Anthony Bozza's Lakewood Capital was up 10.7% net for the second quarter. At the end of June, the fund was 107.4% long and 44.9% short for a net equity exposure of 62.5%. Lakewood was also 1.1% long and 8.8% short fixed income securities, resulting in a net fixed income exposure of -7.7%. The fund's top five positions were 23% of equity capital, while its top 10 positions were 38% of equity capital.
Michelle Jones was a television news producer for eight years. She produced the morning news programs for the NBC affiliates in Evansville, Indiana and Huntsville, Alabama and spent a short time at the CBS affiliate in Huntsville. She has experience as a writer and public relations expert for a wide variety of businesses.
IEX, the "anti-establishment" stock trading venue made famous by author Michael Lewis, is seeking additional working capital from venture capital and private equity firms, the Wall Street Journal is reporting. Regulatory... read more
In 2009 Martijn Cremers from the University of Notre Dame and Antti Petajisto New York University (NYU) published a research paper introducing a new method for evaluating active fund... read more
After months of campaigning, UK has finally decided to leave the European Union. A risk-off mentality has now gripped financial markets around the world as investors and traders wait... read more
With the S&P 500 down over 11 points today – breaking an odd string of low volatility, sideways trading in a tight range price range dating back more than... read more
Echoes Of 1999: The Tech Bubble And The "Asian Flu" by Rob Arnott, Research Affiliates Key Points Conditions now parallel the late 1990s as inflation expectations plunge, emerging market currencies... read more
As the U.S. Justice Department announces charges against Iranian-backed computer hackers, many of whom are accused of disrupting the U.S. financial system as well as endangering critical infrastructure, Google’s... read more
Hedge funds did a bit better last month in terms of performance-based gains, but unfortunately investor outflows continued, according to data from Eurekahedge. Overall the Eurekahedge Hedge Fund Index... read more
Herbalife Ltd. (NYSE:HLF) released its earnings report for the three months through September this afternoon after the market closed on Wall Street. The company showed earnings per share of... read more
The major focus of stock market investors since the Donald Trump election has been on positive factors for stock prices, such as regulatory reform and, specifically, Trump tax reform.... read more
Hilton Worldwide Holdings, owned by The Blackstone Group L.P. (NYSE:BX), filed for an IPO to raise at least $1.25 billion. The most closely watched IPO could value Hilton at about... read more
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