Category: Portfolio News

Per Legends Fund’s updated PPM, Theta Fund Management has relaxed the investment guidelines of Legends Fund.

Last month we reported on Pershing Square’s campaign to obtain one or more board seats at ADP. On November 7th it was announced that all of the current 10 directors had been reelected.

Richard Deitz’ VR Global Fund is up 21% year-to-date, half of which has come from holdings in Argentina.

On September 28th Legends4Legends 2017 event took place, an annual conference that we organise together with Alternatives4Children to raise money for charities involved in improving the living standards of children.

After announcing a 2.3bln stake in ADP, Bill Ackman’s Pershing Square was given the cold shoulder by ADPs management and board. In response, the activist investor has set out to convincing the investment community of the opportunity for transformational change at ADP to achieve drastic margin improvement.

Egerton Capital is having a strong year. The fund has been outperforming equity markets by a healthy margin while carrying a net long exposure of just 50%. The fund recently established a position in Alaska Airlines.

Don’t miss this opportunity to hear the investment outlook of some of the world’s most successful investors, on September 28th at the Amsterdam EYE Museum!

The Renaissance Institutional Equity Fund is well underway to do what it has done each of the past 7 years: posting high teens net returns.

Legends Fund has taken a position in Third Point, the hedge fund of renowned investor Dan Loeb.

It is with great pleasure that we announce the attendance of Robert Gibbins as a keynote speaker at the Legends4Legends conference on September 28th in Amsterdam.

Robert Gibbins’ Autonomy Global Macro Fund gained another 2% in July, bringing the year-to-date number to 14% in a period that most global macro funds have been struggling.

On July 27th word broke that Bill Ackman’s Pershing Square Capital has taken an 8% position in Automated Data Processing (ADP), making it Pershing Square’s largest investment. Shares of ADP rallied 11% on the announcement.

Together with the charity Alternatives4Children we are hosting Legends4Legends 2017 on September 28th.

It is a welcome industry trend that hedge fund managers are rewarding their long-term clients with lower fees.

An award-winning mathematician and former cold war code-breaker, James Harris “Jim” Simons founded Renaissance Technologies in 1982.

We are excited to report the addition of Robert Gibbins to our roster of Legends. The founder and portfolio manager of Autonomy Capital has been one of our most respected hedge fund managers for many years.

Since 1995, the world-renowned Sohn Investment Conference, held annually in New York, has been bringing the world’s savviest investors together to share fresh insights and money-making ideas.

The VIX index (the implied market estimate of future volatility) on May 8th closed below 10 for only the 11th time in its history. And it’s not just equities, this phenomenon is happening across most assets.

Pershing Square took a large position in burrito chain Chipotle Mexican Grill in September of last year. The company announced earnings in April and beat expectations, sending shares up 6.5%.

John Armitage’s Egerton Long-Short Fund reported gains of 6.3% in Q1 bringing it’s long term net annualized return since 1994 to 14.0%.