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Hedge Fund and Insider Trading News: Chris Rokos, Donald Morgan, David Tepper, Silver Lake Partners, AbraPlata Resource Corp (ABBRF), Entasis Therapeutics Holdings Inc. (ETTX), and More

Secretive Billionaire Hedge Fund Firm Pledges Money to Fight Racial Injustice (Bloomberg)
Hedge fund manager Chris Rokos’s investment firm has waded into the raging debate on racial discrimination sparked by the killing of George Floyd and vowed to use its money to help fight the injustice. Floyd’s death in police custody in May, which sparked a wave of protests across the U.S., “has been a wake-up call to the world,” the secretive London-based money manager said in a rare statement.

Pro Bankruptcy Briefing: Citi’s $900 Million Mistake Frays Relationship With Hedge Fund | Regus Puts More Office Space Companies Into Bankruptcy | Neiman Wins Approval of Chapter 11 Plan (The Wall Street Journal)
Good morning. Until recently, Brigade Capital and its founder, Donald Morgan, had worked closely with Citigroup. But a Revlon deal and a $900 million “mistake” has frayed the relationship. In recent weeks, co-working company Regus Corp., has put more than one half-dozen companies that hold office space leases in cities from New York to California into bankruptcy. And Neiman Marcus Group won approval of its plan to exit chapter 11 a day after hedge fund founder and Neiman critic Dan Kamensky was arrested.

The Richest Hedge Fund Managers On The 2020 Forbes 400 List (Forbes)
The 25 members of The Forbes 400 who made their fortunes from hedge funds are worth a combined $185 billion, up $2.8 billion from last year. As a group, that’s saying something, given that hedge funds got hammered in the first half of 2020, losing a record 7.9% on average, according to an analysis by Hedge Fund Research. The number of hedge funders on The Forbes 400 held steady at 25 this year, but Renaissance Technologies‘ Henry Laufer slipped from the rankings, and Pershing Square Capital Management founder and CEO William Ackman returned to the list after a four-year absence. Of those who were on the 2019 list, 11 got richer, 7 are down and 6 are flat. Still, their performance pales in comparison to some tech tycoons who are tens of billions of dollars richer than a year ago–like Jeff Bezos, whose net worth jumped an eye-catching 57% since the 2019 Forbes 400 list.

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Panthers Owner David Tepper is One of the 50 Richest Americans in Latest Forbes Ranking (NewsObserver.com)
You probably knew that Carolina Panthers owner David Tepper was a rich man. Now, we know exactly how Tepper, 62, stacks up with the richest people in the country. Forbes magazine released its annual ranking of the 400 richest Americans. To make the cut, you have to be worth at least $2.1 billion. Tepper is ranked No. 41 on the Forbes list with a net worth of $13 billion, putting him ahead of notables like Dallas Cowboys owner Jerry Jones (No. 56, $8.6B), entertainment mogul David Geffen (No. 65, $8.1B) and broker Charles Schwab (No. 85, $6.9B).

“Architect of Themes”: Former Soros and Fortress Macro Hedge Fund Veteran William Callanan Builds Momentum with Novel Outsourced CSO Venture (Hedge Week)
William Callanan – a veteran of the investment management industry and a global macro hedge fund specialist, whose resume includes stints at Soros Fund Management and Fortress Investment Group – is capitalising on evolving outsourcing trends with Syzygy Investment Advisory, a novel advisory unit that provides an outsourced chief strategy officer role to an assortment of institutional investors, hedge funds and family office clients. Launched in April last year, London-based Syzygy’s core focus is on generating alpha across a range of global macroeconomic themes and ideas, investing in currencies, interest rates, commodities and public-traded equities on a long/short and long/only basis.