Hedge Fund and Insider Trading News: Ken Griffin, Jason Mudrick, Ray Dalio, Steven Cohen, Sachem Head Capital Management, Echostar Corporation (SATS), and More

US Foods, Pressured by Hedge Fund, Eyes Board Shakeup – Sources (Reuters)
March 16 (Reuters) – US Foods Holding Corp (USFD.N) is interviewing potential candidates for its board as the food distributor tries to fend off a challenge from activist investor Sachem Head Capital Management, two people familiar with the matter said.

AMC’s Gold Miner Investment Makes Perfect Sense to the Investing Faithful (Bloomberg)
Faithful investors who helped pull AMC Entertainment Holdings Inc. back from the financial brink are cheering its unorthodox investment in Hycroft Mining Holding Corp., a troubled gold and silver mining company. The investment follows a challenging run for Hycroft, which went public in early 2020 through a merger with a special purpose acquisition company backed by hedge fund manager Jason Mudrick. It had lost around 80% of its value since its debut, and the company asked its lenders to grant it some breathing room on its debt last month.

Viking Long Fund Master Ltd Investing In High-Quality Talents As It Has Become One of the Top Hedge Fund Companies (Globe Newswire)
New York, NY, March 16, 2022 (GLOBE NEWSWIRE) — Viking Long Fund Master Ltd, a cryptocurrency investment management company under Viking Investment, is accelerating the pace of recruitment to take advantage of the upsurge of talents entering digital assets. Its founder said that the number of employees of the company increased by more than 200% to nearly 200 last year. This year, the company has expanded the scale of 45 people.

Tuesday 3/15 Insider Buying Report: SATS (Nasdaq.com)
On Monday at EchoStar, there was insider buying on Thursday, by Director R. Stanton Dodge who bought 20,500 shares at a cost of $24.17 each, for a total investment of $495,485. This purchase marks the first one filed by Dodge in the past year. EchoStar is trading up about 5% on the day Tuesday.

Insiders Sell More Than $321M Of 4 Stocks (Benzinga)
Canoo: The Trade: Canoo Inc. (GOEV) 10% owner Champ Key Ltd sold a total of 10,500,000 shares at an average price of $6.53. The insider received around $68.56 million from selling those shares. Southern Copper: The Trade: Southern Copper Corporation (SCCO) +2.5% Director, Chairman of the Board German Larrea Mota Velasco sold a total of 200,000 shares at an average price of $74.94. The insider received around $14.99 million from selling those shares.

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