Hedge Fund and Insider Trading News: Coatue Management, Brevan Howard Asset Management, Marshall Wace LLP, Coeli Global Select, Accenture PLC (ACN), New Relic Inc (NEWR), and More

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As Brevan Howard Keeps Hiring, it’s Adding its Own Talent Scouts (eFinancialCareers.com)
Brevan Howard used to be the sort of unfathomable hedge fund that had a single web page with a login for clients and a complete absence of information for anyone else, including prospective employees. Not any more. These days, BH is an expansive place that wants to tell everyone how great it is to work there, and it’s not just relying on its own embellished website to do that. Last time we looked at Brevan, it was February, and the fund was still busy hiring in London after building out its New York office last year. Five months later, recruitment is ongoing and Brevan is strengthening its network of talent scouts, suggesting it has no intention of pausing its ingestion of people soon.

Coeli Duo Expands Fund Suite (Hedge Nordic)
Stockholm (HedgeNordic) – After successfully running their investment philosophy of picking the “finest companies in the world” under the hood of long-only equity fund Coeli Global Select, Andreas Brock and Henrik Milton have launched two other funds relying on the same philosophy. The Stockholm-based duo has launched another long-only equity fund focused on smaller companies, and a long/short equity fund that borrows its long ideas from the long-only funds.

Coatue Just Led a $60 Million Round into Fonoa, a Tax Automation Startup Founded by Ex-Uber Employees, After Seeing This 25-Slide Pitch Deck (Business Insider)
Fonoa, an Irish tax automation startup founded by three former Uber staffers, has raised $60 million in a round led by hedge fund Coatue. The Dublin-based firm, set up in 2019, helps companies understand and manage their tax obligations in different jurisdictions through an API. Zoom, Booking.com, Remote, and Bolt are among the company’s users. Insider reported in April that Fonoa was in talks to raise the Series B round.

Former SAC Capital Portfolio Manager Tor Minesuk's Top 10 Stock Picks for 2021


Blackstone Posts Loss as Market Turmoil Hits Private-Equity Portfolio (The Wall Street Journal)
Firm’s cash that could be handed back to shareholders nearly doubled from a year earlier. Blackstone Inc. (BX) posted a loss in the second quarter as the value of its private-equity portfolio fell as the broader market tumbled. The New York firm reported a net loss of $29.4 million, or 4 cents a share, compared with a profit of $1.31 billion, or $1.82, during the same period last year.

Marshall Wace Alum’s Asia Hedge Fund Gains Over 15% in 2022 (Bloomberg)
Former Marshall Wace portfolio manager Ramesh Karthigesu’s hedge fund gained more than 15% in the first half, as a market downturn leaves rivals struggling to recoup losses. The Kaizen Asia Pacific Master Fund, which takes long and short positions on equities across the region, returned more than 8% in June alone, said people with knowledge of the matter, who asked not to be identified discussing private information.

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