Hedge Fund and Insider Trading News: Brevan Howard Asset Management, Starboard Value, Standard General, Crocs, Inc. (CROX), and More

Brevan Howard Had One of Its Best-Ever Trading Days on ECB Bet (Bloomberg Quint)
(Bloomberg) — Brevan Howard Asset Management is enjoying a banner February after its traders benefited from the European Central Bank’s surprise signal that it could start raising rates as soon as this year. The firm had one of its best-ever days of trading on Feb. 4 as complex option bets on short-term euro rates paid off, people with knowledge of the matter said. One of the notable winners was Brevan Howard’s star trader Fash Golchin who rebounded after his record annual loss last year, according to the people and an investor document seen by Bloomberg.

Humana to Name Two Independent Directors in Agreement with Starboard (Reuters)
Feb 22 (Reuters) – Humana Inc (HUM.N) said on Tuesday it has entered an agreement with activist hedge fund Starboard Value to name two independent directors to the health insurer’s board.

Tysons-based broadcaster to be acquired by Standard General (Virginia Business)
Tysons-based broadcast and digital media giant Tegna Inc. will be acquired in a $5.4 billion cash deal by an affiliate of Standard General, the company announced Tuesday morning. New York hedge fund Standard General, one of Tegna’s largest shareholders, and New York-based private equity firm Apollo Global Management will buy Tegna for $24 per share in cash. Tegna said the deal has an equity value of $5.4 billion and an enterprise value of $8.6 billion, including the assumption of debt.

Source: pexels

Q4 2021 Hedge Fund Asset Flows (Preqin)
Investors withdrew a net $5.0bn from hedge funds in the final quarter of 2021, ending a run of five consecutive quarterly inflows. In this factsheet, we present hedge fund asset flow data for Q4 2021, including breakdowns by strategy, region, past performance, and fund size.

How Wealthy Investors Can Cut Their Tax Bills Like a Hedge Fund (Accounting Today)
Recent choppiness aside, Wall Street has showered investors with profits during the pandemic. The flip side of that happy news is that stock gains face a wave of tax bills — a horizon some wealth managers are navigating by steering affluent clients through a strategy more common with hedge funds.