The Hedge Funds Weblog
Top Ten Cool Hedge Fund Moves
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
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