Investor Letters

Here are some more recent hedge fund investor letters. Do note that these are all .pdf files. Maverick Capital (Lee Ainslie) ... (Kyle Bass) Balyasny Asset Management LP Baupost Group (Seth Klarman) Perry Capital And, taken ... Management Corp. added $3 billion in the third quarter and Howard's Brevan Howard Asset Management LLP [more...]

Date: 2008-11-05 13:55:00

Blog posts (45) | Videos (17)
 

Case Study: BlueCrest Capital Management

BobGiffords Motivation for Real-Time Market Data Management BlueCrest Capital Management is a leading European hedge fund, based in London, with over $15 billion in assets-under-management and an award-winning reputation for combining ‘ ... from traditional fixed income, equities, FX and related derivatives, to exotic commodity, energy [more...]

Date: 2008-12-16 20:04:08

Activist Hedge Fund Investments (as of March 31, 2008)

Barington Capital Bulldog Investors Chapman Capital Breeden Capital Pershing Square Capital Costa Brava Carl Icahn Ramius Capital Dalton ... Investment Management Mario Gabelli (Gamco) Discovery Equity Partners RLR Capital Knightspoint Firebrand Capital SAC Capital Liberation Investment Group Greenlight Capital Sandell Asset Management [more...]

Date: 2008-06-11 17:23:00

Expro scores a victory in PE takeover

U.K. oil services provider Expro International Group plc scored a victory at the High Court in London in its battle to push through an agreed £1 ... High Court judge refused an application from dissident shareholders Mason Capital Management LLC and Sandell Asset Management Corp., which together hold about 14% of Expro, to delay this week's court [more...]

Date: 2008-06-26 15:31:14

TRX Inc. (TRXI): Traveling Towards Profits in Your Portfolio?

TRX develops and hosts software applications to automate manual processes and track transaction data in the travel industry ... Asset Management and Horrell Capital Management. TRX had 2007 sales of $101 million and has cash ... exchanges, refunds, waivers and split payments, commission management, fare loading, document [more...]

Date: 2008-11-12 13:04:21

Relax — You Haven’t Missed Everything

The stock market unfortunately appeals to some of one’s more hysterical instincts, particularly in periods such as this ... investment strategist and director of asset allocation, RidgeWorth Capital Management. “We still [more...]

Date: 2009-01-05 17:37:50

A Lap Of The Blogs

If you are new to WhereDoesAllMyMoneyGo.com, every Friday I run a post called “A Lap Of The Blogs” which provides links to articles I found ... presentations from Norm Lamarche (Front Street Capital), Eric Sprott (Sprott Asset Management), Dave Picton (Picton Mahoney) and Peter Puccetti (Goodwood). For those that remember the Sprott IPO [more...]

Date: 2008-10-03 04:16:12

Hedge Fund Tracking: Clarium Capital

Four times a year, hedge funds & asset managers with > $100 million AUM (assets under management) are required to report to the SEC their holdings from the previous quarter. I check these 13F [more...]

Date: 2008-08-18 20:16:32

Mean Street: The Secret of My Investing Success

The most skeptical investors I ever met were Wall Street equity capital market professionals– the ones responsible for pricing IPOs ... and two funds managed for Vanguard by Primecap, a West Coast asset manager. Some Vanguard investors ... does an active management skeptic like me outperform with index funds? Mostly luck in allocation [more...]

Date: 2008-06-05 12:31:06

Something (again) Is Rotten In The State of New Jersey

There is a major scandal brewing and our beloved governor can’t see it. It just came to light that the New Jersey Pension Fund for Public Employees invested in three different hedge funds—Black Rock Inc., Conger Capital Advisers LLC, and Golden Tree Asset Management LP [more...]

Date: 2008-11-25 23:15:00

PE Fund-Raising Declines for First Time Since 2003

Sabrina Willmer, of Private Equity Analyst, files this dispatch on one body blow private-equity firms have taken from the financial crisis ... their private-equity percentage allocation targets because of the marked decline in the stock markets. “ ... over-weighted in the asset class,” said Donn Cox, managing director at LP Capital Advisors. “ [more...]

Date: 2009-01-09 18:27:00

When investments become trades

This resonated with me, and I thought it was worth reprinting in it’s entirety, ... investment officer at Al Frank Asset Management, who owns shares of Dryships. “Our objective is to double ... Steven Wolf, managing director of investments at Source Capital Group. But bear markets, particularly [more...]

Date: 2009-01-12 13:33:46

FT 4th January 2009 -Building wealth with tens of thousands of small accounts

The article below provides another practical example of microfinance, ending with the following paragraph: ... was as a gofer at Raffeisen Capital Management in Vienna. Although he was not a trainee portfolio manager, he asked the right questions. Twenty-three years later Seiler Asset Management looks after [more...]

Date: 2009-01-05 03:53:40

Gold: the glitter vs. the tarnish

I don’t know whether Wistar Holt and Larry Swedroe have ever met, but the two financial advisers are conducting a vigorous debate in my inbox ... gold prices. In the opposite corner is Swedroe, research director at Buckingham Asset Management ... . First comes a letter that Holt, a partner at Holt & Shapard Capital Management in St. Louis [more...]

Date: 2008-12-23 17:29:48

Citi breakup in sight after Morgan Stanley deal (Reuters)

NEW YORK (Reuters) – Citigroup Inc agreed to merge its Smith Barney brokerage with Morgan Stanley's wealth management unit on Tuesday, and is expected to make further asset sales to raise capital and to isolate toxic assets from the rest of the bank. Citigroup, once the world's largest bank, may announce plans on January 22 [more...]

Date: 2009-01-14 01:46:29

GoldenSource Appoints Shashank Mishra Sales Manager for India, Creating Full Service Mumbai Presence

/India PRwire/ - GoldenSource Corporation, a global software provider of enterprise data management (EDM) ... positions at Reliance Capital Asset Management, Ltd., Metlife India, Travelex, OM Kotak Mahindra Life [more...]

Date: 2009-01-07 05:45:03

IBM unleashes tools to make data 'capital asset'

IBM unleashes tools to make data 'capital asset' IT giant unveils new suite of information management software and services, alongside plans to beef up its Asia-Pacific partner network. [more...]

Date: 2008-09-04 11:39:00

Some Big Financings (and Deals) We Didn’t Get a Chance to Mention Today

Bristol-Myers Squibb is paying Zymogenetics $85M UF in cash, part of a $1 ... , Vulcan Capital, PolyTechnos Venture-Partners, Asset Management Company and Quantum Technology ... on the IguanaBio Jobs Board *Employers and recruiters: post a job here - just $10 for a 30 day listing *Read [more...]

Date: 2009-01-13 03:00:53

Hedge Funds: the bell tolls for Ospraie

A few weeks ago, I said I thought the volatility in commodity and currency markets smelled like panic ... to raise capital is by seeking a buyer for its asset management business, which would include ... to investors from the Ospraie's founder Dwight Anderson, the fund lost 26.7 percent during August, bringing [more...]

Date: 2008-09-03 22:04:41

Global Investing Roundups Friday, November 21st, 2008

GMAC Files to Become a Bank; Unemployment Nears 26-Year High; Mogul Signals Interest in Circuit City; Banco do Brasil Buying Out Rival; ... company GMAC has filed to become a bank, a shot at getting a slice of the $700 billion Troubled Asset Relief Program bailout. Private equity firm Cerberus Capital Management LP owns 51% of GMAC. General [more...]

Date: 2008-11-21 11:43:06

Citi breakup in sight after Morgan Stanley deal

Citi breakup in sight after Morgan Stanley deal  Posted by UK Economy News In UK financial news 14Jan 09 Citigroup Inc agreed to merge its Smith Barney brokerage with Morgan Stanley's wealth management unit on Tuesday, and is expected to make further asset sales to raise capital and to isolate toxic assets from the rest of the bank [more...]

Date: 2009-01-14 06:29:00

FORMER INVESTMENT ADVISOR ARRAIGNED ON SECURITIES FRAUD CHARGES

1/5/2009 FBI Press Release Atlanta, GA - FREDERICK J. BARTON, 48, of Atlanta, Georgia, was arraigned today before United States Magistrate Judge C ... advisory firms, Barton Asset Management, LLC and Twinspan Capital, LLC, both based in Atlanta [more...]

Date: 2009-01-06 20:33:26

Wall Street Breakfast: Must-Know News

Kuwait quits Dow deal. Kuwait has notified Dow Chemical (DOW) that it's pulling out of their planned $17.4B petrochemical joint venture ... .' DOW -2.5% premarket. NYT shrinks down. The New York Times Co. (NYT) is turning to asset sales ... include J.C. Flowers & Co., Dune Capital Management, and hedge fund Paulson & Co. The group [more...]

Date: 2008-12-29 12:50:18

How to Buy and Sell Real Estate with ETFs

Ron Rowland is president of Capital Cities Asset Management, and an expert on mutual funds, ETFs, and sector rotation strategies. As the co-editor of Weiss Research's International ETF Trader service [more...]

Date: 2008-12-05 20:03:53

Citigroup, the Incredible Shrinking Bank

The Citi never sleeps. Shares never awaken ... up capital. Walter Gerasimowicz, CEO of hedge fund Meditron Asset Management, said that the deal “ ... . The institution that was too big to fail is being reduced in size, both by company management [more...]

Date: 2009-01-14 16:54:54

Deals of the Day: FDIC, Which Bails Out Banks, May Need Its Own Bailout

Deals of the Day includes all the major news of the morning related to mergers and acquisitions and financing ... has told KKR, Hellman & Friedman and Bain Capital that they are the top bidders for its asset-management arm, which it has not yet decided to sell. Lehman will look for capital first, said the FT [more...]

Date: 2008-08-27 15:15:00

Trend of Activists Targeting Media Continues

Jana Partners LLC and Sandell Asset Management Corp ... I. Davis.Under pressure from activist investors K Capital Management LLC of Boston, Sun-Times Media [more...]

Date: 2008-05-15 17:47:00

Funny Cover Letter

How To Ask Stevie Cohen for a Job Are you great with Excel and looking for a job? You're not alone ... , including Cohen's SAC Capital, Griffin's Citadel, D.E. Shaw, and Balyasny Asset Management [more...]

Date: 2008-09-18 22:39:25

GMAC and Chrysler Financial: The Center of Hope

Speaking of an apocalyptic scenario, the poet William Butler Yeats wrote the line, “Things fall apart; the center cannot hold ... be their respective finance arms, GMAC and Chrysler Financial. Cerberus Capital Management is majority owner of both ... to get money through the Troubled Asset Relief Program, or TARP, which has distributed nearly $350 billion [more...]

Date: 2008-12-18 09:13:00

Citi Breakup in Sight (Reuters)

This just in from Reuters; Robert Rubin's departure from Citigroup appears to have been a prelude to this ... (Reuters) - Citigroup Inc agreed to merge its Smith Barney brokerage with Morgan Stanley's wealth management unit on Tuesday, and is expected to make further asset sales to raise capital and to isolate [more...]

Date: 2009-01-14 08:05:44

Ideas Need People to Spread

Hey, Happy New Year.  All the best for 2009. If you are reading this, ... Asset Management magazine is set to release an article by me “Introducing Social Capital Value Add” ... you have been a great source of support as I have tried to bring attention & resources [more...]

Date: 2009-01-03 16:58:38

Hedge Fund Tracking: Eminence Capital (Ricky Sandler), Q3 2008

This is the Third Quarter 2008 edition of our ongoing hedge fund tracking series ... Klarman's Baupost GroupArt Samberg's Pequot Capital Management Next up, we have Eminence Capital ... designation. Prior to Eminence, Sandler started his career as a research analyst for Mark Asset [more...]

Date: 2009-01-01 10:10:10

Structured Sales: A 1031 Exchange Alternative By Derek Phillips Vice President of Downstream Structured Sales, Inc. __________ Sell Highly Appreciated Property, Assets or BusinessesDefer Capital GainsReceive a Lifetime Income StreamHave no Property or Business Management WorriesSave a Failed 1031 Exchange [more...]

Date: 2008-12-10 21:00:01

GMAC Loosens Credit Reins After $6 Billion Treasury Loan

The U.S. Treasury has agreed to lend $6 billion to GMAC LLC (GOM), the financing arm of General Motors Corp. (GM) ... banking industry with plans to access even more funds from the Treasury’s Troubled Asset Relief ... . To raise that $30 billion, GMAC – owned by GM and Cerberus Capital Management L.P. – convinced about 75 [more...]

Date: 2008-12-31 12:20:33

GMAC Loosens Credit Reins After $6 Billion Treasury Loan

The U.S. Treasury has agreed to lend $6 billion to GMAC LLC (GOM), the financing arm of General Motors Corp. (GM) ... banking industry with plans to access even more funds from the Treasury’s Troubled Asset Relief ... . To raise that $30 billion, GMAC – owned by GM and Cerberus Capital Management L.P. – convinced [more...]

Date: 2008-12-31 16:23:22

Event: The Second Knowledge Cities Summit, 05 - 07 Nov 2009, Shenzhen, China

Date: 05 - 07 Nov 2009 Organizer: World Capital Institute Location: Shenzhen, China Since the early 1990’s, acquisition of knowledge asset and its effective management has been generally recognized ... for firms, organizations, cities and regions, and has received high attentions from governments [more...]

Date: 2009-01-12 19:14:29

Surprise!... Obama's Climate Czar Is Board Member of Major Carbon Offset Company ...Update: Her Husband Lobbied on Energy Issues

It was reported yesterday that Barack Obama picked a radical socialist as his climate czar ... of Albright Capital Management LLC, an investment advisory firm.Commenting on Ms. Browner's election ... markets. Her extensive experience and global perspective will be a tremendous asset to APX as we look [more...]

Date: 2009-01-14 00:26:00

Dow Zooms Above 9,000 on Eve of Expected Fed Rate Cut

U.S. equities rallied yesterday (Tuesday) as the U.S ... about $2 billion at Palisade Capital Management in Fort Lee, New Jersey, told Bloomberg News. “ ... in some additional buyers and short-covering,” Robert Pavlik, chief investment officer at Oaktree Asset [more...]

Date: 2008-10-29 13:49:38

Bangkok unrest hits UAE airlines

Bangkok unrest hits UAE airlines Transportation Emirates and Etihad cancel or divert flights to Thai capital after airport closed due to protests ... -out. Direct gov't action called for to support property market Real Estate Dubai real estate asset management firm RichVille blames banks for downturn in market. [more...]

Date: 2008-11-26 10:11:45

DLF Assets To Raise $450M From JPMorgan, TPG?

DLF Assets (DAL), the property fund of DLF, will raise around $450 million from a cluster of private equity investors including JP Morgan Asset Management, Texas Pacific Group and others, reports CNBC-TV18, quoting investment banking sources ... has raised $450 million from Symphony Capital, a London based investment firm in May this year. [more...]

Date: 2008-11-26 08:07:01

SAC Capital (Steven Cohen): Hedge Fund Portfolio Tracking - 13F Filing Q3 2008

This is the 3rd Quarter 2008 edition of our ongoing hedge fund portfolio tracking series ... , “SAC is a multi-strategy, private asset management firm founded by Steven A. Cohen in 1992 ... , Global Quantitative Strategies, Fixed Income and Credit, Global Macro Strategies, Convertible Bonds [more...]

Date: 2009-01-08 02:07:32

Lone Pine Capital Hedge Fund | Stephen Mendel Jr. Exclusive Tracking

Lone Pine CapitalLone Pine Capital 13F Holdings AnalysisThis post is being written as part of HedgeFundBlogger ... (AMZN) Brookfield Asset Management Inc (BAM) Cb Richard Ellis Group Inc (CBG) Entergy Corp (ETR) Google ... | Stephen Mendel Jr.:Tontine Capital Partners - Hedge Fund HoldingsHedge Fund Tracker ToolFinancial [more...]

Date: 2008-11-19 19:48:48

Eminence Capital (Ricky Sandler): Hedge Fund Tracking - 13F Filing Q3 2008

This is the 3rd Quarter 2008 edition of our ongoing hedge fund tracking series ... started his career as a research analyst for Mark Asset Management and then went on to start Fusion [more...]

Date: 2008-12-31 14:01:00

Recap of the 2nd Annual Hedge Fund Activism & Shareholder Value Summit

Last week more than 20 activist investors, who collectively manage about $50 Billion in assets ( ... Mountain Capital, NewCastle Management, Oliver Press, RLR Capital, Sandell Asset Management, Shamrock ... industry-wide consolidation.Bruce Richards, a keynote speaker from Marathon Asset Management [more...]

Date: 2008-10-01 15:58:00

20 Activist Hedge Funds Managing $40 Billion+ Will Gather in Phoenix to Compare Notes

Many of the world’s most aggressive hedge funds, along with their strategic advisers, are convening in Phoenix, ... , Lawndale Capital, Locksmith Capital, Newcastle Management, Oliver Press, RLR Capital, Sandell Asset Management, Shamrock Activist Value Fund, Steel Partners, The Children’s Investment Fund (TCI [more...]

Date: 2008-09-10 00:17:00

45 Results