“Investors have to make a big call about Man’s future.” Arun Melmain, an analyst at Canaccord Genuity, on the news that some of London’s biggest hedge funds—including Marshall Wace and Lansdowne Partners— have taken large short positions in the shares of Man Group. (via The Financial Times)
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“O.K. So I had hoped I had heard it wrong, but I didn’t.” George Sutton, an analyst at Craig Hallum, reacting to the disclosure from Sotheby’s CEO William Ruprecht during the Q1 earnings call that the auction house had spent $5.7 million in its battle with Dan Loeb’s Third Point and other shareholder activists, and expected to have to pay an additional $10 million to reimburse Third Point’s expenses. (via New York Times)
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“The housing market has been supported by great volume of cash transactions. This is not exactly indicative of the organic growth in the market from a real buyer’s perspective.” Jeffrey Gundlach, of DoubleLine Capital, speaking at the Sohn Investment Conference in New York on why he doesn’t believe the single-family housing market is in recovery.
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“I actually find myself daydreaming about winning Dancing With The Stars on some days in the office. It’s gotten to be very difficult when you depend on price movement to make a living and there is none.” Paul Tudor Jones II, speaking at the Sohn Investment Conference.
Paul Tudor Jones II William Ruprecht Craig Hallum Sotheby Jeffrey Gundlach
