Hedge Fund and Insider Trading News: David Tepper, Bill Ackman, Bridgewater Associates, Alden Global Capital, Nedbank Group (NDBKF), Snap Inc (SNAP), and More

Alden’s Buyout Offer Coincides with the 3rd Anniversary of the Capital Gazette Shooting (Poynter.org)
June 28 marks the third anniversary of the deadly attack on the (Annapolis, Maryland) Capital Gazette newsroom that killed five: Gerald Fischman, John McNamara, Rob Hiaasen, Wendi Winters and Rebecca Smith. The month also coincides with the buyout offer from the newspaper’s new hedge fund owner, Alden Global Capital, which recently acquired Tribune Publishing.

Bridgewater is Mandating its Employees Take off at Least 15 Days a Year. Its Deputy CEO Explains How the New Policy will Combat Burnout. (Business Insider)
Nir Bar Dea wants his employees to enjoy their vacations more than he does. Bar Dea, the deputy CEO of Bridgewater Associates, told Insider in an interview that while he takes a fair amount of time off, he often ends up on his laptop by the pool. The reality is that new work dynamics make it easy to just hop on a quick Zoom call, Bar Dea said, instead of completely disconnecting.

Hedge Funds Plan to to Hold 7% of Assets in Crypto in Coming Years (Crypto-Reporter)
Hedge funds plan to significantly increase their cryptocurrency holdings by 2026, reports Financial Times. In a survey by Intertrust among 100 hedge funds CFOs from around the world, they forecast to increase the assets to 7.2% in about five years. That could amount to a total of about $312bn of assets in cryptos, based on data group Preqin’s prediction for the total size of the hedge fund industry, according to Intertrust. Seventeen per cent of participants expected to have more than 10 per cent in crypto. The highest appetite for risk has been demonstrated by hedge funds in North America with an average expected exposure at 10.6 per cent, while their UK and European counterparts expect 6.8 per cent on average.

The Chief Financial Officer of Nedbank Group (Other OTC: NDBKF) is Selling Shares (Analyst Ratings)
Today, the Chief Financial Officer of Nedbank Group (NDBKF), Mh Davis, sold shares of NDBKF for $2M. NDBKF’s market cap is $4.37 billion and the company has a P/E ratio of 18.40. The company has a one-year high of $9.00 and a one-year low of $5.80.

Snap Inc (SNAP) CEO Evan Spiegel Sold $30.7 million of Shares (Guru Focus)
CEO of Snap Inc, Evan Spiegel, sold 471,617 shares of SNAP on 06/14/2021 at an average price of $65.14 a share. The total sale was $30.7 million.

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