HUBBELL INC. CL 'A'
Chicago hedge fund manager Anand Parekh founded Alyeska Investment Group in 2008. Alyeska follows a market neutral strategy that takes both long and short positions. In 2011, the firm managed $2.5-$3.0 billion. Outlined below were Alyeska’s five largest holdings at the end of June, according to the firm’s 2Q 13F filing; of these five holdings three of them were new.
The hedge fund’s largest more »
Cree (NASDAQ: CREE) recently gave a mixed bag of results although the market sent the stock sharply higher. This is probably due to the fact that -- for the first time in five quarters -- Cree beat market estimates and because the stock went into relief rally mode. In summary, whilst the results were mixed for Cree, I think there is enough "color" in the numbers and in the surrounding commentary to more »
The doom and gloom merchants have certainly got hold of the market in certain sectors and few more so than the commercial property sector. Unfortunately for the bears when a shorted stock reports results that more or less confirm its current outlook than the result can be a brutal swing to the upside. This was the case with Acuity Brands (NYSE: AYI) recent results and there is a lesson that more »