Hedge Fund and Insider Trading News: John Paulson, Crispin Odey, Citadel LLC, Camelot Capital Partners, D1 Capital, LGT Capital Partners, Enviva Inc (EVA), Centene Corporation (CNC), and More

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Bausch Health Names Hedge Fund Billionaire Paulson Chairman (Bloomberg)
Bausch Health Cos. named hedge fund billionaire John Paulson as its new chairman, replacing Joseph Papa, who resigned Thursday. The pharmaceutical and device company, which focuses on eye care, gastroenterology and dermatology products, said Papa’s resignation wasn’t the result of “any dispute or disagreement.” Paulson, who is also the company’s second-largest shareholder, starts immediately.

Hedge Fund Camelot Builds Stake in Boohoo (Proactive Investors)
American hedge fund Camelot Capital Partners is building a stake in Boohoo Group PLC (AIM:BOO) as the retailer battles the impact of customer returns and inflation. Camelot has taken a 4.59% stake in the British online retailer, crossing the threshold for regulatory disclosure. The California-based hedge fund bought approximately 58mln shares or an unknown consideration, which could be worth more than £34mln.

Could Troubled Hedge Fund D1 Capital Go Privates-Only? (Institutional Investor)
Daniel Sundheim’s hedge fund is said to be selling off its public stocks as the tech meltdown continues. After more than 14 years at Viking Global Investors, Daniel Sundheim struck out on his own to launch D1 Capital Partners in 2018 — to much fanfare. The former Viking CIO embraced both the tech growth bubble and the booming world of privates, taking a risky gamble by putting as much as 50 percent of one share class in the hedge fund in illiquid privates — and then adding leverage to the mix. But now the strategy of the once-lauded Sundheim may be coming undone. “My sources tell me that [D1] is closing,” Whitney Tilson, founder and CEO of Empire Financial Research, wrote in an email to his followers on Thursday.

Chicago Loses a Business Citadel (The Wall Street Journal)
The first step to recovery is supposed to be admitting you have a problem. But Illinois Gov. J.B. Pritzker still won’t, even after billionaire Ken Griffin on Thursday said he’s moving his Citadel hedge fund and securities trading firm to Miami from Chicago. Mr. Griffin noted in a letter to employees that many workers had clamored to relocate to other offices, including Miami. They don’t merely want to escape Chicago’s winters. Many are literally running for their lives amid a crime surge that shows no signs of abating.

How 3 Hedge Funds are up More Than 100% Even as Markets Slump and Other Managers Struggle (Business Insider)
Some hedge funds are having a tough first half of the year, but others are winning in a tumultuous market environment. New York-based global macro hedge fund Haidar Capital Management, e360’s Power Fund, a commodity-based hedge fund in Austin, Texas, and investor Crispin Odey‘s eponymous hedge fund have topped the charts for their performance over the five months ending in May, according to a report by Societe Generale’s prime services business.






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