Hedge Fund and Insider Trading News: Andy Redleaf, Tom Steyer, SAC Capital Advisors, Chegg Inc (CHGG), Urstadt Biddle Properties Inc (UBA), and More

A New leaf: why a Hedge Fund Manager Bought a Bank (Risk.net)
Andy Redleaf founded a $6 billion hedge fund. Now he runs a small community bank. In many ways, Andy Redleaf was a quintessential hedge fund manager. A Yale University maths graduate, he traded options at Gruntal & Co – alongside investing legend-to-be Steven Cohen – and in the Chicago options-trading pits before co-founding Deephaven Capital Management in 1994 and then Whitebox Advisors in 2000. At Whitebox, he predicted the subprime crisis and subsequent economic recovery. Then, he started to go off-script.

U.S. Activist Investors Post Strong Gains as Needling Companies Pays Off (Reuters)
BOSTON (Reuters) – Activist investors who are shaking up Corporate America with calls for operational fixes, refreshed boards and even sales of a company are delivering their best returns in six years with double-digit gains for 2019 after big losses in 2018. The surge in returns is energizing experienced corporate agitators as well as newcomers and may force more companies into costly battles with shareholders over their corporate future next year, managers, lawyers and bankers said.

Steyer Takes Shot at Buttigieg on Climate Change: ‘Why aren’t You Stronger?’ (Fox News)
MANCHESTER, N.H. – Democratic presidential candidate Tom Steyer accused nomination rival Pete Buttigieg on Monday of not being aggressive enough on the issue of climate change. Steyer, speaking with reporters while campaigning in New Hampshire, was asked a question by Fox News about another rival – Sen. Elizabeth Warren of Massachusetts. But he quickly pivoted to the South Bend, Ind., mayor who was a popular target at last week’s primary debate – saying “to me the question, which I asked Pete Buttigieg on the stage, is why don’t you have a better climate stance?”

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Warren Buffett’s Likely Successor will be Geico’s Next CEO – Here’s How He Prepared Todd Combs for the Role (Business Insider)
Warren Buffett‘s deputy, Todd Combs, is set to become CEO of Geico starting next year. Combs will continue to oversee $14 billion in assets as an investment manager at Buffett’s Berkshire Hathaway conglomerate. Leading the nation’s second-largest auto insurer while managing a massive portfolio might seem unfeasible, but a review of Buffett’s annual shareholder letters suggests he’s been preparing Combs for this type of role. Combs’ joint responsibilities will also be valuable practice for running the entirety of Berkshire one day.

Hedge Fund Software Market Complete Competitive Analysis and Detailed Geographical Study 2019 – 2025| FundCount, NorthstarRisk, FXCM (MarketReportObserver.com)
Los Angeles, United State,December 24th,2019 :QY Research offers an overarching research and analysis-based study on the global Hedge Fund Software Market , covering growth prospects, market development potential, profitability, supply and demand, and other important subjects. The report presented here comes out as a highly reliable source of information and data on the global Hedge Fund Software market. The researchers and analysts who have prepared the report used an advanced research methodology and authentic primary and secondary sources of market information and data. Readers are provided with clear understanding on the current and future situations of the global Hedge Fund Software market based on revenue, volume, production, trends, technology, innovation, and other critical factors.