Hedge Fund and Insider Trading News: Anthony Scaramucci, Michael Burry, Bill Miller, Brevan Howard Asset Management, Engine No. 1, Bright Health Group Inc (BHG), J2 Global Inc (JCOM), and More

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Scaramucci’s SkyBridge Accelerates Its Move into Crypto with a Blockchain Partnership (CNBC)
SkyBridge Capital’s Anthony Scaramucci is stepping up his firm’s move into the cryptocurrency world, announcing on Monday a partnership aimed at expanding into the blockchain universe. The hedge fund is joining with trading platform NAX in a series of fundraising efforts, the first of which will seek to bring in up to $250 million.

‘Big Short’ Investor Michael Burry Offers an Inside Look at How his Iconic Bet Against the Housing Bubble Began (Business Insider)
Michael Burry, of “The Big Short” fame, reflected on the origins of his iconic bet against the US housing bubble, and praised a late colleague who helped him research the wager, in a tweet on Sunday. “When it all began…and RIP Joe,” the Scion Asset Management boss said. “A more brilliant one, I never met.” The investor shared a screenshot of an email he sent to one of his employees, Joe Sipley, on May 19, 2005. The email directed Shipley to analyze a list of mortgage-backed securities and pinpoint the riskiest ones – those linked to mortgages at high risk of default, but not priced to reflect that danger.

Bill Miller’s Multibillion-Dollar Hedge Fund Chooses Bitcoin Over Gold As Upside Potential For BTC Looks More Attractive (ZyCrypto)
Bitcoin as a fitting substitute for gold has been a point that many investors within and outside the crypto market have been upholding for a long period of time. Miller Opportunity Trust Fund reckons Bitcoin still has an edge over gold: Very recently, Miller Opportunity Trust which is a value fund headed by Billionaire Bill Miller has pointed out the significance of Bitcoin as digital gold, while affirming that it is not so late to step into the market at this time.

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Engine No. 1 Aims to Tie Company Valuations to Climate Impact (Reuters)
Sept 13 (Reuters) – Engine No. 1, which won an against-the-odds board challenge against Exxon Mobil Corp (XOM.N) earlier this year, is publishing a framework for investing on Monday that pushes for a value to be assigned to how corporate activities affect climate and society. The “total value framework” provides significant new insight into how the San Francisco-based firm, which has about $430 million in assets under management, picks companies to invest in. The framework was outlined exclusively to Reuters ahead of its publication.

50 South Capital, General Partner of ND Growth Fund, Expands Team (Business Wire)
FARGO, N.D.–(BUSINESS WIRE)– 50 South Capital Advisors, LLC, the general partner of the newly-formed North Dakota Growth Fund, recently named Kodee Furst a Director in its private equity group, enhancing the firm’s reach across North Dakota as it assists in the development of the state’s growing private capital ecosystem. Furst will source, evaluate and execute primary fund investments and direct investments in the private capital space, with a specific focus on North Dakota. She will also participate in fundraising and portfolio management activities.






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