Hedge Fund and Insider Trading News: Bill Ackman, Warren Buffett, Elliott Management, ARK36, HubSpot Inc (HUBS), BlackBerry Ltd (BB), and More

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Billionaire Bill Ackman is Smoking ‘Mentor’ Warren Buffett with These Income Stocks (Toronto Sun)
Dividend stocks might look boring, but they can provide exciting returns. Just ask famed activist investor and self-proclaimed Warren Buffett acolyte Bill Ackman. His hedge fund Pershing Square Holdings has delivered annualized total returns of more than 30 per cent over the last three years, substantially outperforming the S&P 500 and even Buffett’s own Berkshire Hathaway.

The Investing Advice Warren Buffett Recommends you Follow, Even Though He Doesn’t (Grow)
Even though his portfolio results speak for themselves, Warren Buffett keeps dispensing sensible, tried-and-true investment wisdom to his followers, who over the years have learned to invest in American economic growth, buy stocks at attractive valuations, hold investments for the long term, and keep costs low. Indeed, much of the traditional advice that investors receive comes straight from Buffett’s playbook, with a notable exception: diversification. “Diversification is protection against ignorance,” Buffett famously says. “It makes little sense if you know what you’re doing.”

Activist Elliott Presses GSK on Progress at Investor Meeting (Bloomberg)
One of the world’s toughest hedge fund bosses has once again questioned the performance of GlaxoSmithKline Plc and its under-fire chief executive officer, Emma Walmsley. Gordon Singer, head of Elliott Investment Management’s London office, asked Glaxo Chairman Jonathan Symonds to explain what was holding back Glaxo’s value creation and stock during a meeting with top shareholders Thursday, according to a person on the call, who didn’t want to be identified because the event was private.

How Tiger Funds Successfully Hedged In September (Institutional Investor)
Most of the funds, including D1 Capital, Lone Pine, Tiger Global, Viking, Coatue, and others, were up or lost small amounts during last month’s sharp selloff. Now this is what you call hedging.The global stock markets in September may have suffered their worst monthly loss since March 2000.But many long-short hedge funds with roots to Tiger Management either generated gains for the month or posted much smaller monthly losses than the 5 percent or so declines…

Digital Asset Hedge Fund ARK36 Appoints COO (Hedge Week)
Digital asset hedge fund ARK36 has adjusted its management structure with the appointment of Anto Paroian as Chief Operating Officer (COO). Paroian will supervise all of the fund’s operations and activities, effectively taking the helm along with ARK36 co-founder Mikkel Mørch and Executive Director Loukas Lagoudis. ARK36’s other co-founder Ulrik Lykke will now be focusing on exploring how the company’s offerings can be expanded to other facets of the digital asset space.






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