Hedge Fund and Insider Trading News: Bill Ackman, Jim Chanos, Ray Dalio, Ironhold Capital, CARN Capital, Whale Rock Capital Management, Shockwave Medical Inc (SWAV), MaxLinear, Inc. (MXL), and More

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Whale Rock Dumps DocuSign, But Adds to Big E-Commerce Bet — Here are the Fund’s Top Holdings (CNBC)
Alex Sacerdote’s Whale Rock Capital Management shuffled its deck of tech stocks during the third quarter, dumping one of its largest holdings and adding a stake in a top e-commerce stock, according to securities filings. Sacerdote, one of the rising stars of the hedge fund world, started Whale Rock in 2006 and made big bets on stay-at-home stocks earlier this year. The fund has nearly $15 billion in equity assets, according to FactSet.

CARN’s Latitude and Longitude (Hedge Nordic)
Stockholm (HedgeNordic) – Norwegian asset manager CARN Capital is renaming its long/short fundamental equity fund CARN Long Short into CARN Latitude following the launch of a long-only equity fund. “The long/short equity fund is joined by Longitude – a carve-out of our long book,” Erik Haukaa, the recently-appointed Head of Investor Relations at CARN Capital, tells HedgeNordic. “A ‘carn’ is a marker meant to point out direction, by functioning as a navigational reference,” Haukaa explains the origin of the names of the long/short and long-only equity funds. “After five years in operation, we are very happy to announce that we are taking another step on our journey at CARN – by launching a long-only fund,” Haukaa tells HedgeNordic.

Jim Chanos Sounded the Alarm on Day Traders, Corporate Fraud, and Gig-Economy Companies in a Recent Interview. Here are the 12 Best Quotes (Business Insider)
Veteran short-seller Jim Chanos sounded the alarm on day trading, fraud, and gig-economy companies in a RealVision interview published this week and filmed on November 11. The president of Kynikos Associates – who famously shorted Enron before it filed for bankruptcy in 2001 — also discussed IBM, Wirecard, and heady market valuations.

Insider Trading Wall Street Trader Panic

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Ray Dalio Admits He May Be Wrong About Bitcoin But Still Concerned of Government Ban (Bitcoin.com)
Billionaire hedge fund manager Ray Dalio has admitted that he may be wrong about bitcoin after stating that governments will ban the cryptocurrency if it “becomes material.” Dalio founded Bridgewater Associates; his hedge fund is the largest in the world. Ray Dalio Open to Learning About Bitcoin: Bridgewater Associates founder Ray Dalio has admitted that he may be wrong about bitcoin after stating last week that he did not think that cryptocurrencies “will succeed in the way people hope they would.” He further said that governments will outlaw bitcoin if it becomes material.

Start-Up Hedge Fund Ironhold Scopes US-India Dynamic with Novel Equity-Currency Approach (Hedge Week)
Launched earlier this year, New York-based Ironhold Capital’s equity-focused hedge fund is seeking to capitalise on opportunities in value-oriented stocks across the US and India. Influenced by the investment styles of the likes of Joel Greenblatt, Warren Buffett and Ray Dalio, Ironhold combines elements of stock market value investing with currency hedging into one strategy, explains Siddarth Singhai, the firm’s chief investment officer.

Bill Ackman is Bullish on Stocks for 2021, But has a Hedge Position for a ‘Tragic’ End to 2020 (CNBC)
Billionaire hedge fund manager Bill Ackman, who made big money betting against the markets earlier this year, said he’s optimistic about a recovery in 2021, but investors will need to get through a “tragic” year-end first. “We think the next couple of months unfortunately are going to be tragic and very difficult for the globe and for our country in particular,” Ackman said on a Pershing Square quarterly earnings call Thursday. “We have basically a 9/11 every day.”

AQR to Liquidate Some Funds After ‘Persistent Outflows’ (Institutional Investor)
AQR Capital Management is slimming down, this time in the mutual fund world. Next month, the alternative investment firm plans to shut down several liquid alternative mutual funds, including a multi-strategy alternative fund, high- and low-volatility funds, and a volatility risk premium strategy, and according to Securities and Exchange Commission filings.

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