Hedge Fund and Insider Trading News: Mike Novogratz, Ray Dalio, Alta Fox Capital Management, Garda Capital Partners, D1 Capital Partners, Coatue Management, Brummer Multi-Strategy (BMS), HireRight Holdings Corp (HRT), Arista Networks, Inc. (ANET), and More

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This Hedge Fund Manager Called Inflation Early. He Now Says Consumer Prices will Finish 2022 at a Level that `Screams Failure by the Fed’ (MarketWatch)
Far from the bustle of Wall Street, inside his downtown Minneapolis office, Tim Magnusson got his first aching gut feeling about U.S. inflation in May of last year. That’s when U.S. government data showed a 10% increase in used car and truck prices during the prior month, April of 2021. Magnusson, then a senior portfolio manager at hedge fund firm Garda Capital Partners, sensed something was amiss from the report. Magnusson had spent more than a decade of his career as an inflation trader and his father was a truck driver. He had never seen anything like it.

Galaxy’s Mike Novogratz Says Two-Thirds of Crypto Hedge Funds Will Fail (Bloomberg)
Mike Novogratz, the founder and chief executive of Galaxy Digital Holdings Ltd., said that two-thirds of the hedge funds that invest in cryptocurrencies will fail as a consequence of the current market downtown. “Volume will go down, hedge funds will have to restructure,” Novogratz said at the Piper Sandler Global Exchanges & Brokerage Conference in New York. “There are literally 1,900 crypto hedge funds. My guess is two thirds will go out of business.”

Hasbro Defeats Board Challenge from Activist Investor Alta Fox (Reuters)
June 8 (Reuters) – Hasbro Inc (HAS.O) defeated a board challenge from activist hedge fund Alta Fox with shareholders re-electing all of the company’s directors, the toymaker said on Wednesday, citing a preliminary tally of voting results. Alta Fox, which nominated one director to the company’s 13-member board, had pushed Hasbro to spin off its Wizards of the Coast and Digital Gaming unit and criticized how the company allocated its capital.

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


Billionaire Ray Dalio Credits His Market Savvy to a Conversation He had as a 12-Year-Old Golf Caddie (CNBC)
Many pre-teens today find life lessons and knowledge on TikTok. Twelve-year-old Ray Dalio found them on the golf course. On a recent episode of the “Armchair Expert” podcast, hosted by actor Dax Shepard, Dalio detailed how connections he made as a young golf caddy in the early 1960s taught him how to invest. On the course at a golf club in Long Island, New York, Dalio worked for George Leib and Donald Stott, two men with connections to Wall Street. He said he listened to them talk shop, took $300 he made from caddying and invested in the cheapest company he could find: Northeast Airlines.

BMS to Redeem Entire Arete Allocation (Hedge Nordic)
Stockholm (HedgeNordic) – In the continuous pursuit of improving its portfolio characteristics and risk-reward profile, Brummer Multi-Strategy will redeem in full its investment in the Arete Macro Fund. Arete, which employs a discretionary macro strategy focusing on China and the rest of Asia, has been part of Brummer Multi-Strategy’s multi-strategy, multi-manager portfolio since August 2016. As previously announced, Brummer Multi-Strategy has added two new strategies to its portfolio and plans to add an additional one during the fourth quarter of this year.

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