Baupost Group, the hedge fund managed by Seth Klarman has investments in 18 stocks in the first quarter of 2013, based on its 13F filing with the Securities and Exchange Commission. The market value of its portfolio is more than $2.93 billion. In a letter to investors last month, he warned against the false calm in the United States and the trend of joining the bandwagon of quantitative easing (QE). Klarman said the performance...
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Hutchin Hill Capital filed its first quarter 13F with the Securities and Exchange Commission. The regulatory filings show that the hedge fund added a whopping 277 new stocks to its portfolio, increased stakes in 74 stocks, exited 218 stocks, and reduced holdings in 74 stocks. The top ten holdings of Hutchin Hill represent 19.23 percent of its portfolio. Hutchin Hill returned 2.8 percent in January when most of the other major hedge funds were...
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Toscafund Asset Management is a London-based hedge fund managed by “Rottweiler” Martin Hughes. The hedge fund said in its 13F filing for the quarter ending March 31 that it added seven new stocks to its portfolio, increased stake in three stocks, exited one stock and reduced holdings in four stocks. As of March 31, Toscafund has 16 stocks in its portfolio, and the top ten account for 98.98 percent of its total holdings. Despite worries...
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Watch Warren Buffett’s Interview Following Berkshire Hathaway’s Shareholder Meeting On Reuters Insider. Warren Buffett’s Interview Video here Other Insider videos from the conference include: - Berkshire Hathaway 2013: Berkshire’s annual meeting in 60 seconds - Top investors on what Buffett should buy next - Douglas Kass, Hedge Fund Manager on Berkshire Hathaway’s Quarterly earnings 'Get ValueWalk's Daily Edition By Email and Never Miss Our Top Stories'
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According to Brendan Conway over at Barron’s, last year investors approached hedge funds in the exact wrong way. Hedge funds in markets that performed particular well in 2012 saw their assets under management shrink last year while hedge funds involved in poor markets saw their assets swell. We’ve looked at the danger hedge funds pose to many investor’s returns before, but this information really shows there’s something wrong in the fund market. According to Conway,...
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Jeffrey Smith’s hedge fund Starboard Value LP has filed its 13-f for the first three months of 2013. The document, which shows the long positions held by the hedge fund at the end of March 2013, contains some interesting pointers for value investors trying to develop new strategies for the rest of the year. Starboard Value LP was founded by Jeffrey Smith in 2002 and looks to invest in undervalued small cap stocks with...
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The U.S. proxy advisory firm ISS has asked Hess Corp. (HES.N) shareholders to elect five new board members nominated by activist hedge fund Elliot Management. ISS’s action comes close to another proxy firm, Glass Lewis, making a similar recommendation. Hess Corp. (HES) Issued A Statement In the light of the above developments, Elliot Management Corporation, one of the largest shareholders of Hess Corp. (NYSE:HES) issued Tuesday a fresh statement to shareholders. In its SEC filing...
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As allocations to illiquid investments have grown over the last decade, so has the need for investors to manage their exposure to illiquid asset classes like private equity, private stock, and other thinly traded securities. There are firms that help provide secondary markets for illiquid offerings. This also ties into so called Zombie funds. One firm that provides private equity secondary offering services is Alp Invest, based in Amsterdam. The firm facilitates return of...
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Glenrock Global Partners returned a decent 1.2 percent in March, however the Q1 returns just came up to 0.6 percent. Glenrock’s luck has been down in the past few years, and the annualized return for the last three years is now -4.8 percent. Glenrock is seeing some traction in its short portfolio which has been under-performing in the past and is also up on its Japan portfolio. GlenRock structure changes Glenrock has made major...
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The fund run by the world’s oldest active institutional investor has made public its 13-F filing for the first quarter of 2013. The company shows $678,710,208 under management at the end of the first quarter in this filing, which only covers long equity bets, compared to $576,176,273 at the end of 2012. In this quarter, some of the company’s biggest bets made up the majority of the long portfolio. Merck & Co., Inc. (NYSE:MRK)...
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Highfields Capital, a U.S. hedge fund wants Tim Hortons Inc. (NYSE:THI) (TSE:THI) to boost shareholder returns by taking on new debt to buy back its stock besides scaling back its U.S. expansion. Highfields Capital Intent The Boston-based activist investor Highfields Capital wants the coffee shop chain Tim Hortons Inc. (NYSE:THI) (TSE:THI) to spin off or sell its distribution business, create a real estate investment trust to house its property assets and bring in some new directors who...
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