Hedge Fund and Insider Trading News: Bridgewater Associates, Archegos Capital Management, Hilbert Capital, Nike Inc (NKE), Occidental Petroleum Corporation (OXY), and More

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A Former Employee of Archegos, the Collapsed Hedge Fund, Sues for Millions in Lost Pay. (The New York Times)
A former employee of Archegos, the investment firm that caused a brief market panic when it lost more than $10 billion in a matter of days last year, is suing the firm and its founder, Bill Hwang, plus five former top executives. The lawsuit was filed on Tuesday in Federal District Court in Manhattan, the DealBook newsletter reports.

Crypto Asset Manager Hilbert Capital Names Cevian’s Murray as CEO (Reuters)
LONDON, July 5 (Reuters) – Cryptocurrency asset manager Hilbert Capital has hired former Cevian Capital executive Richard Murray as CEO, it said on Tuesday. Murray was previously director of investor relations at activist investor Cevian. He has also worked at hedge funds Finisterre and Brevan Howard Asset Management, Hilbert said in a statement.

Bridgewater Associates Registers Significant Short Bets Across Europe, Says SEI Novus Data (Hedge Week)
Bridgewater Associates Inc held the greatest number of significant new short positions in the last week of June as a proportion of overall European short positions, according to the latest monthly pan-European short position data from SEI Novus. The top 3 short positions were held in the following companies: ASML Holding NV – a Dutch multinational corporation specialising in the development and manufacturing of photolithography systems), accounting for 4.73% of total aggregated European short positions by size; SAP SE – a German multinational software corporation that develops enterprise software), accounting for 2.34%; and Siemens Aktiengesellschaft – a German multinational conglomerate corporation), accounting for 1.94%.

Countries with the Smallest Government Per Capita in the World


The Mother of All Recessions May be Coming (Hedge Nordic)
Stockholm (HedgeNordic) – The mother of all recessions may be on the way to Sweden, according to hedge fund manager Fredrik Carlsson, as Riksbank’s embrace of negative real interest rates created a breeding ground for excessive risk-taking that transitioned into Sweden’s inflated real estate sector. “There is already a crisis in the real estate sector,” Carlsson tells Realtid.se. “There is already a crisis in the real estate sector.”

Value Investing Proponent Cliff Asness’s Net Worth Reflects His Expertise (Market Realist)
Cliff Asness, co-founder and chief investment officer of AQR Capital Management, has provided his insights on the current and future interest rate scenario and how value stocks could keep outperforming growth stocks even if interest rates don’t go up. According to AQR’s data, the correlation between value stock returns and interest rates over 40 years stands at a mere 0.03. What’s Cliff Asness’s net worth?

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