Luxor Capital Buys Hemisphere Media Stake From Hawkeye Capital

Luxor Capital, a multi-billion dollar hedge fund owned by Christian Leone, recently bought the majority of Hawkeye Capital’s stake in Hemisphere Media Group Inc (NASDAQ:HMTV). Luxor Capital owned roughly 3.24M shares of HMTV as of 6/30/2011; as of today they own 4.55M shares. Hawkeye, which is a very eclectic hedge fund run by Richard Rubin, essentially has sold their entire stake in Hemisphere Media Group Inc (NASDAQ:HMTV), having once held 2.08M shares.  Hawkeye has been very cautious on the stock market since early 2007, holding roughly 60% cash going into the 2008 crash. It has remained cautious and skeptical of…