TCSs Japan moment

TCSs Japan moment

Others would do well to emulate TCS' tie-up strategy.
Preparing for El Nio

Preparing for El Nio

Immediately, more oilseed/pulse imports and income stabilisation fund...

US hedge funds sour on Apple Inc, favor Dollar Tree Inc stores

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Apple has been topic du jour since last week, when hedge fund manager David Einhorn sued company. (Reuters) Apple has been topic du jour since last week, when hedge fund manager David Einhorn sued company. (Reuters)
SummaryApple has been topic du jour since last week, when hedge fund manager David Einhorn sued company.

disclosure is the first public acknowledgement of the size of the hedge fund's position, which was mentioned in an investor letter last month.

Greenlight's Einhorn unloaded his entire 658,700 stake in Genworth Financial Inc during the fourth quarter. John Paulson's Paulson & Co and credit-focused trader Boaz Weinstein of Saba Capital Management may have had better timing.

Paulson took a 3.9 million-share position and Saba added roughly 2.3 million shares in Genworth during the fourth quarter. The stock was one of January's best performers with a gain of 22 percent.

Eton Park sold its entire 148,000-share stake in US lender CIT Group Inc and Bruce Berkowitz's Fairholme Funds cut a its exposure to 3.2 million shares from 11.1 million shares.

CIT held preliminary talks over the past year and a half to sell itself to banks, including Toronto-Dominion Bank and Wells Fargo & Co, but nothing came of the conversations, according to three people familiar with the specialty finance company.

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