Hedge Fund and Insider Trading News: Leon Cooperman, Gatemore Capital, Agecroft Partners, Pequot Capital Management, Shanghai MingShi Investment Management, Brookfield Asset Management, Digital Media Solutions Inc (DMS), Garmin Ltd. (GRMN), and More

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Hedge Fund Gatemore Takes 3.37% Stake in Superdry (Reuters)
LONDON (Reuters) – Hedge fund Gatemore Capital on Monday said it had built a 3.37% stake in UK retailer Superdry (SDRY.L) and expected it to benefit from changing consumer trends as a result of the coronavirus pandemic. “Superdry has shown strong resilience despite a challenging trading environment in recent months, and we are confident the business is poised to benefit from the trend towards casualwear which has been accelerated by Covid-19,” Liad Meidar, Managing Partner at Gatemore, said in a statement.

Hedge Fund Billionaire: Stock Market Not Recognizing Risks (CNN Business)
Hedge fund billionaire Leon Cooperman tells CNN’s Christine Romans he thinks the market is overvalued, and that it is overlooking “a number of things.”

China Hedge Fund Using AI to Invest Eyes $1 Billion in Assets (Bloomberg)
A Chinese hedge fund using artificial intelligence to invest in the nation’s stock market expects to exceed $1 billion in assets on growing demand for quantitative investment strategies. Shanghai MingShi Investment Management has raised $600 million offshore since March and is targeting at least another $400 million in the next few months as current investors ramp up allocations, said Stephan Zhou, a partner at the company. That’s despite the fact that due diligence has become more difficult because of the pandemic, he added.

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A $47 Billion Fund Manager Shares 3 Trades She’s Making for Huge Upside as the Economy Recovers — Including a Play On the Tesla-Led Boom of Electric Vehicles (Business Insider)
In a market dominated by technology stocks in recent months, Margaret Vitrano, a portfolio manager at ClearBridge Investments, sees fewer and fewer opportunities in the sector. Given the high price multiples in tech, she’s instead turning her attention toward consumer-oriented stocks. Vitrano is basing these plays on increases in consumer spending as the US economy reopens.

Brookfield Asset Management Hits an Initial $829m Close for Its First European Core-Plus Real Estate Fund (Opalesque.com)
Laxman Pai, Opalesque Asia: The global alternative asset manager Brookfield Asset Management announced the initial closing of its first European core-plus real estate fund, Brookfield European Real Estate Partnership (BEREP), with total equity commitment to date of €725 million ($829m). The core-plus fund dedicated to European real estate investments continues Brookfield’s focus on establishing core-plus real estate funds in large, developed regions, which also includes funds focused on North America and Australia, informed the investment management services provider with over US$515 billion of assets under management. BEREP committed equity in mid-April to its first investment, 42 rue de Paradis, a high-quality office building in Paris.

The Investors Choice (Hedge Nordic)
Stockholm (HedgeNordic) – From the eight Nordic hedge funds recognized as “Top Performer” winners at the Investors Choice Awards 2020 in the EMEA region, only Ress Life Investments went on to win an “Investors Choice” award. “This award gives us recognition for our long-term commitment to the asset class in which we have built a solid track record since the fund’s inception in 2011,” Cristina Lugaro, Institutional Sales at Resscapital, comments on the distinction. The “Top Performer” winners, which were announced earlier this summer, competed for the “Investors Choice” awards in their respective categories. The fund managed by Stockholm-based specialist boutique hedge fund manager Resscapital was recognized for long term performance in a “Specialist” category that featured Rhenman Healthcare Equity L/S and four other “Top Performer” winners in contention for the “Investors Choice” award.

Agecroft Partners Announces Gaining the Edge – Cap Intro 2020 (Hedge Week)
Agecroft Partners has announced the details for Gaining the Edge – Cap Intro 2020 which is aiming to be the largest capital introduction event in the alternative investment industry. The event will take place from 5-16 October and will leverage the success of Gaining the Edge – Hedge Fund Conferences, which have sold out all six event,s and Gaining the Edge – Hedge Fund Educational Webinar Series, which has had over 3,500 hedge fund professionals register, including over 1,500 investors/allocators. This event will also donate a large portion of the profits to select charities that benefit at-risk youth. To date, Gaining the Edge LLC and Agecroft Partners have donated over USD2 million dollars to these organisations.

Hedge Fund Performance Update: June 2020 (Preqin.com)
Hedge funds performed positively in June, gaining 2.30% and edging the 2020 YTD return closer to positive territory. Equity strategies were the best performing top-level strategy, returning +3.08%. This factsheet presents the hedge fund performance benchmarks for June 2020. Plus, the YTD and 12-month return figures for all top-level strategies, structures, denominations, and size classifications.

Arthur Samberg, Founder of Hedge Fund Pequot, Dies at 79 (Bloomberg)
Arthur Samberg, the founder of Pequot Capital Management Inc., once the world’s largest hedge fund, has died. He was 79. Samberg died on July 14, according to a notice published in the New York Times. He had leukemia, according to an obituary on the Beecher Flooks Funeral Home’s website. “He was a very intelligent guy, very hard-working, smart and successful,” Leon Cooperman, the billionaire founder of Omega Advisers, who was friends with Samberg for 55 years, said in a phone interview Sunday. “He never forgot where came from, he shared his success with others less fortunate, he was self-achieved.”

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