Friday, December 2, 2016

Hedge Fund Links ~ 12/2/16


Summary of the Robin Hood conference: Einhorn, Tepper, Druckenmiller etc [ValueWalk]

Profile of Renaissance Technologies' secretive Medallion Fund [Bloomberg]

Reflections on the Trump Presidency, after the election [Ray Dalio]

How T. Boone Pickens sits tight in the riskiest of businesses [NYTimes]

The next generation of hedge fund stars: data-crunching computers [NYTimes]

Treasury officials are warning hedge funds could create the next big crisis [Vox]

Bill Ackman's 2016 fortune: down, but far from out [NYTimes]

Omega's Einhorn sees Trump's policies boosting stocks [Reuters]

Tourbillon's Jason Karp says Trump will make stock pickers great again [Reuters]

John Paulson got Trump elected and now has favor to ask [Vanity Fair]

Jim Chanos says Valeant was biggest loser ever for hedge funds [CNBC]

Credit Suisse said raising $2 billion for hedge fund stakes [Bloomberg]

Tyrian Investments to close [Reuters]

Hedge fund strategies no longer correlated with equity returns [Investing]

Female fund managers are a rarity across the globe [Morningstar]

This is why alternatives are worth it [ValueWalk]


Fairholme Capital Adds To Sears Canada Position

Bruce Berkowitz's investment firm Fairholme Capital has filed a 13D on shares of Sears Canada (SRSC).  Per the filing, Fairholme now owns 20% of SRSC with 20.37 million shares.

This is an increase of 153,354 shares since the end of the third quarter.  The filing was made due to activity as recent as November 29th with the bulk of their purchase coming at $1.79 per share.

You can view the rest of Fairholme's equity portfolio in the new issue of our newsletter here.

Per Yahoo Finance, Sears Canada "operates as a multi-format retailer in Canada. It operates department stores that offer a range of merchandise, including apparel, home fashions, and appliances; home stores, which provide home furnishings, appliances, and home electronics; outlet stores that sell surplus merchandise."