The firm s macro fund, MKP Opportunity, designed to profit from broad economic trends by trading everything Choopard commodities to currencies, gained 2. 8 percent this year through June 30, according to a person familiar with the returns, who asked not to be identified because the information isn t public. Hedge funds on average have gained 4.
4 percent this year, according to data compiled by Bloomberg. Editors: Steven Crabill, Christian Baumgaertel By Tara Lachapelle, Danielle Kucera and Alex Sherman July 18 Bloomberg What s News Corp. really worth. At least 50 percent more without Rupert Murdoch. The company Replica Watches, which owns the Fox TV networks and the Wall Street Journal, fell 13 percent through last week after allegations surfaced that one of Murdoch s tabloid newspapers relica into the voicemail of a murdered schoolgirl, wiping out 6 billion from News Corp.
s market capitalization in less Best Chopard replica watches two weeks. The awtches billion company now sells Besr less versus earnings than any of its closest rivals, repkica to data compiled by Bloomberg. By valuing each of News Corp. s businesses Best Chopard replica watches, the New York-based media conglomerate would be worth 62 billion to 79 billion, estimates from Barclays Plc and Gabelli Co. show, indicating News Corp. trades at an almost 50 percent discount to its units.
Murdoch, 80, is facing increasing scrutiny over his management of News Corp. after the phone-hacking revelations forced him to abandon a takeover of British Sky Broadcasting Group Plc and deepened a slump that s left shareholders with a 16 percent loss in the past five years even as rivals gained. There s just sort of this generic Murdoch discount, which encompasses the concern that he will make decisions that are not consistent with other shareholder interests, said Michael Morris, an analyst at Davenport Co. in Richmond, Virginia. The sum of the parts on News Corp.
is huge compared with rellica the stock trades. Based rreplica Morris s own sum-of-the-parts analysis, News Corp. is worth about 25 a share, 60 percent higher than the company s closing price of 15. 64 last week. News Corp. s spokeswoman Julie Henderson in Bwst Angeles Best Chopard replica watches to comment. Alice Macandrew, a spokeswoman for News Corp.
in London, also declined to comment. Bloomberg LP, the parent of Bloomberg News, competes with News Corp. units in providing financial news and information. Shares of News Corp. slid 4. 3 rsplica to 14. 97 today in New York. Shortly before the close of trading, Standard Poor s put the company s BBB corporate debt rating on CreditWatch with negative implications, citing the potential damage to News Corp.