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Mount Vernon Investments president Nicholas Merrick proves that running a hedge fund has a lot in common with picking racehorses: Both endeavors rely on a keen understanding of background and pedigree, and an eye for what makes unproven candidates winners.
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Dan, You’re Boring Me
Is Dan Loeb losing his edge? He's best known for his sometimes antagonistic, in-your-face activist positions. But lately, he's been just another boring, successful, rich hedge fund manager.
Icahn Ramping Up Motorola Stake
Carl Icahn, who is juggling a number of activist investments right now, has upped his stake in Motorola again, to 9.9 percent.
Hedge Funds Missed Big July Move
An early look at July data shows that most long-short equity, multi-strategy and macro funds greatly lagged the major indexes for the month.
Third Act for Matthew Andresen's Career
Since leaving Citadel last year, Matthew Andresen is on to his third act. He and two Citadel alumni have formed their own technology-focused trading business.
Hedge Fund Managers Top Tabloid Headlines
At least four different high-profile managers have been dragged into the headlines for reasons that have nothing to do with how well or poorly they invest or where they think the market is headed.
Hedge Fund Manager Paul Greenwood Pleads Guilty
Paul Greenwood pled guilty in Manhattan federal court this week to six charges, including conspiracy, securities fraud, commodities fraud, wire fraud, and money laundering for misappropriating $554 million in client funds.
SEC to Address 'Empty Voting'
"Empty voting" is a practice favored by some activist hedge funds to boost their voting power in a company without putting up much money. The SEC wants to determine whether it is being used to inappropriately influence corporate voting results.
Capital eBook: Man, GLG Merger
Second in a series of five Capital eBooks looks inside the events that led to the Man Group, GLG Partners mergers. Access the latest Capital eBook to read additional capital feature stories from Institutional Investor Magazine.
Pequot Whistle-Blowers Get $1 Million From SEC
A whistle-blower couple was awarded $1 million by the SEC for providing critical information in the alleged Pequot Capital Management insider trading case involving Microsoft securities.
Tough Year for Tiger Cubs
Julian Robertson is mulling a "seeding" fund or a fund of hedge funds for outside investors, but his timing may not be that great. Many of his Tiger cubs — former fund managers — are struggling and are among the worst-performing hedge funds.
Renaissance Funds Lead the Way In First Half
A large number of high-profile hedge funds lost money in June. But the best performers in June, as well as for the year, are the funds managed by James Simons’ Renaissance Technologies.
Lions Gate Blinks in Busy Week for Icahn
Last week, the Lions Gate movie studio, embroiled in a vicious fight to fend off takeover attempts by corporate raider Carl Icahn, announced some sort of a truce.
Stock Picker: Betting on Hedge Funds and Horse Racing
Mount Vernon Investments president Nicholas Merrick proves that running a hedge fund has a lot in common with picking racehorses: Both endeavors rely on a keen understanding of background and pedigree, and an eye for what makes unproven candidates winners.
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