Billionaire Investor John Paulson Walked Through his Iconic Bet Against the Housing Bubble in a Recent Interview. Here are the 11 Best Quotes. (Business Insider)
John Paulson explained his famous bet against the US housing bubble in a recent episode of Finanze, a podcast hosted by Logan Lin, a 17-year-old student at a California high school. The billionaire investor – who converted his Paulson & Co. hedge fund into a family office last year – detailed how he anticipated the housing market’s collapse, shorted about $25 billion of securities, and scored a $15 billion windfall. His wager was immortalized in the book “The Greatest Trade Ever: The Behind-the-Scenes Story of How John Paulson Defied Wall Street and Made Financial History.”
Hedge Fund Guru Ray Dalio Warns of U.S./China ‘Great-Power Conflict’ at Greenwich Economic Forum (Greenwich Time)
GREENWICH — A few years ago, the founder of Westport-based Bridgewater Associates, the world’s largest hedge fund manager, wrote a No. 1 bestseller explaining the principles that guide him in business and other pursuits. Now, in the midst of the COVID-19 pandemic, Greenwich resident Ray Dalio said he has been thinking and writing about the precepts needed to respond to a world that is not only grappling with the worst public health crisis in 100 years but also contending with massive political and economic disruption.
This Credit Hedge Fund Takes a Cue From Tiger Global (Bloomberg)
Speed of capital. It’s a term Scott Goodwin and Jonathan Lewinsohn use to explain what makes their credit hedge fund, Diameter Capital Partners, different. In this interview excerpt, they explain why making quick decisions on bonds and loans is a competitive advantage — and why there are parallels to Tiger Global Management in venture capital and Blue Owl Capital Inc. in non-bank lending. Goodwin and Lewinsohn spoke exclusively with Erik Schatzker on Bloomberg’s “Front Row.” (Source: Bloomberg)
Photo by Marga Santoso on Unsplash
‘Rising Star of Hedge Funds’ Launches Quadratic Deflation ETF (Hedge Week)
Asset management firm Quadratic Capital Management has launch the Quadratic Deflation ETF (NYSE Arca: BNDD). Managed by Nancy Davis, Quadratic Capital Management’s Founder and Chief Investment Officer who has been dubbed a rising star of hedge funds’, BNDD seeks to profit from a variety of challenging environments including lower growth, deflation, lower or negative long-term interest rates, and/or a reduction in the spread between shorter and longer-term interest rates by investing in US Treasuries and options.
Schroders Hires Aktia Duo (Hedge Nordic)
Stockholm (HedgeNordic) – British asset manager Schroders has hired Jan Brännback and Janne Lähdesmäki, two experienced fund managers from Finnish asset manager Aktia Asset Management. The duo, who specializes in small and micro caps, will join Schroders next year and will be based in Schroders’ Helsinki office. “The Nordic region is home to some of the world’s most innovative companies and we expect Jan and Janne to provide our Equities business with on the ground insight into future technologies and leading edge sustainable businesses,” comments Rory Bateman, Head of Equities at Schroders. “Their investment process is geared towards identifying innovative growth companies that demonstrate a structural competitive edge in their sectors. Integrating sustainable risks and opportunities is also a key component.”
One River Digital raises $41M from Goldman Sachs and Coinbase (Coin Telegraph)
One River Digital, a cryptocurrency-focused hedge fund offering exposure to Bitcoin (BTC) and Ether (ETH), has closed its first funding round after launching last year. One River Digital president Sebastian Bea confirmed Wednesday that the company had raised $41 million in a Series A financing round from investors, including Goldman Sachs and Coinbase Ventures.
Top Aussie Hedge Fund Manager Banned for Market Manipulation (Hedge Week)
The Australian Securities and Investments Commission (ASIC) has banned Dylan Christopher Rands, of Sydney, NSW, from providing financial services for five years after finding he engaged in market manipulation. Rands was a former dealer and portfolio manager at AUD2 billion hedge fund group Regal Funds Management Pty Ltd (Regal). As part of his portfolio-manager role, Rands managed trading in Clearview Wealth Limited shares, which were held in several Regal funds.
Invesco is Partnering with Mike Novogratz’s Galaxy Digital to Launch Crypto ETFs (Business Insider)
Invesco confirmed in a regulatory filing on Tuesday it is partnering with Galaxy Digital Holdings to launch cryptocurrency exchange-traded funds, joining a long list of over two dozen companies pining to be the first in the country to launch a fund backed by digital assets. Invesco, one of the biggest operators of ETFs in the US, and Mike Novogratz‘s Galaxy Digital is aiming for their ETF to track the performance of cryptocurrencies while trading like a stock.
Tuesday 9/21 Insider Buying Report: MIDD, NMFC (Nasdaq.com)
On Thursday, Middleby’s Director, Robert A. Nerbonne, made a $201,650 purchase of MIDD, buying 1,165 shares at a cost of $173.09 a piece. Middleby is trading off about 0.7% on the day Tuesday. This purchase marks the first one filed by Nerbonne in the past twelve months. And also on Thursday, Director Rome G. Arnold III bought $197,194 worth of New Mountain Finance, buying 15,000 shares at a cost of $13.15 each. New Mountain Finance is trading up about 2.4% on the day Tuesday.
The Non-Executive of Canadian National Railway (NYSE: CNI) is Buying Shares(Analyst Ratings)
Today, the Non-Executive of Canadian National Railway (CNI), Margaret Anne Mckenzie, bought shares of CNI for $441.9K. This recent transaction increases Margaret Anne Mckenzie’s holding in the company by 179% to a total of $539.1K. Following Margaret Anne Mckenzie’s last CNI Buy transaction on February 04, 2021, the stock climbed by 12.2%.
CS Disco Insider Sold Over $69.67 Million In Company Stock (Benzinga)
Krishna Srinivasan, Director at Cs Disco (NYSE:LAW), made a large insider sell on September 17, according to a new SEC filing. What Happened: A Form 4 filing from the U.S. Securities and Exchange Commission on Friday showed that Srinivasan sold 1,358,699 shares of Cs Disco at a price of $51.28. The total transaction amounted to $69,670,688.
