Hedge Fund and Insider Trading News: Alan Howard, Whitney Tilson, Ray Dalio, Michael Burry, GoldenTree Asset Management, Vasanta Master Fund, Natera Inc (NTRA), and More

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Crypto Hedge Fund Elwood Closes $70M Funding Led by Goldman Sachs and Dawn Capital (Coin Desk)
Elwood Technologies, the cryptocurrency company backed by billionaire fund manager Alan Howard, raised $70 million in a funding round co-led by Goldman Sachs (GS) and Dawn Capital. The Series A round also included U.K. bank Barclays (BCS) and Commerzbank’s CommerzVentures, as well as Galaxy Digital Ventures, BlockFi Ventures, Flow Traders, Chimera Ventures and Digital Currency Group (CoinDesk’s parent company).

Time to Get Out Of Cryptos, Hedge Fund Manager Says After Thursday’s ‘Lehman Moment” (Benzinga)
The cryptocurrency market has been in the doldrums, and the correction has polarized people over whether a bottom has been reached. What Happened: Hedge fund manager Whitney Tilson said on Thursday that it was time to get out of cryptocurrencies and wait to “rejoin the game.” The analyst said with such a speculative asset, investors would have to price in momentum, given that it is impossible to value cryptocurrencies.

‘Big Short’ Investor Michael Burry Reveals Bet Against Apple Stock — and Built Stakes in Alphabet and Meta Last Quarter (Business Insider)
Michael Burry‘s Scion Asset Management placed a bearish wager against Apple stock last quarter. “The Big Short” investor bought a bunch of stocks including Alphabet, Meta Platforms, and Discovery. The raft of purchases helped to double the value of Scion’s US stock portfolio to $165 million. Michael Burry, the investor of “The Big Short” fame, placed a bet against Apple and loaded up on other stocks last quarter, a Securities and Exchange Commission filing revealed on Monday.

Top 10 Stocks to Buy According to John Orrico's Water Island Capital

Source: pexels

GoldenTree Closes $599m CLO Under GLM Strategy (Hedge Week)
GoldenTree Loan Management II (GLM II) and its affiliated investment manager GoldenTree Asset Management (GoldenTree), has closed a $599 million collateralised loan obligation (CLO) to be managed by GLM II. With the closing of this CLO, GoldenTree Loan Management US CLO 12 (GLM US CLO 12), GoldenTree has issued 18 CLOs totalling over $10.5 billion under its GLM CLO strategy. Since its inception in January 2017, the GLM strategy was intended to be compliant with applicable Risk Retention regulations. While a US Court of Appeals ruling on 9 February, 2018 led to the repeal of US risk retention rules for open market CLOs, GLM CLOs are intended to continue to comply with European Union and United Kingdom Risk Retention regulations.

Activist Fund Targets Maker of Maruchan Ramen Noodles Over Governance, Sources Say (Reuters)
TOKYO, May 16 (Reuters) – A Singapore-based activist investor is pressing the Japanese maker of “Maruchan” ramen noodles to improve group governance and explain why a majority-owned subsidiary remains listed, two people familiar with the matter told Reuters. Vasanta Master Fund has filed shareholder resolutions ahead of the June annual general meetings of Toyo Suisan Kaisha Ltd and its 50.9% owned subsidiary, Yutaka Foods Corp., according to the people, who spoke on condition of anonymity because the information was not public.

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