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Hedge Fund News: Warren Buffett, Chris Hohn & Carl Icahn

Hedge fund Sancus Capital hires Shelly Baldwin for business development (HedgeWeek)
Baldwin is reuniting with her ex-Goldman Sachs Group, Inc. (NYSE:GS) colleagues at Sancus where her primary focus will be new business development. Baldwin was most recently at Varadero Capital where she was focused on investor relations. She also held a marketing role at AXA and spent eight years as a quantitative analyst at Goldman Sachs. “We are pleased to have someone with Shelly’s background joining Sancus. Shelly’s depth of experience in investor relations and business development is exceptional,” says Olga Chernova, chief investment officer and managing principal at Sancus.

The Goldman Banker Who Led Twitter’s IPO Anthony Noto Is Its New CFO (BusinessInsider)
Goldman Sachs banker Anthony Noto is Twitter’s new CFO. Noto led the Twitter Inc (NYSE:TWTR) IPO when he was at Goldman, and before that he was the CFO for the NFL for nearly three years. Noto was supposed to start working for the hedge-fund firm Coatue Management this week, but it seems that plans have changed. After guiding Twitter through its IPO, Noto has a strong understanding of how the company is set up. Previous CFO Mike Gupta has been named the company’s new senior vice president of strategic investment.

Hedge Fund Managers Just Can’t Catch A Break These Days (BusinessInsider)
I know a small startup hedge fund that was flat last year versus the S&P 500’s 32% total return. He’s out of business, pack up the truck. Nothing he can explain or illustrate means anything to the handful of seeders who let him hold onto some money for a year. Hedge funds have faced quite a conundrum recently. On the one hand, they’re expected to be “non-correlated” to the risk and returns of the broader market. It’s kind of the point of the whole thing, after all. Anyone can simply own the market.

UK hedge fund Oceanwood wins $50 mln from Ohio pension fund (III)
Europe-focused hedge fund Oceanwood Capital Management has won a $50 million (29.16 million pounds) investment from School Employees Retirement System of Ohio (SERS), a nearly 3 percent boost to its $1.85 billion assets under management. The investment marks a significant institutional backing for Oceanwood and is part of a combined $160 million commitment by SERS to three funds, including Redwood Offshore Fund and real estate fund PRISA II, a statement on the SERS website said.

CVR Refining LP (CVRR) Buys Back 6.5 Mln Shares from Carl Icahn (InsiderMonkey)
Billionaire Carl Icahn has reported in a filing with the Securities and Exchange Commission, the sale of a total of 6.5 million shares of CVR Refining LP (NYSE:CVRR). Following the sale of securities that have been disposed at a price of $25.25 apiece, Mr. Icahn still owns over 70% of the company’s outstanding stock, equal to 104.29 million shares. CVR Refining LP (NYSE:CVRR) has recently conducted a public offering in which it sold the same amount of shares, 6.5 million, at a price of $26.07 apiece. According to a filing with the SEC, the company plans to use the proceeds from the offering to acquire from Icahn’s affiliate CVR Refining Holdings…

Recommended Reading:

Hittite Microwave Corp (HITT) New Position in Elliott Associates’ Equity Portfolio

James E. Flynn’s Deerfield Management Reveals Passive Stake in Amphastar Pharmaceuticals Inc. (AMPH)

Altai Capital Discloses New Position In Servicesource International Inc (SREV)

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