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Money Ball: 8 Hedge Fund Managers Who Own Pro Sports Teams
Friday, December 6, 2019 - 12:58pm | 675Read More...Hedge fund billionaire Steve Cohen, CEO of Point72 Asset Management, is in talks to boost his ownership in the New York Mets baseball team to a majority stake, perhaps bringing more of a Wall Street vibe to the team out in Queens. If the deal is completed and Cohen becomes the main owner in five...
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Top Ideas From Delivering Alpha
Thursday, September 15, 2011 - 11:41am | 1025Read More...Tyler Mathisen of CNBC hosted a panel yesterday at the CNBC/Institutional Investor "Delivering Alpha" conference with six of the brightest minds in the hedge fund world, and asked them for some of their best investment ideas. Up first was Kyle Bass from Hayman Capital, and his idea was to short...
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New York Times Jumps 5.5% On High Volume (NYT)
Monday, November 22, 2010 - 3:20pm | 113Read More...Shares of The New York Times Company (NYSE: NYT) are higher on the session by 5.50%, currently trading at $8.63. The stock is seeing huge volume as well with shares turning over 10.8 million times; that is 6.05x the 10-day daily average volume and 8.5% of the float. It is rumored that one of the...
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Harbinger Capital's Phil Falcone Makes Unreal Bet
Thursday, August 26, 2010 - 12:09pm | 455Read More...Phil Falcone made over a billion dollars betting against subprime mortgages in 2007. He manages the $8 billion Harbinger Capital hedge fund. Falcone's newest bet is astounding in its riskiness and could blow up in his face in spectacular fashion. According to a blockbuster Reuters article,...
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Palm Falls…Again; Puts Purchased…Again
Monday, April 19, 2010 - 10:30am | 130Read More...Palm (NASDAQ: PALM) is selling off again this morning, currently trading lower by 7.16% to $5.19. This action comes after Morgan Keegan & Co downgraded the stock to “Underperform.” Travis McCourt, analyst for Morgan Keegan, believes that the company is unlikely to negotiate a buyout and that...
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Falcone's Harbinger Capital Buys 9.5% Stake In Palm (PALM)
Wednesday, April 14, 2010 - 3:36pm | 365Read More...The shares of troubled smartphone manufacturer Palm Inc. (NASDAQ: PALM) are getting a boost today as Philip Falcone's Harbinger Capital Partners has disclosed a new 9.5% stake in the company. On the day, PALM shares have gained 5.43% and are currently trading at $5.44. The stock has been...
