Hedge Fund and Insider Trading News: Paul Marshall, Anthony Scaramucci, Bridgewater Associates, Alden Global Capital, Alphadyne Asset Management, Alleghany Corporation (Y), Tesla Inc (TSLA), and More

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Paul Marshall Says U.K. Listing Rule Changes Don’t Go Far Enough (Bloomberg)
London’s latest attempt to lure companies to list in the city doesn’t go far enough, hedge fund titan Paul Marshall said, days after deriding the U.K.’s financial center as a “Jurassic Park” devoid of growth and innovation.

Anthony Scaramucci on SkyBridge Capital’s Heavy Crypto Exposure (Coin Journal)
Anthony Scaramucci has said his SkyBridge Capital’s exposure to crypto has soared significantly, with invested capital in crypto assets crossing above the billion-dollar mark. As well as discussing what plans the firm has going forward, the SkyBridge chief also talked about Algorand and how the smart contract platform had the long-term potential to overtake Ethereum. Scaramucci on SkyBridge’s huge crypto exposure: SkyBridge Capital’s crypto exposure grew by about 150% during Q3, with details showing that the firm’s crypto hedge fund added $300 million in the three months ending 30 September 2021.

Lee Says No to Alden Global Capital’s Attempt to Nominate Directors (Poynter.org)
Lee Enterprises fired another volley Friday morning in its attempt to fend off a hostile takeover bid by hedge fund Alden Global Capital. Specifically, it rejected Alden’s attempt to nominate a slate of three board directors, filed a week ago, right on the deadline for shareholders to propose candidates. Lee said the nominations, which it had earlier described as “purported,” did not follow the company’s bylaws and would not be honored.

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


Bridgewater CEO David McCormick Tells Staff He Is Close to Decision on Senate Run (The Wall Street Journal)
Bridgewater Associates Chief Executive David McCormick told staff Thursday that he was considering resigning to run for U.S. Senate in Pennsylvania, and that he planned to decide within the next few weeks, said people familiar with the matter. Mr. McCormick has been discussing with Bridgewater’s leadership a possible exit from the hedge fund, and the firm’s board is drawing up potential replacement plans, some of the people familiar with the matter said.

Why Hedge Funds Must Refocus ESG Research Efforts in Data Battle (Hedge Week)
With ESG data now a hot commodity across the financial services sector, hedge funds and other asset managers must dig deeper into company metrics to gain an edge, as the industry continues to grapple with a lack of consistent standardisation of sustainability scoring. Silvia Merler, Head of the ESG Committee and Head of the Policy and Research Forum at multi-strategy credit and equities-focused investment manager, Algebris Investments, said ESG data is now vital for investment firms, not just for integrating sustainability factors into the investment process, but also when it comes to reporting to clients and investors.

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