Hottest links for Thursday November 14th, 2013 the EXTREMELY late edition (see Wednesday’s edition of hottest links). Get our free daily newsletter (which HAS BEEN RECENTLY UPDATED) and never miss a single linkfest. Also…. soon if you sign up you will get a free copy of our new e-book on value investing. Stay tuned for the news.
Top stories for today are included below. Lots of hedge fund 13F data and there is even more coming please check back or just sign up for our email. All the big names Paulson, Pershing, Greenlight, Soros etc. have reported below are just a few 13F filings. We will also have a round up tomorrow of the notable buys in one post.
Hedge Funds Third Quarter 13F-Filings
Viking Global sells Apple Inc. (NASDAQ:AAPL), The Boeing Company (NYSE:BA); buys Yahoo! Inc. (NASDAQ:YHOO), Facebook Inc (NASDAQ:FB). [Tabinda Hussain, ValueWalk] Gardner Russo & Gardner buys Brown-Forman Corporation (NYSE:BF.A) (NYSE:BF.B), sells The Procter & Gamble Company (NYSE:PG), BP plc (ADR) (NYSE:BP) (LON:BP). [Paul Shea, ValueWalk] Blue Ridge Capital 13F filings; buys BlackBerry Ltd (NASDAQ:BBRY) (TSE:BB), Tesla Motors Inc (NASDAQ:TSLA), Cliffs Natural Resources Inc (NYSE:CLF). [Marie Cabural, ValueWalk]
Hottest Links: Stories
Value Investing
Human Psychology in Economics
In a must read book, “Financial Whirlpools: A Systems Story of the Great Global Recession”, the author Karan L. Higgins, expounds on a variety of disciplines to take a systems view of the “Great Recession” and the housing bubble. [Chetan Parikh, CapitalIdeasOnline.com]
Funds
What Drives the S&P 500 Equal-Weight Premium?
First, a detailed analysis of the S&P 500 equal-weight index against the S&P 500 value-weight index from Jan 1963 through September 2013. [Wesley R. Gray, Turnkey Analyst]
Maglan Capital Up 40% Year-To-Date
New York-based hedge fund Maglan Capital gained 4.12% during the month of October, bringing its year-to-date returns to 39.82%. [David Tawil, FINalternatives]
Whitney Hedge Fund Wins Backing From BlueCrest Principals
Meredith Whitney, the Wall Street analyst who forecast a flood of U.S. municipal-bond defaults in 2010 that hasn’t materialized, won backing from billionaire Michael Platt and other partners. [Saijel Kishan and Max Abelson, Bloomberg]
Report Gauges US Investor Sentiment Toward HFs
Deutsche Bank Markets Prime Finance says Boston investors remain keen on hedge funds, Southern U.S. investors are keen on hedge fund-like mutual funds and Texas investors are active but at varying stages of hedge fund allocation. [FINalternatives]
Q&A With Maz Jadallah, Founder And CEO, AlphaClone
Maz Jadallah, a former Time Warner analyst, solved this problem in an analytical way: using 13F forms to identify the high-conviction ideas of hedge fund and institutional money managers, then cloning those ideas in a series of managed accounts (and, as of last year, an ETF). [FINalternatives]
High-Quality, Low-Leverage Companies Should Benefit from Tapering
Portfolio Manager and Principal Francis Gannon discusses how we define quality at Royce, shifts in market performance due to Fed intervention, and our resolute confidence in higher-quality small-caps, especially in an environment of ongoing economic uncertainty. [Francis Gannon, TheRoyceFunds]
Misc
Why I Don’t Watch CNBC, and Why Even You Shouldn’t
The biggest problem with business channels is that they have a ‘view’ (a reason) for every market move. We can easily draw a correlation between the amount of time you spend watching business channels and the number of stocks you buy/sell every month or year, thereby making your broker rich. [Vishal Khandelwal, The Safal Niveshak Post]
Not a bubble
Snapchat, a rapidly growing messaging service, recently spurned an all-cash acquisition offer from Facebook Inc (NASDAQ:FB) for close to $3 billion or more, according to people briefed on the matter. [Evelyn M. Rusli and Douglas MacMillan, Digits]
A Whole New Group Of Countries
In a new column for Bloomberg View, Former Goldman Sachs Group Inc (NYSE:GS) economist Jim O’Neill presents a new potential investment destination: the “MINT” economies. [Matthew Boesler, Business Insider]
The “Chilling Effect”: No One Important Wants The Auditor’s Opinion
The PCAOB will ask its Standing Advisory Group today and tomorrow to discuss two important new auditing standards, proposed for comment last August 13. [Francine McKenna, re: The Auditors]
Inflation Is Dead? Not Everywhere
“Inflationistas” appear to have lost the debate: zero interest rates and trillions of dollars in money-printing have produced no realistic threat of global inflation. [Michael J. Casey, MoneyBeat]
Big Investment Banks Could Face $100 Billion in Civil Litigation Costs
KBW, Inc. (NYSE:KBW) says that JPMorgan Chase & Co. (NYSE:JPM) —which is expected to announce a $13 billion settlement with the Justice Department and other regulators—is its top global investment bank pick, along with Societe Generale SA (ADR) (OTCMKTS:SCGLY) (EPA:GLE). [Saabira Chaudhuri, MoneyBeat]
Hottest Links: Not The Onion
George Clooney Is the Best Celebrity (Says George Clooney)
In a new profile in Esquire,George Clooney—with the help of Tom Junod—takes the time to essentially explain why he, George Clooney, is a good celebrity. As opposed to, say, someone like Leonardo DiCaprio. [Esther Zuckerman, TheAtlanticWire]
