Hedge Fund and Insider Trading News: Bill Ackman, Cevian Capital, Magnetar Capital, Three Arrows Capital, Bright Health Group Inc (BHG), Lazard Ltd (LAZ), and More

Activist Investor Cevian Capital Bumps Up Its Stake in Aviva: Swedish Hedge Fund’s Holding is Now Worth £802m (This is Money)
Activist investor Cevian Capital has bumped up its stake in Aviva. The Swedish hedge fund, whose boss Christer Gardell has been dubbed ‘the Butcher’, revealed in June that it had taken a 4.95 per cent stake in the British insurer. It has now ramped that up to 5.02 per cent, stock market filings revealed, taking its holding to just over £802million. Gardell has a reputation for ruthlessness and called for the return £5billion of excess cash to shareholders by next year. This month, Aviva’s chief executive Amanda Blanc set out plans to hand back £4billion.

Stuart Davies Joins Magnetar to Spearhead Business Development for Systematic Investing (Business Insider)
EVANSTON, Ill., Aug. 26, 2021 /PRNewswire/ — Magnetar Capital (“Magnetar”), a leading alternative asset manager, today announced the hire of Stuart Davies as head of Business Development, Systematic Investing. A 24-year industry veteran, Davies brings a wealth of alternative investment, client partnership and product innovation experience to Magnetar’s Systematic Investing team.

Honor Roll H1 2021: Hedge Funds in Asia-Pacific (Preqin)
Asia-Pacific-focused hedge funds continued to build on 2020’s positive momentum into the first half of 2021. With the exception of March, Preqin’s All-Strategies Hedge Fund Benchmark was positive in every month of H1. Check out our league tables for a detailed look at the top performing hedge funds in Asia-Pacific by strategy and size, as well as the region’s largest and most active allocators.

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Climbing the Risk-Return Curve (Hedge Nordic)
Stockholm (HedgeNordic) – As part of its allocation process, multi-asset, multi-strategy hedge fund HCP Black has always been invested in real estate, primarily either through listed real estate investment companies or exchange-traded funds (ETFs). Tommi Kemppainen, the CEO of Finnish asset manager Helsinki Capital Partners and portfolio manager of HCP Black, now plans to climb the risk-return curve by investing in a value-add real estate fund.

How Hedge Funds’ Short Books Have Fared This Year (Institutional Investor)
Several long-short funds are deep in the red due to their shorts, while others are in the black despite losses. Shorting in a surging stock market is not exactly a road to riches.Just ask any long-short hedge fund, especially the ones that were caught up early in the year when retail investors jubilantly bid up the stock prices of stocks widely-known to be shorted.