Dear Valued Visitor,

We have noticed that you are using an ad blocker software.

Although advertisements on the web pages may degrade your experience, our business certainly depends on them and we can only keep providing you high-quality research based articles as long as we can display ads on our pages.

To view this article, you can disable your ad blocker and refresh this page or simply login.

We only allow registered users to use ad blockers. You can sign up for free by clicking here or you can login if you are already a member.

Hedge Fund News: Marc Lasry, James Dinan, Maverick Capital

Billionaire Hedge Fund Titans Dinan, Lasry on Election, Markets And Best Investment Ideas (CNBC)
Billionaire hedge fund managers Jamie Dinan and Marc Lasry shared their market views in an exclusive interview with CNBC’s Scott Wapner on Tuesday. On financials: “The regulatory environment offsets any kind of benefit from the steepening yield curve,” Dinan said. On the market: “I don’t think it’s a great environment. There’s nothing cheap out there … only thing we’re seeing out there [is the] energy sector, where we … still see a lot of opportunity [and also] Europe,” Lasry said.

AVENUE CAPITAL

Maverick Fund Said to Lose 6.8% as Bets Against Technology Hurt (Bloomberg)
Maverick Capital’s main hedge fund lost 6.8 percent this year through Oct. 7 as its bets against technology stocks soured, according to a person with knowledge of the matter. The $11 billion firm, run by Lee Ainslie, told investors last week that bearish bets on technology stocks hurt during the third quarter, said the person, who asked not to be identified because the information isn’t public. A few unexpected takeovers of companies Maverick had wagered against also contributed to the loss, including Arm Holdings Plc, which was bought by SoftBank Group Corp. on Sept 6.

Stewart Info Settles With Starboard to Replace Four on Board (Bloomberg)
Stewart Information Services Corp. is reshaping its board by adding three independent directors and its chief executive officer to the panel as part of a settlement with its biggest shareholder, activist investor Starboard Value LP. Stewart CEO Matthew Morris and Clifford Press — a former Morgan Stanley banker who founded his own investment companies — will join the property-title insurer’s board immediately, the company said in a statement Tuesday. They replace Malcolm Morris and Stewart Morris, who agreed to resign. Stewart is searching for two additional independent directors to replace Laurie Moore-Moore and Frank Keating, who will step down once replacements are found.

DOWNLOAD FREE REPORT: Warren Buffett's Best Stock Picks

Let Warren Buffett, George Soros, Steve Cohen, and Daniel Loeb WORK FOR YOU.

If you want to beat the low cost index funds by 19 percentage points per year, look no further than our monthly newsletter.In this free report you can find an in-depth analysis of the performance of Warren Buffett's entire historical stock picks. We uncovered Warren Buffett's Best Stock Picks and a way to for Buffett to improve his returns by more than 4 percentage points per year.

Bonus Biotech Stock Pick: You can also find a detailed bonus biotech stock pick that we expect to return more than 50% within 12 months.
Subscribe me to Insider Monkey's Free Daily Newsletter
This is a FREE report from Insider Monkey. Credit Card is NOT required.
Loading...