Hedge Fund and Insider Trading News: Howard Marks, Bill Ackman, Brevan Howard Asset Management, Canyon Partners, Electrameccanica Vehicles Corp (SOLO), Simulations Plus Inc (SLP), and More

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Brevan Howard Has a Plan to Outlast Its Billionaire Founder (Bloomberg)
Alan Howard is synonymous with the hedge fund he founded nearly two decades ago. His chief executive officer is on a mission to change that. Aron Landy, who replaced the billionaire at the helm of Brevan Howard just over a year ago, is shifting the famed macro investing firm away from being a founder-led hedge fund toward a broader financial-services operation, readying it to survive beyond the man whose name is above the door.

Howard Marks and Joel Greenblatt Discussed Market Bubbles, Tech Stocks, and Investing Tips in a Recent Interview. Here are the Value Investors’ 9 Best Quotes. (Business Insider)
Value investors Howard Marks and Joel Greenblatt discussed market bubbles, tech stocks, and the key things they’ve learned during their careers in a recent RealVision interview. The Oaktree Capital Management co-chairman and the co-chief of Gotham Asset Management agreed there were signs of irrational exuberance in markets.

Norway’s Trillion-Dollar Fund Pushes Portfolio Companies to Diversify Boards (Financial News)
Norway’s sovereign wealth fund, which has more than $1.3tn in assets under management, has said its portfolio companies must increase diversity on their boards. Norges Bank Investment Management said in a 15 February statement that the boards of its investments should “have a diversity of competencies and backgrounds” and “an appropriate gender balance”.

Covalis Capital's Returns, AUM and Holdings

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With No Deal Yet, Pershing Square Tontine Is Running Too Hot (Investorplace.com)
Bill Ackman’s special purpose acquisition company (SPAC), Pershing Square Tontine (NYSE:PSTH), continues to move higher. In fact, PSTH stock popped as high as $33 per share last week. That was a nice bump over its previous trading range in the high $20s. PSTH stock has settled in around the $30 mark. That’s quite impressive. Keep in mind that Ackman debuted Pershing Square Tontine at about $20 per share.

Los Angeles-Based Hedge Fund Chooses Dallas for Office Expansion (Biz Journals)
Canyon Partners LLC, a $24 billion hedge fund based in Los Angeles, has chosen Dallas for its next corporate office. The company’s new space will be located within Harwood No. 2 at 2728 N. Harwood Street in Uptown Dallas. While the company declined to disclose how many square feet it had leased, plans submitted to the state show that the company is leasing about 13,000 square feet, or an entire floor. Andy Leatherman and Brad Selner of JLL represented the tenant while Hannah Waidmann and Kelly Whaley of Harwood International represented the landlord.

UB’s Focus on Antifragiles (Hedge Nordic)
Stockholm (HedgeNordic) – Known as the architect of HCP Focus – one of the most consistently top-performing long-only equity hedge funds in the world for many years, Ernst Grönblom parted ways with Helsinki Capital Partners last spring to later launch a fund employing the same philosophy under the umbrella of United Bankers. The recently-launched UB Thales Argo applies the same strategy and investment principles Grönblom relied on throughout most of his investing career. “Don’t fix something which isn’t broken,” says portfolio manager Tom Wiik, who co-manages UB Thales Argo with Grönblom.







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