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Early Bird Discount to Value Investing Congress Expires TOMORROW: Hear Picks...
The Value Investing Congress has a huge line-up of big-name hedge fund managers presenting their latest investment ideas next month in New York City. Market Folly readers receive the early bird...
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Dan Loeb's Third Point: AIG Now a Top Holding (August Exposure Report)
Dan Loeb's Third Point Offshore Fund was up 1.8% for August and 7.3% year-to-date at that time. Now managing almost $4.7 billion, Third Point's August exposure report reveals that American...
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Strategist Jeff Saut on Performance Anxiety
As the market continues to rally and hit new 52-week highs, strategist Jeff Saut is out with his latest commentary prudently entitled, "Performance Anxiety." Saut has recently advocated that stocks...
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Bill Ackman on Why He Sold Citigroup (C)
In late June/early July, Bill Ackman's hedge fund Pershing Square Capital Management liquidated its stake in Citigroup (C). In his second quarter letter to investors, Ackman detailed why. We wanted to...
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Soros Fund Reveals Guinness Peat Group Stake
Playing catchup on some European regulatory filings, we find that George Soros' hedge-fund-turned-family-office Soros Fund Management has recently submitted a filing on Guinness Peat Group (LON: GPG)....
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Steve Mandel's Lone Pine Capital Starts Dunkin' Brands Position
Steve Mandel's hedge fund firm Lone Pine Capital yesterday after market close filed a 13G with the SEC regarding Dunkin' Brands Group (DNKN), purveyors of the well-known Dunkin' Donuts chain. Per the...
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Bruce Berkowitz's Investment Thesis on Sears: Case Study
Fairholme Capital's Bruce Berkowitz has released numerous case studies about his investments in the past and one of his latest features his investment thesis on one of his largest positions: Sears...
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Eminence Capital Bullish on Google: Q2 Letter Excerpt
Ricky Sandler's Eminence Capital is having a good year as they finished the second quarter up 0.1% net and year-to-date at that time were up 14.8% net. This beats the S&P which returned 9.5% over...
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Peter Lynch on Using Your Edge: Timeless Advice For Investors
A reader sent us an old article from Peter Lynch entitled "Use Your Edge." If you're unfamiliar, Lynch is a well-known fund manager that ran billions in Fidelity's Magellan Fund for a long time and is...
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The Case For Shorting Manchester United (MANU)
Today we present a guest post from Barbarian Capital (follow them on Twitter as well) with the case for shorting English Premier League football club: Manchester United (MANU). Shares recently IPO'd...
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Valeant Pharmaceuticals Thesis From Ruane Cunniff & Weitz Funds
We've seen past commentary from multiple managers on shares of Valeant Pharmaceuticals (VRX) and thought it was worth highlighting given that numerous respected managers own it. Hedge Fund Activity As...
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Interesting Facts About Gold
Given that Federal Reserve Chairman Ben "Helicopter Make it Rain Dollar Bills" Bernanke just announced QE3 (quantitative easing) that sent the price of gold higher yesterday, we were sent an...
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Ray Dalio In-Depth Interview on a Myriad of Topics
Bridgewater Associates founder Ray Dalio recently gave an hour-long interview at the Council on Foreign Relations where he touched on a myriad of macro, economic, and investing topics. It's rare to get...
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Strategist Jeff Saut On the Philosophy of Market Tops
Last week we highlighted commentary from market strategist Jeff Saut on performance anxiety that sets in when managers are underperforming their benchmarks. This commentary was timely given that the...
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Farallon Capital Discloses New Stake in Horizon Pharma
Thomas Steyer's hedge fund firm Farallon Capital has just now filed a 13G on shares of Horizon Pharma (HZNP). This is a brand new position for the hedge fund as they did not report ownership back in...
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Children's Investment Fund on News Corp, Union Pacific & Walt Disney: Q2 Letter
The Children's Investment Fund manages approximately $4.7 billion and has returned 15.7% annualized. Year to date through the end of the second quarter, they were up 16.39%. Founded by Christopher...
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Children's Investment Fund: Thesis on Safran, New Position
Yesterday we posted on commentary from Children Investment Fund's Q2 letter. Today, we're highlighting a write-up from Christopher Cooper-Hohn on one of the fund's newer investments: aerospace...
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Peter Lynch's Principles & Golden Rules of Investing
Peter Lynch ran Fidelity's Magellan Fund for 13 years and was regarded as one of the most successful investors during his tenure. Lynch outlines the broad gist of his investment philosophy with various...
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Morgan Creek Capital Asks: Is China A Real Estate Bubble?
Michael Hennessy, Managing Director at Morgan Creek Capital Management, has penned an interesting piece entitled, "China: A Real Estate Bubble, Or No Trouble?" In it, he dives into the hot debate and...
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Glenview Capital Adds to Tenet Healthcare Position: Why They Like THC
Larry Robbins' hedge fund Glenview Capital just filed an amended 13G with the SEC regarding their position in Tenet Healthcare (THC). Per the filing, Glenview has now disclosed a 12.68% ownership stake...
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