Hedge Funds
Most hedge funds and other investors will be waiting for the third quarter earnings reports to pour in prior to rebalancing their portfolios, but some may have decided to do that before seeing where the market is heading. Adage Capital Partners L.P., founded by Phillip Gross and Robert Atchinson, reported owning 8.51 million shares or 5.29% of Ocean Rig UDW Inc. (NASDAQ:ORIG) via a recently-submitted 13G filing. This denotes a lift of 1.36 million shares to the position disclosed in its 13F filing for the June quarter. In a separate freshly-amended 13G filing, George Soros’ Soros Fund Management disclosed trimming...