Jason Ader
Hayground Cove Accumulates 5.5% Stake in Isle of Capri Casinos (ISLE)
In a 13D filing on Isle of Capri Casinos Inc. (Nasdaq: ISLE), Jason Ader of Hayground Cove Asset Management disclosed a 5.53% stake (1.9 million shares) in the company. There is no other record showing a stake owned by the hedge fund.
Hayground Cove Holdings
"In a 13D filing on Isle of Capri Casinos Inc. (Nasdaq: ISLE), Jason Ader of Hayground Cove Asset Management disclosed a 5.53% stake (1.9 million shares) in the company. There is no other record showing a stake owned by the hedge fund."
SEC Filings for Isle Of Capri Casinos Inc.
a), (b) and (c) This Statement is being filed by (i) Jason Ader, an individual; (ii) Hayground Cove Asset Management LLC, a Delaware limited liability company ("HCAM"); and (iii) Hayground Cove Fund Management LLC, a Delaware limited liability company ("HCFM" and, together with Jason Ader and HCAM, the "Reporting Persons"). Mr. Ader is the sole member of HCAM, which in turn is the managing member of HCFM. In addition, HCFM serves as general partner of (i) certain Delaware limited partnership funds and (ii) Hayground Cove Associates LP, a Delaware limited partnership ("HCA"), an investment manager that provides investment and advisory services to certain offshore entities and individually managed accounts (the limited partnership funds, offshore entities and managed accounts collectively, the "Client Funds"). None of HCA or the Client Funds is deemed to be a reporting person.
SEC Info - Jason Ader Isle Of Capri Casinos Inc.
FILING AGREEMENT BETWEEN JASON ADER, HAYGROUND COVE ASSET MANAGEMENT LLC, AND HAYGROUND COVE FUND MANAGEMENT LLC. The undersigned hereby agree that the Schedule 13D with respect to the Common Stock, $0.01 par value, of Isle of Capri Casinos, Inc., dated of even date herewith is and shall be filed on behalf of each of us pursuant to and in accordance with the provisions of Rule 13d-1(k)(1) under the Securities Exchange Act of 1934, as amended.
Up and Coming Hedge fund Managers
Jason Ader - Named as one of Forbes best analysts, Ader specializes in hospitality and gaming sectors. Ader has been known to visit potential investments in person and analyze the quantitative aspects regarding the building, employees, and overall likeability compared to competitors.
High Profile Analyst to Launch a New Hedge Fund
While few details were provided on Ader's new fund, close sources said Ader's celebrity status has helped him win over unnamed institutional investors, including pension plans and individual investors as well. Ader's hedge fund would concentrate trading activities in consumer and real estate-related businesses, according to the statements.
Alliance Could Be "The Comeback Kid In Vegas
Investors who gambled big on Alliance Gaming (AGI ) in early April when its stock was flying at 34 a share have ended up as huge losers: The stock is now at 15. Except for a few brave souls, most analysts are sour on Alliance, the No. 2 maker of slot machines. One courageous pro buying the battered stock is Jason Ader, an ex-gambling analyst and now CEO of Hayground Cove Asset Management.
Venture takes gamble on Nasdaq
Also, fund managers are not convinced that buying Melco PBL gives you the best value for money. "It should trade at a discount multiple compared to Wynn and Sands because what investors like to see is growth, and opportunities in the Asian region for Melco PBL is constrained because it only has exposure to Macau," said Hayground Cove's Ader.