Atticus, Ackman Top List Of Top Hedge Fund Trades

Jan 3 2008 | 10:34am ET

Few things bring a smile to a hedge fund manager’s face than being right, and profiting handsomely by it. So there are likely to be more than a few broad grins on Atticus Management’s New York trading desk this morning.

The firm was recognized by Dow Jones Hedge Fund Trades for making two of the top hedge fund trades of 2007, moves which netted the firm almost $1.2 billion in and of themselves. The second annual list of the industry’s best trades also recognized such hedge fund giants as William Ackman’s activist Pershing Square Capital Management.

THE BIG TEN: Top Hedge Fund Trades of 2007

    1. Atticus Management: Freeport McMoran Copper & Gold
      Profit: $800 million
    2. Pershing Square Capital Management: MBIA Inc. and Ambac Financial
      Profit: more than $500 million
    3. Tontine Partners: Foster Wheeler
      Profit: $426 million
    4. Atticus: Union Pacific and other U.S. railroads
      Profit: $387 million
    5. Maverick Capital: First Solar
      Profit: more than $350 million
    6. Glenview Capital Management: Crown Castle International and American Tower
      Profit: $319 million
    7. Dawson-Herman Capital Management: CF Industries
      Profit: $160 million
    8. Meditor Capital Management: Onyx Pharmaceuticals
      Profit: $155 million
    9. Tremblant Capital Group: Chipotle Mexican Grill
      Profit: $95 million
    10. Shunway Capital Partners: United Therapeutics Corp.
      Profit: $73 million

      source: Dow Jones Hedge Fund Trades


In Depth

Q&A: TCA Fund Management's Bob Press on Small-Cap Private Equity

Aug 25 2016 | 8:55pm ET

The emergence of private credit as a replacement for traditional bank financing...

Lifestyle

Kiawah: Island Reversal

Aug 24 2016 | 9:59pm ET

Looking for real estate investments but the typical real estate fare isn’t cutting...

Guest Contributor

Old Hill Partners: Embrace Illiquidity

Aug 9 2016 | 2:39pm ET

The age-old financial concept that higher yields are the result of higher risk and...