Hedge Fund and Insider Trading News: Dan Kamensky, Bill Ackman, Alan Howard, Paul Tudor Jones, Kyle Bass, Vail Resorts, Inc. (MTN), Corcept Therapeutics Incorporated (CORT), and More

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Hedge Fund Manager Who ‘Came Undone’ is Heading to Prison (PENews.com)
On a summer Friday afternoon last year, hedge-fund manager Dan Kamensky broke bankruptcy laws. That evening on a recorded line, he pleaded with a banker to say the whole thing was a misunderstanding. “Maybe I should go to jail,” Kamensky said on the call. Kamensky reports to federal prison on 18. His hedge fund is in the process of closing, and a career that included stints at law firm Simpson Thacher & Bartlett and storied hedge fund Paulson & Co. has been wrecked.

Bill Ackman Sent a Text to the CEO of Mastercard. What Happened Next Is a Parable for ESG. (Institutional Investor)
On a Saturday morning last December, Bill Ackman was scrolling through Twitter when an article in The New York Times caught his eye. “The Children of Pornhub,” by Nicholas Kristof, told how unauthorized sex — and rape and torture — videos were being spread across the internet on a website called Pornhub, one of the most popular in the world. Ackman, who has four daughters, was outraged when he read how one teenager ended up a Pornhub victim after sending a naked video of herself to a boy she had a crush on. Harassed and humiliated, the young girl attempted suicide.

Billionaire Hedge Fund Manager Paul Tudor Jones Says to ‘Go All in’ on Inflation Trades if the Fed Stays Nonchalant About Rising Prices. Here are 3 Trades from Top Investors, and 3 Hedging Strategies if the Fed Delivers a Surprise U-turn. (Business Insider)
All eyes are on the Fed’s meeting this week as one hotter-than-expected inflation reading after another keeps adding to the inflationary pressure weighing on the US economy and financial markets. The Producer Price Index, which measures prices that suppliers charge businesses, rose 0.8% from April and 6.6% year-over-year, making it the largest 12-month increase on record. The Consumer Price Index, which measures final prices paid for goods and services, surged 5% in May from a year ago, another 12-month record since August 2008.

Covalis Capital's Returns, AUM and Holdings


Billionaire Founder of Brevan Howard Hedge Fund Moving Into Crypto (The Street)
Alan Howard, the founder of and former CEO of the hedge fund Brevan Howard, is now making huge moves into the crypto space, according to a report from The Block. Since stepping down as CEO of Brevan Howard, Howard has started a new firm called Elwood, which focuses solely on cryptocurrency. Created in 2018, Elwood initially offered crypto asset management. Now, it has transitioned to a software business that provides institutions access to crypto markets and exchanges.

Hedge Fund Brummer Allocates $500 Million to U.K. Managers (Bloomberg)
Swedish hedge fund Brummer Multi-Strategy is partnering with two investment teams in the U.K. to explore opportunities in the industrial and financial sectors. The Stockholm-based fund, which has $4.3 billion in assets under management, is handing $250 million to Kersley Street Capital LLP and Pantechnicon Advisors LLP each, said Mikael Spangberg, who oversees Brummer & Partner’s flagship fund along with its founder Patrik Brummer.

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