Author: The Wealth Training Company

Best Wall Street Stock Picker Retreats from Technology

Joseph DiMenna described by Businessweek as “the best stock-picker no one has ever heard of.” Retreats Positions in Advanced Micro Devices, Inc. (AMD), Apple Inc. (AAPL), Micron Technology, Inc. (MU) Apparently, all is not good on the technology front from Joseph DiMenna’s perspective, as he has opted to diminish holdings in all three stocks in the fourth-quarter of 2016. Joseph DiMenna described by Businessweek as “the best stock-picker no one has ever heard of” retreats from technology positions   According to the latest SEC filing, Zweig-DiMenna cut back 20% of its stake in AMD to 872,671 shares worth $9,896k....

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Joseph DiMenna – Investor Profile

Joseph DiMenna is an American hedge fund manager and co-founded/Managing Director of Zweig-DiMenna Associates. Zweig-DiMenna, founded in 1984 is one of the oldest hedge funds operating today. The fund has achieved 15-year annualized return, after fees, of 25%, vs. the 18.6% annualized total return for the Standard & Poor’s 500-stock index. In 2002, Joseph DiMenna was named “Entrepreneur of the Year” by the National Foundation for Teaching Entrepreneurship, an organization that promotes the teaching of business principles to students. In 2007, Zweig-DiMenna International hedge fund was Absolute Return Magazine’s “U.S. Equity Fund of the Year” in recognition of its...

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Standard & Poor 500 is Overvalued

Joel Greenblatt former Managing Partner and Co-Chief Investment Officer at Gotham Asset Management ($5.2 billion hedge fund) spoke on Thursday at the Reuters Global Investment 2018 Outlook Summit. Greenblatt, said the “Standard & Poor’s 500 has appeared cheaper only 16 percent of the time over the last 27 years”. “Standard & Poor’s 500 has appeared cheaper only 16 percent of the time over the last 27 years” JOEL GREENBLATT Joel Greenblatt’s fund returned 18 percent, outperforming 98 percent of its “long-short” peers. He said that could herald annual 3 to 5 percent gains over the next few years, with...

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Joel Greenblatt – Investor Profile

Joel Greenblatt (December 13, 1957) is an American academic, hedge fund manager, investor, and writer. His net worth is estimated to be around $500 million (2015).   Greenblatt is the founder of Gotham Capital. He has outperformed his peers in the investment world with his fund returning an impressive annualized return of 40% from 1985 to 2006. Joel Greenblatt is an adjunct professor at the Columbia University Graduate School of Business and founder of the New York Securities Auction Corporation. He is also a director at Pzena Investment Management, a high-end value firm and former chairman of the board...

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Daniel Loeb’s Third Point Takes Large Stake in Alibaba

Daniel Loeb’s billionaire and founder of hedge fund, Third Point with current asset under management of ‎$17.5 billion took a large stake in Alibaba in the second quarter, according to SEC filings. Loeb’s fund bought 4.5 million shares of the Chinese e-commerce giant which are worth about $634.1 million. Daniel Loeb also bought a large $654.7 million stake in BlackRock last summer. “Loeb’s fund bought 4.5 million shares of the Chinese e-commerce giant which are worth about $634.1 million”   Jack Ma, CEO of Alibaba, visited the US in June to promote his Chinese e-commerce platform as a way...

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