Top Ten Cool Hedge Fund Moves

Filed in archive Hedgetalk on January 4, 2008

Dow Jones Hedge Fund Trades announced in a press release today the annual list of the best and boldest hedge fund moves.

Among the top hedge fund trades were two deals by Atticus Management, which resulted in a collective profit of nearly $1.2 billion for the firm. All told, the "Big 10" hedge fund trades garnered profits of more than $3 billion for their respective investors.

Top Trade #1: Freeport McMoran Copper & Gold

Firm: Atticus Management

Profit: $800 million

Top Trade #2: MBIA Inc., Ambac Financial

Firm: Pershing Square Capital Management

Profit: $500+ million

Top Trade #3: Foster Wheeler

Firm: Tontine Partners

Profit: $426 million

Top Trade #4: Union Pacific, Other U.S. Railroads

Firm: Atticus Management

Profit: $387 million

Top Trade #5: First Solar

Firm: Maverick Capital

Profit: $350+ million

Top Trade #6: Crown Castle International, American Tower

Firm: Glenview Capital Management

Profit: $319 million

Top Trade #7: CF Industries

Firm: Dawson-Herman Capital Management

Profit: $160 million

Top Trade #8: Onyx Pharmaceuticals

Firm: Meditor Capital Management

Profit: $155 million

Top Trade #9: Chipotle Mexican Grill

Firm: Tremblant Capital Group

Profit: $95 million

Top Trade #10: United Therapeutics Corp.

Firm: Shunway Capital Partners

Profit: $73 million