Per Johansson Embarks on D&G Journey (Hedge Nordic)
Stockholm (HedgeNordic) – After providing a new breath of life for Celina Fonder and Celina Hedgefond in particular, Per Johansson is joining Didner & Gerge as a co-portfolio manager of its flagship equity fund. Starting in early January 2023, Johansson will manage Didner & Gerge’s oldest and largest fund alongside Simon Peterson, who has been managing the SEK 37 billion vehicle since 2019. “The equity fund is an iconic fund with an outstanding historical return,” comments Johansson. The task of managing this fund is “one of the most interesting challenges one can have in this industry,” according to the Bodenholm founder.
Ken Griffin’s Citadel Hedge Fund Have Plenty Of Reasons To Celebrate This Year (The Street)
The year 2022 has been a great one for all of Citadel’s flagship hedge funds – each has achieved solid returns, even while the Dow and S&P are down 8% and 17% YTD, respectively. According to Citadel and Citadel Securities CEO Ken Griffin, his team members’ deep engagement has given the company a competitive advantage – Griffin plans on taking them all to Disney World as a thank you gift. Of note, however: Citadel Securities and other market makers have recently been accused of illegal trading practices by a biotechnology company.
Billionaire John Paulson Stands To Make $500 Million From Horizon’s Sale To Amgen (Forbes)
It’s not the greatest trade ever, but for hedge fund billionaire John Paulson, it wasn’t so bad either. Paulson’s firm, Paulson & Co., famously made $15 billion betting against subprime mortgages in the Great Financial Crisis of 2007 to 2009. Now it looks to pocket about $500 million from Amgen’s $27.8 billion acquisition of Horizon Therapeutics. Paulson & Co., which transitioned from a hedge fund to a family office in 2020, has owned a stake in Horizon Therapeutics since 2017, according to FactSet. The data provider estimates that Paulson paid an average of about $31 for the 6.1 million shares in the biopharmaceutical company.
Pressmaster/Shutterstock.com
The Best Twitter Account to Follow Is One That Keeps Disappearing (Bloomberg)
Michael Burry has such a strong following among investors that traders picked his Twitter handle as the best – even after he once again deleted it. Almost a third of the 515 respondents in the latest MLIV Pulse survey last week voted for @michaeljburry as the best investor handle, with his popularity especially high among professional market participants.
Oil Hedge Funds’ Highs and Lows as Geopolitics Cloud Outlook (Reuters)
Hedge fund manager Doug King began 2022 thinking oil was cheap. The world, including China, was expected to recover from COVID lockdowns and demand would reignite energy markets. Then, Russia invaded Ukraine. Hedge funds, including King’s, expected to see prices spike and they did for a while, before falling.
