Hedge Fund and Insider Trading News: Dan Kamensky, Tiger Global Management, Bridgewater Associates, Standard General, Archegos Capital Management, Cyclerion Therapeutics Inc (CYCN), Sayona Mining Ltd (DMNXF), and More

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Dan Kamensky, the Hedge Fund Manager Who Said ‘Maybe I Should go to Jail,’ is Sentenced to 6 Months in Prison (Business Insider)
After nine months, Dan Kamensky‘s prediction came true. The founder of distress hedge fund Marble Ridge Capital received a prison sentence of six months on Friday after being arrested for securities fraud, wire fraud, extortion and bribery, and obstruction of justice in early September. “I feel quite confident in judging the defendant as a good man, but one who lost his moorings,” the judge said. She also imposed a $55,000 fine and six months of home confinement.

Credit Suisse Names New Europe Equities Head After Archegos (Bloomberg)
Credit Suisse Group AG named Neil Hosie head of equities for Europe, Middle East and Africa, replacing Ryan Nelson who stepped down after the bank lost $5.5 billion in the collapse of Archegos Capital Management. Hosie will remain as head of equities for Asia Pacific, according to people familiar with the decision who asked not to be identified since the matter is private. He will relocate to London in due course, the people said.

U.S. TV Firm Tegna Defeats Hedge Fund Standard General in Proxy Vote (Reuters)
BOSTON (Reuters) – Tegna shareholders re-elected all 12 directors to the U.S. regional TV station operator’s board, handing victory to management and rebuffing hedge fund Standard General after it tried for a second time to add new directors. Preliminary vote counts showed that all 12 directors were re-elected, the company said in a statement on Friday.

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Avoid Crypto and ‘Meme Stocks’ and Buy These Instead, Hedge Fund Manager Says (CNBC)
Hedge fund manager David Neuhauser has warned against blindly following investment trends, and instead named a number of stocks that provide “solid value in an otherwise bubbly equity and bond market.” Neuhauser, CIO at alternative asset management firm Livermore Partners, warned that investors buying into the “Robinhood phenomena” often lacked a well-rounded approach to trading, overlooking fundamentals.

Tiger Global Management Leads USD83m Series D VAST Data Funding Round as Company Valuation Triples in One Year to USD3.7bn (Hedge Week)
VAST Data, the storage software company breaking decades-old tradeoffs, has secured USD83 million in a Series D funding, led by Tiger Global Management, at a post-money valuation of USD3.7 billion – a tripling of the company’s valuation since April 2020. The round features strong participation from NVIDIA and several other existing investors, and is driven by VAST’s unique combination of rapid customer adoption and positive cash flow. The funds add to VAST’s Series B and Series C investments to create a balance sheet that is USD230 million strong, positioning VAST as the next great independent infrastructure company that is poised to disrupt and transform cloud and AI data centres globally.

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