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Top hedge funds flocked to Allergan amid bid backed by Ackman
By Reuters
08/15/2014 3:40:26 PM ET

BOSTON (Reuters)—Billionaire investor William Ackman, who often says he is flattered when others follow him into a stock he likes, was joined by several prominent hedge funds that made new bets on takeover target Allergan Inc. during the second quarter.
Paulson sticks with gold bets again in second quarter
By Reuters
08/14/2014 5:30:32 PM ET

NEW YORK (Reuters)—Hedge fund Paulson & Co. maintained its stake in the world's biggest gold-backed exchange-traded fund, SPDR Gold Trust, in the second quarter, while Soros Fund Management sharply boosted his investment in gold mining stocks.
Top U.S. hedge funds up Dollar General, Walgreen stakes
By Reuters
08/14/2014 4:02:06 PM ET

NEW YORK (Reuters)—Top U.S. hedge fund managers did some shopping for shares of discount retailer Dollar General Corp. and drug store operator Walgreen Co.
Small holding could trigger big acceleration on Argentina bonds
By Reuters
08/14/2014 5:24:19 PM ET

NEW YORK (IFR)—Owning just $25 million of bonds may be all it takes to accelerate payments on $30 billion of Argentina's restructured debt, if holders of a particularly small series of New York-law Pars decide to pull the trigger. Among all the bonds eligible to be accelerated, one Par in particular – the U.
Acceleration threatens to make Argentina holdout crisis messier
By Reuters
08/13/2014 11:40:52 AM ET

NEW YORK (IFR)—Holdout investors' legal battle with the Argentine sovereign could get a lot messier should holders of newly defaulted debt decide to declare principal and interest immediately due. The move, known as acceleration, could push Argentina into a new restructuring on up to $30 billion in debt and significantly complicate efforts to put its decade-long debt woes to rest.
Fund managers turn gumshoe as forensic short-selling pays off
By Reuters
08/12/2014 2:16:54 PM ET

LONDON (Reuters)—Fund managers are increasingly turning to investigative tactics, detailed accounting analysis and corporate sleuthing in a bid to uncover skeletons in company closets that can offer an investment edge in a low-yield world. While billionaire investors such as William Ackman and David Einhorn have made such tactics famous by respectively betting against nutrition group Herbalife – which denies Ackman's allegations it is a pyramid scheme – and Lehman Brothers in 2008, the broader industry is now adopting them.
Russia CDS trading booms following sanctions
By Reuters
08/08/2014 4:58:38 PM ET

LONDON (IFR)—Trading in Russian sovereign CDS has almost doubled since the start of the year, as U.S. and EU sanctions have steadily ramped up pressure on the Russian economy.
Markets scramble to find answer to Argentina default
By Reuters
08/08/2014 1:30:13 PM ET

NEW YORK (IFR)—Investors, bankers and legal experts are scrambling to find ways to end Argentina's decade-long legal dispute with holdouts before acceleration complicates the situation for all parties involved. An all-inclusive debt exchange, a buyback of debt held by holdouts and a waiver of the controversial RUFO clause are all ideas being pushed forward.
Hedge funds hit by RMBS margin calls
By Reuters
08/08/2014 1:14:04 PM ET

NEW YORK (IFR)—Several hedge funds have received margin calls in recent days on their holdings of risk-sharing RMBS bonds from Freddie Mac and Fannie Mae, market sources told IFR. The sources said the margin calls were met, but the event still unnerved the structured finance market, which has again become reliant on cheap leverage to sustain momentum.
Och-Ziff reports record assets that help boost earnings
By Reuters
08/05/2014 3:34:45 PM ET

BOSTON (Reuters)—Och-Ziff Capital Management Group LLC, one of a handful of publicly listed hedge fund firms, reported higher quarterly earnings on Tuesday [Aug. 5] as assets rose to a record amid fresh demand for portfolios investing in real estate, stocks and credit.
Greenlight's Einhorn says still cautious, macro bets weigh
By Reuters
08/05/2014 4:46:33 PM ET

NEW YORK (Reuters)—David Einhorn, head of hedge fund firm Greenlight Capital, said Tuesday [Aug. 5] that he remained cautious on the stock market and that second-quarter investments suffered slightly from short bets against French bonds and the Japanese yen.
Jana Partners, Greenlight Capital report losses for July
By Reuters
08/01/2014 1:24:05 PM ET

BOSTON (Reuters)—Hedge fund managers Barry Rosenstein and David Einhorn, like many other investors, were hurt by last month's late but sharp stock market selloff and are reporting losses for July, investors who saw their performance numbers said. Rosenstein's Jana Partners funds lost 1.
High-yield investors welcome volatility
By Reuters
07/31/2014 6:59:48 PM ET

NEW YORK (IFR)—High-yield bankers will unleash a barrage of deals over the next two weeks, even though big outflows and rate rise fears have put the asset class in its most volatile state in months. With more than $5.
Oil bull Hall's fund up 20 percent at half-year, outpacing rivals
By Reuters
07/31/2014 4:05:28 PM ET

NEW YORK (Reuters)—Famed oil trader Andrew Hall's more than $3 billion hedge fund was up nearly 20 percent at the half-year mark, sharply outpacing its rivals in one of the best performances of its seven-year history, data obtained by Reuters showed on Thursday [July 31]. The feat came as Occidental Petroleum Corp.
Elliott Management discloses bigger Juniper stake, tight-lipped on Argentina
By Reuters
07/29/2014 2:44:05 PM ET

BOSTON (Reuters)—Hedge fund Elliott Management told investors that it added to its stake in Juniper Networks last quarter and sees opportunities in real estate securities in Europe, but it said little about two positions making headlines – Argentinian bonds and EMC Corp. During the first half of 2014, the Elliott Associates portfolio gained 4.
Ex-Citi FX trading head Prasad readies macro hedge fund
By Reuters
07/28/2014 4:40:45 PM ET

LONDON (Reuters)—Former global head of foreign exchange at Citigroup, Anil Prasad, is preparing to launch his own hedge fund in the first quarter of 2015, three sources familiar with the matter said. The launch comes as global regulatory changes restrict banks from trading with their own money, prompting so-called proprietary desk traders to strike out on their own.
Greenlight Capital details short bets, still likes Apple
By Reuters
07/25/2014 4:55:56 PM ET

BOSTON (Reuters)—Hedge fund manager David Einhorn, whose picks are closely watched on Wall Street, said he is betting against supermarket chain Safeway Inc. but still likes his biggest holdings, including Apple Inc.
Argentina and holdouts play chicken
By Reuters
07/25/2014 1:25:47 PM ET

NEW YORK (IFR/Reuters)—The prospect of a technical default by Argentina is looming as the government and holdout investors stare each other down in a very public battle of nerves ahead of the expiration of a grace period for debt payments on July 30. Efforts this week by U.
In the big bank asset sell-off, clarity is key: UBS chief
By Reuters
07/24/2014 2:11:15 PM ET

LONDON (Reuters)—When Sam Molinaro took on the job of shifting unwanted assets for UBS – all 430 billion Swiss francs ($480 billion) worth of them – his phone began to ring ceaselessly and his meetings diary filled up fast with potential buyers. Unfortunately, many of those chasing him left disappointed.
Puerto Rico debt crisis headed for U.S.-style bankruptcy resolution
By Reuters
07/23/2014 3:15:40 PM ET

NEW YORK (Reuters)—Momentum is building toward a deal that would make painful losses inevitable for investors holding about $20 billion in bonds issued by Puerto Rico's highway, water and electricity authorities even as some big U.S.






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