Hedge Fund and Insider Trading News: Bill Ackman, Mike Novogratz, Sanjay Shah, LIOR Global Partners, Anomaly Capital, Two Sigma Investments, Intercept Pharmaceuticals Inc (ICPT), Kaiser Aluminum Corp. (KALU), and More

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Bill Ackman, an Early Coupang investor, Donates His More than $1 Billion Stake to Charity (CNBC)
Billionaire investor Bill Ackman said Monday he donated his entire stake in Coupang – worth more than $1 billion – to charity following the South Korean e-commerce company’s IPO last week. Ackman, who runs the Pershing Square Capital Management hedge fund, invested his personal money as an early backer of Coupang, CNBC first reported last Thursday on the firm’s NYSE debut.

Two Sigma to Test Remote Work Twice a Week After Labor Day (Bloomberg)
Two Sigma Investments plans to ask staff to return to the office in September and will experiment with a hybrid model that allows them to work remotely two days a week. Employees should expect the change to take effect after Labor Day, “but that’s going to depend on the science, the availability of vaccines, and schools opening, global regulations,” Two Sigma Chief Technology Officer Jeff Wecker said Monday during the AI and Data Science in Trading conference.

Billionaire Investor Mike Novogratz Says Bitcoin will be Like a Report Card that Measures How the Government is Handling Citizens’ Finances (Business Insider)
Bitcoin bull Mike Novogratz told CNBC on Monday he expects citizens to view bitcoin as a report card that measures how the government is handling their finances. “Bitcoin will literally be like a report card for how citizens think the government is doing managing their finances,” the Galaxy Digital CEO said on CNBC’s “Squawk Box” after the cryptocurrency hit a record high above $61,000 over the weekend.

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New Hedge Fund Anomaly Capital Picks 510 Madison for HQ (Commercial Observer)
Anomaly Capital Management, a new hedge fund founded by the former co-chief investment officer of Viking Global Investors, will set up shop at 510 Madison Avenue in Midtown, Commercial Observer has learned. Anomaly inked a deal for 11,500 square feet on the entire 25th floor of Boston Properties’ 30-story building between East 52nd and East 53rd streets, a source with knowledge of the deal said.

Blackstone’s Hedge-Fund Business to Launch Growth Strategy (The Wall Street Journal)
The world’s biggest investor in hedge funds has hired former hedge-fund manager Scott Bommer to launch a new growth strategy, a move aimed at expanding Blackstone Group Inc.’s hedge-fund business with offerings intended to generate big returns for clients. The Blackstone Horizon platform, to be run by Mr. Bommer, will thematically invest in money managers focused on fast-growing public and private companies, Blackstone said. Horizon also will invest directly in stock markets.

Industry Recognition for Nordic HFs (Hedge Nordic)
Stockholm (HedgeNordic) – Five Nordic hedge fund managers were distinguished at last week’s Hedgeweek European Awards, compiled in conjunction with Bloomberg. The awards are based on a peer review system and decided by a poll of Hedgeweek’s readers, including institutional and high-net-worth-investors, hedge fund managers, and other industry professionals. For the manager categories, the shortlists at the Hedgeweek European Awards 2021 are based on data provided by Bloomberg, with the candidates being selected based on annualized performance over the 12-month period ending September 2020.

Ex-H2O and State Street Execs Unveil ESG-Focused Macro Hedge Fund LIOR Global (Hedge Week)
Jeremy Touboul, a former fund manager at H2O Asset Management, and Raphaël Remond, former CEO of State Street France, have launched LIOR Global Partners, a new sustainability-focused discretionary global macro hedge fund firm. LIOR Global Partners will use a top-down research process to identify a mix of directional, relative value and thematic investment opportunities across a mix of credit, equities, sovereign bonds and currencies, investing both long and short to generate absolute returns regardless of market environment.








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