Market continues to miss the big picture on $TMPS

Market continues to miss the big picture on $TMPS



AQR Capital Management, LLC which serves as the investment manager to the AQR Diversified Arbitrage Fund , an open-end registered investment company took a 6% position in TMPS in February 2017.

Here is info on AQR Diversified Arbitrage Fund straigh from their website.

Investment Objective
Seeks long-term absolute (positive) returns. Fund closed to new investors.

Arbitrage strategies seek to exploit mispricings in markets. They do this by looking for two related assets that are trading at different prices, then buy the cheaper one and "short" — that is, borrow and sell — the more expensive one. The difference between the prices is the expected profit of the trade. AQR's Diversified Arbitrage Fund invests in three primary arbitrage strategies:

Merger Arbitrage — consists of buying shares of the target company in a proposed merger, and hedging the exposure to the acquirer by shorting the stock of the acquiring company

Event-Driven Investments — involves various corporate actions where very similar assets begin to trade at different prices (e.g., the different share classes of a public company's stock)

Over time, we seek to balance the Fund's exposure equally among the three while maintaining the ability to make tactical tilts based on each strategy's conditional attractiveness.

AQR Diversified Arbitrage has over $490 mill in assets under their control

http://www.morningstar.com/funds/XNAS/ADAIX/quote.html

https://funds.aqr.com/our-funds/alternative-i...trage-fund

https://www.otcmarkets.com/edgar/GetFilingHtm...D=11848116

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TMPS is owned now by a swedish billionaire that bought in check out who else owns 6% position here

AQR Capital Management, LLC which serves as the investment manager to the AQR Diversified Arbitrage Fund , an open-end registered investment company

This is actually a highly rated fund with a solid position in an up and coming penny stock. FYI this fund is currently trading at $9.59

What am I missing here in the past 3 months a legit investment fund buys a 6% stake in TMPS and a billionaire takes an 89.8% stake in TMPS.

These are all huge money people and funds buying in here am loading all I can here.
http://www.morningstar.com/funds/XNAS/ADAIX/quote.html

https://www.otcmarkets.com/edgar/GetFilingHtm...D=11848116

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Tempus Applied Solutions Holdings, Inc. (the “Company”) announces that Johan Aksel Bergendorff has been named the Company’s new Chief Financial Officer, effective June 11, 2017. Mr Bergendorff replaces Steven Bush, who has decided to pursue options outside the Company and left effective June 11, 2017. The Company would like to express gratitude to Mr Bush, for his dedicated commitment and contributions to the business, over the last three years.

Mr Bergendorff started his career with Ernst & Young before he joined PricewaterhouseCoopers (“PwC”), where he spent four years in Copenhagen, Denmark, before relocating to London in 2010. In 2014, Mr Bergendorff left PwC to join an international Corporate Finance boutique, as senior M&A advisor.

Mr Bergendorff works as a full time consultant for Jet Support Services Ltd, an affiliate of Santiago Business Co. International Ltd., and other companies directly or indirectly controlled by the persons who may be deemed to be the Company’s principal beneficial owners.

Johan Eliasch owns Santiago Business Co. International Ltd

https://www.otcmarkets.com/edgar/GetFilingHtm...D=12129434