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: Stan Druckenmiller, Third Point, Nokia Corporation (ADR) (NOK)

Liongate’s Mark Parsonson outlines the attraction of hedge funds (Investment Europe)
Mark Parsonson, executive director of Liongate Capital Management, says there are key advantages in the hedge fund approach, which make them an attractive capital allocation option. Global monetary policy has succeeded in creating asset price inflation by distorting the productive capital allocation function of markets. Against a backdrop of weak economic growth, markets have benefitted from the unprecedented expansion in global liquidity. Long-term equity valuation measures, such as Tobin’s q and CAPE – indicate over-valuation. Nominal bond yields have declined to levels for which there are few, if any, historical precedents.

Karvy Capital’s hedge fund eyes Rs 100 cr by mid-August (Economic Times)
Karvy Capital, part of financial services group Karvy, today said it expects to attract inflows of about Rs 100 crore from high networth entities for its newly launched hedge fund. The asset management company has come out with ‘Systematic Edge Fund’ that would target high networth individuals and select institutions. “We aim to raise about Rs 100 crore for this fund by mid-August. This fund would be a multi-strategy absolute returns hedge fund and would ensure low volatility,” Hrishikesh Parandekar, CEO and Group Head for Broking, Wealth Management and Asset Management, said here.

Argentina Blasts Elliott Over Iran Criticism (FINalternatives)
The battle between Argentina and its hedge-fund creditors has taken yet another nasty turn. Argentina is furious over a recent media campaign in the U.S.—reportedly paid for by Elliott Associates affiliate NML Capital—criticizing the country’s relationship with Iran. At issue is the January memorandum of understanding between the two countries to investigate the 1994 bombing of a Jewish center in Buenos Aires, which Argentina has blamed on the Iranian government.

Firebird Co-Founder Lists ‘Buddhist-Inspired’ Princeton House (FINalternatives)
A hedge-fund-manager-turned-philosophy-teacher is selling his Buddhist-inspired New Jersey home. Firebird Fund Management co-founder Daniel Cloud has listed the nine-acre Princeton property for $3.575 million, a discount to the $3.7 million he paid for it in 2007. Currently a philosophy lecturer at Princeton University, Cloud told The Wall Street Journal that the 7,000-square-foot home was simply “too much house for one person.”

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.