Fri, Aug 29, 2014
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Alternative Market Briefing

Largest hedge funds increase equity exposure

Thursday, August 22, 2013

Beverly Chandler, Opalesque London:

Research from Factset reveals that the 50 largest hedge funds increased their equity exposure by just over 1% in the second quarter of 2013. The firm writes: "Dell Inc. was the largest addition for the group of funds. While this was primarily due to Icahn Associates’ activity in the buyout target (Icahn’s purchases amounted to over 80% of the increased allocation in the stock), nearly 50% of the funds also purchased Dell in Q2. The largest of these buyers included Elliott Management, which purchased $278 million worth of the stock, and Farallon Capital Management ($181 million)."

Excluding Dell, Thermo Fisher Scientific, a company providing laboratory products and services, analytical technologies and specialty diagnostics, received the highest net inflows from the funds. "Five of the fifty funds purchased more than $200 million worth of the stock during the quarter, with Viking Global Investors leading the pack at $792 million in purchases. During the quarter, Thermo Fisher announced an agreement to acquire Life Technologies Corp., a biotechnology research services company, and later held a $2.5 billion stock offering to fund the cash deal. Simultaneously, the top 50 hedge funds liquidated $1.0 billion in Life Technologies over the quarter."

Apple was the flavour of the quarter according to Factset’s research, with significant net inflows in Q2 ($1.4 billion, or 29% of its Q......................

To view our full article Click here

Today's Exclusives Today's Other Voices More Exclusives
Previous Opalesque Exclusives                                  
More Other Voices
Previous Other Voices                                               
Access Alternative Market Briefing
  • Top Forwarded
  • Top Tracked
  • Top Searched
  1. Study shows what resonates with investors: 'Unwavering', 'passionate' beats 'committed', 'dedicated' and more surprises[more]

    Komfie Manalo, Opalesque Asia: A new study by Pershing Square, a unit of BNY Mellon company, showed that an effective value proposition strengthens audience connections and fosters growth, yet many advisors have had little objective guidance in formulating such statements until now. In the

  2. Institutions – Texas Employees sets 2015 tactical plan for alternatives, CalPERS' real estate consultant cautions the pension fund's investment committee, Why Sunsuper likes hedge funds[more]

    Texas Employees sets 2015 tactical plan for alternatives From PIOnline.com: Texas Employees Retirement System will invest in up to four new hedge funds in the next fiscal year, which begins Sept. 1. Trustees approved 2015 tactical investment plans for the hedge fund, private equity and in

  3. Hedge fund assets decline in July - eVestment[more]

    Bailey McCann, Opalesque New York: Total assets in hedge funds declined in July and dropped 0.49%, marking the industry's second monthly asset decline in 2014, according to the latest asset flows data from eVestment. Despite the asset decline, total industry AUM remained above the $3 trillion

  4. AIMA makes 'the case for hedge funds'[more]

    Bailey McCann, Opalesque New York: The Alternative Investment Management Association (AIMA), the global hedge fund industry body,

  5. Managed futures' global diversification is important in next phase of economic recovery[more]

    Komfie Manalo, Opalesque Asia: The global diversification provided by managed futures may prove to be extremely valuable as the markets enter the next phase of the economic recovery, said Campbell & Company, a pioneer in absolute return invest