Hedge Fund and Insider Trading News: Jeff Ubben, Ray Dalio, Viking Global, Bridgewater Associates, Man Group, Magnolia Oil & Gas Corp (MGY), and More

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Ray Dalio Says the Workplace is Never Going Back to the Same Way it was Pre-Covid (CNBC)
Billionaire investor Ray Dalio believes the workplace will never return to pre-pandemic conditions as flexibility and technology became the major driving forces in the new world. “The future of the workplace is going to be characterized by probably two things — customization and technology. We’ve been given a gift to be able to rethink what we are doing,” Dalio said Wednesday at CNBC’s @Work Summit. “I don’t think we are going to go back to the old world.”

Jeff Ubben and Singapore’s GIC Back $830 Million Fertiglobe IPO (Bloomberg)
Abu Dhabi and OCI NV are selling a stake worth as much as $830 million in their Middle Eastern fertilizer venture to buyers including a Singapore sovereign wealth fund and U.S. activist investor Jeff Ubben. OCI and Abu Dhabi National Oil Co. are offering 13.8% of Fertiglobe Holding in an initial public offering that comes as the business booms, thanks in part to a natural-gas shortage hurting rivals in Europe. The firm will be valued at $6 billion at the top end of the price range.

Viking Global Alums are on a Red-Hot Launch Streak. Here’s How ‘Entrepreneurial DNA,’ Deep Pockets, and Top-Tier Training Created the Perfect Breeding Ground for the Next Generation of Hedge-Fund Superstars (Business Insider)
It’s the age-old problem for entrepreneurial traders looking to launch their own funds: You can’t build a track record without money, but it’s hard to raise money without a track record. Yet managers coming out of Andreas Halvorsen‘s $60 billion hedge fund, Viking Global, seem to be handling it just fine. Since Dan Sundheim‘s massively successful launch of D1 Capital in 2018, there have been six more spinoffs from Viking that have collectively raised billions — and at least one more is in the works.

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Barnard College Partners with Bridgewater Associates to Encourage More Women to Join the Investment Industry (PR Newswire)
NEW YORK, Oct. 12, 2021 /PRNewswire/ — Barnard College announced today that the investment management firm Bridgewater Associates has funded a grant to launch the “New Pathways Powered by Bridgewater” initiative, which will unfold over six years and provide financial support for young women pursuing academic study in economics, math, statistics, and computer science, with the goal of encouraging more women to enter the investment industry through time. To realize this goal, Barnard will recruit “New Pathways Bridgewater Scholars” and will partner with Bridgewater to provide the training, exposure, and opportunities required to become workforce leaders in critical sectors of the labor market where women are underrepresented. This initiative will reflect the diversity of the Barnard student body, which is currently 41% students of color.

Man Group’s Funds Under Management Reach New High in Q3 (Hedge Week)
Man Group’s funds under management reached a new high of USD139.5 billion during the third quarter, fueled by positive inflows and strong investment performance, with its hedge fund and alternative strategies driving growth. The London-based publicly-traded investment management giant – often considered a bellwether for the wider UK hedge fund industry – attracted net inflows of USD5.3 billion and positive investment returns of USD400 million, which outweighed negative FX and other impacts of USD1.5 billion stemming from a stronger US dollar particularly sterling and the euro.






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