Hedge Fund and Insider Trading News: Kyle Bass, Phase 2 Partners, Viking Global Investors, Elliott Management, Oasis Management, Third Point LLC, Origo Fonder, Design Therapeutics Inc (DSGN), and More

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Wall Street is ‘Funding’ Russia’s War Machine: Hedge Fund Manager (Fox Business)
Hayman Capital Management founder and CIO Kyle Bass joined “Mornings with Maria,” Wednesday and warned that Wall Street is “funding” Russia’s war machine. He also suggested that the Biden administration “needs to get serious” about sanctioning Vladimir Putin during his invasion of Ukraine.

Elliott Management Back Nick Candy Bid for Chelsea Football Club (Si.com)
Nick Candy’s bid to buy Chelsea Football Club has now received backing from Elliott Management, according to reports. The Blues have been up for sale since the beginning of the month, with the news coming just a week before current owner Roman Abramovich was sanctioned by the UK Government. Raine Group are overseeing the sale of the west London side, with a number of parties believed to have shown interest in a potential acquisition.

Third Point Trims SentinelOne, Its Largest Long (Institutional Investor)
The move comes after Dan Loeb’s hedge fund firm sharply reduced its stake in Upstart Holdings in the fourth quarter. Third Point has begun to pare back its largest long position.On March 17, the hedge fund firm headed by Dan Loeb sold 405,000 shares of cyber security company SentinelOne for an average price per share of between $35.53 and $36.85, according to a regulatory filing.

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Origo Continues Quest with Long-Only Fund (Hedge Nordic)
Stockholm (HedgeNordic) – Stockholm-based hedge fund manager Origo Fonder is expanding its fund offering with the launch of Origo SELEQT, a long-only equity fund investing in Nordic micro- and small-sized companies. Based on the Origo model fixated on active management, long-term commitment and a clear focus on value drivers, Origo SELEQT will invest in attractively valued and growing small companies in the Nordic region with market values below €2 billion.

Broker TP ICAP Shares Jump 11% After U.S. Hedge Fund Urges Sale (Reuters)
March 23 (Reuters) – Shares of the world’s largest inter-dealer broker TP ICAP jumped as much as 11% on Wednesday after U.S. hedge fund Phase 2 Partners asked the British company to explore a sale. Phase 2 Partners, which holds 7.7 million shares in the TP ICAP, urged the London-listed company to look for a new ownership structure through a potential sale or merger with another global trading platform.

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