Hedge Fund and Insider Trading News: Cathie Wood, Ray Dalio, Point72 Asset Management, Saba Capital Management, Caligan Partners, Boeing Co (BA), and More

Billionaire Investor Ray Dalio Says the US Appears to be on the Path to ‘Some form of Civil War’ (Business Insider)
Billionaire investor Ray Dalio said on Thursday that the US appears to be on the path to “some form of civil war.” Dalio said the country is witnessing greater amounts of populism and extremism. He outlined his thoughts in a LinkedIn post that summarized excerpts from his book. Billionaire investor Ray Dalio said on Thursday that the US appears to be on the path to “some form of civil war.”

Citadel, Saba Gain in January as Market Drop Left Many Hedge Funds with Losses (Trend News Agency)
Hedge funds Citadel and Saba Capital Management sidestepped January’s stock market selloff to post gains as many other firms started the year off in the red, Trend reports with reference to Reuters. Ken Griffin‘s Citadel told investors that its multi-strategy flagship Wellington fund gained 4.71% last month. The firm’s global fixed income fund returned 4.91%. A spokesman declined to comment.

Point72 Negative in Jan While Other Multi Stats Posted Gains (Hedge Week)
While several multistrategy hedge funds posted gains amidst January’s equity market volatility, Steve Cohen‘s Point72 Asset Management lost money over the month, according to a report by Bloomberg. The fund was down 1.3 per cent, while Gabe Plotkin’s Melvin Capital Management, in which Point72 has invested, dropped 15 per cent.

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Cathie Wood Targets Illiquid Assets and Limits Exits in New Fund (Bloomberg)
Cathie Wood is upping her big bet on disruptive tech companies via a new fund targeting less-liquid markets with limits on how quickly investors can exit. Wood’s firm ARK Investment Management — whose lineup of exchange-traded funds is reeling in the U.S. rout in growth stocks — filed on Thursday for a closed-ended “interval” fund that would expand her flagship strategy into harder-to-trade assets.

Sculptor Director Resigns, Alleges Governance Failures at Hedge Fund (The Wall Street Journal)
A director resigned from the board of Sculptor Capital Management, alleging governance failures including “staggering” compensation awarded to the largest publicly traded U.S. hedge-fund firm’s CEO. The allegations and resignation, detailed in a letter to the board Sculptor disclosed Thursday, have echoes of a past fight between firm founder Daniel S. Och and his onetime protégé, Chief Executive James Levin. Mr. Levin became CEO of the firm, formerly known as Och-Ziff Capital Management , after a pitched succession battle in 2018 that led Mr. Och to step back.