Firm releases its 4th-quarter portfolio. : Lone Pine Capital, the hedge fund founded by Steve Mandel (Trades, Portfolio), disclosed 12 new holdings when it released its fourth-quarter 2019 portfolio last week. The Greenwich, Connecticut-based firm picks stocks using a long-short strategy that focuses on bottom-up, fundamental analysis. Combining growth and value strategies, the firm, whose founder was a former "tiger cub" of Julian Robertson (Trades, Portfolio), is known to not hold positions for very long.
This copy is for your personal, non-commercial use only. To order presentation-ready copies for distribution to your colleagues, clients or customers visit http://www.djreprints.com. https://www.barrons.com/articles/activist-hedge-fund-gets-a-chance-to-make-over-victorias-secret-51582323795 After years of declining sales and nearly a year of activist intervention, L Brands (ticker: LB) sold a 55% stake of the lingerie retailer to private equity powerhouse Sycamore Partners in a transaction that values Victoria's Secret at $1.1 billion. By holding onto the remaining 45% stake, L Brands and its shareholders reap the upside if Sycamore can enact a turnaround.
21st Feb 2020 - 2:03pm Not going viral... Hedge fund managers maintain discipline despite market jitters over coronavirus Submitted By James Williams | 21/02/2020 - 2:03pm Equity markets have merely sneezed in response to the coronavirus (Covid-19) and while there is uncertainty over how much fear has been priced in, as infection numbers continue to rise, hedge funds have navigated developments with discipline and a most reduction in net long exposure. For now, rather than try to react to short-term moves, managers are taking a prosaic stance. The first reported case of Covid-19 in Wuhan broke on 31 December 2019.
21st Feb 2020 - 9:21am Opti Capital Management appoints MD for tech sector investment Submitted 21/02/2020 - 9:21am Shubho Ghosh has joined hedge fund Opti Capital Management as a Managing Director focusing on technology sector investment and research in equities and convertible arbitrage. Ghosh is a tenured investor and has held the roles of Sector Head, TMT at Schonfeld Strategic Advisors and Senior Investment Analyst at Millennium Management - Catapult Capital. Ghosh has also worked for Fred Alger and UBS during his Wall Street career. Tags Moves & Appointments.
New York taxi drivers and politicians are raising alarms after a secretive hedge fund this week quietly became the city's largest owner of taxi-medallion loans. Marblegate Asset Management -- a tight-lipped investment firm that has already scooped up some 300 medallions and 1,000 loans, many of them previously owned by disgraced "Taxi King" Gene Freidman...
Alpha Comes In Waves | Allaboutalpha: Alternative Investing Trends And Analysis | A Finance Blog About Private Equity, Commodities, And Other Alternative Asset Classes.
The brief history of replication funds may already be divided into three waves, the third of which is still in formation. The first wave was about democratization: putting hedge fund strategies in the hands of people who cannot meet the accreditation requirements to invest in hedge funds proper, or ofRead More.
AMSTERDAM, Feb 20 (Reuters) - Elliott Investment Management, U.S. billionaire Paul Singer's activist hedge fund firm, has built up a 3.04% stake in Dutch insurer NN Group, a filing by the Dutch financial regulator AFM showed on Thursday. Elliott's move sent NN Group shares up 2% at 0815 GMT in Amsterdam, making them the biggest winner in the blue chip AEX index. In a statement, Elliott said the investment reflected its belief "in the material and sustainable value-creation opportunity that exists at the company".
Donald Trump loves Wall Street shenanigans. Companies owned by him have declared bankruptcy six different times, and he was once sued alongside Mike Milken for participating in a scheme to artificially inflate junk-bond prices. Driving the news: Trump pardoned Milken this week, with an official statement positively gushing over Milken's role in developing the wilder side of fixed-income capital markets. Context: The pardon comes against a backdrop of aggressive Wall Street deregulation. Trump has defanged the Consumer Financial Protection Bureau, loosened regulations on banks, and given free rein to non-bank entities like insurers, ratings agencies, and hedge funds.