Hedge Fund and Insider Trading News: Fir Tree Capital Management, Point72 Asset Management, Voss Capital LLC, Three Arrows Capital, Svelland Global Trading Fund, Eterna Therapeutics Inc (ERNA), Microsoft Corporation (MSFT), and More

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Three Arrow Capital’s Zhu, Davies Subpoenaed in US Bankruptcy Case (Coin Desk)
A New York bankruptcy judge has agreed to issue subpoenas against the founders of Three Arrows Capital as liquidators seek to wind down the collapsed crypto fund. “The foreign representatives and their agents are authorized to serve subpoenas for the production of documents and testimony upon the founders, the investment managers and anyone else that might have information about Three Arrows’ affairs,” U.S. Bankruptcy Judge Martin Glenn for the Southern District of New York wrote in a court document published on Tuesday.

An Activist Investor Takes on BlackRock Over E.S.G. (The New York Times)
A hedge fund sees BlackRock’s embrace of E.S.G. principles as a distraction, and it wants the money-management giant’s C.E.O., Laurence Fink, to step down. BlackRock draws an activist investor who wants Fink out: In recent years, BlackRock has become one of the most prominent voices in support of investing in accordance with environmental, social and corporate governance – or E.S.G. – principles. That approach has drawn support from environmental activists, as well as growing political blowback, largely from Republican politicians and activists who accuse the firm of imposing progressive policies on state funds.

Hedge Fund Sues Grayscale for Data on Battered Bitcoin Trust (Bloomberg)
Fir Tree Capital Management is suing Grayscale Investments for information to investigate potential mismanagement and conflicts of interest at its $10.7 billion Bitcoin fund. The Grayscale Bitcoin Trust closed Monday at a 43% discount to the value of the Bitcoin it holds, in part because the firm issued many shares in the past few years and didn’t redeem any of them, according to a complaint filed Tuesday in Delaware Chancery Court.

Tor Svelland’s Fund Tops the Ranking (Hedge Nordic)
Stockholm (HedgeNordic) – One month to the end of the year, Svelland Global Trading Fund of Norwegian Tor A. Svelland takes the top spot in this year’s list of best-performing Nordic hedge funds. Svelland’s long/short equities- and commodities-focused strategy is up 45.2 percent so far in 2022 to take its annualized return since launching in August 2017 to 25 percent.

Competing in Markets is Tougher than the Olympics, Says market Maestro Ray Dalio (BusinessToday.in)
Ray Dalio, the Founder of the world,s largest hedge fund Bridgewater Associates, is one of the most important voices in global financial markets. TIME magazine lists him among the 100 most influential people on the planet, and he is widely known as the Steve Jobs of investing, such is the inventiveness he brought to fund management. In an exclusive interview with Business Today,s Global Business Editor Udayan Mukherjee, Dalio talks about the burning issues in the global economy today and warns of dire days ahead. Edited excerpts:





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