Top 20 Largest Hedge Funds 2012

Renaissance Technologies is one of the most profitable hedge funds of all time. In a year of exceptional volatility and marketplace dislocations, the fund is up 64 percent via September. Hedge fund manager Jeffrey Vinik closed his fund last month following compiling average annual returns of 53 percent given that November 1996. In 1997 he folded a middling marketplace-neutral fund into Medallion following just 3 years. And a mortgage-backed-derivatives fund he backed in 1995 swooned soon after enjoying two fine years. In 1978 he left Stony Brook totally, to kind a private investment fund called Limroy.

Simons has recently raised a $200 million fund to extend Renaissance’s attain into technology venture capital investments. Back in action, Medallion created its mark through rapid, quick-term trading across futures markets. By 1993, after three dazzling years, Medallion had reached $270 million in assets and stopped taking new income. In component, the fund was looking for new ways to invest excess capital that investors didn’t want back.

By 1994 Renaissance, which had began with 12 staff, had 36 on employees, and Medallion was trading 40 types of securities, up from 12. Renaissance had often completed all of its trading via outdoors brokers the following year it opened its very first in-residence trading operation. These days Renaissance has 140 staffers – it plans to be up to 150 by year-end – and trades 60 diverse economic instruments about the clock. Three years ago Medallion formed an internal fund-of-funds to invest in outside managers.

Simons also believed the strategy would boost Renaissance’s market place intelligence and sometimes present possibilities for Renaissance to obtain yet another fund. Medallion now has $500 million invested in 40 outdoors funds, which includes macro manager Louis Bacon’s Moore Capital Management. Renaissance moved into its East Setauker headquarters 3 years ago, but Simons and the firm retain close ties to the university.

By contrast, Simons has taken his scientists away from Wall Street, to lavish surroundings in Lengthy Island, not far from the Stony Brook campus where Renaissance began life in workplace space developed to serve as a company incubator. Renaissance headquarters function a health club, lighted tennis courts, a library with a fireplace and big private offices for each employee.… Read the rest

Billion For Chipmaker Broadcom Corp In Sector’s Largest Acquisition Ever

Upon completion of the acquisition, the combined business will have the most diversified communications platform in the semiconductor business, with combined annual revenues of roughly $15 billion. Broadcom makes semiconductors for set-top boxes, mobile phones and network equipment, and its chips are used in smartphones made by Apple and Samsung. Broadcom shares spiked 21% on Wednesday after initial reports of a deal Avago jumped as much as six%. Broadcom is one of the largest semiconductor companies in the globe, and its clientele include Samsung, Apple and Amazon. Equity analysts at the Brokerage firm JMP Securities upgrades its rating on Avago Technologies Restricted (NASDAQ:AVGO). The Analysts at JMP Securities announces a current value target of $165 per share.

As many as 20 brokerage firms have rated Avago Technologies Restricted (NASDAQ:AVGO) at 1.43. Analysis Analysts at Zacks have ranked the organization at four, suggesting the traders with a rating of sell for the brief term. Avago Technologies Limited has dropped .91% in the course of the last three-month period Year-to-Date the stock overall performance stands at 21.43%. Shares of Avago Technologies Limited rose by .81% in the final five trading days and 2.04% for the final four weeks. Leading Brokerage Firms are advising their investors on Avago Technologies Limited.

Avago Technologies Restricted is a designer, developer and international supplier of a range of analog semiconductor devices with a concentrate on III-V primarily based items. Avago Technologies Limited is a leading designer, developer and international supplier of a broad variety of analog semiconductor devices with a concentrate on III-V based goods and complicated digital and mixed signal CMOS based devices. The stock hit a higher of $36.98 for the day, which is resistance for Friday’s comply with by way of move.

Broadcom, Avago, Holdco and Holdco LP and specific of their respective directors, executive officers and other members of management and staff, under SEC guidelines may be deemed to be participants in the solicitation of proxies from Broadcom and Avago shareholders in connection with the proposed transaction. In the course of today’s trading session, the stock recorded a new 52-week higher at $21.88 with a trading volume of 3.38 million shares.

Details regarding the persons who might, beneath the guidelines of the SEC, be deemed participants in the solicitation of Broadcom and Avago shareholders in connection with the proposed transaction are set forth in the above-referenced joint proxy statement/prospectus. Upon completion of the acquisition, the new business will be identified as Broadcom Limited.… Read the rest