Author: The Wealth Training Company

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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Daniel Loeb – Investor Profile

DDaniel Loeb (December 18, 1961) is an activist investor hedge fund manager and the founder and chief executive of Third Point, a New York-based hedge fund with $10.8 billion in assets under management, as of March 2016.   Daniel Loeb was born to a Jewish family, the son of Ronald and Clare (née Spark) Loeb was raised in Santa Monica, California where he attended Palisades Charter High School. His father was a partner at the Los Angeles law firm of Irell & Manella LLP and general counsel for Williams-Sonoma. His father also served as an outside director of Mattel,...

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Michael Gelband Poaching Staff from Millennium Management?

It’s one of the biggest Wall Street battles of the year and pits two powerful players who used to be on the same team against each other. Israel Englander, an American investor, and co-founder of Millennium Management has locked swords with Michael Gelband in an arbitration hearing over whether Gelband can hire Millennium traders and employees. Michael Gelband was the man who once seemed poised to take the reins at Millennium. The fixed income unit headed by Michael Gelband had created $7 billion in trading revenue in his eight years at the firm   Israel Englander, 69, founded Millennium Management...

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