In the News

Superstar Hedge Managers Facing Hemorrhaging Funds

July 16, 2017 James Heinsman In the News

The Wall Street Journal reported last week that David Einhorn’s Greenlight Capital lost $400 million from its investor base in response to a depressing 2 percent loss during the first half of 2017. The return of $400 million represents 15 percent of all those who are able to withdraw their stakes in Greenlight, according to […]

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David Einhorn, Eric Mindich, Eton Park Capital Management Capital Management, Greenlight Capital, John Paulson,

Activist Hedge Fund JANA to Make a Bundle on Whole Foods Sale

June 26, 2017 James Heinsman In the News

Last Friday the giant online marketplace Amazon announced it was buying Whole Foods Market for $13.7 billion in cash. The price per share of the sale is $42, around 27% more than its Thursday evening closing price of $33.06 Barry Rosenstein announced last April that his activist hedge fund, JANA Partners, had a 9% stake […]

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Amazon, Barry Rosenstein, Jana Partners, John Mackey, Whole Foods Market,

The Top Hedge Fund Earners of 2016

May 17, 2017 James Heinsman In the News

We mean who brought home the most money, and not necessarily had the best returns, although these often go together considering the fees managers charge for performance. Broadly speaking the hedge fund industry had lackluster year, but at least the numbers are black. Hedge Funds returned 5.4 percent, kind of anemic compared to the robust […]

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David Siegel, David Tepper, James Simons, John Overdeck, Ray Dalio,

Chinese Group Buying Majority Stake in Old Mutual

April 4, 2017 Marcus Black In the News

The HNA Group Co, a China-based conglomerate, has agreed to purchase a quarter stake in the US asset management unit of Old Mutual Plc. The deal is valued at about $446 million, and continues on the path of a busy year for HNA, which spent $30 billion last year in acquisitions. The sale is part […]

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Chen Feng, HNA Group Co, Old Mutual, Old Mutual Asset Management,

What’s in a Name? Could be Big Bucks

March 30, 2017 Maria Morales In the News

For some observers the appeal of hedge funds as investment vehicles seems a bit inexplicable. The news about these alternative funds is that they charge high maintenance fees and do not deliver returns commensurate with those fees. Yes, there has recently been an exodus of sorts from these funds, but they are still a powerful […]

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gravitas, hedge fund names, University of Buffalo, University of Oulu,

Former Cohen Manager Snagged by Millennium

March 23, 2017 Marcus Black In the News

One of the largest hedge funds in the industry, Millennium Management, recently hired Ariel Masafy, an ex-portfolio manager for Steve Cohen’s alternative investment firm. Masafy worked predominantly with consumer stocks. He worked for Cohen since 2011, managing about $11 billion. Employment changes by portfolio managers is of great concern to Wall Street observers. Poor showings […]

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Israel Englander, Millennium Management, Point72, SAC Management, Steven Cohen,

Blue Nile Announces Acquisition

March 16, 2017 James Heinsman Company Spotlight

In recent news, online jeweler Blue Nile announced the acquisition of the company by an investor group, which was comprised of Bain Capital Private Equity, Bow Street and Adama Partners. The transaction was approved by Blue Nile’s shareholders on February 2, 2017. As the Blue Nile Chairman, CEO and President Harvey Kanter explained, “Blue Nile […]

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Alex Stanton, Blue Nile, Bow Street, Stanton,

Trump Backer Helped UK Pass Brexit

February 27, 2017 Debbie Jacobs In the News

Billionaire Trump supporter and US hedge fund manager Robert Mercer, not only helped finance the President’s campaign, but also played a crucial part in the UK’s vote to exit the European Union. Owner of the right-wing news organization Breitbart, Mercer is suspected of using his data-analytics firm, Cambridge Analytica, to give expert advice to the […]

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Andy Wigmore, Brexit, Cambridge Analytica, Donald Trump, Nigel Farage,

Trending: Hedge Funds Investing in the Film Industry

February 7, 2017 James Heinsman In the News

Kevin Ulrich is the head of the New York investment firm Anchorage Capital, the largest owner of the iconic Hollywood studio Metro-Goldwyn-Mayer. Anchorage was founded in 2003 by Anthony Davis and Kevin Ulrich. In recent years MGM has been the force behind such blockbusters as Hobbit, Hobbit: The Desolation of Smaug, and Skyfall, the James […]

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Anchorage Capital, Andrew Rudd, Gary Barber, Kevin Ulrich, MGM,

Connecticut Governor Urges Lawmakers to Wait for Trump to Tax Hedge Fund Managers

February 1, 2017 James Heinsman In the News

Governor Dannel P. Malloy of Connecticut, the nation’s second largest hedge fund state, urged law makers to hold off on eliminating the “carried interest” tax break, which benefits hedge fund managers. He told them it would be more prudent for the law’s liberal sponsors to allow the new President Trump to make good on his […]

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carried interest tax break, Connecticut, Governor Malloy, President Trump,

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