Hedge Fund and Insider Trading News: Chris Hohn, Effissimo Capital Management, Deep Basin Capital, Teledyne Technologies Incorporated (TDY), Enphase Energy Inc (ENPH), and More

Page 1 of 2

Top Toshiba Shareholder Gets Further Support for Proposed Investigation (Reuters)
TOKYO (Reuters) – Effissimo Capital Management has gained further backing in its push for a probe into Toshiba Corp, but big stakes built up by investors like BlackRock have raised questions over how much influence it and other activist shareholders will ultimately wield. Glass Lewis became on Friday the second major proxy advisor to recommend shareholders vote in favour of an independent investigation into allegations that investors were pressured ahead of last year’s annual general meeting.

The Very Private Life of the Man on Britain’s Biggest Salary (The Guardian)
Sir Chris Hohn was paid almost £1m a day in 2020. He also avoids meat, likes yoga and supports Extinction Rebellion. Hedge fund manager Sir Chris Hohn once made a point of telling a high court judge that he was an “unbelievable moneymaker”. This week Hohn proved his point – definitively – when it was revealed that he paid himself just shy of £1m-a-day last year. Hohn collected $479m (£343m) in annual dividend payments from his The Children’s Investment (TCI) fund in the biggest ever personal payday in the UK after doubling profits at his Mayfair hedge fund, run from an office a couple of doors down from Louis Vuitton’s flagship store.

Why Pershing Square Tontine Holdings May Finally Be Worth Buying (Business Insider)
The gig may be up for many, but when it comes to Pershing Square Tontine Holdings (NYSE:PSTH), is the game over before it even began? Let’s take a look at what’s happening off and on the price chart of PSTH stock, then offer a risk-adjusted determination aligned with those findings. ChargePoint Holdings (NYSE:CHPT). QuantumScape (NYSE:QS). Lordstown Motors (NASDAQ:RIDE). Opendoor Technologies (NASDAQ:OPEN). Golden Nugget (NASDAQ:GNOG). In today’s more cautious market environment, one of last year’s riskier thematic trades has crumbled. And that includes PSTH stock, well kinda sorta.

insider trading insider buys

Chad McDermott / Shutterstock.com

Energy Hedge Fund Deep Basin Returning Capital After Retail Rout (Bloomberg)
Energy hedge fund Deep Basin Capital LP is returning capital to investors after retail traders drove market volatility to extreme levels, overwhelming the fund’s positions, according a letter to investors reviewed by Bloomberg News. “I do not believe that risk markets are functioning properly and am deeply concerned about the immediate investment climate,” Matthew J. Smith, managing partner of the Stamford, Connecticut-based fund, wrote in the letter.

Steve Cohen Gave Me A Sticker (Deal Breaker)
For the first time in a year-and-a-half, I went to Citi Field. I left feeling a little off, but not because the home team did something stupid or embarrassing on the field, both because I am not a Mets fan and baseball season hasn’t started. Instead, it was because I got something while I was there. Two, actually. Thanks, buddy! Even if I can’t go along with the hashtag.

Page 1 of 2