News & Insights

Three of our Legends have exposure to the common and/or preferred shares of U.S. mortgage giants Freddie Mac and Fannie Mae (‘GSEs’).

“The recent election in the United States has, in our view, launched nothing short of a sea change in the potential opportunity set for trading markets globally” – Louis Moore Bacon

One Legend who has been doing really well this year is Richard Deitz. His VR Global fund is up almost 15% year-to-date.

Robert Citrone was the head of global emerging market investments at famed hedge fund Tiger Management, before founding Discovery Capital Management in 1999.

Bill Ackman is nearing the 4th year of his short position in Herbalife, which he made public in December 2012.

Legends Fund portfolio manager Ruud Smets interviewed Lansdowne Partners chairman Stuart Roden at the Legends4Legends Conference in Amsterdam on September 15th.

On September 6th, Pershing Square reported a 9.9% stake in burrito restaurant chain Chipotle Mexican Grill.

Glenview Capital Partners was up 1.6% in September while having some of its most cautious positioning ever over the lifetime of the fund, with a historically low net exposure.