Hedge Fund and Insider Trading News: Bill Ackman, Warren Buffett, Alden Global Capital, Hudson Bay Capital Management, Dillard’s, Inc. (DDS), First Majestic Silver Corp. (AG), and More

Billionaire Investor Bill Ackman Implores Biden to ‘Set a Real Red Line’ and Consider Military Intervention in Ukraine (Business Insider)
Bill Ackman called for President Joe Biden to consider sending US troops to defend Ukraine in a post on Twitter Monday. “Is there a point at which we say it is un-American to sit back and watch this transpire?” the billionaire investor said in a series of tweets addressed to Biden. “Do we wait for him to kill millions before we intervene?” Ackman added.

New Rules Could See Hedge Funds Sued for ‘Doing a Good Job’ (Risk.Net)
New rules proposed by US regulators would remove hedge funds’ ability to protect themselves against negligence lawsuits, leaving them liable for mistakes as simple as fat-finger trades or losing money in a falling market. The Securities and Exchange Commission wants to strip hedge fund contracts of a routine clause that shields fund managers from claims that they behaved carelessly. If the SEC introduces the rule as it stands, hedge funds – the biggest risk-takers in financial markets – would.

Mubadala, Qatar Fund Holding On to Russian Assets for Now (Bloomberg)
Two influential Middle Eastern wealth funds are for now planning to hold on to Russian assets worth billions of dollars, seen as strategic and long-term investments, people familiar with the matter said. Abu Dhabi’s Mubadala Investment Co. and Qatar Investment Authority are taking a different approach to Norway’s $1.3 trillion sovereign wealth fund, which is starting a process to remove Russian assets from its portfolio.

Photo by Austin Distel on Unsplash

How Digitalization in Fund Administration is Improving Client Servicing and Security (Preqin)
As hedge fund managers evolve their trading strategies, reporting and data requirements are getting more complicated – this is where technology can make a big difference. With the resurgence of hedge funds in 2020 and 2021 and the high rate of activity in private capital, the complexity of asset servicing has increased. How have the Citco group of companies’ (Citco) technology efforts helped reduce those complexities?

Hedge Fund Loses Lawsuit in Lee Enterprises Takeover Fight (Hedge Week)
A hedge fund that is trying to buy newspaper publisher Lee Enterprises has lost a legal battle to prevent the company from using a system that would see two longtime directors reelected at its annual meeting next month. According to Associated Press, a Delaware judge has rejected a lawsuit filed by Alden Global Capital, which has a USD141 million offer to acquire the business rejected in December.