Top 10 Hedge Fund Trades
Hedge Fund Manager: Atticus ManagementProfit: $800 million
The New York-based hedge fund hit the mother lode for the second year in the row, scoring paper gains of at least $800 million through its holding in the mining giant.
Hedge Fund Trade #2: MBIA Inc., Ambac Financial
Hedge Fund Manager: Pershing Square Capital ManagementProfit: $500+ million
William Ackman’s longtime gamble that bond insurance companies would run into trouble finally paid off this year as mortgage loans to high-risk borrowers started going bad and credit markets stumbled.
Hedge Fund Trade #3: Foster Wheeler
Hedge Fund Manager: Tontine PartnersProfit: $426 million
Sage investments in engineering and construction companies helped cushion the Greenwich, Conn.-based firm’s losses in finance and housing.
Hedge Fund Trade #4: Union Pacific, Other U.S. Railroads
Hedge Fund Trade#5: First Solar
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Article Source: Dow Jones & FT
Link to This Resource: Top 10 Hedge Fund Trades of 2007http://richard-wilson.blogspot.com/2008/01/top-10-hedge-fund-trades-of-2007.html