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one day young grasshopper you shall realize and change your name to patiencechick and no longer be known as riskychick. =)
Yeah I typed the question before I read that. Sorry but thank you
3days*
What counts as a purchase? The first number of shares or do they set a target and then once they reach that target they have 10 days to file?
Obit, do you have any info on when hedge funds are required to disclose holdings?
is that when icahn releases his 13-D?
i want to know how many shares Icahn has accumulated now! =(
great close today
Joke
Head
=p
do you really want the macd to cross again? last time it crossed we went for a 3 week losing streak =) haha
13 trading days since we last closed above 0.51. today we closed at 0.52
Funny how they don't mention the main reason why--good ole fannie n' freddie
Ackman's hedge fund Pershing Square surges 25% in first half
40 Mins Ago
Reuters
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Bill Ackman
Adam Jeffery | CNBC
Bill Ackman
Activist investor William Ackman's main fund climbed 25 percent during the first half of 2014, ranking the billionaire as one of this year's top hedge fund industry performers.
Ackman told clients of his Pershing Square Capital Management hedge fund that its main portfolio rose 2.4 percent in June, putting the fund up 25 percent for the year, according to two investors.
The performance marks a huge comeback for Ackman from 2013, when big losses on Herbalife and JCPenney hurt the portfolio. In last year's first half, the fund was up roughly 6 percent.
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Strong gains in its top holdings, including Canadian Pacific, Air Products & Chemicals and Burger King Worldwide helped fuel the rise. Ackman has spent much of June trying to convince pharmaceutical company Allergan, in which he is the biggest investor, to sell itself to rival Valeant Pharmaceuticals, with which he is working to negotiate a deal.
As the battle for Allergan rolls on, it has taken some of the spotlight away from Herbalife Ackman's high-profile short bet. In June, Herbalife's share price climbed, even though it is still down for the year.
Many hedge fund managers are still compiling half-year performance data. But Ackman, with something to brag about, has been quick to release his numbers to clients.
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Hedge fund results are often closely guarded secrets, so information on how prominent managers performed is often seen as a bellwether for industry returns. The average hedge fund gained 1.77 percent in the first half of 2014, according to Hedge Fund Research.
Pershing Square now manages $14.7 billion, up from $11.2 billion a year ago, for wealthy clients and pension funds, including New Jersey's state retirement fund and the Arkansas Teacher Retirement System.
"When you are with the best of the best, there is no being excited about these numbers,'' George Hopkins, executive director at Arkansas Teacher Retirement System, said of the returns. "It just confirms what you already knew. Brilliant people will make you money over time.''
http://www.cnbc.com/id/101811574
if MVN.V can close at 0.52 i would be happy
Sup bruh?
Do you have the document by chance?
Have you read the summarized bill off Jim Himes website?
http://himes.house.gov/press-release/delaney-carney-and-himes-announce-housing-finance-reform-proposal-plan-introduce
Winding Down Fannie and Freddie
The Director of the FHFA will oversee the discontinuance of the Enterprises’ ability to issue, guarantee, or purchase any mortgage-backed securities.
After the Ginnie Mae platform is established, the Enterprises will operate as one of the several anticipated monoline insurers and one of the several anticipated private reinsurers for a five year period.
By the end of the five year period, the FHFA Director will ensure that the total market share of mortgage-backed securities insured by the Enterprises in either of these capacities will not exceed 30 percent of the total market share.
Blackrock increased their shares by 6 million! I can't wait to find out how much Icahn has.
http://data.cnbc.com/quotes/FNMA/tab/8
Wow dow jones gonna cross 17000
TSX closed tmrw, so it'll be boring just FYI
Lol why would they open again? They've already lost a ton of money on that bet.
So implies the author by what they filed.
They closed/covered their short position.
can't believe no one has responded on this yet...
Enforcement Division COO Storch Leaving SEC to Join Fannie Mae
Bruce CartonJune 30, 2014
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MORE ENFORCEMENT ACTION
GE Capital Pays $225 Million, Ends Discriminatory Credit Card Practices
U.S. Bank to Pay $200 Million for False Claims Act Violations
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SEC's White Says Directors are Companies' 'Most Important Gatekeepers'
RELATED TOPICS
Enforcement & Litigation
Adam Storch, chief operating officer and managing executive of the SEC's Division of Enforcement, is leaving the agency at the end of this week to join Fannie Mae in Washington, D.C. Storch will be Vice President of Enterprise Planning and Reporting at Fannie Mae beginning July 7, 2014.
Storch joined the SEC in October 2009 to serve as the Enforcement Division's first COO. Previously, he had been a Vice President in the Business Intelligence Group at Goldman Sachs & Co. As COO, Storch helped design and implement the most significant restructuring in the Enforcement Division's history--including the creation of specialized units, the Office of Market Intelligence and the Office of the Whistleblower. Storch also oversaw the establishment in 2013 of the Enforcement Division's Center for Risk and Quantitative Analysis, which uses quantitative data and analysis to allow the SEC to identify high-risk behaviors and potential misconduct.
In a press release last week announcing his departure, the SEC credited Storch with leading the Enforcement Division's implementation of "new analytic and investigative tools, a robust eDiscovery platform, a new knowledge management portal, an enhanced case management system, and a cutting-edge IT forensics lab." He also introduced the division's first-ever Project Management Office to help track and enhance the efficiency of large-scale and complex projects.
http://www.complianceweek.com/enforcement-division-coo-storch-leaving-sec-to-join-fannie-mae/article/358578/
Waterstone Likes RBS; Closes Fannie Mae Short?
by Mark MelinJune 30, 2014, 3:15 pm
Assets under management continue to vaporize as firm is down near 4 percent in May
As the stock market has been rising, the Waterstone Market Neutral Fund had a challenging May, down 3.76 percent according to an investor letter reviewed by ValueWalk. Over the last three months the S&P 500 (INDEXSP:.INX) index moved higher from 1872 to 1962.
Waterstone Market Neutral Fund
Waterstone Market Neutral Fund short position in SuperValu
Briefly mentioned in the investor letter is its short in SuperValu INC. (NYSE:SVU), which is up over ten percent in the last three months. Not mentioned in the report was Fannie Mae / Federal National Mortgage Assctn Fnni Me (OTCBB:FNMA). As previously reported in ValueWalk, Waterstone reduced their Fannie Mae short exposure previous to the precipitous drop in the stock price.
As previously reported in ValueWalk, Waterstone had a particularly rough time over the last twelve months, the fund lost nearly 20% in 2013. Assets of the fund continue to slide, down to $437 million from $478 million we reported in April and from $1.5 billion in May 2013. The fund started this year with $700 million, and at the time we noted fund assets under management appeared in a free fall mode. Waterstone’s May drop is the second worst of the year, following an -8.03 percent decline in February. The fund is down -1.65 percent year to date.
On the positive side, the fund noted its top single name contributors for the month. This included PAR PETE CORP (OTCBB:PARR), which was up 0.47 percent after the energy company restated earnings, announced of a new drilling program and the acquisition of Mid-Pac Petroleum.
Waterstone Market Neutral Fund likes RBS
In the banking sector the fund likes Royal Bank of Scotland Group plc (ADR) (NYSE:RBS) (LON:RBS). Waterstone has been long RBS long preferred for three years and they were up yet again in May, this time contributing +0.27 percent to the bottom line. The firm also likes the long convertible bonds of Somerset Cayuga (SOMCAY), which added +0.20 on the month.
Intel Corporation (NASDAQ:INTC) short convertible bond on a market neutral hedge contributed +0.15%, the report noted. “Our position in INTC 2.95 benefitted as primarily long-only outright investors sold positions to make room to buy new issues,” the report said. “New issuance has picked up considerably in May and June. If this continues, many of the convertible bonds we are short could see their overvaluations correct sharply.”
Waterstone Market Neutral Fund bets that didn’t workout
Bets that didn’t work out for the fund included Doral Financial Corp. (NYSE:DRL), which detracted -1.62%. The fund had been long Doral’s convertible preferred and experienced “several ups and downs.” Doral, which has operations in the U.S., is regulated by the U.S. and issues its securities in the U.S., is significantly exposed to the Puerto Rican economy and recently suffered from a negative tax ruling.
In addition to its mention of SuperValu INC. (NYSE:SVU) short losing on acquisition talks, another detractor was Hologic, Inc. (NASDAQ:HOLX) short convertible bonds, which “detracted -0.30% as outright buyers continued to buy this bond despite its gross overvaluation.”
http://www.valuewalk.com/2014/06/waterstone-fannie-mae/
JPMSu oh hai
Quote:
APG Asset Management
5.0M $15,068,493 +3% 0.4% Low
APG Asset Management sold about 100 million shares that they previous had at an average PPS of approximately $0.30. They now have 5 million shares at an average price of approximately $3.00. Perhaps this is why we have seen the large block sells, but who did APG sell it too after they took their long due profits? =)
http://data.cnbc.com/quotes/FNMA/tab/8
Read my post history
This week is gonna suck IMO. These short weeks always seem to have funky price action.
You have a link?
Look at the weekly. It'll make ya feel better
When you bought at 4.75. Called me n let me know they knockin the price down to rain in. :)
The financial institutions are pouring in...
hahaha. Yeah I noticed the daily death cross b/w the 50sma and the 200sma as well. Funny how it is working out where they are both about to collide at the same time, will be interesting to see how this works out from a T/A perspective.
profit taking and new position =) very nice l'orange =) very nice