Hedge Fund and Insider Trading News: Anthony Scaramucci, Parvus Asset Management, Inclusive Capital Partners, GATE Capital Management, Carnival Corp (CCL), and More

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US Hedge Fund Makes Move on House Builder Countryside (ConstructionEnquirer.com)
San Francisco based Inclusive Capital Partners (In-Cap) has launched a takeover bid for Countryside Partnerships which is being firmly rebuffed by the house builder. In-Cap went public with its move today after making a confidential approach earlier this month to Countryside. It said: “On 26 May 2022, In-Cap was notified by Countryside that the Company would not engage with In-Cap or provide access to due diligence materials. This represents the second attempt made by In-Cap to engage with the Board of Countryside over the last two months.

Anthony Scaramucci Says Institutions “Ready to Pounce” on Spot Bitcoin ETF (The Block)
As Anthony Scaramucci explained during his last appearance on The Scoop, his firm SkyBridge Capital began investing in bitcoin near the end of 2020. Just under two years later, Scaramucci is positioned near the center of the burgeoning crypto industry, largely due to his role as Chair of finance conference business SALT, which partnered with FTX to host the first annual Crypto Bahamas conference in April of this year.

Parvus Activist Funds Builds Shareholding in Flutter Entertainment (SBCNews.co.uk)
Flutter Entertainment Plc has disclosed that London activist fund Parvus Asset Management has built a 7.1% shareholding in the FTSE100 betting group. The activist’s shareholding was brought to the public’s attention, as Flutter informed investors that Parvus had reached its ‘7% threshold on voting rights’ that required disclosure to markets. Parvus’ 7.1% shareholding has been built by ‘way of equity and option swaps’, as the activist fund has avoided traditional share buys to accumulate its holdings in Flutter.

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Billionaire Chase Coleman Pays $56 Million for Two Point Dume Homes (Dirt.com)
Last summer, Charles Payson “Chase” Coleman III was jogging a victory lap of life. Bloomberg had just crowned the Tiger Global Management chief, 46, as the world’s top-earning hedge fund manager of 2020, with a princely take-home haul of $3 billion. That big win seemed to fulfill Coleman’s lifelong destiny; the blue-blooded New Yorker is a direct descendant of Peter Stuyvesant, the last Dutch governor of New York, and was educated at elite schools. From early adulthood, Coleman was groomed to become a top financier by hedge fund legend Julian Robertson, a longtime family friend.

Brevan Howard Expands into Credit Trading (Hedge Week)
Macro hedge fund manager Brevan Howard Asset Management is expanding its operation with a move into credit trading according to a report by Bloomberg. The report cites unnamed sources as revealing that a group of credit trading specialists are to receive more than $1 billion from Brevan Howard, which to date has focused on rates trading, derivatives and relative value strategies.

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