Rokos’s Hedge Fund Raises $1 Billion After Record Annual Loss (Bloomberg)
The biggest annual loss for Chris Rokos’s hedge fund isn’t deterring investors. The macro trader pulled in $1 billion of new cash this week and is in talks with investors to raise more capital, according to a person with knowledge of the matter. The inflows came after Rokos’s hedge fund slumped about 26% last year, said the person, who asked not to be identified because the information is private.
Investor Cuts Stake in Fashion Retailer Superdry (Punchline-Gloucester.com)
Hedge fund, Gatemore Capital, has cut its investment in Cheltenham fashion retailer Superdry. The firm has reduced its stake to 2.94%, from 4.7% in February last year, to realise a profit on its investment. That’s equivalent to £6.9 million. Since the activist investor disclosed its stake in the fashion retailer in July 2020 the share price has doubled. At the time of its investment, Liad Meidar, managing partner at Gatemore, said Superdry had shown ‘strong resilience despite a challenging trading environment’ and added: “We are confident the business is poised to benefit from the trend towards casual wear which has been accelerated by Covid-19.”
Hedge Fund Titan Paul Marshall Warns ‘Financially Illiterate’ Brits May Spell London’s Decline (Financial News)
The London Stock Exchange’s recent lacklustre performance could be a sign London is becoming a financial backwater, City hedge fund veteran Sir Paul Marshall warns. “Trading volumes are incredibly low,” the of hedge fund group Marshall Wace told BBC’s Radio 4, noting that the London Stock Exchange trades about $6.5bn a day while Apple alone trades $11bn. “So in terms of global trading volume, a lot of this work becoming irrelevant.”
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D.E. Shaw’s Two Biggest Funds Post Double-Digit Gains for 2021 (Bloomberg Quint)
(Bloomberg) — D.E. Shaw & Co., the quantitative hedge fund giant, ended 2021 with double-digit gains for its two biggest funds. The flagship Composite Fund rose 18.5% on the year, according to a person with knowledge of the matter, placing it among the top performing multistrategy funds. The vehicle, which invests across asset classes and geographies, is D.E. Shaw’s largest, the person said, and has posted just one down year since its debut two decades ago.
Brummer & Partners’ Multi-Strat Hedge Fund Flagship Ends 2021 in the Red (Hedge Week)
Brummer & Partners’ flagship multi-strategy hedge fund vehicle ended 2021 in negative territory, despite solid annual showings from its trend-following, macro and systematic equity names. The Brummer Multi-Strategy (BMS) fund lost 2.1 per cent in 2021, having posted a 0.1 per cent hit for December, while its twice leveraged BMS 2xL class ended the year down 5.1 per cent, nursing a 0.2 per cent December loss.
China’s Quant Funds Become Victims of Their Own Success (Reuters)
SHANGHAI/HONG KONG, Jan 4 (Reuters) – China’s algorithm-driven quant funds boomed in 2021 as investors sought alternatives to a languid stock market, but the final months of the year saw some “flash boys” bogged down by heavy volatility and their sheer size.
Billionaires Are Embracing Crypto in Case Money ‘Goes to Hell’ (Bloomberg)
Brokerage founder Thomas Peterffy says its prudent to have some crypto, while Ray Dalio views it as alternative to cash. Thomas Peterffy took out a full-page ad in the Wall Street Journal in 2017 warning of the dangers that bitcoin futures posed to capital markets. These days, the Hungarian-born billionaire is well versed in cryptospeak. Peterffy, worth $25 billion, said it’s prudent to have 2% to 3% of one’s personal wealth in cryptocurrencies, just in case fiat currency goes to “hell.”
The Vice Chairman of Brookfield Asset Mng (NYSE: BAM) is Buying Shares (Analyst Ratings)
Today, the Vice Chairman of Brookfield Asset Mng (BAM), Brian Lawson, bought shares of BAM for $4.97M. This is Lawson’s first Buy trade following 3 Sell transactions. Over the last month, Brian Lawson has reported another 3 Buy trades on BAM for a total of $16.14M. Based on Brookfield Asset Mng’s latest earnings report for the quarter ending September 30, the company posted quarterly revenue of $19.25 billion and quarterly net profit of $797 million.
Monday 1/3 Insider Buying Report: ADIL, IDN (Nasdaq.com)
At ADial Pharmaceuticals, a filing with the SEC revealed that on Thursday, Director James W. Newman Jr. bought 25,000 shares of ADIL, at a cost of $2.69 each, for a total investment of $67,300. ADial Pharmaceuticals is trading up about 5% on the day Monday. Before this latest buy, Newman Jr. made one other purchase in the past twelve months, buying $28,500 shares at a cost of $2.85 each. And also on Thursday, CEO Bryan Lewis purchased $24,983 worth of Intellicheck, purchasing 5,000 shares at a cost of $5.00 each. Before this latest buy, Lewis made one other purchase in the past twelve months, buying $4,910 shares at a cost of $4.91 a piece. Intellicheck is trading up about 16.5% on the day Monday.
Insider Weekends: Director Of Sunnova Energy Purchases 20,000 Shares (Seeking Alpha)
Insider buying declined significantly last week. The 20,000 purchase of residential solar company Sunnova Energy International by its Director Akbar Mohamed was the only purchase that stood out from last week. NOVA and other solar companies like Sunrun were hit hard last month after California regulators proposed cutting back subsidies.
The Chief Executive Officer of Janus Henderson Group (NYSE: JHG) is Selling Shares (Analyst Ratings)
Today, the Chief Executive Officer of Janus Henderson Group (JHG), Richard M Weil., sold shares of JHG for $2.03M. Over the last month, Richard M Weil. has reported another 7 Sell trades on JHG for a total of $22.22M. Based on Janus Henderson Group’s latest earnings report for the quarter ending September 30, the company posted quarterly revenue of $687 million and quarterly net profit of $197 million.
