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Morgan Stanley Advises Clients To Redeem From Paulson Funds
Morgan Stanley Wealth Management has told its financial advisers to encourage clients to redeem holdings from the two umbrella funds managed by billionaire hedge fund manager, John Paulson, according...
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TPG-Axon Wants To Oust SandRidge’s Board, Files Lawsuit
SandRidge Energy Inc. (NYSE:SD) saw one of it major investors, the hedge fund TPG-Axon Capital Management, put forward a proposal today that would see the company’s entire board replaced. Today’s plan...
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Biggest Week For Equity Mutual Funds Since 2000
A report from Sterne Agee asserts that last week saw more money flow into equity mutual funds based in the United States than any week since at least October of 2000. The data comes from the data...
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Carl Icahn Goes Long Herbalife According To Another Report
Activist investor, Carl Icahn and his associates confirmed to other investors that he acquired a “small” stake in Herbalife Ltd. (NYSE:HLF), after Bill Ackman, CEO of Pershing Square Capital...
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Norwegian Cruise Line Jumps 32% On First Day After IPO
Norwegian Cruise Line Holdings Ltd. (NASDAQ:NCLH) stock was trading high today, just one day after the firm went on the public market. The company went public yesterday on the Nasdaq exchange at $19...
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Carl Icahn Bill Ackman Feud Escalates Into Full Scale Battle
Herbalife Ltd. (NYSE:HLF) stock was up slightly this afternoon as the verbal tussle continues between Bill Ackman and Carl Icahn. Ackman is famously shorting Herbalife, a company he has publicly...
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Alex Roepers Up 16% in 2012, Gains From Ashland, Rockwood
Atlantic Investments (AUM: $1.8 billion), founded by Alexander Roepers, did well in most of its funds in last year. The newly founded Cambrian Global (long only) fund gained 15.9 percent last year...
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Elliott Associates Up 13% In 2012; Loss on Gold Options
Elliott Associates L.P. returned 13.4 percent in 2012, according to sources close to the matter. The fund, which was created by maven Paul Singer in 1977, had a 2012 that came in broadly in line with...
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Legg Mason Names Sullivan As New CEO
Legg Mason, Inc. (NYSE:LM) has announced the installation of a new Chief Executive Officer. The asset manager announced that Joseph A. Sullivan would take the position of the head of the company, after...
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Leon Cooperman 4Q Stock: Picks Facebook, Sells Apple
The 13f filing of Leon Cooperman, the founder and chairman of the hedge fund, Omega Advisors with the Securities and Exchange Commission (SEC) showed that he purchased 13 new stocks and the value of...
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Passport Capital Buys United Health, AngloGold Ashanti; Sells Apple
Passport Capital’s 13f filing with the Securities and Exchange Commission (SEC) for the fourth quarter of 2012 showed that its major stock picks include: Williams Companies, Inc. (NYSE:WMB) with...
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SAC Investors Redeem $1.68B Amid On-going Investigation
The investors of SAC Capital Advisors redeemed $1.68 billion from the hedge fund managed by Steven Cohen amid an on-going insider trading investigation against the firm, according to the report from...
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Apple Inc. (AAPL) Loses Case Against David Einhorn
On Friday in a rare nod to the “little guy” a judge voted in hedge fund manager David Einhorn’s favor as it ordered Apple Inc. (NASDAQ:AAPL) to stop getting shareholder votes for proposal to amend...
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Niederhoffer’s Diversified Program Up 15% YTD
R. G. Niederhoffer Capital seems to have managed to turn its ship around after a very low 2012. Niederhoffer’s funds or ‘programs’ as they are called, continued to show high returns in February....
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Blue Ridge Reduces Short In Weir, Joho Cap Cuts CSR plc
In the period of hefty gains on S&P500 index, up 8 percnet so far this year, it seems shortsellers were brutally corrected. The net short interest in the flagship market index is now at 2.5...
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Omni Macro Euro Short Position Gets Boost from Beppi Grillo
The results of Italian elections were an eye opener for those who had faith left in the strength of European Union. The people of Italy, especially the youth rebelled against the continued austerity...
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John Paulson Has No Intention To Relocate To Puerto Rico
John Paulson, president of Paulson & Co is not moving to Puerto Rico, according to a statement released by the hedge fund in response to reports that the hedge fund manager is considering to set up...
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Hedge Funds Bet on Cyprus Avoiding Default
Hedge funds are betting that Cyprus won’t default despite the country’s current bailout troubles. The next round of bonds that Cyprus is due to pay, on June 3, are trading at 83 percent of their face...
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SAC Capital Posts 4% Gain Despite Ongoing Federal Investigation
SAC Capital Advisors, the hedge fund managed by billionaire investor Steven A. Cohen, posted a 4 percent gain this year despite the ongoing insider trading investigation against it by federal...
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Alex Roepers Up 16% in 2012, Gains From Ashland, Rockwood
Atlantic Investments (AUM: $1.8 billion), founded by Alexander Roepers, did well in most of its funds in last year. The newly founded Cambrian Global (long only) fund gained 15.9 percent last year...
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