Hedge Fund and Insider Trading News: Michael Platt, Chris Hohn, Bill Ackman, Cathie Wood, Allogene Therapeutics Inc (ALLO), and More

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BlueCrest Hedge Fund’s 30% Surge Lifts Founder Platt’s Fortune to $12.8 Billion (Bloomberg)
Michael Platt’s wealth swelled even further last year as the billionaire continues to outperform most hedge funds with the freedom to take on riskier bets after returning clients money. Gains at his private investing firm BlueCrest Capital Management were about 30% in 2021, according to a person with knowledge of the matter, who asked not to be identified because the information is private. While that was not as high as previous annual gains, it was three times the average return of a basket of hedge funds tracked by Bloomberg.

Investor Bill Ackman Says the Federal Reserve Needs a ‘Shock and Awe’ Rate Hike in Order to Restore its Credibility with Markets. (Business Insider)
Billionaire hedge fund manager Bill Ackman said the Federal Reserve needs to deliver a big interest rate hike to restore its credibility and “shock and awe” the market. In a series of tweets on January 15, Ackman said, “The @federalreserve could work to restore its credibility with an initial 50 bps surprise move to shock and awe the market, which would demonstrate its resolve on inflation.”

Extinction Rebellion Donor Leads World’s Top-Performing Hedge Fund (The Guardian)
The world’s 20 top performing hedge fund managers earned a record $65.4bn ($48bn) profit for their clients in 2021 after bets placed on rising stock markets paid off. The biggest winner was TCI, the fund run by British billionaire Sir Chris Hohn, which made a gain of $9.5bn last year, according to the annual rankings by LCH Investments.

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Hedge Fund Manager Says Ark ETF Stocks are a Potential ‘Time Bomb’ (CNBC)
David Neuhauser’s hedge fund Livermore Partners was short Cathie Wood’s Ark Innovation ETF in 2021. He now says ARKK will become a “poster boy for all the things in the current cycle that you should not have been investing in.” ARKK is down 11% year-to-date, according to Refintiv data. Hedge fund manager David Neuhauser, who shorted Cathie Wood’s flagship fund last year, says Ark Innovation will become a “poster boy for all the things in the current cycle that you should not have been investing in.”

The Tenoris Approach to Risk Mitigation (Hedge Nordic)
Stockholm (HedgeNordic) – New up-and-coming funds such as Tenoris One contribute to the heterogeneity that had already been inherent in the Nordic hedge fund industry. Launched by Henric Nordin and Jacob Andersson in 2020, Tenoris One is a multi-strategy, multi-asset fund investing in a wide range of assets, including hard commodities, soft commodities, currencies, stock market indices, and individual stocks, among others. This “multi-asset” focus stems from the duo’s objective to achieve attractive returns with low risk.

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