Hedge Fund and Insider Trading News: Bill Ackman, Ken Griffin, Tom Steyer, Mongodb Inc (MDB), OceanaGold Corp (OCANF), and More

Billionaire Investor Bill Ackman Offers New Hints on Possible Targets for His Record-Breaking SPAC (Business Insider)
Billionaire hedge fund manager Bill Ackman gave new hints at which companies he may target with his record-breaking blank-check firm. Pershing Square Tontine Holdings is looking at employee-owned and family-controlled businesses for a potential merger, Ackman told investor Whitney Tilson in an interview, according to Bloomberg. Ackman previously indicated his special-purpose acquisition company was eyeing “mature unicorns” and “high-quality, venture-backed businesses.”

How Citadel CEO Ken Griffin Built a $1 Billion Private Property Portfolio (The Wall Street Journal)
In the early 1900s, the country’s wealthiest businessmen including William Randolph Hearst and John D. Rockefeller built sprawling, gilded estates. Living at that kind of boundless scale fell out of favor with subsequent generations, however, and these kinds of estates were either subdivided or turned over to the state or to preservationists. Now, hedge-fund multibillionaire Ken Griffin appears to be mounting a single-handed campaign to bring that level of extravagance back into vogue.

Meet Billionaire Politician Tom Steyer’s Wife, A Pioneering Impact Investor On A Mission To Spend $1 Billion Righting Society’s Wrongs (Forbes)
On March 1st, as she gathered with thousands of others to march across the Edmund Pettus Bridge in Selma, Alabama on the 55th anniversary of Bloody Sunday, Kat Taylor burst into a rendition of Aretha Franklin’s “Do Right Woman, Do Right Man.” These days, Taylor is best known as the singing spouse of billionaire climate change activist and ex-Democratic presidential candidate Tom Steyer. But in the world of impact investing, she’s famous in her own right for the breadth and ambition of her efforts, as well as her musical shtick. Indeed, Taylor’s efforts are the big reason the couple made the Forbes Impact 50 for 2020.

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Pareto Twins Move Up in Lockstep (Hedge Nordic)
Stockholm (HedgeNordic) – Despite using different legal structures, and thereby different investment rules and limits, and focusing on slightly different market segments, both Pareto Nordic Alpha and Pareto Nordic Omega moved up in lockstep last month. The two Nordic-focused long/short equity funds run by Christian Nygaard made last month’s top ten list of best performers in the Nordic hedge fund industry, with their September gains taking their year-to-date advance into double digits.

Citadel Securities to Buy NYSE Market-Making Unit of Smaller Rival IMC (Bloomberg)
Electronic trading giant Citadel Securities will bolster its already huge presence at the New York Stock Exchange by buying the NYSE market-making business of smaller rival IMC Financial Markets, the companies said. The deal would solidify Citadel Securities’ status as the largest designated market maker at the exchange. DMM firms are tasked with ensuring orderly trading of stocks listed on the NYSE. They gain certain trading privileges in return, and their blue-jacketed traders occupy a prominent position in the center of the exchange’s historic trading floor.

‘A’ Rating Propels Trium ESG Emissions Impact Fund into Square Mile’s ‘Academy of Funds’ (Hedge Week)
The Trium ESG Emissions Impact Fund has been included in Square Mile’s Academy of Funds, having been awarded an ‘A’ rating by the investment consultant. The Academy is a showcase of recommended funds for advisers and clients. Since launch, the fund, which is run by a team led by portfolio manager Joe Mares, has delivered consistently strong risk-adjusted returns, despite acute market volatility. In September, the fund returned +76bps, taking year-to-date performance to +9.34 per cent. The equity market neutral strategy, which brings about positive impact by engaging with companies in high-emitting sectors to implement lower CO2 emissions, has also demonstrated it is a source of dependable uncorrelated returns. Since launch, the fund has had a -0.29 correlation and a -0.06 beta to the STOXX Euro 600.

Billionaire ‘Bond King’ Jeff Gundlach Warns Stocks will Crash, Predicts a Weaker Dollar, and Questions Bitcoin in a New Interview. Here are the 10 Best Quotes (Business Insider)
Billionaire “Bond King” Jeff Gundlach warned stocks will crash within 18 months, predicted the US dollar will tumble in the long run, and voiced his doubts about bitcoin in a RealVision interview filmed on October 1 and released on Friday. Gundlach, the founder and CEO of DoubleLine Capital, also called out Chipotle’s valuation, criticized welfare, and argued the only US equities that make sense to own right now are the largest technology stocks.

Mongodb Inc (MDB) President & CEO Dev Ittycheria Sold $54.8 million of Shares (Guru Focus)
President & CEO of Mongodb Inc., Dev Ittycheria, sold 225,000 shares of MDB on 10/06/2020 at an average price of $243.4 a share. The total sale was $54.8 million. MongoDB Inc develops and sells subscriptions to a modern, general purpose database platform. It also provides post-contract support, training, and consulting services for its offerings.

The Rise of Liquid Alternative Investments in Europe (Preqin.com)
Most alternative investments, such as private equity and hedge funds, have historically been offered as illiquid private placements sold to high-net-worth and institutional investors. Private placements require less disclosure than publicly traded products and have little to no regulations on leverage, derivatives, short selling, or concentrated positions. The regulation governing open-end investment funds in Europe is the Undertakings for Collective Investments in Transferrable Securities (UCITS).

Hedge Funds Turning Back to Insurance (Asia Insurance Review)
Drawn by the sharp increases in premiums that are improving the industry’s post-pandemic prospects, hedge funds are coming back to the insurance industry. According to a Reuters report the London-based hedge fund Toscafund, which five years back had ditched the shares it held in insurance companies, is coming back to the insurance. Insurers have faced a surge in claims spanning trade credit to event cancellations as a result of the pandemic. Some have pulled out of unprofitable lines of business. For those that remain, however, the crisis has led to a steep rise in premiums, or a hardening market, typical after a period of heavy losses.

The Executive Vice-President & Chief Development Offi of OceanaGold (Other OTC: OCANF) is Selling Shares (Analyst Ratings)
Today, the Executive Vice-President & Chief Development Offi of OceanaGold (OCANF), Mark David Cadzow, sold shares of OCANF for $61.8K. Currently, OceanaGold has an average volume of 192.96K. The company has a one-year high of $2.99 and a one-year low of $0.80.

Planet Fitness Inc (PLNT) CEO Christopher Rondeau Sold $16.4 million of Shares (Guru Focus)
CEO of Planet Fitness Inc., Christopher Rondeau, sold 250,000 shares of PLNT on 10/08/2020 at an average price of $65.4 a share. The total sale was $16.4 million. Planet Fitness Inc is a franchisor and operator of fitness centers in the United States. It has approximately more than 8.7 million members and more than 1,200 stores in 47 states, the District of Columbia, Puerto Rico, Canada and the Dominican Republic.