Hedge Fund and Insider Trading News: Bill Ackman, Mike Novogratz, Sanjay Shah, LIOR Global Partners, Anomaly Capital, Two Sigma Investments, Intercept Pharmaceuticals Inc (ICPT), Kaiser Aluminum Corp. (KALU), and More
Billionaire investor Bill Ackman said Monday he donated his entire stake in Coupang – worth more than $1 billion – to charity following the South Korean e-commerce company’s IPO last week. Ackman, who runs the
Pershing Square Capital Management hedge fund, invested his personal money as an early backer of Coupang, CNBC first reported last Thursday on the firm’s NYSE debut.
Two Sigma Investments plans to ask staff to return to the office in September and will experiment with a hybrid model that allows them to work remotely two days a week. Employees should expect the change to take effect after Labor Day, “but that’s going to depend on the science, the availability of vaccines, and schools opening, global regulations,” Two Sigma Chief Technology Officer