Hedge Fund and Insider Trading News: Boaz Weinstein, Greenlight Capital, Bridgewater Associates, Trian Fund Management, Three Arrows Capital, LHG Capital Management, Fate Therapeutics Inc (FATE), Werewolf Therapeutics, Inc. (HOWL), and More

Hedge Fund Manager Boaz Weinstein Bets Market is Wrong on Credit Suisse (Reuters)
Hedge fund manager Boaz Weinstein doesn’t believe Credit Suisse will default on its debt but if it does, the derivatives trade he has on the bank may win big, highlighting just how hedge funds use volatile markets to try and generate juicy returns. Speculators increased bearish bets on the Swiss bank last year on concern about how much capital it would need to bolster its balance sheet in a confidence crisis deepened by unsubstantiated social media reports on the bank’s financial health.

Steve Cohen-Backed Collectibles Firm Goldin Starts New Platform (Bloomberg)
High-end collectibles auction house Goldin is looking to go mainstream by opening its own online marketplace to compete with the likes of EBay Inc. The new platform combines an e-commerce site with authentication and grading services, along with a physical vault to store the items, in an effort to streamline the selling process.

Founders of Bankrupt Three Arrows Capital Plan Trading Platform for Distressed Crypto Debt (The Wall Street Journal)
The founders of a bankrupt crypto hedge-fund firm are seeking to launch an exchange where creditors to insolvent digital-assets firms, including their own, would be able to buy and sell claims. Su Zhu, a co-founder of the bankrupt crypto hedge-fund manager Three Arrows Capital Ltd., said that he and others are seeking to raise $25 million in seed money for the new platform. A pitch deck to potential investors, seen by The Wall Street Journal, referred to the company as GTX, a poke at the fallen crypto exchange FTX.

Pixabay/Public Domain

Squeezing Alpha From Energy Transition Sectors (Hedge Nordic)
Stockholm (HedgeNordic) – The war in Ukraine and worldwide disruptions in energy markets strengthened the global consensus around the energy transition and added momentum to the push for renewable energy. Despite facing supply chain issues, energy transition-related sectors enjoyed a good year in 2022 from an economic point of view amid increasing demand. Equity investors exposed to these sectors, however, faced a more challenging year due to plunging stock prices.

Why Small Hedge Funds Look Set to Outpace Larger Managers in 2023 (Financial News)
Large hedge funds had a mixed 2022 as macro funds saw strong gains while equity funds witnessed steep declines. But the next 12-month picture could change in favour of smaller hedge funds, whom advisers expect will outperform their larger counterparts as they take advantage of specific market opportunities on account of their size and ability to be nimble.