Hedge Fund and Insider Trading News: Melvin Capital, Kimmeridge Energy Management, Perceptive Advisors, Quadrature Capital, Starboard Value, LYFT Inc (LYFT), CenterPoint Energy Inc (CNP), and More

Page 1 of 2

Hedge Fund Boss Eyes $153 Million London Fixer-Upper Penthouse (Bloomberg)
Suneil Setiya, the co-founder of quant investing firm Quadrature Capital, is in talks to purchase a penthouse in London’s luxury One Hyde Park development for about 110 million pounds ($153 million), according to two people with knowledge of the transaction. Setiya is buying the home from Hasan Ismaik, the former chief executive officer at Dubai-based construction company Arabtec Holding, which entered liquidation last year, the people said, asking not to be identified as the negotiations are confidential.

Scaramucci to Bring SALT Hedge Fund Conference to NYC to Give City a ‘Boost’ (Yahoo Finance)
Hedge fund impresario Anthony Scaramucci, the managing partner of $9.2 billion fund-of-funds SkyBridge Capital, is bringing his famed SALT Conference to New York City in September. “I thought it was important to bring the conference back at a time where New York could use the boost. We did something very similar in Las Vegas after the global financial crisis,” Scaramucci told Yahoo Finance Live exclusively.

The Investment Chief at Perceptive Advisors Lays Out the $8 Billion Hedge Fund’s SPAC Strategy and Why He would Rather Liquidate than Make a Bad Deal (Business Insider)
Compared to the average SPAC sponsor, Perceptive Advisors‘ track record has been phenomenal. Less than a third of SPACs that took a target company public between 2015 and the summer of 2020 generated positive returns, according to Greenwich-based investment bank Renaissance Capital, yet Perceptive has seen gains so far for the three private companies it has taken public in the last 12 months: German-based biotech firm Immatics, Pfizer spinoff Cerevel Therapeutics, and biotech firm Nautilus.

Wall Street Stocks Market Insider Trading

Rawpixel / shutterstock.com

Ovintiv Adds Investor Kimmeridge’s Nominee to Board to Settle Proxy Fight (Reuters)
(Reuters) – U.S. oil and gas producer Ovintiv Inc said on Thursday it added a nominee of hedge fund Kimmeridge Energy Management to its board, ending a proxy fight and winning the fund’s support at its annual shareholder meeting. Kimmeridge has a 2.5% stake and is among Ovintiv’s top 10 shareholders. It launched a proxy fight for three board seats in January and had urged the company to alter its capital spending and focus on governance.

Melvin Capital Posts Return of More Than 20% in February, Sources Say (CNBC)
The hedge fund at the center of the GameStop saga gained more than 20% in February, clawing back some of its losses from a brutal January, sources told CNBC’s Leslie Picker. Melvin Capital, which previously had a large bet against the video game retailer, saw a return of 21.7% in February, according to the sources. The fund declined by 53% in January during the dramatic short squeeze that sent GameStop and other stocks soaring.

Page 1 of 2