The $1.1b Fortune of Rupert Murdoch’s Former Son-in-Law is Trapped (The Sydney Morning Herald)
Crispin Odey, on paper, is a billionaire — commanding a vast wealth built over decades that’s unlikely to unravel as fast as his tenure atop Odey Asset Management. There’s a catch, though: Much of his roughly $US710 million ($1.07 billion) fortune remains trapped in funds at the investment firm where he was just sacked after multiple allegations of sexual assault were levelled against him. Odey denies the allegations.
Tiger-Backed Hedge Fund Yulan Shuts Amid China Investing Woes (BNN Bloomberg)
(Bloomberg) — Tiger Management LLC-backed hedge fund manager Yulan Capital Management LLC has shut down, after rising geopolitical risks made it harder to invest in China. The New York-based firm that also had a Shanghai office wound down investment in late December, said people with knowledge of the matter, who asked not to be identified as the information is private. Its registration with the US Securities and Exchange Commission was terminated at the end of January. Return figures for the firm weren’t immediately available.
Starboard Takes 5% Stake in Algonquin Power (Reuters)
Activist hedge fund Starboard Value LP in a filing on Friday reported a 5% stake in Algonquin Power & Utilities Corp (AQN.TO), saying it purchased the company’s shares on the belief they were undervalued and represented an attractive investment opportunity. U.S.-listed shares of Algonquin rose 1.3% to $8.43 in pre-market trade. The Wall Street Journal first reported on the stake purchase on Thursday, citing people familiar with the matter.
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German Financier Lars Windhorst Found in Contempt of Court by London Judge (Bloomberg)
German financier Lars Windhorst was found in contempt of court by a London judge after he failed to attend a hearing in his dispute over debt owed to entities linked to a Monaco-based ship tycoon. Judge David Foxton said Friday that Windhorst had known that not showing up broke court rules, citing Windhorst’s “misplaced view” of prioritizing canvassing potential investors to settle the debt rather than following the court’s orders.
The Top 6 Crypto Hedge Funds in 2023 (CoinCodex.com)
Crypto hedge funds are among the most important players in the cryptocurrency and blockchain industry, as they are the main source of funding for crypto and blockchain projects with potential. Crypto hedge funds have grown significantly in recent years, with some firms raising $1 billion and more for their funds. When it comes to the cryptocurrency space, the lines between hedge funds and venture capital firms can sometimes be blurred. Many crypto investment firms use investment strategies that are typical for hedge funds but also invest in early-stage companies.
