Hedge Fund and Insider Trading News: Anthony Scaramucci, Warren Buffett, Agecroft Partners, Effissimo Capital Management, Biohaven Pharmaceutical Holding Co Ltd (BHVN), Square Inc (SQ), and More

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Anthony Scaramucci Says it’s Not Too Late to Buy Bitcoin – Just Look at Amazon’s Run Since 2009 (CNBC)
SkyBridge Capital founder Anthony Scaramucci believes bitcoin can move even higher over the long term and become a less volatile asset as adoption picks up. He likened his outlook on the digital cryptocurrency to shares of Amazon. Scaramucci made the comparison during an interview Thursday on CNBC’s “Squawk Box.” Co-host Andrew Ross Sorkin asked the hedge fund manager what would happen to the price if early bitcoin investors sell the digital currency because they can no longer generate outsized returns.

Toshiba Investors Back Hedge Fund’s Call to Probe AGM Voting (Bloomberg)
Investors of Toshiba Corp. delivered a stern rebuke to management, passing a resolution put forward by an overseas-based hedge fund to investigate the fairness of voting at the 2020 annual shareholders’ meeting. The proposal by Singapore-based Effissimo Capital Management, a secretive fund that is Toshiba’s largest shareholder, called for the appointment of independent investigators to probe voting at the company’s last AGM, where the fund says several investors were “unable to vote in a manner consistent with their intentions.”

Video: Nordic Hedge Funds Continue Run (Hedge Nordic)
Stockholm (HedgeNordic) – The Nordic Hedge Index enjoyed its fourth consecutive month of positive returns in February. The NHX advanced by 1.3% in February, now up 1.9% on the year. The advance was broadly supported with four of the five sub-strategies gaining. The short video gives an update on the top and bottom performers of the month, as well as brief updates from HCP Quant, Symmetry Invest and Estlander & Partners. Also, don’t miss the introduction from the five managers nominated for the “Best Nordic Hedge Fund (Overall)” at the 2020 Nordic Hedge Award.

Trends in Demand for Hedge Fund Strategies (Hedge Week)
By Don A Steinbrugge, Agecroft Partners – The hedge fund industry is dynamic, comprising of numerous strategies that attract varying degrees of interest over time. Demand for each strategy is impacted by many variables including capital market valuations, expectations of economic growth, inflation, market liquidity, and risk appetite, among others. Industry professionals spend a great deal of time analysing these variables in order to identify which strategies they believe offer the best opportunities for out-performance. One way to consider this is to ascertain which strategies are attracting current investor interest.

United Development Funding IV Recommends Shareholders Reject Hedge Fund NexPoint’s Third Extended Hostile Tender Offer; Provides Supplemental Information (GlobeNewswire.com)
GRAPEVINE, Texas, March 18, 2021 (GLOBE NEWSWIRE) — United Development Funding IV (“UDF IV” or the “Trust”) announced that it recommends Trust shareholders reject the third extended unsolicited tender offer made by hedge fund NexPoint Strategic Opportunities Fund (“NexPoint”) to purchase all Trust common shares (the “Shares”) for $1.10 per share (the “Tender Offer”). Shareholders should be aware that they are not required to tender any Shares to NexPoint. To reject the Tender Offer, a shareholder should simply ignore it.

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