Bill Ackman Is Betting on GOP Presidential Hopeful Ramaswamy (Bloomberg)
In Bill Ackman’s view, Vivek Ramaswamy is simply misunderstood. The hedge fund billionaire is convinced that the novice politician vying to be the Republican presidential candidate will rival Florida Governor Ron DeSantis and eventually challenge Donald Trump, but thinks he needs to clear up a couple of things first.
Elliott Management Paid UK Staff Average of £1.3m Each in 2022 (The Guardian)
The US hedge fund and notorious activist investor Elliott Management paid its 124 UK staff a combined £160m last year, after a 10% rise in annual profits. The pay pot is higher than the £137m shared by employees the previous year, and comes after its UK operation, Elliott Advisors UK, reported pre-tax profits up by a tenth to £10m. Turnover for the firm, which made headlines after throwing its hat into the ring to buy Manchester United earlier this year, rose 16% to £225m. Elliott, which is the world’s largest activist hedge fund and is led by the billionaire Republican party donor Paul Singer, is best known for its aggressive corporate and political battles, famously chasing the Argentinian government for debts for more than decade.
Hedge Fund BlueCrest Capital Moving to 22K SF at 450 Park Avenue (Commercial Observer)
BlueCrest Capital Management is relocating within Midtown East to 21,640 square feet at SL Green Realty’s 450 Park Avenue. The British-American hedge fund signed a 15-year lease to move to the 30th and 31st floors of the building at East 57th street and Park Avenue — where Aston Martin recently opened a ground-floor showroom — from Boston Properties‘ GM Building at 767 Fifth Avenue, according to SL Green.
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Warren Buffett Dumps 45% of This Auto Stock: Time to Panic? (The Motley Fool)
Warren Buffett cutting his position in this automaker might ring alarm bells for some, but it shouldn’t. Here’s why. Warren Buffett once quipped that it would be wise for investors to be fearful when others are greedy, and greedy when others are fearful. As the automotive industry is on the cusp of major evolution with autonomous driving vehicles, vehicles as a service, and the transition to electric vehicles, what does Buffett dumping 45% of Berkshire Hathaway‘s holdings of General Motors (GM -2.03%) mean?
Asset Advisor ‘Signs’ Third Analyst (Hedge Nordic)
Stockholm (HedgeNordic) – Asset Advisor, an active multi-asset manager based out of Aarhus in Denmark, has strengthened its team with a third financial and risk analyst, all working alongside the three-member portfolio management team. Asset Advisor, which runs the alternative fund Asset Opportunities by employing a dynamic and opportunistic multi-asset strategy with a risk-on, risk-off approach, has welcomed Mikkel Mølbak as a Financial and Risk Analyst.
