Hedge Fund and Insider Trading News: Bill Ackman, Crispin Odey, Warren Buffett, Florin Court Capital, Service Corporation International (SCI), Affiliated Managers Group, Inc. (AMG), and More

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Pershing Said to Seek $1 Billion to Fund Universal Music Bet (Bloomberg)
Bill Ackman’s hedge fund Pershing Square Capital Management LP is in discussions to raise $1 billion to help fund its bet on Vivendi SE’s Universal Music Group, according to people with knowledge of the matter. The firm is set to raise the capital, which would supplement $3 billion of its own capital, via a so-called sidecar vehicle, the people said. It would represent Pershing’s seventh co-investment vehicle, and facilitate the purchase of a 10% stake in UMG, one of the people said.

Crispin Odey’s Hedge Fund Places Short Bet Against Meme Stock AMC (Financial News)
The hedge fund of City investor Crispin Odey has placed a bet against the shares of cinema chain AMC, one of a group of so-called meme stocks favoured by retail traders this year. A short position — which bets that the share price of the target firm will fall — has been taken out against AMC by Odey manager James Hanbury, the Financial Times reported.

Warren Buffett’s Berkshire Hathaway has Scored an Almost $2 Billion Gain on DaVita Stock in the Past Year (Business Insider)
Warren Buffett‘s Berkshire Hathaway has scored almost a $2 billion gain on DaVita stock in the past year, likely propelling the kidney-dialysis specialist into the conglomerate’s 10 most-valuable portfolio holdings. The famed investor’s company holds 36.1 million shares of DaVita, giving it a 34.4% stake, a regulatory filing showed this week. DaVita’s stock price closed at a record high of $134 on Wednesday, valuing Berkshire’s position at $4.8 billion – up 60% from about $3 billion a year ago.

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Copper.co Expands to US Market Following Alan Howard Investment (Coin Telegraph)
United Kingdom-based digital asset and trading platform provider Copper.co is stepping into the United States market after appointing Glenn Barber as head of sales and development. Barber’s appointment to lead the new U.S. office comes as “the next step in the company’s expansion” strategy. Headquartered in London, Copper.co has managed to raise $84.3 million through funding rounds, with the latest being a Series B investment that helped the company raise $50 million. As reported recently by Cointelegraph, the previous funding also saw the involvement of Alan Howard, a billionaire hedge fund manager who led a $25-million extension in the mix, bringing up the funds to $75 million in total.

Hedge Fund Manager Florian Court Capital Partners with Abu Dhabi Investment Office (Hedge Week)
London hedge fund manager, Florin Court Capital, is expanding into the UAE by partnering with the Abu Dhabi Investment Office (ADIO) under its USD545 million Innovation Programme. As part of the deal, Florin Court will establish its new trading, research and operations hub in the Abu Dhabi Global Market (ADGM), the Emirate’s international financial centre and expand their international footprint from Abu Dhabi. This follows the UK’s post-Brexit investment partnership deal with the UAE, announced earlier this year and demonstrates a further strengthening of ties between the UK’s leading asset managers and the Gulf state.






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