Hedge Fund and Insider Trading News: D1 Capital Partners, Alden Global Capital, Universa Investments, Immersion Corporation (IMMR), Keysight Technologies Inc (KEYS), and More

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Cloud Analytics Startup Sigma Computing Raises $300 mln in Funding Round (Reuters)
Dec 16 (Reuters) – Sigma Computing said on Thursday it had raised $300 million in a funding round led by D1 Capital Partners and hedge fund XN, the latest startup to tap growing investor interest in the cloud analytics sector.

Hedge Fund Sues Post-Dispatch Owner for Rejecting its Takeover Bid (Stlpublicradio.org)
Hedge fund Alden Global Capital sued Lee Enterprises on Wednesday, accusing the newspaper chain of breaching its bylaws and improperly rejecting its takeover bid. Lee, which owns the St. Louis Post-Dispatch and nearly two dozen other Midwest newspapers, last week rebuffed a $141 million bid from Alden, which has a reputation for saddling newspapers with debt and aggressively cutting costs.

Hedge Fund Confidence Edges Down (Hedge Nordic)
Stockholm (HedgeNordic) – Confidence across the hedge fund industry has edged down in the fourth quarter amid challenging market conditions and concerns about inflation. Based on a sample of more than 300 hedge funds accounting for around $1.7 trillion in assets, the average measure of confidence as reflected by the AIMA Hedge Fund Confidence Index (HFCI) stands at +15.81 for the fourth quarter, nearly five points lower than the score reported in the third quarter.

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Most Hedge Funds Set for Permanent Hybrid Working, Industry Study Finds (Hedge Week)
Most hedge funds are now moving to a permanent hybrid working environment as a result of the Covid-19 pandemic, but concerns over team-building, collaboration and decision-making remain, as more managers look to expand their product offering into new areas and strategies, a wide-ranging new study published by the Alternative Investment Management Association and KPMG has found. AIMA, the global industry trade association for hedge funds, and KPMG quizzed 162 hedge fund managers collectively representing USD1 trillion in assets under management – roughly quarter of the total global industry assets – on how their businesses are pivoting to the new working environment that has resulted from the coronavirus pandemic.

Hedge Funds Set to End 2021 with Inflows (The Express Tribune)
NEW YORK: Global hedge funds are poised to achieve positive inflows in 2021, for the first time in three years, data from Preqin shows, thanks to strong returns and an investor shift to alternative assets during a period of volatility and rising inflation. Alternative assets data and analytics firm Preqin’s data shows hedge funds have attracted flows totalling $40.9 billion in the first three quarters of the year, after outflows of $97.2 billion and $44.5 billion in 2019 and 2020 respectively.





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