Hedge Fund and Insider Trading News: Ken Griffin, David Einhorn, CQS Cayman LP, Segantii Capital Management, Excalibur Asset Management, Old Republic International Corporation (ORI), McKesson Corporation (MCK), and More

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Billionaire Ken Griffin has Now Contributed $50 Million to Richard Irvin’s Campaign for Governor (Chicago Tribune)
Hedge-fund billionaire Ken Griffin has upped his investment in Republican governor candidate Richard Irvin to $50 million, with an additional $5 million contribution reported Tuesday. The latest infusion of cash to Irvin came shortly after Democratic Gov. J.B. Pritzker launched an attack ad late last week contending that Griffin’s support for Irvin was the result of Irvin’s actions as mayor of Aurora to push through a project important to the hedge-fund investor’s high-frequency trading business, Citadel Securities. Griffin is founder and CEO of the Citadel investment firm.

Segantii Capital’s ex-bankers are still hiring in Hong Kong (eFinancialCareers)
To most investment banks Segantii Capital Management is known as one of the most active hedge funds in Hong Kong, where it’s a go-to fund for banks looking to trade in Asia. That could change after it was claimed that Bank of America and Citi suspended trading with the fund, which was launched by ex-banker Simon Sadler in 2007. According to the FT, Bank of America and Citigroup suspended equity trading with Segantii Capital Management, due concerns about the hedge fund’s bets on the sale of large blocks of shares. The banks were said by the FT to be reducing their exposure to Segantii as US authorities have launched an investigation into block trading at several Wall Street financial institutions.

Hedge Fund Excalibur Sees Chance of a Half-Point Riksbank Rate Hike in June (Bloomberg)
Inflation data shows alternative scenario more likely: manager. Rising inflation rate is adding pressure for faster rate hikes. A Swedish hedge fund manager who correctly predicted the timing of the Riksbank’s return to a positive policy rate said the central bank may ramp up the speed of tightening at its next meeting.

Countries with the Smallest Government Per Capita in the World


Greenlight Kept the Pedal to the Metal in May (Institutional Investor)
David Einhorn’s recently embattled firm is enjoying its best year in recent memory. David Einhorn remained on a roll last month.The value-oriented hedge fund manager’s Greenlight Capital posted a 4.8 percent gain in May and is now up 20.9 percent for the year, according to a person who has seen the results.

Hintze’s CQS Closes Internal Fund on Back of Outflows (Hedge Week)
A CQS fund that invests across a rage of internal strategies at the London-based credit hedge fund firm, is to close following significant outflows, according to a report by the Financial Times. The $20 billion firm, which was founded by billionaire trader Sir Michael Hintze and offers a range of funds that trade instruments including structured credit, convertible bonds, asset-backed securities and equities, is reported to have informed investors of its decision to wind down the CQS Diversified Fund earlier this week having seen assets shrink by roughly half to $388 million.

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