Hedge Fund and Insider Trading News: Carlson Capital, Westbeck Capital Management, Archegos Capital Management, Insight Partners, African Rainbow Minerals Ltd (AFBOF), Arista Networks Inc (ANET), and More
The exodus at Clint Carlson‘s eponymous hedge-fund manager continues. The $4.8 billion Dallas-based firm has lost several top executives recently including chief legal officer Joe Brucchieri, head of human resources Nicole Mascera, and deputy chief legal officer Whitney Fogle Lewis. Chief risk officer Jehan Akhtar is also set to retire in May.
Switzerland’s top financial regulator said the collapse of
Archegos Capital Management LP will have consequences for how banks deal with risk as one of the country’s biggest lenders counts its losses from exposure to the investment firm. “This will be meticulously examined and there will be lessons, maybe for regulators, maybe for the banks who were involved, maybe for supervisors,” Mark Branson, the head of Swiss regulator Finma
Hedge Fund and Insider Trading News: George Soros, Citadel LLC, Deerfield Management, Archegos Capital Management, Custom Truck One Source (CTOS), Five Below Inc (FIVE), and More
Card collectors have been bidding up Topps cards to record heights over the past year. Now, Michael Eisner and hedge fund manager James Mudrick are planning to allow stock investors the same chance with Topps itself; the duo have inked a deal to bring the collectibles business public in a $1.3 billion SPAC deal. A blank check business, Mudrick Capital Acquisition Corp. II, is bringing public Eisner’s closely held Topps in a deal that includes up to $571 million in cash.
Hedge Fund and Insider Trading News: Steve Cohen, Elliott Management, BlueMountain Capital Management, Archegos Capital Management, Square Inc (SQ), Alimentation Couche-Tard Inc (ANCUF), and More
With just hours to go before the first pitch of the 2021 season, Steve Cohen finally made the move that will define the early part of his tenure as New York Mets owner. Cohen, a hedge-fund manager who bought the team for $2.4 billion in November, agreed to give star shortstop Francisco Lindor a 10-year contract extension worth $341 million. The deal, which as of early Thursday morning hadn’t been announced, doesn’t start until 2022, potentially keeping Lindor in Queens for more than a decade.
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
Rhenman & Partners wins international fund award at Hedgeweek European Awards: Best Global Hedge Fund
Rhenman Healthcare Equity L/S as the winnerin the category Best Global Equity Hedge Fund of
Hedgeweek Awards 2021. Voting took place following a nomination procedure where the specialist newswire Hedgeweek, in cooperation with Bloomberg, selected the best performing European hedge funds. A total of 21,715 industry experts participated in the final voting. We are extremely pleased with this award which, of course, reflects the strong performance of the fund, but, which in addition, is recognition from our international clients and colleagues in the European fund industry for the way in which we manage the fund. Quite simply, this is the European championship in hedge fund management - and the winner is chosen by the individuals who are active in the asset management industry. This is confirmation that we and our unique investment process are leaders internationally , says Car