Hedge Fund and Insider Trading News: MSD Capital, Marble Ridge Capital, Citadel LLC, Third Point LLC, Broadcom Inc (AVGO), FSD Pharma Inc (HUGE), and More

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EFL Consider Loan from Hedge Fund MSD UK Holdings to Help Struggling Clubs – Report (SunderandEcho.com)
The Daily Mail report MSD UK Holdings are one of several commercial lenders EFL chiefs have held talks with in a bid to help those clubs struggling as a result of the Covid-19 pandemic and suspension of football earlier this year. The new season is set to start on September 12 but there is no date yet for when fans will be allowed back into stadiums with a number of clubs concerned about the impact on their revenues from gate receipts and hospitality.

Citadel Snags Glencore Trader to Lead Commodities Team in Asia (Opalesque.com)
Citadel has hired away Glencore energy derivatives trader Daniel Liu to lead a commodities trading team in Asia. The news was first reported by Reuters. Liu will join the commodities team as a portfolio manager and will initially focus on oil and refined products. Liu will be based in Citadel’s newly announced Singapore office and will manage a team of four to five people. Liu was recently the head of Asia oil and liquefied natural gas derivatives trading for Glencore in Asia, according to his Linkedin profile. The Singapore office will include the firm’s Asia hedge fund business as well as market-making Citadel Securities. According to a Bloomberg report, the firm plans to continue expanding its operations in Hong Kong.

Neiman Marcus Sues Marble Ridge Over Alleged Bid Rigging (The Wall Street Journal)
Neiman Marcus Group Ltd. is suing Marble Ridge Capital LP after a bankruptcy watchdog said the hedge fund’s founder illegally pressured an investment bank to drop its bid on a lucrative piece of the department-store chain’s business so he could buy it himself. In the suit filed Wednesday in U.S. Bankruptcy Court in Houston, Neiman is seeking more than $60 million in damages from the hedge fund. The retailer is also asking a judge to subordinate Marble Ridge’s claims against Neiman during its bankruptcy proceedings. Because…

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Tracking Dan Loeb’s Third Point Portfolio – Q2 2020 Update (Seeking Alpha)
Dan Loeb‘s 13F portfolio value increased from $6.27B to $7.30B this quarter. The number of positions increased from 30 to 36. Third Point added Alibaba Group Holdings, JD.com, and Facebook, while reducing Baxter International and dropping Centene. They also increased Walt Disney, Charter Communications, and IAA Inc. The top three positions are at ~24% of the portfolio: Walt Disney, Amazon.com, and Danaher.

Billionaire Fredriksen Names Svelland Head of Holding Firm Seatankers (Reuters)
OSLO (Reuters) – Norwegian-born billionaire John Fredriksen appointed a hedge fund manager on Friday as next head of his family’s key holding company, which controls assets ranging from oil tankers and rigs to real estate, fish farming and finance. Fredriksen, 76, said Tor Andre Svelland, 53, will become chief executive of Seatankers Group, top shareholder of world number one salmon producer Mowi (MOWI.OL), tanker firm Frontline (FRO.OL) and offshore driller Seadrill SDRL.OL.

Union Bancaire Privée’s New ESG Hedge Fund Targets Japan’s Patchy Corporate Governance Record (Hedge Week)
A new hedge fund launched last month by Union Bancaire Privée which trades on good and bad governance within Japanese companies has started positively – and portfolio manager Zuhair Khan says the country’s patchy record on board oversight will continue to offer strong investment opportunities. The U-Access Long/Short Japan Corporate Governance Fund – which runs USD65 million in assets – is a market- and sector-neutral equity hedge fund that goes long and short using corporate governance as its key metric. The investment portfolio comprises 30 long positions and 60 short positions, selected according to how well or badly a company is run, out of an investment universe of 500 of the largest and most liquid Japanese stocks across all sectors and industries.

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