Hedge Fund and Insider Trading News: Bill Ackman, David Einhorn, Stanley Druckenmiller, Bridgewater Associates, Senvest Management, Ursa Fund Management, Cavco Industries Inc (CVCO), and More

William Ackman’s Hedge Fund Takes Stake in Netflix (The Wall Street Journal)
Pershing Square has purchased more than 3.1 million shares of the streaming service. Billionaire investor William Ackman said his hedge fund has acquired 3.1 million shares of Netflix Inc., attracted by a recent selloff of the streaming giant’s stock. Pershing Square, the fund, said it acquired a stake in Netflix due to a combination of investors’ negative reaction to the streaming company’s subscriber growth in the fourth quarter and recent market volatility.

Bridgewater Says Fed Won’t Blink Before ‘Much Bigger’ Stock Drop (Bloomberg)
How much further is the Federal Reserve willing to let stocks slide? That’s the burning question of the moment for financial markets, and Greg Jensen, co-chief investment officer at Bridgewater Associates, has an answer: as much as 20% more. That’d put the S&P 500 below 3,500, or close to where it was before the Covid-19 pandemic began two years ago. The benchmark U.S. index closed Wednesday at 4,350.

David Einhorn Predicts Inflation will Cause a Recession, Adds New Positions (CNBC)
Greenlight Capital’s David Einhorn said persistently high inflation is eventually going to tip the U.S. economy into another recession, regardless of what the Federal Reserve will do to combat surging prices. The star hedge fund manager revealed Wednesday in an investor letter that his firm has already started hedging against this scenario.

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Hedge Funds Industry Inflows Total USD19.3bn in November (Hedge Week)
The hedge fund industry extended its monthly inflow streak to nine consecutive months in November, bringing in USD19.3 billion in new assets. November’s inflows represented 0.41 per cent of hedge fund industry assets, according to the Barclay Fund Flow Indicator published by BarclayHedge, a division of Backstop Solutions. Over the course of its nine-month streak, the hedge fund industry has added USD199.8 billion in new assets.

BitBull Capital Launches Two New Crypto Hedge Funds (Opalesque)
BitBull Capital, a fund management company in San Francisco, has introduced two new funds that aim to offer innovative crypto hedge fund strategies to an institutional, family office, and accredited investors. “BitBull Capital, which has pioneered innovative crypto hedge fund strategies since 2017, offers investors direct, early-stage access to crypto projects through its new Alpha Fund, and market-neutral DeFi Yield Farming returns through its new Yield Fund,” said a press release from the fund manager.