Wed, Aug 31, 2016
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. The Big Picture: Water is single largest environmental investment opportunity[more]

    Benedicte Gravrand, Opalesque Geneva: Water, the world’s most precious and undervalued commodity, is set to lead the socially and environmentally responsible investment themes. This is according to specialist fund manager Thomas Schumann. His firm,

  2. Commodities - Hedge funds pile into bullish bets on U.S. crude by most on record, Rig count steady, hedge funds dump short contracts on 63 million barrels, Hedge funds bail on Copper as Goldman predicts ‘supply storm’, Hedge funds pile up bets against sterling[more]

    Hedge funds pile into bullish bets on U.S. crude by most on record From BRecorder.com: Hedge funds and other speculators raised their bullish bets on US crude oil in the past week by the most on record fuelled by speculation that Organization of the Petroleum Exporting Countries will agr

  3. Investing - U.S. hedge fund Marathon makes Brexit bet on European property, Hedge funds love Liberty and John Malone, DE Shaw could bid for control over TerraForm Power, New York hedge fund increases stake in Tronc as sale talks continue, Don't wait too long to check this +20% value fund's ideas[more]

    U.S. hedge fund Marathon makes Brexit bet on European property From FT.com: Marathon, a $13bn US hedge fund, is building a big Brexit trade, increasing its investments in property across Ireland, France, Germany and the Netherlands, in a bet that they will be among the big beneficiaries

  4. Investing - Hedge funds express interest in acquiring Terraform's class B shares, REIFs: A new opportunity for foreign real estate investors, $21bn distressed expert hedge fund likes these 4 ideas, This merger arbitrage ETF is drawing increased interest, Investors look to emerging Asia for returns[more]

    Hedge funds express interest in acquiring Terraform's class B shares From Thecountrycaller.com: The US residential solar provider, Sunedison Inc. has received a bid from hedge fund manager D.E Shaw & Co LP for controlling a stake in its Yieldco TerraForm Power Inc. According to Reuters,

  5. Opalesque Exclusive: Investors struggle to identify the better performing hedge funds[more]

    Komfie Manalo, Opalesque Asia: Fund managers and investors believe that performance is one of the major factors driving change in the hedge fund industry, a Preqin survey showed in its latest Hedge Fund Spotlight. Preqin said that the disappoin