$$$ Avenue Capital’s Lasry Said Buying Bucks for $550 Million [Bloomberg] $$$ Yellen Says Fed Committed to Policies to Support Recovery [Bloomberg] $$$ Hedge Funds Post Worst First-Quarter Results Since 2008 [BusinessWeek] $$$ Former...Show More Summary
The new owners, Marc Lasry and Wesley Edens, have a taste for distressed assets. So the Bucks, the basketball team that currently holds the worst record in the N.B.A., is right up their alley.
Andrew Auernheimer, aka, “Weev,” was released from the Allenwood Federal Correctional Center in Pennsylvania last weekend after serving 13 months of a 41-month sentence for distributing email addresses of 114,000 iPad users collected...Show More Summary
Overlooked in the judge's approval of the guilty plea entered by Steven Cohen’s hedge fund SAC Capital Advisors to insider trading charges is that SAC was given 90 days to pay a $1.2 billion penalty.
Founded by Himanshu H. Shah in 2005, Shah Capital Management is a research-driven global hedge fund, which has recently disclosed its equity portfolio for the first quarter of 2013. The hedge fund showed a strong focus on China-based companies, which represent its top holdings and which Mr. Shah has been increasing during the first three months […]
Over the past three months, a few of the companies in which George Soros’ Soros Fund Management holds stakes have seen their insiders acquire shares. When you combine hedge fund and insider bullishness, chances to outperform the market, grow. And as we have recently reviewed four Warren Buffett picks with recent insider activity, let’s take […]
The Milwaukee Bucks' long search for deep-pocketed ownership appears to be over. A group led by New York-based hedge fund giants Wesley Edens and Marc Lasry have agreed to purchase the Bucks from current owner Herb Kohl for $550 million,...Show More Summary
Hedge funds are having their worst start to the year since 2008 gaining only 1.23% year-to-date, says a new report by research firm Preqin. You'll recall 2008. It was when Wall Street thought the world would end. Now it's safe to say...Show More Summary
Hedge funds are coming off their worst first-quarter performance since the dark days of 2008. That’s the contention this morning from data supplier Preqin, whose all hedge-fund strategies benchmark gained a meager 1.23% for the period. It’s a shift from the last two years, when the early part of the year was strong. The same [...]
I have always been a “small fund” oriented investor. Both models work if executed well, but they are different. With small funds, you only need to find a few good ideas a year to get behind. That is true in hedge funds, private equity, venture capital, and probably many other asset classes. With large funds, […]
Sayeth a German academic, contra everything that every hedge fund lobbyist has said (and that everybody believed) since 2007. Hedge funds, on the other hand, adversely affect all three other types of financial institutions. During crises,...Show More Summary
Edinburgh Partners is a Scottish hedge fund with an office in New York City. Managed by Sandy Nairn, it has a strong focus on long-term investments. According to the fund’s website, the investment team of Edinburgh Partners believes that the company analysis should not be oriented towards short-term data, such as quarterly or annual performance, but […]
Ex-SAC Capital PM Mike Steinberg seemed pretty surprised when he was found guilty of insider trading. Ms. Williams recalled the day when Michael S. Steinberg, a portfolio manager at the hedge fund SAC Capital Advisors, was brought before a Manhattan judge to be read the insider trading charges against him. Show More Summary
Line up, my little deductions. Happy Tax Day, everyone. Don't you wish you were a hedge fund manager? Instead of paying ordinary rates on much of their income — typically 35 percent for the highest bracket (39.6 percent for this tax year) — these executives pay the capital gains rate of 15 percent. Show More Summary
Weev aka Andrew Auernheimer is free. The 29-year-old hacker, released from the Allenwood Federal Correctional Center in Pennsylvania last weekend, has spent the past few days celebrating a federal appeals court decision to reverse and vacate his conviction but took a bit of time to discuss his incarceration and plans with me. Show More Summary
Hedge fund manager Cliff Asness of AQR Capital Management told Bloomberg TV's Stephanie Ruhle that there's one strategy that investors should incorporate into their portfolio. Asness pulled up a chart that shows cumulative returns to...Show More Summary
Last week, Sotheby's released an investor presentation slamming activist investor Daniel Loeb and the two nominees for the board backed by his hedge fund Third Point LLC. In sum, the auction house said that Loeb and his nominees lack...Show More Summary
ByD. Mero: Moody's recently released a report outlining the ongoing movement of activist shareholders raising heat on companies not enhancing shareholder value. Hedge funds or investment advisors pursued 220 targets in 2013, up from the 209 figure in 2012 and 179 in 2011. Show More Summary
if you earn a billion dollars a year, do you get your own tax exemption? Take a guess.