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Hedge Fund and Insider Trading News: Ken Griffin, Ray Dalio, Brevan Howard Asset Management, Everett Capital Advisors, Cognex Corporation (CGNX), SAGE Therapeutics Inc (SAGE), and More

Brevan Howard Ties Up With Soros Alum (HFAlert)
Brevan Howard Asset Management is again backing Adam Fisher, a global-macro manager whose capital-raising efforts appear to be rapidly gaining momentum. The arrangement saw Brevan Howard buy a minority stake in Commonwealth Asset Management, a Los Angeles firm that Fisher began setting up upon his January 2019 exit from Soros Fund Management. While terms of the deal remain unclear, indications are that the injection is substantial. Fisher, meanwhile, has zeroed in on January 2020 to launch a macro hedge fund with $800 million. And he already has raised initial capital for a real estate vehicle. That would be in addition to capital that he had thought would be coming from Soros via a separate account – but that after months of negotiation has yet to arrive.

Ray Dalio is Mentoring Sean ‘Diddy’ Combs-here’s the ‘Formula for Success’ He Shared (CNBC)
Hedge-fund billionaire Ray Dalio revealed via Twitter on Tuesday that he is mentoring hip-hop mogul Sean “Diddy” Combs. Dalio also posted a 25-minute video of their “mentor session.” “He asked me to mentor him to help him take his great success to another level,” Dalio tweeted on Tuesday. “The greatest joy I’m having now is helping other people to be successful, particularly helping people who can help a lot of people. Sean Combs, also known as Diddy, is one such person.”

Ken Griffin Has Another Money Machine to Rival Hedge Fund (Bloomberg)
Citadel Securities is sometimes dismissively referred to as “Citadel’s trading arm” — seen as a forgotten backwater of Ken Griffin’s hedge fund empire, where quants toil on complex algorithms to arbitrage tiny differences in stock prices or calculate bid-ask spreads for Treasuries. It’s much more than that. The market-making firm, which is actually separate from Griffin’s hedge fund, generated $3.5 billion of revenue last year — vastly outpacing nonbank peers and catching up with Wall Street rivals.

Insider Trading Wall Street Trader Panic

Luis Louro / shutterstock.com

Everett Capital, a London Hedge Fund to Return Investors’ Capital (Invezz.com)
Everett Capital Advisors, a London hedge fund, is returning capital to investors. Everett Capital started trading with about $140 million and grew assets to more than $600 million by 2018. It’s unclear what Hampaul, its founder plans to do with the firm after returning investors’ capital. Everett Capital Advisors, a London hedge fund, is returning capital to investors. Kelly Hampul, an industry veteran, founded the hedge fund in 2015. He is a former money manager at the New York-based Taconic Capital Advisors.

Month in Review – November 2019 (Hedge Nordic)
Stockholm (HedgeNordic) – Nordic hedge funds gained 0.8 percent on average in November (90 percent reported), as equity hedge funds benefited from strong performance in equity markets. Following three months of negative or muted performance, Nordic hedge funds, as expressed by the Nordic Hedge Index, are now up 4.5 percent year-to-date through November.

Starboard Value Has Nominated Majority Board Slate at Health-Services Company Mednax (The Wall Street Journal)
Activist investor Starboard Value LP has privately nominated a majority slate of directors at Mednax Inc. and is pushing the healthcare-services company to sell all or part of itself, according to people familiar with the matter. Starboard, which has taken a sizable stake in Mednax, submitted the slate ahead of the company’s nomination deadline a little over a week ago, the people said. The two sides are in discussions, and should they come to an agreement, Starboard could withdraw the slate.

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