Hedge Fund and Insider Trading News: Bill Ackman, Michael Burry, Hickory Lane Capital Management, Elliott Management, Glenview Capital Management, Hibbett Inc (HIBB), Wintrust Financial Corp (WTFC), Electrameccanica Vehicles Corp. (SOLO), and More

Bill Ackman Still Sees a Massive Economic Boom Despite the Delta Variant, Says Rates to Rebound (CNBC)
Billionaire investor Bill Ackman said Monday that the spread of the delta variant doesn’t pose a significant threat to the economic reopening, and he sees interest rates rising on the back of the big comeback. “I hope what it does is that it motivates anyone who doesn’t get the vaccine to get the vaccine. I don’t think it’s going to change behavior to a great extent,” Ackman said in a interview on CNBC’s “Squawk Box.”

Hickory Lane Hedge Fund Founder Cleared of Assault Charges (Bloomberg)
Assault charges against Hickory Lane Capital Management founder Joshua Pearl were dropped by New York prosecutors after they said they didn’t have enough evidence to prove the case beyond a reasonable doubt. Pearl, 40 was arrested last month and charged with assault after a June 2 incident in lower Manhattan involving a 36-year-old woman, according to police. The charges against him were dismissed after a brief court appearance in Manhattan on Monday. The case was sealed and a protective order vacated.

The Difference Between Building A Startup In Bull And Bear Markets (Forbes)
There are three fundamental pillars to startup success – the team, the product, and the market. Choosing the right startup market is crucial for your success, but sometimes market factors are simply out of your control. If you can’t choose to avoid a problem, you need to learn to deal with it. Or even better – to use it as an opportunity. Michael Burry, famous for inspiring the movie “The Big Short” and for making his hedge fund clients around $700 million by predicting the 2008 subprime mortgage crisis, has been saying that we’re currently sitting in the greatest speculative bubble in history. Moreover, he is not alone in his worries that a bear market may be coming.

Covalis Capital's Returns, AUM and Holdings

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Duke Energy Responds to Elliott Management’s Latest Letter (Business Insider)
The new Elliott Management letter to the Board of Directors is the latest attempt to push its short-term agenda at the expense of long-term shareholder value as well as the interests of Duke Energy’s employees and the communities it serves. Duke Energy remains open to value-creating ideas in the company’s pursuit of continuous operational improvement and frequently engages with shareholders for their input, including a good faith engagement with Elliott over the last 12 months.

Monitoring Resiliency and Credit Risk in the Commercial Real Estate Debt Market (Preqin)
The US commercial mortgage finance market reopened remarkably quickly after the start of the pandemic. Today, it is flush with capital for most types of real estate investments. Over the past year, investors such as banks, insurance companies, commercial mortgage-backed securities (CMBS) issuers, mortgage REITs, and private debt funds have been allocating increasing amounts of capital to stable and transitional properties and construction projects.