Hedge Fund and Insider Trading News: Livermore Partners, NexPoint, Andurand Capital Management, Thor Industries, Inc. (THO), Peloton Interactive Inc (PTON), and More

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United Development Funding IV Recommends Shareholders Reject Hedge Fund NexPoint’s Twelfth Extended Hostile Tender Offer (GlobeNewswire)
GRAPEVINE, Texas, Jan. 19, 2022 (GLOBE NEWSWIRE) — United Development Funding IV (“UDF IV” or the “Trust”) announced that it recommends Trust shareholders reject the twelfth extended unsolicited tender offer made by hedge fund NexPoint Diversified Real Estate Trust (NexPoint), formerly the NexPoint Strategic Opportunities Fund, to purchase all Trust common shares (the “Shares”) for $1.10 per share (the “Tender Offer”). The Trust’s Board of Trustees (the “Board”) believes that NexPoint’s extended tender offer price of $1.10 per share represents a substantial discount to the Trust’s current value, and that other factors also lead to the conclusion that shareholders should reject the Tender Offer.

Commodities Hedge Funds Post Strong Gains for Second Year (Bloomberg Quint)
(Bloomberg) — Commodities hedge funds have posted strong returns for a second consecutive year in 2021 as the energy transition created trading opportunities from crude oil to base metals. The Bridge Alternatives Commodity Hedge Fund Index, which tracks some of the largest commodities-focused funds including Andurand Capital Management and CoreCommodity Management LLC, reported “positive double-digit performance” for 2020 and 2021, the firm said in a Wednesday statement.

Tesla Stock Could Slump 50% While 3 Legacy Automaker Pose Challenge to EV Leadership, Says Livermore Hedge Fund Manager (Business Insider)
In an interview with CNBC, the chief investment officer at Chicago-based hedge fund Livermore Partners, said shares could have a 50% downside in the event of an auto industry decline whenever that may be. Tesla CEO Elon Musk built the company “in a way that it almost only has downside,” Neuhauser told CNBC, adding that the company is going to face “tremendous pressure” from legacy automakers who were previously behind the curve in EVs.

Commodity Hedge Funds Post ‘Strong Performance’ in 2021 as Energy Transition Opportunity Looms (Hedge Week)
Commodity-focused hedge funds saw “strong performance” in 2021, with many seeing the energy transition towards renewables as a big opportunity and a USD3 billion uplift in investment across the index, according to Bridge Alternatives. The findings came as part of the Bridge Alternatives Commodity Hedge Fund Index, a monthly report which is designed as a benchmark to track the performance of the largest commodity-focused hedge funds globally.

Private Equity Outperformance Continues (Preqin)
Private equity’s growing exposure to the strong-performing technology sector has been a key factor in its success, but predicting the impact of inflation remains a challenge. Private equity returns have continued to outperform the public markets. Despite emerging-market-style CPI prints, both in the US and elsewhere, the backdrop for private equity performance remains fundamentally positive. US consumer prices increased 6.2% year-on-year to October 2021; this compares to the 4.7% inflation that Oxford Economics is forecasting for emerging markets in 2021.

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