Hedge Fund and Insider Trading News: Mike Novogratz, Nicolai Tangen, D.E. Shaw, Millennium Management, Archegos Capital Management, Joann Inc (JOAN), Cantel Medical Corp (CMD), and More
The world’s largest sovereign-wealth fund is planning a more active approach to investing, according to the updated strategy it unveiled on Wednesday. Norges Bank Investment Management, the arm of the Norwegian central bank that operates the 11.162 trillion Norwegian kroner fund, equivalent to $1.3 trillion, has revised its strategy several months into the tenure of Chief Executive Nicolai Tangen. Mr. Tangen joined in September after previously running a $21 billion London-based hedge fund.
ZURICH, April 7 (Reuters) – Credit Suisse should be able to weather a $4.7 billion loss from the Archegos hedge fund and the collapse of $10 billion worth of Greensill funds, with no meaningful risk to the Swiss financial sector’s health from the episodes, the IMF’s country mission head said. Shares in Cr