Hedge Fund and Insider Trading News: Chris Hohn, Bill Ackman, Ray Dalio, Cathie Wood, Marshall Wace LLP, Brevan Howard Asset Management, Cullen/Frost Bankers, Inc. (CFR), Occidental Petroleum Corporation (OXY), and More

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Hedge Fund Boss Hohn Slams ESG Engagement as ‘Blah, Blah, Blah’ (Bloomberg)
Famed activist investor Chris Hohn ripped into one of the ESG industry’s most popular strategies, known as “engagement,” characterizing it as all talk and no meaningful action. “We should stop pretending and just be honest,” the chief executive of TCI Fund Management said on Thursday at the Bloomberg Intelligence ESG Investment Forum in London. “The acid test is actual emissions, are they falling or are they rising? And they’re rising. And that’s where the rubber hits the road.”

Hedge Fund Titan Brevan Howard Poached Peter Johnson from Jump Crypto to Help Launch its Crypto Division. He Breaks Down 4 Ways the Investing Powerhouse is Uncovering Alpha in the Digital Assets Market (Business Insider)
At the start of this year, venture capitalist Peter Johnson moved from one ultra-secretive investment house to another, when hedge fund Brevan Howard poached him from Jump Capital, the venture arm of proprietary trading firm Jump Trading. In his nine years at Jump, Johnson launched the company’s crypto investing strategy, which now sits within their crypto division, Jump Crypto. Now, he’s co-leading private investments for Brevan Howard’s crypto arm, BH Digital.

Hedge Funder Dalio Says Bubbles Burst for Tech Darlings Tesla, Roku (The Street)
‘Emerging tech stocks no longer appear to be in a bubble,’ said hedge fund mogul Ray Dalio. So is it time to buy? For several years, many stock watchers have pointed to signs of bubbles in the market. Ray Dalio, founder of Bridgewater, the world’s largest hedge fund firm, has formulated a bubble indicator made up of six factors, including broad bullish sentiment and high prices relative to traditional measures.

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Tiger, Gaingels, Insight Most Active Investors In US Market In April As 2Q Starts (Crunch Base)
Although six venture firms had deal totals that hit double digits in April, that number is down from a dozen just two months ago. The usual suspects lead the way, with Gaingels, Tiger Global and Insight Partners again sealing the most deals in US-based startups last month, according to Crunchbase data.

Elon Musk, Cathie Wood Say Passive Investing has Become a ‘Major problem’ (New York Post)
Elon Musk and Cathie Wood argued in a tweetstorm that the increased popularity of passive index funds has become a “major problem” as the bosses of those funds gain outsized power over the boards of public companies. “Decisions are being made on behalf of actual shareholders that are contrary to their interests! Major problem with index/passive funds,” the Tesla chief wrote in a tweet Wednesday.

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