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Hedge Fund and Insider Trading News: Crispin Odey, Warren Buffett, Marble Ridge Capital, Zoom Video Communications Inc (ZM), OrganiMax Nutrient Corp (BNRJF), and More

Hedge Fund Manager Odey Pleads Not Guilty to Indecent Assault Charge (Reuters)
LONDON (Reuters) – Crispin Odey, one of Britain’s highest-profile hedge fund managers and political donors, pleaded not guilty in court on Monday to a charge of indecent assault. Odey, 61, was charged in May with indecently assaulting a woman in 1998 under the Sexual Offences Act. Appearing at Westminster Magistrates’ Court, the founder of Odey Management spoke to confirm his name and address and deny the charge.

Marble Ridge Reaches Agreement With Neiman Marcus – but a Texas Judge Has Sharp Words for the Hedge Fund (Institutional Investor)
Marble Ridge, whose founder Daniel Kamensky was arrested on fraud charges, appears to have struck a $10 million deal with the retailer, which was trying to freeze $55 million of the funds’ assets. Hedge fund Marble Ridge appears to have reached an agreement with retailer Neiman Marcus that could potentially end the two-year saga between the upscale department store chain and the hedge fund whose founder was arrested on criminal fraud charges over his conduct in the retailer’s bankruptcy proceedings. But in a Friday afternoon court hearing, a Texas judge had harsh words for the attorneys representing Marble Ridge over the fund’s latest court filing before the deal was announced.

Warren Buffett’s Berkshire Hathaway Gets Back to Basics with $600 million Scripps Deal After Shock Bets on Snowflake and Barrick Gold (Business Insider)
Warren Buffett‘s Berkshire Hathaway has shocked investors in recent weeks by dumping financial stocks, investing in a gold miner, and betting on a lossmaking technology company’s IPO. However, its latest deal shows it hasn’t completely torn up its traditional playbook. The famed investor’s conglomerate has committed $600 million to help finance Scripps’ $2.65 billion takeover of ION Media. In exchange, Berkshire will receive 6,000 preferred shares carrying an 8% annual dividend, paid quarterly. If the media group doesn’t pay in full and on time, the dividend rate will rises to 9% or more than $650 million a year.

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AIFM Conveyor Keeps Rolling (Hedge Nordic)
Stockholm (HedgeNordic) – Soon after the launch of Antiloop Hedge in early September, Swedish fund management company AIFM Group formally announced a collaboration with the multi-strategy hedge fund run by a four-member team with Anna Svahn in charge. AIFM, the independent fund company that helped set up Antiloop Hedge as an alternative investment fund, will also serve as the external risk manager for the fund on an ongoing basis.

INDOS Financial Recommends Asset Managers to Focus on Regulatory Governance Issues (InstitutionalAssetManager.co.uk)
“Asset managers are nowadays at risk of missing out on mandates if they cannot demonstrate that their governance and oversight measures are robust,” said Bill Prew, CEO of independent fund oversight provider INDOS Financial in a recent investment market commentary. “The current combination of intense global regulatory and institutional investor pressure is requiring more asset managers to enhance their internal operational processes and fund governance practices.”