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.
Top 20 Hedge Funds Earned USD65.4bn for Investors in 2021, Says LCH (Hedge Week)
The world’s top 20 hedge funds in terms of performance generated a record USD65.4 billion for investors in 2021, according to data released by LCH Investments, a fund of funds firm that tracks returns and is part of Edmond de Rothschild group. A report in the Financial Times says the total is the largest ever reported by LCH Investments since it started compiling data in 2010.
These Are the World’s Top Hedge Funds for 2021 (Bloomberg)
Citadel, D.E. Shaw follow in ranking of most-profitable firms. Industry produced a total of $176 billion in gains last year. Billionaire Chris Hohn’s TCI Fund Management made $9.5 billion for clients last year, leading some of the world’s biggest hedge funds who collectively produced record gains. The group of top 20 hedge fund firms generated $65.4 billion in after-fees gain last year, according to estimates by LCH Investments, a fund of hedge funds. Ken Griffin’s Citadel and quantitative hedge fund giant D.E. Shaw & Co. were the next most-profitable firms in terms of absolute gains.
The Hedge Fund Titans Who Made Millions During Covid Market Turmoil (The Times)
Some high-profile financiers sailed through the pandemic, writes Jim Armitage. Others didn’t, but still earned themselves millions. Howard’s way to £56m: Alan Howard, the billionaire financier and Conservative Party donor, emerged last week as one of London’s best-paid hedge fund managers, having scooped a cool £55.8 million at his Brevan Howard fund.
Friday 1/14 Insider Buying Report: ALLO, CINC (Nasdaq.com)
On Wednesday, Allogene Therapeutics’, Arie Belldegrun, made a $1.95M purchase of ALLO, buying 155,039 shares at a cost of $12.60 a piece. Allogene Therapeutics is trading up about 4.5% on the day Friday. And at Cincor Pharma, there was insider buying on Tuesday, by Chief Operating Officer Catherine Pearce who purchased 2,250 shares at a cost of $16.00 each, for a total investment of $36,000. This purchase marks the first one filed by Pearce in the past year. Cincor Pharma is trading up about 4% on the day Friday.
UK’s Clinigen Agrees to Sweetened $1.8 Billion Triton Take-Private Deal (Reuters)
(Reuters) – Britain’s Clinigen Group Plc has agreed to a sweetened takeover offer by UK-based private equity firm Triton, valuing the pharmaceutical services firm at about 1.3 billion pounds ($1.78 billion). Shareholders in Clinigen, whose top investor is hedge fund Elliott, will receive 925 pence per share in cash, up from a December bid of 883 pence apiece.
Three Former Netflix Employees Charged with Insider Trading (Channel News Asia)
WASHINGTON: US regulators on Wednesday (Jan 16) filed insider trading charges against five people, including three former Netflix employees, accusing them of illegally using confidential data on subscriber growth at the streaming television giant. The Securities and Exchange Commission said the group generated US$3 million in total profits by trading on the insider information from three former Netflix software engineers.
