Hedge Fund and Insider Trading News: Bill Ackman, Paul Tudor Jones, Ray Dalio, Jana Partners, Taconic Capital Advisors, Spectrum Brands Holdings Inc (SPB), General Motors Company (GM), and More

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Billionaire Investor Paul Tudor Jones Is Buying Bitcoin Now. Should You? (The Motley Fool)
Tired of pie-in-the-sky Bitcoin price targets? Here’s how a top hedge fund manager analyzes Bitcoin. In a recent CNBC interview, hedge fund billionaire Paul Tudor Jones discussed why he’s buying Bitcoin (CRYPTO: BTC). Interestingly, he did not once mention blockchains, smart contracts, decentralized applications, or non-fungible tokens (NFTs). There was no crypto mumbo-jumbo, and no outlandish price predictions. Instead, this billionaire hedge fund investor analyzes Bitcoin the same way he analyzes every other asset in his portfolio. Correlations, risk premiums, economic scenarios, and statistical probabilities matter. If you’re thinking of investing in Bitcoin now, this investment framework might be helpful.

Activist Investors are Needed More Than Ever (The Economist)
Little scares the c-suite like shareholder activism. Bosses stay awake worrying about a call, a letter or a 100-page presentation in which a hedge fund outlines the depths of their ineptitude. At the start of the year executives were especially on edge. During this year’s annual “proxy season”—a succession of shareholder meetings—they have mostly avoided votes on dissident nominees to their boards. Nevertheless in recent months some of the world’s largest firms—including Alphabet, Bayer, Disney and Salesforce—have had to tussle with activists, who are increasingly focused on the biggest companies. On May 25th, as we published this article, the battle between Carl Icahn, a prominent activist, and Illumina, a genomics giant, was set to come to a head.

Ann-Sofie Odenberg Joins PRI’s Advisory Committee (Hedge Nordic)
Stockholm (HedgeNordic) – Ann-Sofie Odenberg, Head of Sustainability at Brummer & Partners, has joined the PRI Hedge Fund Advisory Committee with the aim of contributing to the shaping and advancement of sustainable investment practices within the hedge fund industry. The committee, composed of members from signatories to the Principles for Responsible Investment, serves as a voluntary body that provides advice and input to the PRI Executive on sustainability-related matters pertaining to hedge funds.

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Activist Jana Partners Set for a Proxy Fight with Freshpet (NASDAQ:FRPT) (TipRanks)
Activist investor Jana Partners is also set for a proxy fight with Freshpet (NASDAQ:FRPT) and has nominated four directors to the pet food company’s board for election at the 2023 annual meeting. According to a letter addressed to other shareholders disclosed on Wednesday, Jana has a 9.3% stake in Freshpet. Jana alleged that Freshpet’s missteps have resulted from the Board’s disregard of its most basic duties to shareholders. The activist investor acknowledged that recent changes by the management are “step in the right direction.” Nonetheless, Jana noted that the board has failed to supervise management over multiple years as the company’s performance worsened, liquidity deteriorated, and shareholder value declined.

Taconic Appoints Co-CIO (Hedge Week)
Taconic Capital Advisors, an $11 billion, New York- and London-based hedge fund firm focused on event-driven, multi strategy investments, has appointed Nate Kempner, a principal and co-chair of the firm’s Investment Committee, as co-chief investment officer, alongside Taconic’s co-founder, Frank Brosens. The move comes following the decision of Christopher DeLong to retire from his role as principal and chief investment officer at the end of the year.

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