Pine River appoints Repo Trader (Hedge Week)
Pine River Capital Management (Pine River), a global relative value alternative asset manager, has appointed Abby Mongeon as a Repo Trader. She will focus on fixed income funding, working with Portfolio Managers across the firm’s fixed income relative value strategies. Mongeon, who will be based in Pine River’s New York office, has extensive experience in funding markets and related security markets. Prior to joining Pine River, she interned as a Summer Analyst in Government Securities Services at the Bank of New York Mellon.
Crispin Odey: the Fall of a Hedge Fund Maverick | FT Film (The Global Herald)
The Crispin Odey story is about greed, a culture of secrecy and alleged abuse. Odey was one of Britain’s richest men and most successful hedge fund managers while allegedly getting away with assaulting and harassing women for decades. Odey Asset Management has started to unravel ever since an FT investigation into his behaviour.
Portrait Analytics Raises $7 Million in Funding to Transform Investment Research (GlobeNewsWire)
Hedge fund veteran from Baupost and AI leaders from Amazon, Bloomberg and Twitter bet on Portrait’s AI platform to change the way analysts research markets and companies. Portrait Analytics, developer of a generative AI platform for investment research and thesis creation, has added $7 million in new funding. The financing was led by Unusual Ventures, with participation from existing investor .406 Ventures and select hedge fund professionals. The investment brings Portrait’s total capital raised to $10 million.
Pixabay/Public Domain
San Diego Union-Tribune Buyouts: New Owners ‘Vulture Fund’ or ‘Transforming Media’? (NBCSandiego.com)
Many long-time employees of the San Diego Union-Tribune have opted to leave the paper, which was sold last week to a hedge fund, NBC 7 has learned. The new owners of the U-T, Alden Global Capital — which has been variously called a “vulture hedge fund” and “the grim reaper of American newspapers” in coverage of it and its subsidiaries — wasted no time in its first week moving to shed staff via buyout offers, and some of the publications’ most seasoned journalistic voices have exercised that option.
Stocks and Bonds Are Sending Contrasting Signals (Hedge Nordic)
Stockholm (HedgeNordic) – Stock and bond markets are intricately interconnected and usually reflect similar information about economic health and investor sentiment. However, stocks and bonds have lately been transmitting contrasting messages, as noted by Norwegian fund manager Lars Semb Maalen-Johansen. “The bond market prices in a longer period of high interest rates and high inflation, while the stock market prices in rapidly falling inflation and interest rates,” Lars Semb Maalen-Johansen tells Norwegian newspaper Finansavisen. “One of these markets must be wrong,” says the portfolio manager of Global Assets Dynamic, a quantitatively-managed equity fund that mitigates portfolio downside risk using VIX-based products.
