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Hedge Fund and Insider Trading News: Daniel Och, Ray Dalio, Deere & Company (DE), Carnival Corp (CCL), and More

Clash Between Founder and Protégé Plunges Och-Ziff Into Crisis (The Wall Street Journal)
Once they were mentor and protégé. Now Daniel Och and James Levin are trapped in a battle for the future of one of New York’s biggest investment firms. In the late 1990s, Mr. Levin was working at a summer camp in Wisconsin, teaching Mr. Och’s son how to water ski. By last year, the younger man was in line to succeed Mr. Och as chief executive of Och-Ziff Capital Management LLC, the largest publicly traded hedge fund in the U.S. with $33 billion in assets under management.

Dalio Says Bonds Face Biggest Bear Market in Almost 40 Years (Bloomberg)
Billionaire hedge-fund manager Ray Dalio said that the bond market has slipped into a bear phase and warned that a rise in yields could spark the biggest crisis for fixed-income investors in almost 40 years. “A 1 percent rise in bond yields will produce the largest bear market in bonds that we have seen since 1980 to 1981,” Bridgewater Associates founder Dalio said in a Bloomberg TV interview in Davos on Wednesday. We’re in a bear market, he said.

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Hedge Fund TCI Predicts £15bn Bid For London Exchange Owner (Juicebrighton.com)
The hedge fund which laid siege to the London Stock Exchange’s boardroom last year has stoked expectations of a £15bn takeover bid for the company from a transatlantic rival. Sky News has learnt that Sir Christopher Hohn, who runs The Children’s Investment Fund Management (TCI), told investors last week that consolidation in the exchanges sector was inevitable. Sources familiar with Sir Christopher’s remarks said he predicted that a takeover bid from either CME Group, which owns the Chicago Mercantile Exchange, or the New York Stock Exchange’s parent, Intercontinental Exchange (ICE), was increasingly likely for all or part of the LSE’s business.

The World’s Hottest Hedge Fund Says Banking Juniors Aren’t Adequately Trained (news.efinancialcareers.com)
Jonathan Jones knows a thing or two about investment banks’ analyst programmes. Between 2003 and 2012 he occupied a range of recruiting roles for Goldman Sachs, including the global head of recruitment for the investment banking division. Nowadays, Jones is the head of investment talent development for Point72 Asset Management, the family office of hedge fund manager Steve Cohen: he’s the man to talk to if you want to work with Cohen as a portfolio manager. Jones says Point72 hires juniors from banks, but they always need additional training. “Our own Point72 Academy Program for training graduates is substantive and rigorous,” says Jones. “The whole thing lasts for 10 months.” By comparison, he says most investment bank training programmes last only six weeks.

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