Hedge Fund and Insider Trading News: Michael Burry, Rokos Capital Management, Alden Global Capital, Point72 Asset Management, Advanced Micro Devices Inc. (AMD), Thomson Reuters Corp (TRI), and More

Rokos, Impala, Carlson Disclose Major Buys (Institutional Investor)
The hedge funds were among firms that disclosed their first quarter long positions in U.S. equities ahead of the filing deadline. Rokos Capital Management made a slew of major moves in its U.S. stock portfolio in the first quarter.The macro giant headed by Chris Rokos established new positions in four stocks that instantly became top-10 U.S. common stock holdings.

‘Orlando Sentinel’ Reporters Hold Rally This Saturday Amid Hedge Fund Buyout Fears (Orlando Weekly)
Reporters and journalists prefer to stay in the background. They do the hard work and research to write about the news that impacts us daily, centering other people’s problems. But sometimes life has other plans, forcing journalists to speak up for themselves. This a crucial point in the life of the Orlando Sentinel, the city’s paper of record. On May 21, shareholders of the Sentinel’s parent company will vote on a buyout bid from the hedge fund Alden Global Capital.

‘Big Short’ Investor Michael Burry Predicted the Inflation Spike a Year Ago – and Sounded the Alarm Multiple Times in February (Business Insider)
Michael Burry said as early as April last year – weeks after the first lockdowns in the US – that the post-pandemic reopening could cause inflation to spike. His prediction was proved right this week by data showing that consumer prices had jumped by 4.2% year-on-year last month, the sharpest increase in 11 years. “When we start working and playing again, inflation may be in store,” the investor told Bloomberg for a story published on April 7, 2020.

10 best cheap stocks to invest in February 2021

Pixabay/Public Domain

Steve Cohen’s Point72 Is Exploring Blockchain, Crypto Sector (Bloomberg)
Steve Cohen’s Point72 Asset Management is eyeing cryptocurrency-related investments. “We are exploring opportunities around blockchain technology and its transformative and disruptive capabilities,” the firm said in a letter to investors seen by Bloomberg. “We would be remiss to ignore a now $2 trillion crypto currency market.”

Trium Capital Hires Ex-Millennium and Sandell Manager Felix Lo to Launch New M&A Hedge Fund Strategy (Hedge Week)
Felix Lo, a merger arbitrage specialist who managed money at Sandell Asset Management and Izzy Englander’s Millennium Management, has joined Trium Capital to run a new USD200 million global event driven fund targeting the ongoing resurgence in corporate M&A activity. Lo spent 10 years at Sandell where managed its Global Merger Arbitrage & Event portfolio, which ran some USD1.4 billion of assets. He moved to LMR in 2017 where he led the same strategy alongside analyst Neo Tsangarides, before the pair joined Millennium in 2019 managing up to USD500 million. Lo and Tsangarides are launching the Trium Khartes Event Driven Fund, with an expected USD200 million based comprising investor commitments, a double-digit million seed pledge from Trium, and significant ‘skin-in-the-game’ capital from Lo himself.