Billionaire Ken Griffin’s Citadel is Surpassing Other Multi-Strategy Hedge Funds with Double-Digit Returns This Year. Here’s How These Funds Did in October. (Business Insider)
Billionaire Ken Griffin‘s Citadel is surpassing other multi-strategy hedge funds with double-digit returns this year. Here’s how these funds did in October. Citadel’s gain comes as stocks had a big run in October. The S&P 500 gained 8% over the month, however, year to date the index is down 21%.
Domain Capital Raises More than $700m for Commingled Entertainment Fund (Opalesque.com)
Private investment management firm Domain Capital, along with its Domain Capital Advisors (DCA) subsidiary, has pulled down $700 million in equity commitments for its entertainment fund and co-investment vehicle focused on film, television, and music, with an allocation for other related investment opportunities. With $170 million having already been spent, Domain reiterated that it will look to invest the remaining capital in film, television, and music moving forward. According to a media release from the Atlanta-based investment firm, the fund follows the company’s successful deployment of an $830 million separate account launched in 2012, which focused primarily on film and television assets.
U.S. Inflation will Moderate Next Year, But a Recession is ‘Inevitable,’ Says Man Group Hedge Fund CEO (Fortune)
The good news is that the Federal Reserve’s campaign to cool off inflation by hiking interest rates will succeed—but it will come at the cost of higher unemployment and an almost certain recession. That’s the conclusion of Luke Ellis, CEO of Britain’s Man Group, the world’s largest publicly listed hedge fund manager, during an interview with Bloomberg Television.
US Probes Insider Trading in Prearranged Executive Stock Sales (Bloomberg)
US authorities are investigating whether executives have been gaming prearranged stock-sale programs designed to thwart the possibility of insider trading. The Justice Department and Securities and Exchange Commission are using computer algorithms in a sweeping examination of preplanned equity sales by C-suite officials, according to people familiar with the matter. Investigators are concerned that some people are manipulating the stock-sale programs, which are intended to shield executives from misconduct allegations by letting them schedule transactions in advance and on preset dates.
$10 Million Bet On This Consumer Cyclical Stock? 4 Stocks Insiders Are Buying (Benzinga)
Mobileye Global: The Trade: Mobileye Global Inc. (MBLY) CEO and President Amnon Shashua acquired a total of 476,191 shares an average price of $21.00. To acquire these shares, it cost around $10 million. Allegion: The Trade: Allegion plc (ALLE) President and CEO John Stone acquired a total of 12,500 shares at an average price of $104.45. To acquire these shares, it cost around $1.31 million.
