Hedge Fund and Insider Trading News: Dmitry Balyasny, Per Johansson, Ray Dalio, Decagon Asset Management, Solstein Capital, Rocket Companies Inc (RKT), Genworth Financial Inc (GNW), and More

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Dmitry Balyasny is Recruiting Interns Out of High School. Here’s How the $12 Billion Firm is Trying to Diversify the Financial Industry by Scouting Young Talent. (Business Insider)
A typical day in the life of a high school senior includes college test prep, filling out college applications, and worrying about getting a prom date — not so much an internship at a hedge fund. Dmitry Balyasny, however, has an opportunity for those high achievers that want to get a feel for the finance industry before they even start college.

Former Capstone Money Manager Gets Squarepoint Cash for New Hedge Fund (Bloomberg)
Ben Durham, a former portfolio manager at Capstone Investment Advisors, is preparing to start his own hedge fund with capital from investors including Squarepoint Capital. Durham, 39, is setting up Decagon Asset Management and plans to start trading by the middle of this year with seed capital from Squarepoint, the two firms said in a statement. Decagon will be based in London and New York and will bet on the booming market for corporate deals.

These Hedge Funds Made Money in January’s Downturn (Institutional Investor)
While many of their peers were down sharply last month, several funds specializing in either tech or healthcare were up. It’s no secret that January was a nightmare for many tech and healthcare funds, especially for the many funds that were down by double digits. These include big names like Tiger Global, Melvin Capital, Perceptive Advisors, and RTW Investments.

Top 10 Stocks to Buy According to John Orrico's Water Island Capital

Source: pexels

Per Johansson and Team Join Catella Fonder (Hedge Nordic)
Stockholm (HedgeNordic) – Bodenholm founder Per Johansson and his team at Boden Capital are joining Catella’s fund management business acquired by Swedish investment company Athanase Industrial Partner. Johansson will be the new head of fund management at Catella Fondförvaltning, which is changing its name to Celina Fondförvaltning.

Managed Funds Association Calls for Regulatory Action to Strengthen US Markets (Hedge Week)
The Managed Funds Association (MFA), an organisation representing the global alternative investment and private funds industry, has released policy recommendations for market structure reform in the equity, Treasury, and security-based swaps markets. In its proposals, MFA advocates for proactive ways financial regulators can modernise the US market structure to enhance the strength and resiliency of markets and promote stability, liquidity, and integrity.

SEC Chair Gary Gensler Wants to Know More About What Hedge Funds and Private Equity are Doing (CNBC)
Securities and Exchange Commission Chairman Gary Gensler kicked off an ambitious regulatory agenda this year – and his agency is pushing forward on key measures for hedge funds and private equity. The federal agency is meeting on Wednesday to consider three new rules: more disclosure from hedge funds and private equity funds, more disclosure regarding cybersecurity risks and attacks, and shortening the date on which stock transactions must be settled, a fallout from the GameStop saga.

China’s Quant Hedge Funds Stumble After Breakneck Growth (The Wall Street Journal)
Some data-driven Chinese hedge funds have stumbled, after several years of eye-catching returns and surging inflows from investors. These quantitative fund managers use statistical models to select stocks and time trades, relying on machine-developed trading algorithms to filter out human weaknesses and find patterns in the market. The rise of Chinese quant investing mirrors earlier growth on Wall Street, with stock markets in both countries being large and liquid.

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