Hedge Fund and Insider Trading News: Bridgewater Associates, Brevan Howard Asset Management, Saba Capital Management, TransUnion (TRU), Apple Inc. (AAPL), and More

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Cryptocurrency Hedge Fund Brevan Howard Tops $1 Billion in Assets (The Times Hub)
The BH Digital division, which is part of the Brevan Howard Asset Management structure of billionaire Alan Howard, has raised more than $1 billion for investments in cryptocurrencies. to informed sources. Brevan Howard Digital Asset Multi-Strategy Fund has lost between 4% and 5% since launching at the beginning of the year, they said. This looks “incredible” against the background of the market decline due to the collapse of Terra and the problems of a number of industry players such as Celsius Network and Voyager Digital. The structure uses algorithmic trading and relative value trades. Funds are distributed between venture investments and cryptocurrencies in the proportion of 10:90%.

Bridgewater Pushes Back Against Chinese ‘All Weather’ Copycats (Reuters)
SHANGHAI/NEW YORK, Aug 8 (Reuters) – Billionaire hedge fund manager Ray Dalio‘s huge popularity in China has not only drawn local investors flocking to his funds but also spawned home-grown challengers using his “All Weather” strategy and brand to try to beat him at his own game. Now, the Connecticut-based hedge fund giant he founded, Bridgewater Associates, is pushing back.

Saba Capital to Support Salient Midstream & MLP Fund’s Reorganisation (Opalesque)
Opalesque Industry Update – Saba Capital Management, L.P. and associated parties have reached an agreement regarding the Fund, a fund that invests in securities of MLPs and other midstream energy companies. Under the terms of the agreement, Saba has agreed to support the Fund’s reorganization into a lower-fee open-end mutual fund, Salient MLP & Energy Infrastructure Fund. In addition, the Fund’s investment advisor will make a payment of $300,000 to the Fund, to be paid out to all shareholders as a special “Saba Special Distribution”. “Saba is excited to have reached this agreement through constructive engagement with the Fund’s board and its advisor,” said Paul Kazarian, Partner and Portfolio Manager at Saba.

Mark Cuban On SEC’s Crypto Fines: “They Litigate To Regulate” (Forbes)
Billionaire investor and early crypto adopter Mark Cuban has never been one to hide his disapproval of the SEC. He has publicly called the commission “worthless”, vlogged his frustration over phone calls with them, and most famously spent $12 million fighting a lawsuit accusing him of insider trading (the jury ruling in his favor).

Hedge Funds Post Best Gains in 15 Months But are Still Down in 2022 (The National News)
Global hedge funds recorded their best performance in 15 months in July despite a challenging global economic environment, but remained down in 2022, a report by Hedge Fund Research (HFR) has shown. The Chicago-based industry tracker’s fund weighted composite index recorded a 1.3 per cent gain last month. This was despite rising inflation, the US economy entering a recession and a strong reversal of US stock markets from their worst first half in more than 50 years, HFR said in its monthly update.

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