Everest Re Group, Ltd.
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Billion-Dollar Hedge Fund Focused on Financials, But Should You Be?
By Meena Krishnamsetty - April 5, 2013 | Tickers: KO, RE, MDLZ, PRA, USB
With over $1.1 billion in its equity portfolio alone, Bryn Mawr Capital is a hedge fund with a clear preference for financial stocks, currently more than half of its holdings’ worth. Not surprisingly, three of the top five stocks in Bryn Mawr Capital’s equity portfolio come from the banking or insurance sector, and because it can be rewarding to track hedge fund sentiment, let’s take a look more »
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Who Is Insuring the Insurers?
By Meena Krishnamsetty - January 16, 2013 | Tickers: AXS, RE, PRE, RGA, RNR
With the memory of Hurricane Sandy still fresh for many of those affected by last October’s tropical storm, insurance claims continue to roll in for those seeking reprieve for damages. While a largely negative event for insurance companies, most do not assume all of these risks and are able to pass on a significant amount to a secondary sector, known as the reinsurance industry. Reinsurers exist to help spread more »
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Multi-Billion Dollar Hedge Fund's Top Stock Picks
By Meena Krishnamsetty - September 21, 2012 | Tickers: AIG, RE, MET, V, YHOO
Richard Schimel, a former portfolio manager at SAC Capital Advisors, co-founded Diamondback Capital with two other SAC alumni- Lawrence Sapanski and Chad Loweth- in 2005. Schimel previously worked at Morgan Stanley and Deutsche Bank. In early 2012 Diamondback settled insider trading charges with the SEC. Before the investigation drove away many investors, the fund had about $6 billion under management. According to the fund’s 13F filing for the second more »
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You Want to be Where Warren Buffett Is
By Jonathan Yates - July 12, 2012 | Tickers: BRK-A, RE, GLRE, PRE, TRH
Hockey legend Wayne Gretzky, known as "The Great One," once attributed his success to, "I skate to where the puck is going to be, not where it has been."
That is obviously very sound advice for investing, too. Warren Buffett, head of Berkshire Hathaway (NYSE: BRK-A), and David Einhorn, head of Greenlight Capital (NASDAQ: GLRE), are two of the best investors in history; and have long been involved in the more »