Blue Owl Plans Funds for Co-Investments and Secondary Deals (The Wall Street Journal)
The firm’s Dyal Capital Partners V LP fund has backed four private-markets firms so far, co-president Michael Rees said. Blue Owl Capital Inc. plans to raise new funds focused on co-investments, secondary deals and lending to fund managers, as it builds on its business of providing financing to alternative-markets firms, according to co-president Michael Rees. “All of it will complement our existing minority equity investment strategy, and benefit greatly from the deep relationships we have with the private market firms across all of Blue Owl,” Mr. Rees said Tuesday during the New York firm’s first earnings call.
Why a New Era for Hedge Funds Is Dawning (Preqin)
The COVID-19 pandemic is still ongoing in many parts of the world, with the now-dominant Delta variant delaying its end and the resultant supply chain bottlenecks increasing fears of inflation. Accordingly, investors will seek to further reduce portfolio risk, meaning hedge funds are expected to become increasingly crucial. At the end of 2020, 64% of managers surveyed by Preqin told us that hedge fund assets under management will increase further in 2021.
New Bitcoin Hedge Fund Produces Stellar Returns (Opalesque)
A Cayman Island-based manager launched a pure bitcoin hedge fund in October 2020 and has since produced remarkable returns, reflecting crypto hedge funds’ general returns. SAVA Investment Management was founded two years ago by Aylon Morley and Pancho Vanhees. Aylon Morley will be presenting at the next Small Managers Big Alpha webinar on 7th September. The fund: SAVA’s flagship, the SAVA Bitcoin Volatility Fund, can take long and short positions. It aims to profit from Bitcoin price movements by capturing the underlying volatility through a combination of discretionary and proprietary-based algorithmic trading.
Hedge-Fund Billionaire Ray Dalio Lays Out 4 Steps to Making Better Decisions — and Says Think Like Picasso (Business Insider)
One of the factors that tends to unite those that have reached the very top of their game is how they approach making decisions – both in the short and long term. There is a limited number of decisions that anyone can make in a day, something psychologists term “decision fatigue”.
Wednesday 8/11 Insider Buying Report: KW, GPN (Nasdaq.com)
At Kennedy-Wilson Holdings, a filing with the SEC revealed that on Tuesday, CHIEF EXECUTIVE OFFICER William J. McMorrow bought 100,000 shares of KW, for a cost of $21.10 each, for a total investment of $2.11M. Kennedy-Wilson Holdings is trading up about 1.1% on the day Wednesday. Before this latest buy, McMorrow purchased KW on 2 other occasions during the past twelve months, for a total investment of $2.03M at an average of $16.21 per share. And at Global Payments, there was insider buying on Tuesday, by Director Connie D. McDaniel who purchased 1,150 shares for a cost of $173.48 each, for a total investment of $199,502. Global Payments is trading up about 0.2% on the day Wednesday. Bargain hunters are able to buy GPN even cheaper than McDaniel did, with the stock changing hands as low as $169.75 in trading on Wednesday — that’s 2.2% under McDaniel’s purchase price.
What Did This CEO Just Do with Personal Shares of Tandem Diabetes Care (NASDAQ: TNDM)? (Analyst Ratings)
Yesterday, the PRESIDENT & CEO of Tandem Diabetes Care (TNDM), John Sheridan, sold shares of TNDM for $1.61M. In addition to John Sheridan, one other TNDM executive reported Sell trades in the last month. Based on Tandem Diabetes Care’s latest earnings report for the quarter ending June 30, the company posted quarterly revenue of $172 million and quarterly net profit of $4.01 million.
