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Hedge Fund and Insider Trading News: Paul Singer, Stephen Mandel, Meritage Homes Corp (MTH), Alta Equipment Group Inc (ALTG), and More

UPDATE 2-Activist Hedge Fund Elliott Builds Stake in Dutch Insurer NN Group (Reuters)
AMSTERDAM, Feb 20 (Reuters) – Elliott Investment Management, U.S. billionaire Paul Singer’s activist hedge fund firm, has built up a 3.04% stake in Dutch insurer NN Group, a filing by the Dutch financial regulator AFM showed on Thursday. Elliott’s move sent NN Group shares up 2% at 0815 GMT in Amsterdam, making them the biggest winner in the blue chip AEX index.

Here’s What a Top-Paid Hedge Fund Manager, Stephen Mandel, is Betting On (CNBC)
Billionaire hedge fund manager Stephen Mandel founded Lone Pine Capital 23 years ago and boasts one of the best long-term track records in the industry. The all-star manager made nearly $1 billion last year, one of the top earners among the world’s biggest hedge fund managers. Here’s a look at what he’s betting on.

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Maxx-Studio/Shutterstock.com

Nordic CTAs: So Far, So Good (Hedge Nordic)
Stockholm (HedgeNordic) – Nordic CTAs performed strongly during the first half of February, based on figures from nine of the 15 members of the NHX CTA. RPM Galaxy, SEB Asset Selection Opportunistic, and Lynx (Sweden) are this month’s best performers so far. RPM Galaxy, a multi-CTA fund that invests in a group of large and established CTA managers with at least $500 million under management, advanced 8.8 percent month-to-date through February 19. The other fund managed by Stockholm-based RPM Risk & Portfolio Management, RPM Evolving CTA Fund, gained 4.3 percent month-to-date.

How Technology Is Transforming Infrastructure (Preqin)
Infracapital invests in infrastructure across Europe. What are some of the benefits of having a diversified portfolio? Since 2004 we’ve made 53 investments, in 19 sub-sectors, across 13 countries. A pan-European diversified mandate means that we can focus on the areas that we believe offer the best value at any given time and leverage our multinational team to build relationships across those regions and sectors. When we’re talking to developers, entrepreneurs, or corporates about new opportunities we can refer them to businesses we own, or have owned in the past. That means if we own an integrated energy solution business that’s been operating for many years and we want to look at creating a new one in a different jurisdiction, we can speak to our potential partners and say “look, we’ve done this over here, and we have a lot of experience with businesses just like this one.” Having these kinds of relevant, real-world reference points is really important.

Ken Griffin Adds Calvin Klein’s Hamptons Compound to Collection of Luxury Homes (The Wall Street Journal)
Billionaire Ken Griffin is adding a Hamptons house to his growing portfolio of trophy real estate, this time buying the oceanfront property of fashion designer Calvin Klein, according to sources familiar with the transaction. The roughly 7-acre property on coveted Meadow Lane in Southampton wasn’t formally on the market. The price couldn’t be immediately determined, but an agent familiar with the market said the property could be worth as much as $100 million. The deal is in contract but isn’t yet closed, according to people…

Backstop Solutions Group Introduces Agile Pipeline Management for Alternative Asset Managers (Hedge Week)
Backstop Solutions Group, provider of a cloud-based productivity suite for institutional and alternative investors, has launched Agile Pipeline Management for capital-raising teams within asset management firms. The new capability enables users to shape a complete view of their pipeline on the fly through an intuitive, real-time experience. “Our Pipeline Manager provides users with an unparalleled self-service solution,” says Adam Hoit, VP of Product at Backstop Solutions Group. “We enhanced the support for firms that need to operate with agility by giving them the ability to update pipeline views, modify single or multiple data points, and incorporate new data fields without having to wait for billable development by their software vendors.

Billionaire Hedge Fund Manager’s Super Yacht Damages Pristine Reef In Belize (CelebrityNetWorth.com)
There’s a joke in here somewhere about a billionaire hedge fund manager with $2.3 billion dollars and a yacht damaging a precious environmental asset. You know the one about having more money than brains? Anyway, let’s just get right down to it. Billionaire Dan Loeb, founder of Third Point, has a 200-foot yacht named Samadhi. The yacht was anchored on this fateful Sunday in February at Belize’s Lighthouse Reef Atoll. The enormous yacht damaged the pristine reef atoll near the popular diving site Great Blue Hole. Loeb was reportedly not on the yacht at the time this incident was reported. A spokesperson for Belize’s Department of the Environment told the press that the yacht had caused quite a bit of damage to the reef.

Meet The Org, a Startup that Wants to Take You Inside a Company’s org Chart. It Just Raised $8.5 million Led by Sequoia Capital and is Exploring News and Job Postings Next (Business Insider)
The Org, a startup that wants to map out companies’ org charts, just nabbed $8.5 million in funding. The round was led by Sequoia Capital, with participation from Balderton and Founders Fund. As its database grows, The Org’s co-founders Christian Wylonis and Andreas Jarbøl are focused on launching a premium offering for professional users like recruiters, salespeople, and journalists. The startup is also exploring job posting functionality and building out its news feed.

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