Hedge funds’ favorite stocks, SAC Capital turns activist, Lee Ainslie up 20% and more
By Chris ClairWhat’s news around the hedge fund industry for Thursday, Aug. 23, 2012:
Around the web
The 45 stocks that big hedge funds love the most. (Business Insider)
IMF says bailouts Iceland-style hold lessons in crisis times. (Bloomberg Businessweek)
SEC imposes two rules for corporate transparency under Dodd-Frank Act. Industry whines. (Daily Kos)
Apple and the burden of being a behemoth. (Reuters)
Tokyo bourse wins control of Osaka Securities Exchange for $1.1 billion, set for merger. (Reuters)
OTC regulations may depress bond yields further, warns Moody’s. (IPE.com)
While GOP opposes gay marriage, key donors fund the other side. (Washington Post)
Hedge funds expand influence in fixed-income. (Futures Magazine)
Steve Cohen’s SAC Capital venturing into activist investing. (New York Post)
Swaps profits threatened by Dodd-Frank. (Financial Times)
GoldenTree Asset Management said to issue CLO with 40% allowance for bonds. (Bloomberg)
Lee Ainslie up 20% as stock hedge funds defy four-year slump. (Bloomberg)
People moves
Nomura appoints ex-Millennium Partners PM Rig Karkhanis head of fixed income for Asia ex-Japan, Jai Rajpal as global head of FX. (Deal Journal)

