Goldman’s Yuriy Podoshev Heads to Hedge Fund Bridgewater as Engineering Director (Financial News)
Bridgewater Associates, one of the world’s biggest hedge funds, hired Yuriy Podoshev to boost its engineering team. Podoshev, who joined Bridgewater as engineering director, previously spent almost 16 years at Goldman Sachs. In his most recent role, Podoshev was a managing director and global head of loans engineering.
New York Based Hedge Fund Opens Tel Aviv Office (Jewish Press)
The New York based Third Point LLC hedge fund opened an office this week in Tel Aviv, Ynet reported. The new office is to be headed by Sapir Harosh, an IDF military intelligence veteran who joined the firm earlier this year. Harosh previously worked at the Israeli Pitango company. The $14 billion firm headed by billionaire investor Daniel Loeb is searching for start ups in the Jewish State, according to the report. Loeb has previously invested with Nestle SA and Walt Disney Company, among others.
Mark Zuckerberg’s Metaverse Strategy Is Alarming Investors, and One Is Calling on Meta to Slow Down (Observer.com)
Altimeter Capital, a hedge fund and Meta shareholder, says Meta should lay off 20 percent of its workforce and limit spending to regain the lost confidence of investors. Investors are losing confidence in Meta, according to a longtime shareholder. Brad Gerstner, the CEO of Altimeter Capital, a hedge fund that owns 0.1 percent of Meta, published an open letter to Mark Zuckerberg and Meta’s board on Oct. 24. The loss of confidence began last year when Facebook changed its name to Meta and increased investments in the metaverse, he wrote in the letter published on Medium. Meta took a chance on its business when it pivoted from social media to artificial intelligence and developing the metaverse. Embracing risk might be better than falling behind on a potentially game-changing new technology, but Meta hasn’t yet been able to convince investors or the press its project is worth it.
Pixabay/Public Domain
Norron to Swallow Last Nordic Cross Fund (Hedge Nordic)
Stockholm (HedgeNordic) – As part of Carnegie Fonder’s takeover of hedge fund boutique Nordic Cross Asset Management, one Nordic Cross hedge fund has been liquidated, a second one has been merged into a Carnegie fund, and a third one continues its journey under the Carnegie brand. The fourth Nordic Cross hedge fund, Nordic Cross Stable Return, will be merged into the long/short equity fund of fellow Swedish fund manager Norron AB.
Hedge Fund Schonfeld Keeps Hiring Women in London (eFinancialCareers)
US hedge fund Schonfeld is building its London team, and it’s doing it in style. Niamh Taylor, who joined the firm as EMEA head in June this year in a huge move – which Schonfeld chief strategy officer Danielle Pizzo called a “milestone” – has been the leading the charge. Prior to Schonfeld, Taylor spent eight and a half years at JPMorgan, where she was a managing director in prime and alternative sales. She was previously head of EMEA and APAC sales for prime fund services at Credit Suisse and head of EMEA and APAC sales for fund administration at Goldman Sachs.
Hedge Fund Backed Databricks Cuts Its Valuation (Institutional Investor)
Five high-profile hedge fund firms or their VC arms have made multiple investments in the company. Another highly valued private company with heavy hedge fund ownership has marked down its valuation. Databricks has cut its internal share price by 7 percent to $55.77 from $59.95 a year ago, according to The Information, citing a person familiar with the matter.
UK Hedge Funds Still on the Lookout for Top Talent Despite Tough Market Conditions (Hedge Week)
Despite tough market conditions leading to job cuts in some sectors of the financial services industry, UK hedge funds are still on the lookout for top talent, according to a report by Financial News London. And the they’re spreading the recruitment net wide with ‘shopping’ lists that include everyone from technology graduates to portfolio managers. Brevan Howard is currently recruiting for 12 positions, including a quantitative developer, portfolio financing analyst, and software developer, are among the 12 current open positions at Brevan Howard according to the company’s LinkedIn page, while in September the firm appointed Kevin Gage as its new chief technology officer (CTO).
Tuesday 10/25 Insider Buying Report: LMT, CCI (Nasdaq.com)
At Lockheed Martin, a filing with the SEC revealed that on Thursday, Director John Donovan purchased 568 shares of LMT, for a cost of $441.43 each, for a total investment of $250,732. So far Donovan is in the green, up about 4.8% on their buy based on today’s trading high of $462.57. Lockheed Martin is trading up about 0.1% on the day Tuesday. Before this latest buy, Donovan purchased LMT on 2 other occasions during the past year, for a total investment of $500,603 at an average of $417.17 per share. And at Crown Castle, there was insider buying on Friday, by Director Matthew Thornton III who purchased 1,215 shares for a cost of $123.78 each, for a trade totaling $150,398. Crown Castle is trading up about 3.6% on the day Tuesday.
Around $60 Million Bet On DICE Therapeutics? 3 Stocks Insiders Are Buying (Benzinga)
DICE Therapeutics: The Trade: DICE Therapeutics, Inc. (DICE) Director Rajeev Shah acquired a total of 1,640,000 shares an average price of $36.50. To acquire these shares, it cost around $59.86 million. Rocket Companies: The Trade: Rocket Companies, Inc. (RKT) CEO Jay Farner bought a total of 86,800 shares at an average price of $6.90. To acquire these shares, it cost around $599.27 thousand.
Hedge Fund Manager Komey Tetteh Uses Life Lessons To Benefit In Financial Markets (AmericaDailyPost.com)
Freelance Hedge Fund Manager Komey Tetteh rose to great heights in career from humble beginnings. The genius used the available average tools to bring forth extraordinary results in the financial markets. Today the hedge fund manager provides trading services for hedge funds with more than 100 million capital under management. Though most of the hedge fund managers work for an organization, Tetteh prefers freelance work as it adds value to existing funds due to his additional strategies planned for the clients.
