Dear Valued Visitor,

We have noticed that you are using an ad blocker software.

Although advertisements on the web pages may degrade your experience, our business certainly depends on them and we can only keep providing you high-quality research based articles as long as we can display ads on our pages.

To view this article, you can disable your ad blocker and refresh this page or simply login.

We only allow registered users to use ad blockers. You can sign up for free by clicking here or you can login if you are already a member.

Hedge Fund and Insider Trading News: Ken Griffin, Tom Steyer, Amber Capital, Acadia Pharmaceuticals Inc. (ACAD), and More

Activist Amber Capital Locks Horns with Lagardere Over Lawsuit (Reuters)
PARIS (Reuters) – Activist shareholder Amber Capital, which is being sued by Lagardere (LAGA.PA), said on Monday the lawsuit was baseless and it would continue to seek strategy and management changes at the French publishing group. Lagardere – whose businesses include publishing house Hachette and Relay news agents – said on Friday it was suing minority shareholder Amber and seeking 84 million euros ($93 million) in damages. It accused the fund, which also has a stake in French utility Suez, of leading a “destabilising campaign” and using smear tactics in the press, adding that these had hurt its share price.

Citadel’s Ken Griffin Gives $125 million to Chicago Museum; Name will Change (Pensions&Investments)
Hedge fund manager Kenneth C. Griffin has given $125 million to Chicago’s Museum of Science and Industry, the largest donation in its history. The gift from Mr. Griffin, founder and CEO of Citadel LLC, will result in renaming the museum as the Kenneth C. Griffin Museum of Science and Industry. “The Museum of Science and Industry celebrates our greatest scientific and commercial achievements and ignites the imaginations of all who visit,” Mr. Griffin said in a news release from the museum. “As one of the most important institutions of science in the world, the museum’s impact extends far beyond its halls. I am honored to support MSI’s mission to inspire the next generation of scientific exploration and innovation.”

Insider Trading, NYSE, Markets, Stock Trader On The Phone

Image By Monkey Business – Adobe

PE Daily: EIG Going Long on Port Bet | Blackstone in Talks for Citadel Stake (The Wall Street Journal)
It’s the Columbus Day holiday here in the U.S. and many of you are hopefully enjoying a well earned day off. Over the weekend, The Wall Street Journal reported that Blackstone Group has discussed an investment in Citadel’s hedge fund unit as well as its securities growing operation, although it remains to be seen whether those talks will lead to an actual deal.

Korea’s Top Hedge Fund Freezes $710 Million As Investors Try to Withdraw (Bloomberg)
Lime Asset Management Co., South Korea’s largest hedge fund with about $4 billion of assets, suspended withdrawals from more funds on Monday, freezing a total of $710 million of its portfolio, after the firm said last week it couldn’t sell assets fast enough to meet redemption demands. The hedge fund halted an additional 243.6 billion won ($210 million) today after freezing funds worth 603 billion won on Oct. 10, Won Jong-Jun, chief executive officer at the Seoul-based firm, said in a press briefing this afternoon. A further 489 billion won of funds may also be restricted from withdrawals, he said.

Tom Steyer’s First Debate: What to Expect From the Paradoxical 2020 Democrat (NYMag.com)
Most of the 11 debaters who will be on the stage in Ohio on Tuesday (or 12, if Tulsi Gabbard doesn’t go through with her threat to boycott the event as part of a DNC/media scheme to “rig” the nomination contest) are familiar figures to those who tune in regularly to these spectacles. Ten of them have been in all three previous debates, and Gabbard missed the September stage. But now, voters will see someone who might be a new face: Tom Steyer.

Ophir Looks Offshore with New Global Fund (AFR.com)
Ophir Asset Management has become the latest Australian fund manager to look offshore, announcing its Ophir Global Opportunities Fund on Tuesday. The small and mid-cap manager has been managing the fund in the background for the past year but has already delivered huge returns to the small pool of investors who bought in during October last year.

DOWNLOAD FREE REPORT: Warren Buffett's Best Stock Picks

Let Warren Buffett, George Soros, Steve Cohen, and Daniel Loeb WORK FOR YOU.

If you want to beat the low cost index funds by 19 percentage points per year, look no further than our monthly newsletter.In this free report you can find an in-depth analysis of the performance of Warren Buffett's entire historical stock picks. We uncovered Warren Buffett's Best Stock Picks and a way to for Buffett to improve his returns by more than 4 percentage points per year.

Bonus Biotech Stock Pick: You can also find a detailed bonus biotech stock pick that we expect to return more than 50% within 12 months.
Subscribe me to Insider Monkey's Free Daily Newsletter
This is a FREE report from Insider Monkey. Credit Card is NOT required.