Hedge Fund and Insider Trading News: Mike Novogratz, Delbrook Capital, Citadel LLC, Millennium Management, Installed Building Products Inc (IBP), Boyd Gaming Corporation (BYD), and More

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Zombies, NFTs and the Metaverse: Galaxy Digital’s Sam Englebardt (CoinTelegraph)
Sam Englebardt has produced zombie films, created Gold Class cinemas in Australia and hobnobbed with crypto pioneers in the early days. Now he’s investing half a billion dollars into the creation of the metaverse. Galaxy Interactive managing partner Sam Englebardt first met billionaire and former hedge fund manager Mike Novogratz during a whirlwind, celebrity-studded trip to Haiti in 2016. Englebardt’s fiance, Megan, had invited him down at the last minute for a shindig put on by Artists For Peace and Justice.

Quant Hedge Fund: “We Want to Hire the Top 0.1%” (eFinancialCareers.com)
If you’re a quant in the finance space, you’re probably already very familiar with hedge fund WorldQuant. Spun out of Millennium Management in 2007 and founded by Igor Tulchinsky, it’s at the forefront of quantitative trading methods. Big names cluster there: last year, Gary Chropuvka, the former head of quantitative investment strategies at Goldman Sachs joined as president, and Google scientist Yoram Singer joined to work on AI driven trading signals.

Hedge Funds are Keeping their Interns Remote – with One Exception. Here are the Summer Plans for Managers Like Citadel, Millennium, DE Shaw, and More. (Business Insider)
Last year, billionaire Ken Griffin‘s Citadel rented out resorts for interns to come and get a month-long in-person experience. This year, the $35 billion hedge-fund manager is planning for another in-person experience, though the details have not been hammered out just yet, a source tells Insider.

Former SAC Capital Portfolio Manager Tor Minesuk's Top 10 Stock Picks for 2021

Rawpixel.com/Shutterstock.com

A New Dawn (Hedge Nordic)
Stockholm (HedgeNordic) – Hedge funds are the favored asset class to enhance the traditional 60/40 asset-allocation portfolio – the mix of 60 percent equities and 40 percent bonds, according to a survey conducted by Credit Suisse from December 2020 to mid-February among institutional investors. Credit Suisse’s 2021 Hedge Fund Investor Survey, entitled “A New Dawn,” surveyed over 200 institutional investors representing about $800 billion in hedge fund investments.

Specialist Hedge Fund Delbrook Eyes Industrial Metals and Materials for Recovery Trades (Hedge Week)
Industrial metals and bulk materials stand to gain from the nascent post-Covid economic recovery according to metals and mining-focused hedge fund Delbrook Capital, while precious metals trades – an investor favourite during market uncertainty – could be starting to run out of steam. The Vancouver-based firm’s long/short equity-focused strategy, the Delbrook Resource Opportunities Master Fund, generated a 5.3 per cent return last month, posting gains across both long and short positions, with the positive momentum continuing into March.





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