- Weekend Reading: The Twelve Days of Wall Street @ The New York Times - 9 minutes ago
On the first day of bonus season my supervisor sent to me …
- Tiger Global Management starts positions in YHOO, LINTA, SODA, TRIP and sells SBGI, QCOM—13F Flash B Market Realist - 36 minutes ago
In this six-part series, we’ll go through some of the main positions Tiger Global Management traded this past quarter. Why buy Liberty Ventures (LINTA)?
- KKR, Goldman Exit From Dollar General Stake With $252 Million Stock Sale @ The Wall Street Journal - 2 hours 32 minutes ago
Corp. late Wednesday, with investors agreeing to pay nearly three times what they offered in the retailer's initial public offering. The move caps what has been something of a best-case scenario for KKR and Goldman: a four-year rally in the retailer that enabled a series of increasingly lucrative stock sales as they cashed …
- Hedge funds cash in on Peugeot as GM takes exit hit Reuters - 3 hours ago
PARIS/LONDON (Reuters) - Hedge funds have reaped some $190 million this week from betting against Peugeot (UG.PA), in contrast with GM (GM), whose own investment in the French carmaker proved to be a loser. The "short" bets against PSA Peugeot Citroen - when investors such as hedge funds sell borrowed shares in the hope …
- [video] The smartest hedge funds are buying Groupon: Trader @ CNBC - 3 hours ago
Fast Money trader Simon Baker gives his top stock picks for 2014 including Groupon and FedEx.
- Goldman Sachs Leans Heavily On Private Equity as Volcker Looms @ TheStreet.com - 4 hours ago
Goldman Sachs shareholders will soon see whether the investment bank can maintain its private equity profits.
- Cube Capital co-founder to spin out real estate business Reuters - 5 hours ago
HONG KONG/LONDON (Reuters) - The co-founder of hedge fund firm Cube Capital is spinning out its real estate business into a new entity, in a move that Cube said will reassure investors it is focused solely on managing hedge funds. Cube Managing Director Peter Madsen told Reuters Oleg Pavlov, one of Cube's founding partners, …
- Morning Read: SAC Shakeup Include Prime Broker Review @ Barrons.com - 6 hours ago
Fund watch: SAC Capital's planned revamp includes cutting the number of prime brokers with which it deals, transforming into a family office and perhaps a name change, the Wall Street Journal's Jenny Strasburg ...
- Baupost Group opens PBF position, raises MU and THRX share, and sells AIG, AUY, and KGC—13F Flash E Market Realist - 8 hours ago
The Baupost Group, LLC, is a hedge fund founded and run by Seth Klarman in 1982. Why sell Yamana Gold Inc. (AUY)?
- Morning Agenda: How Blackstone Made Money on Hilton @ The New York Times - 8 hours ago
Blackstone’s huge gain on its Hilton investment might at first glance look like a multibillion-dollar loss. | Bank of America agreed to pay a $131.8 million penalty over the structuring and sale of two ...
- Spain's Pescanova says considering buyout offer Reuters - 11 hours ago
Ailing Spanish fishing firm Pescanova said on Friday its board had agreed to consider a non-binding offer for the company from a consortium of investors including U.S. private equity firm KKR and shareholder ...
- [$$] SAC Reconsiders Industry Relationships—and Its Name @ The Wall Street Journal - 15 hours ago
SAC is considering big changes as it restructures, including scaling back relationships with some Wall Street banks and perhaps changing its name.
- A Surprise From Hilton: Big Profit for Blackstone @ The New York Times - 19 hours ago
From what looked like a sure loss during the financial crisis, Blackstone engineered one of the most successful deals in its history.
- The Fevered Jungle of Wall Street Receives Visitors From Colder Climes @ The New York Times - 20 hours ago
Executives of the Blackstone Group and a crowd of kindergartners met eight animals from Sea World, a theme park Blackstone took public.
- Hedge Fund Inflated Value of Coal Investment and Client Fees, S.E.C. Says @ The New York Times - 23 hours ago
GLG Partners has agreed to pay almost $9 million to settle charges that it overvalued its investment in a Siberian company, and in turn, inflated client fees.
- Levine on Wall Street: Unloading 2007 @ Bloomberg - Thu, Dec 12, 2013 7:48 AM EST
Now you can buy Hilton and Aramark. Now you pretty much have to buy Facebook, and I know how you've been avoiding that. You can still short Manchester United though.
- Carlyle Is Said to Raise $13 Billion for U.S. Buyout Fund @ Bloomberg - Mon, Nov 25, 2013 6:00 AM EST
Carlyle Group LP, the world’s second-biggest manager of alternatives to stocks and bonds, raised $13 billion for its sixth fund dedicated to U.S. leveraged buyouts, according to a person with direct knowledge ...
- Burned Short Sellers Adjust as Stocks Keep Rising @ The Wall Street Journal - Mon, Nov 25, 2013 12:33 AM EST
With the U.S. stock market at all-time highs, about the only people gnashing their teeth are short sellers, who have had a miserable year.
- Herbalife up despite Ackman Investor's Business Daily - Fri, Nov 22, 2013 6:52 PM EST
All Business Briefs
- Bill Ackman Likely To Announce New Information On Herbalife Monday @ TheStreet.com - Fri, Nov 22, 2013 4:56 PM EST
FOX Business Network (FBN) Senior Correspondent Charlie Gasparino reports that hedge fund manager Bill Ackman withheld "new information" on Herbalife Ltd. (NYSE:HLF) at the Robin Hood Investors ...
- Analysis: Why hedge funds still manage to seduce Reuters - Fri, Nov 22, 2013 4:54 PM EST
Hedge fund investor Hugh Culverhouse Jr. says the $2.25 trillion industry was an easier place for wealthy individuals to make money a decade ago. Funds were smaller, returns were higher and managers did more to cultivate the support of those well-heeled individuals and families because large institutions like pension funds …
- Herbalife shares jump despite Ackman's latest attack Reuters - Fri, Nov 22, 2013 4:40 PM EST
(Reuters) - Herbalife Ltd (HLF) shares rallied as much as 7 percent on Friday as investors rejected the latest salvo from hedge fund manager Bill Ackman, who insisted the company is nothing but a pyramid scheme, even though his short position based on that view has cost up to $500 million. Ackman, head of hedge fund firm …
- Ackman Says He’ll Take Herbalife Bet to End of the Earth @ Bloomberg - Fri, Nov 22, 2013 4:39 PM EST
Activist investor Bill Ackman said he will take his bet against Herbalife Ltd. “to the end of the earth” even after losing as much as $500 million on the investment.
- Jefferies Added as Falcone IPO Underwriter After Deal @ Bloomberg - Fri, Nov 22, 2013 4:16 PM EST
Fidelity & Guaranty Life, the insurer owned by Philip Falcone’s Harbinger Group Inc., added Jefferies Group LLC as an underwriter for its initial public offering after the bank took a stake in Harbinger ...
- What Investors Should Know About the Recent Blackstone IPO @ Motley Fool - Fri, Nov 22, 2013 3:24 PM EST
Should retail investors be concerned when Blackstone is selling?
- Bill Ackman Calls His Billionaire Rivals Octogenarians As Herbalife Saga Approaches One Year Anniver … @ Forbes - Fri, Nov 22, 2013 3:18 PM EST
William Ackman, the billionaire hedge fund manager who has said he will go “to the end of the Earth” to destroy Herbalife, brought four women who he claimed were victims of the nutritional supplements seller to the New York investment conference where he conducted his latest presentation against the company
- Ackman Says Fannie, Freddie ‘Most Interesting’ Opportunity @ Bloomberg - Fri, Nov 22, 2013 3:00 PM EST
Activist fund manager Bill Ackman described his investment in mortgage giants Fannie Mae and Freddie Mac as the most interesting since he acquired a stake in General Growth Properties Inc. in 2008.
- Hedge Funds Are Taking Over Brooklyn Business Insider - Fri, Nov 22, 2013 2:44 PM EST
Private equity and investment firms in recent...
- Paulson & Co. starts new positions in TWC, S, MNK, FDX, Sells MJN, ELN – 13F Flash (A) Market Realist - Fri, Nov 22, 2013 1:24 PM EST
Paulson & Co., founded in 1994 by John Paulson, is an investment management firm specializing in event-driven arbitrage strategies (including merger arbitrage, bankruptcy reorganizations, and distressed ...
- Herbalife Stock Up Despite Ackman's Latest Criticism @ Investor's Business Daily - Fri, Nov 22, 2013 1:15 PM EST
Herbalife Stock Up Despite Ackman's Latest Criticism
- Ackman Will Take Herbalife Bet "to the End of the Earth" @ The Wall Street Journal - Fri, Nov 22, 2013 12:47 PM EST
What pyramid scheme? Investors piled into Herbalife Friday morning as hedge-fund manager Bill Ackman took to the stage at the Robin Hood Investor Conference to once again make his case against the company ...
- Herbalife rallies as Ackman goes on the attack @ CNBC - Fri, Nov 22, 2013 12:35 PM EST
At the Robin Hood Investors Conference, Ackman said in an interview that he would take his campaign against the company "to the end of the earth."
- John Paulson's Funds Clock Strong Returns in 2013 @ The Wall Street Journal - Fri, Nov 22, 2013 12:12 PM EST
John Paulson's funds, with the exception of his gold fund, are up between 16% and 46% in 2013, the fund manager told investors this week.
- SAC Capital's 'Cohen tag bonuses,' and other banking reads @ MarketWatch - Fri, Nov 22, 2013 11:22 AM EST
A roundup of recent financial news: SAC Capital employees and their "Cohen tag bonuses." One guy in charge of returning Madoff money gets irritated by hedge funds. And Bank of America says it ...
- Ackman says lost up to $500 mln on Herbalife short bet: BBG TV Reuters - Fri, Nov 22, 2013 11:11 AM EST
Bill Ackman, head of hedge fund firm Pershing Square, said Friday that his firm has lost $400 million to $500 million on his short bet against weight-loss company Herbalife. Ackman, who revealed his bet against the company nearly a year ago, also told Bloomberg Television that his firm does not support Bruce Berkowitz …
- Herbalife shares gain 4.6% on Ackman appearance @ MarketWatch - Fri, Nov 22, 2013 10:47 AM EST
NEW YORK (MarketWatch) -- Shares of Herbalife Ltd. gained 4.6% Friday after activist investor William Ackman discussed his short position in the nutritional company. Ackman, who spoke at the Robin Hood ...
- US investors uncover a new market-and it's popping CNBC - Fri, Nov 22, 2013 10:44 AM EST
- Fairholme's Fannie-Freddie Plan 'At the Edge of Ludicrous': Summers @ TheStreet.com - Fri, Nov 22, 2013 8:17 AM EST
Investors' proposal to buy the government sponsored enterprises' insurance business attracts more criticism.
- [$$] SAC Executive to Resign Amid Shift @ The Wall Street Journal - Fri, Nov 22, 2013 12:54 AM EST
SAC Chief Operating Officer Sol Kumin has decided to leave the hedge fund as it transitions into a family office, SAC founder Steven A. Cohen told employees Thursday.
- [$$] Deal Over Madoff Funds Collapses @ The Wall Street Journal - Fri, Nov 22, 2013 12:54 AM EST
The deal between Kingate Management and bankruptcy trustee Irving Picard fell apart after the Justice Department said it would exclude feeder funds from any payouts.
- J&J Said to Narrow Bidder List to 3 for Diagnostics Business @ Bloomberg - Thu, Nov 21, 2013 8:23 PM EST
Johnson & Johnson narrowed the list of possible buyers of its Ortho Clinical Diagnostics business to three, including a joint bid from Danaher Corp. and Blackstone Group LP, people with knowledge of the ...
- SAC chief operating officer to leave as hedge fund transforms Reuters - Thu, Nov 21, 2013 7:39 PM EST
A top lieutenant at Steven A. Cohen's SAC Capital Advisors will leave the hedge fund in the new year as the once $15 billion firm converts to a family office, according to a memo sent to employees and seen by Reuters. Sol Kumin, the firm's chief operating officer, will leave SAC in January, the memo from Cohen said. "We …
- SAC chief operating officer to leave hedge fund as firm transforms Reuters - Thu, Nov 21, 2013 6:50 PM EST
A top lieutenant at Steven A. Cohen's SAC Capital Advisors will leave the hedge fund in the new year as the once $15 billion firm converts to a family office, according to a memo sent to employees and seen by Reuters. Sol Kumin, the firms' chief operating officer, will leave SAC in January, the memo from Cohen said. "We …
- Exclusive: Party City preparing for early 2014 IPO: sources Reuters - Thu, Nov 21, 2013 6:04 PM EST
Party City Holdings Inc, the largest U.S. party goods retailer acquired just over a year ago by buyout firm Thomas H. Lee Partners LP for $2.69 billion, is preparing for an initial public offering, according ...
- Loeb reveals $1 billion-plus stake in Japan's SoftBank Reuters - Thu, Nov 21, 2013 6:02 PM EST
(Reuters) - Hedge fund manager Daniel Loeb on Thursday disclosed a $1 billion-plus stake in Japan's SoftBank Corp at an investment conference, while another top money manager warned in an interview of the "bubble-like" conditions of some stocks. Loeb was a speaker at the Robin Hood Investors Conference along with hedge …
- KKR's Special Situations Group Strikes a Distressed Deal in France @ The Wall Street Journal - Thu, Nov 21, 2013 5:58 PM EST
Kohlberg Kravis Roberts & Co.'s special situations unit struck another distressed deal this year, agreeing to acquire Winoa Group, a French maker of steel abrasives and diamond cutting tools, from fellow ...
- Appaloosa’s David Tepper Says Equity Markets Not Inflated @ Bloomberg - Thu, Nov 21, 2013 5:54 PM EST
David Tepper, the billionaire hedge- fund manager who runs Appaloosa Management LP, said stock markets are not inflated as economies in the U.S., Europe and China are on “firm ground.”
- Paulson Said to Tell Clients He Wouldn't Add More to Gold Bloomberg - Thu, Nov 21, 2013 5:38 PM EST
Billionaire hedge-fund manager John Paulson told clients he wouldn't personally invest more money in his gold fund because its not clear when inflation will accelerate, according to a person familiar with the matter. Paulson, who has been betting that gold would rally as a hedge against inflation as central banks flood …
- Viking Global Investors starts new positions in LOW, BAC, DIS, BIDU, Sells BA, CX – 13F Flash (D) Market Realist - Thu, Nov 21, 2013 4:00 PM EST
Viking Global Investors LP is an independent hedge fund management firm founded by Andreas Halvorsen, Brian Olson, and David Ott. It manages assets of around $20 billion and has offices in New…
- J&J chooses two bidders for diagnostics sale negotiations -sources Reuters - Thu, Nov 21, 2013 3:35 PM EST
Carlyle Group LP and a consortium of Danaher Corp and Blackstone Group LP have advanced to the final stage of negotiations for Johnson & Johnson's diagnostics unit, according to people familiar with the matter. These two bidders appear willing to pay the most for the unit, Ortho Clinical Diagnostics, though a deal may …