Hedge Fund and Insider Trading News: Point72 Asset Management, Indaba Capital Management, Viking Global Investors, Solaris Resources Inc (SLSSF), Asana Inc (ASAN), and More

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Point72 Ventures Sees a Big Opportunity in Fintechs Serving Social-Media Influencers. An Exec Highlights Gaps in the Market. (Business Insider)
The numbers are impressive. $5,000 for one Instagram post. $8,900 for a single YouTube video. $13,644 in one month for affiliate marketing deals on TikTok. $20,703 from YouTube ads. $141,000 in one month for a YouTube channel. While celebrities have always been able to nab valuable sponsorship deals, everyday people are now also make significant money via social media.

Stagwell’s Mark Penn Calls Out Indaba Capital (Odwyerpr.com)
Stagwell CEO Mark Penn today filed a Securities and Exchange Commission 13 D/A document to dispute Indaba Capital Management‘s charge that he is dodging the hedge fund that objects to the terms of Stagwell’s merger with MDC Partners. Indaba managing partner Derek Schrier wrote a letter to Penn on June 28 that begins with, “The silence is deafening. You have declined to engage with us since March, when we told you Indaba could not support the merger based on the initial terms Stagwell proposed.” Penn denies any stonewalling, claiming that he expressed a willingness to speak with Indaba via an email sent June 17.

Eye-Popping Returns Lure Hedge Funds to Neglected Japanese Startups (The Japan Times)
Hedge funds and asset managers are increasingly turning to Japanese startups, attracted by some eye-popping past returns in the long-overlooked sector. Asian hedge fund firms including Pleiad Investment Advisors and global investment giants like T. Rowe Price Group Inc. and Baillie Gifford are providing late-stage growth capital to the nation’s most promising ventures, according to fund managers at the companies.

Countries with the Smallest Government Per Capita in the World


Coeli Enjoys Atai Success (Hedge Nordic)
Stockholm (HedgeNordic) – Germany-based biotech Atai Life Sciences, backed by billionaire investor Peter Thiel, Mike Novogratz, Atai founder Christian Angermayer’s own family office and smaller investors such as Malmö-based money manager Mikael Petersson, went public last week on the NASDAQ. The psychedelics biotech start-up’s shares currently trade above $18 apiece, translating into a market capitalization of about $2.8 billion. In September 2018, the biotech start-up completed a Series A financing round of $24.4 million to make psychedelic drugs to treat mental health disorders. Long/short equity fund Coeli Absolute European Equity, founded and managed by Mikael Petersson out of Malmö, invested close to $1 million in the Series A round alongside a select group of investors that also featured well-known entrepreneur and venture capitalist Peter Thiel.

Man Group Selects Corfinancial’s Salerio to Migrate OASYS Trade Processing (Hedge Week)
Man Group has a selected Salerio, the post-execution trade processing solution from corfinancial, to assist in the migration from the OASYS US securities trade processing flows to the DTCC’s Institutional Trade Processing (ITP) CTM (Central Trade Manager) platform. Last year, DTCC announced that it would decommission OASYS on 31 October 2021. Man Group has been automating key post-trade processes, including trade confirmation and settlement for international securities, for many years using Salerio. It was, therefore, the natural solution to manage the migrating US trade confirmation workflow.

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