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Hedge Fund and Insider Trading News: Alan Howard, Ray Dalio, Stanley Druckenmiller, Honest Capital, Morgan Creek Capital Management, ExodusPoint Capital Management, Saba Capital Management, WSFS Financial Corporation (WSFS), Facebook Inc (FB), and More


Hedge Fund and Insider Trading News: Alan Howard, Ray Dalio, Stanley Druckenmiller, Honest Capital, Morgan Creek Capital Management, ExodusPoint Capital Management, Saba Capital Management, WSFS Financial Corporation (WSFS), Facebook Inc (FB), and More
BOSTON (Reuters) – Hedge fund
Honest Capital said on Tuesday that it opposes a $2.8 billion deal that At Home Group Inc signed last week to sell itself to private equity firm Hellman & Friedman, even as the U.S. home goods retailer searches for a higher bid. Honest Capital wrote to the company’s board of directors to argue the $36-per-share all-cash deal was too low a valuation for At Home, given that it has plans to more than double its number of stores to 600 and consumers have more cash to spruce up their decor. Home decorating trends are expected to be fueled by low mortgage rates, continued housing demand and a trend for ongoing work from home after the pandemic. ....

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Billionaire Alan Howard to return cash from secretive hedge fund


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Billionaire Alan Howard Returns Money From Secretive Hedge Fund After Record Run


by Tyler Durden
Tuesday, May 11, 2021 - 12:24 PM
Just weeks after Brevan Howard last made the headlines on reports that it was buying bitcoin as a hedge against de-dollarization, the firm s billionaire co-founder Alan Howard has reportedly started returning assets from the main fund he has managed over the past year - known as the Brevan Howard AH Master Fund, which he started four years ago in order to make bigger and riskier bets, and which has helped fuel the firm s stunning outperformance in recent years.
Bloomberg, which broke the news, speculated that Howard might be returning assets as part of a shift in strategy that will see him spend more time managing the firm s other pools of money. A few months ago, Bloomberg reported on rumors that Howard was in talks to bring another $500 million chunk of money to the main master fund. ....

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Billionaire Howard to return cash from secretive hedge fund

Billionaire Howard to return cash from secretive hedge fund
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Alan Howard to return cash from secretive hedge fund


Alan Howard to return cash from secretive hedge fund
Alan Howard to return cash from secretive hedge fund
Bloomberg
Alan Howard
Billionaire Alan Howard is returning money to investors from the secretive hedge fund that he personally runs.
He s redeeming clients in the Brevan Howard AH Master Fund that he started four years ago to make bigger and riskier bets, according to people with knowledge of the matter. Mr. Howard will continue to manage capital for the firm s two other money pools, the people said, asking not to be identified because the details are private. It s not immediately clear if Mr. Howard is shutting the fund altogether. ....

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