Hedge Fund and Insider Trading News: David Einhorn, D. E. Shaw, Viking Global Investors, Sculptor Capital Management, Lynx Asset Management, Insulet Corporation (PODD) Lyft, Inc. (LYFT), and More

Einhorn’s Greenlight to Reap Big Gains on Black Knight Bet (Bloomberg)
Hedge fund manager David Einhorn bet big that Intercontinental Exchange Inc. would succeed in taking over mortgage software company Black Knight Inc. despite US antitrust opposition, and his wager is set to pay off. Greenlight Capital, Einhorn’s firm, has reaped more than $20 million on the trade since the end of June, according to data compiled by Bloomberg. The fund manager said in its April letter to investors that it had bought shares of Black Knight, and said in a filing for the second quarter it had added to its position, bringing its holdings to around 1.34 million shares.

D. E. Shaw Launches Another New Fund (Institutional Investor)
The hedge fund giant is seeking capital for a new offering in its Alkali group of funds. D. E. Shaw is raising money for a new fund. The hedge fund giant recently began to raise capital for D. E. Shaw Alkali International Fund VI, the newest fund in its Alkali group of funds, according to a regulatory filing. It is the latest among several funds launched by the hedge fund giant this year alone.

Viking Raiders Go Short with Bet Against Lloyds (The Times)
A $41 billion hedge fund dubbed a “Tiger Cub” by Wall Street has built one of the biggest short bets ever recorded against Lloyds Banking Group. Disclosures to the Financial Conduct Authority show that Viking Global Investors, an American firm led by the Norwegian billionaire Andreas Halvorsen, has taken a 0.61 per cent net short position in shares of Lloyds.

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Hedge Fund Veteran Lined Up to Take the Helm as GAM Chief Executive (Financial News)
The activist group on the verge of taking over Swiss asset manager GAM has named hedge fund veteran Randel Freeman as its preferred candidate for chief executive. Freeman, who has previously held asset and wealth management roles at Goldman Sachs and BNP Paribas, co-founded hedge fund group Centaurus Capital in 2000 — one of the first hedge funds in Europe that managed more than $5bn at its peak. He sold the business in 2014 to Fortress Investment Group.

Lynx Welcomes Two Co-Heads of Systematic Equities (Hedge Nordic)
Stockholm (HedgeNordic) – Systematic asset manager Lynx Asset Management has brought in two Co-Heads of Systematic Equities to lead a long-term project in developing a systematic long/short equity strategy. The new hires include the previous head of SEB’s Quantitative Equity team, Andreas Johansson, and Stefan Nydahl, previously CEO of systematic manager Informed Portfolio Management (IPM).