Hedge Fund News Steve Cohen, Dan Loeb, Bill Ackman, David Tepper, David Einhorn

May 21, 2013 - PRLog -- Hedge Fund News  Steve Cohen, Dan Loeb, Bill Ackman, David Tepper, David Einhorn

Hedge fund SAC Capital Advisors LP, Steven Cohen’s $15 billion hedge fund firm no longer cooperating with Us Goverment

Steve Cohen’s hedge fund SAC Capital Advisors LP, Steven Cohen’s $15 billion hedge fund firm, told investors it’s no longer cooperating unconditionally with the U.S. government’s insider-trading investigation.

Bill Ackman led Investor Group Buying Manhattan Duplex Penthouse for $90

Billionaire hedge fund manager Bill Ackman and a  group led by him is in contract to buy 14,000-square-foot penthouse apartment in Manhattan, that is in contract to sell for more than $90 million.

http://www.hedgeho.com/hedge-fund-news/hedge-fund-news-this-week/

One57 is new luxury  condo is on the 75th and 76th floors has 140 feet of frontage on Central Park, a glass atrium with a wall that swings open and a living room with double-height ceilings. The space has six bedrooms.

Warburg Pincus raises $11.2 billion private equity fund

Warburg Pincus LLC has secured $11.2 billion for its latest global fund, one of the largest private equity funds raised since the financial crisis, underscoring investor demand for high-return offerings at a time of record-low interest rates.

Hedge Fund IP Battle – Elena Ambrosiadou Wins $3 Billion Battle Over IKOS Trading Codes

Bain Capital to buy Germany clutch maker FTE

Private equity firm Bain Capital has agreed to buy German clutch systems maker FTE automotive from PAI Partners, the companies said on Monday.
The deal is the latest in a series of successful private equity transactions involving German targets this year, following the sales of insulation company Armacell and metering business Ista, suggesting that private equity investors have faith in Germany’s economic prospects.

Hedge Fund News  Steve Cohen, Dan Loeb, Bill Ackman, David Tepper, David Einhorn

Breakdown how hedge funds  traded in the first quarter (http://www.hedgeho.com/hedge-fund-news/how-hedge-funds-tr...), broken down by sectors and actively traded stocks:

Appaloosa Management, a $14 billion hedge fund led by David Tepper, reduced its stake in Apple by 40 percent to 540,000 shares.
Coatue Management added 562,546 shares of Apple, lifting its total stake in the iPhone and iPad manufacturer to 1.2 million shares. Greenlight Capital, a $9 billion fund led by David Einhorn, nearly doubled its stake in Apple to 2.4 million shares.
Farallon Capital Management, a $20 billion hedge funded led by Andrew Spokes, took a new 2.46 million-share stake in computer manufacturer Dell Inc, which is embroiled in a contentious corporate buyout. Highfields Capital Management, an $11 billion fund led by Jonathon Jacobson, bought 23 million shares of Dell in the quarter.
Hedge fund Jana which has a reputation for shareholder activism, opened a new 25.5 million-share stake in online social gaming company Zynga Inc.
Jana also opened a 21.9 million-share position in online coupon company Groupon.
Passport Capital, a $3.7 billion fund led by John Burbank, opened up a 2.2 million-share position in Yahoo Inc. But Tiger Global sold 14 million shares.

Hedge Fund News  Steve Cohen, Dan Loeb, Bill Ackman, David Tepper, David Einhorn
Hedge fund Appaloosa reduced its holdings in several financial stocks. The hedge fund, for instance, cut its stake in American International Group Inc by 29 percent to 4.3 million shares. Meanwhile, Seth Klarman’s $28 billion Baupost Group increased its stake in AIG by 70 percent to 11.9 million shares.