Seth Klarman's Baupost Group has returned 1.39% year to date, according to our sources with direct knowledge of the matter. The fund had a better return for Q1, before experiencing a 1.2% decline in the second quarter. In terms of allocation, we have the first detailed insight into what...
We have just obtained Daniel Loeb's Third Point LLC second quarterly letter. Loeb has approximately $8.7 billion under management. In the letter, Loeb discusses Europe and various equity and credit positions the hedge fund holds. Loeb does not mention his fourth largest position, Chesapeake Energy anywhere in the letter. Below...
The media and entire tech world was waiting today for a big announcement by Microsoft Corporation (NASDAQ:MSFT). Intial rumors last week speculated that Microsoft might be launching a new tablet to compete with Apple Inc. (NASDAQ:AAPL)'s popular iPad. Although Microsoft dominates the PC industry, it has little presence in the rapidly...
FOX Business Network (FBN) Senior Correspondent Charlie Gasparino is reporting that NASDAQ OMX Group, Inc. (NASDAQ:NDAQ) is going to announce a settlement with investors who lost money on the Facebook Inc (NASDAQ:FB) IPO tomorrow. Sources tell Gasparino “they are going to pay more than the $13 million” and “maybe as high...
The treasury market has been back and forth all year long so far. First, we saw that huge rally that recently ended but it gave investors the belief that domestic policies were solid and Europe was stable. As the months rolled by, we began to notice that domestically, conditions...
Byron Capital Markets is out with a good need dose of reality and humor on the Facebook Inc (NASDAQ:FB) IPO. The firm compares the valuation of Facebook to eight other tech giants and shows how absurd the numbers for Facebook are. They challenge readers to use any numbers in...
Morgan Stanley (NYSE:MS) and Goldman Sachs Group, Inc. (NYSE:GS) were the underwritters for the infamous Facebook Inc (NASDAQ:FB) IPO debacle. The lawsuit claims that investors were misled in the purchase of the IPO. Morgan Stanley and Goldman set the offering price at $38 a share. The stock jumped at the open on...
Bridgewater Associates, is the world's largest hedge fund with over $125 billion. The firm is run by CEO Ray Dalio, who shared a lot of previously unknown insights (more…)
Tomorrow, Wednesday May 16th from 12PM-6PM EST we will be providing live coverage of the Ira Sohn Conference. The goal of the conference is to raise money for pediatric cancer research. Each speaker at the conference pitches their favorite investment (usually equity) idea. Here is the all-star lineup of some...
Baupost Group LLC is a $24 billion hedge fund run by famous value investor Seth Klarman. The hedge fund which likes to maintain tight secrecy, has come in the public eye over a lawsuit filed against Bank of America, and for their investment in a Mega-quarry in Ontario. Sources familiar...
We heard yesterday that the first sell-side report came out on Facebook. This is unusual as most firms do not issue reports before the IPO. Unsurprisingly, the report, which came from Wedbush Research, had a buy on the stock. Reports on the company's IPO have also come from Sterne Agee,...
We have provided extensive coverage of the Berkshire Hathaway Inc. (BRK.A) (BRK.B) annual meeting with extensive coverage on Warren Buffett, Charlie Munger, and more. We also posted notes from some speakers at Robert Miles Conference. More will be posted today and tomorrow. Additionally we posted notes from Tom Gayner's Markel conference. Finally, we...
We just obtained Third Point's letter to Yahoo! Inc. (NASDAQ:YHOO) Board of Directors. This letter just crossed the wire and will be up on the ValueYahoo.com website shortly. The letter attacks the qualifications of the CEO, Scott Thompson, and alleges that Thompson has falsified his college records. Yahoo! Inc. 701 First Avenue Sunnyvale, CA 94089 Dear Board...
From Whitney Tilson of T2 Parters: Our fund rose 1.5% in April vs. -0.6% for the S&P 500, +0.2% for the Dow and -1.4% for the Nasdaq. Year to date, our fund is up 25.8% vs. 11.9% for the S&P 500, 9.0% for the Dow and 17.2% for the Nasdaq. On the long...
Daniel Loeb’s Third Point Avenue, flaghship hedge fund, was down 0.1% in March. The year to date return is 6.4%. The hedge fund currently has $4.7 billion in AUM. The total assets of the firm is currently, $9.0 billion. Loeb’s exposure barely changed from last month. The hedge fund is 69%...
Armored Wolf, LLC was formed by John Brynjolfsson in 2008. The firm is based in Orange County, California. Armored Wolf, LLC was formed by John Brynjolfsson in 2008. The firm is based in Orange County, California. Prior to forming Armored Wolf, Mr. Brynjolfsson spent 19 years at PIMCO where he...
After the biggest (in lost value) and longest (in years) housing downturn in history, U.S. property markets are finally beginning to show signs of consistent recovery. When the subprime mortgage market completely collapsed in 2008, the most significant immediate impact was felt in the credit markets. Most casual investors are...
Investment banking is not a field one thinks of as "dangerous." When the word danger comes to mind people tend to think of professions in coal mines, Nuclear Reactors, Navy seals etc. However sitting in the office of Goldman Sachs and working on an IPO does not usually come...
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