Hedge Fund and Insider Trading News: Jay Petschek, Ray Dalio, Martin Shkreli, Falcon Edge Capital, Elliott Management, Northlander Commodity Advisors LLP, Curtiss-Wright Corp. (CW), Euronet Worldwide, Inc. (EEFT), and More

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The Hedge Fund Manager Who Didn’t Plan On Managing A Hedge Fund (Forbes)
Unlike some hedge fund managers, Corsair Capital founder Jay Petschek didn’t plan on being a fund manager. He wasn’t particularly focused on a specific career path when he was growing up but he did know he liked all sports, solving puzzles, strategy games, and he was always very good at numbers.

BUSINESS LIVE: FTSE 100 Rises Back Towards November High; Stagecoach Profits Grow; TUI Revenue Rebounds; SSE Rocked by Hedge Gund Broadside (ThisIsMoney.co.uk)
Hedge fund Elliott Management has launched a blistering attack on SSE and called for sweeping changes at the renewable energy giant. The New York-based activist, run by feared financier Paul Singer, demanded the company appoint two new board directors and reconsider splitting the firm in two. A rebound in market sentiment continued on Wednesday, with shares set for their biggest two-day jump since November last year as investors became less concerned about the Omicron variant.

Hedge Fund Northlander Surges 116% in 2021 Boosted by Carbon Bet (Bloomberg)
Northlander Commodity Advisors LLP’s flagship hedge fund gained more than 116% this year, driven by bets on the soaring price of European Union carbon emission permits. The fund advanced almost 13% in November, helping push it to its best year since launching in 2012, according to a letter to investors seen by Bloomberg News. Northlander’s assets under management were about $340 million at the start of December.

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A Billionaire Hedge Fund Manager is Surrendering $70 Million Worth of Illegally Smuggled Antiquities. See Photos of the Relics, Including a Sculpture that was Loaned to the Met. (Business Insider)
Billionaire hedge fund manager Michael Steinhardt must return a collection of 180 stolen antiquities. The items are valued at $70 million and smuggled out of 11 countries by 12 criminal networks. A global team of 60 investigators worked the case for four years, and Steinhardt will not face charges.

Firm Once Owned by ‘Pharma Bro’ to Pay $40M in Price-Gouging Settlement (UPI.com)
Dec. 8 (UPI) — A company once owned by hedge fund manager Martin Shkreli, a young investor who became known as “pharma bro,” has agreed to pay $40 million to settle charges that it ran up the cost for a potentially life-saving medication after acquiring the rights to it. The Federal Trade Commission said Vyera Pharmaceuticals agreed to the deal to settle price-gouging charges.

Falcon Edge Has a New Name (Institutional Investor)
The hedge fund firm is remaking itself as more of a venture capital specialist. Falcon Edge Capital has changed its name to Alpha Wave Global, effective November 24, according to a regulatory filing.The firm, which did not disclose why it made this move, declined to comment. But it has told clients that it made the change to better reflect the firm’s breadth and depth,…

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