Billionaire Alan Howard Joins Latest $20M Bet on Decentralized Video Network Livepeer (Coin Desk)
Livepeer, an Ethereum-based network that helps startups add live and on-demand video to their products, has raised $20 million in a Series B extension funding round with backing from new investors Alan Howard and Tiger Global, as well as participation from existing investors. The funding comes five months after Livepeer’s initial Series B round, which also raised $20 million and was led by Digital Currency Group, which is the parent company of CoinDesk.
Hedge Fund King Ken Griffin Loses Millions on British Airways Bet (The Telegraph)
One of the world’s wealthiest hedge fund managers has lost millions of pounds after shares in the owner of British Airways took off. Ken Griffin, a Chicago-based financier worth more than $21bn (£15.6bn), placed a multimillion-pound bet against IAG just hours before new data revealed the omicron variant had not dented airline bookings. Two of his funds hold a 1.66pc short position, a bet of about £130m, against the BA owner.
Billionaire Investor Ray Dalio Says Cash, Bonds ‘Stupid to Own’ Amid Money Printing (LiveMint.com)
The billionaire founder of Bridgewater Associates Ray Dalio renewed his warning about holding cash and bonds on Tuesday amid the ongoing, pandemic-fueled increase in debt creation and monetization in the U.S. “This printing of money and buying of debt assets has driven interest rates so low that cash and bonds are stupid to own,” he wrote in a post on LinkedIn. “I think one should consider minimizing one’s ownership of cash and bonds in dollars, euros, and yen.”
Germany-Based Hedge Fund Deeds SW DAO Products (Hedge Week)
SW Capital, a USD50 million AUM Germany-based hedge fund, has seeded its decentralised spin-off SW DAO with USD750,000 in capital for its tokenised investment portfolios. Some USD500,000 of capital has been deployed into SW DAO’s tokenised Yield Farming fund, SW Yield Fund (SWYF), while an additional USD250,000 of capital has also been deployed into SW DAOs flagship product the SW Alpha Portfolio (SWAP). Both these products are tokenised variants of SW DAO’s public investment strategies which have shown alpha-generating results since their launch in mid-2020.
$13 Billion Hedge Fund Whale Rock Capital Suffered Big Losses in 2021 After Getting Slammed in December (Business Insider)
Whale Rock lost 9% in 2021 in its blended public-private fund, documents show. The firm’s public-only fund fell 19.2% for the year after losing 11% in December. Whale Rock has increased its bets on private stocks, similar to other tech-focused hedge funds. Alex Sacerdote‘s long-running Whale Rock Capital, which reported banner returns in 2020, wrapped up a challenging year with a loss after getting slammed at the end of 2021.
