Carl Icahn, Others Clean Up on Musk’s Twitter About-Face (The Wall Street Journal)
Elon Musk’s decision to end his war with Twitter Inc. (TWTR) isn’t just a big win for the social-media company, but also for some big-name investors like Carl Icahn. Mr. Icahn quietly amassed a Twitter stake of well over $500 million in the past few months and made a sizable profit Tuesday after the shares shot up on news that Mr. Musk offered to close his $44 billion purchase of the social-media giant on the original terms, according to people familiar with the matter.
Hedge Fund Two Sigma to Provide Data to Blockchain Information Network Chainlink (Coin Desk)
Two Sigma Securities, a quantitative hedge fund with about $60 billion in assets under management, will provide data to popular blockchain information network Chainlink, according to a press release provided to CoinDesk. Chainlink offers price feeds and other data through its oracle network, which can help Web3 developers get projects off the ground faster. Two Sigma’s market data includes swaps, options and other derivative-related information. The addition comes a week after financial services firm Galaxy Digital joined Chainlink to offer crypto pricing data to blockchains.
Dalio’s Shift on Cash is Reminder to Check Your Savings Accounts (Bloomberg)
Ray Dalio has changed his mind on cash. The founder of Bridgewater Associates has been disparaging cash as an asset since early 2018. But with interest rates rising sharply, the billionaire investor has had a change of heart. Cash, he recently tweeted, now offers “neither a very good or very bad deal.”
Photo by Austin Distel on Unsplash
Everton in ‘Takeover Talks’ with US Group Led by George Soros Nephew and Advised by Keith Harris (Liverpool Echo)
Everton have reportedly held preliminary talks with a US-based special purpose acquisition company with regards to a takeover. According to Bloomberg, a SPAC led by Los Angeles-based producers Jeffrey Soros, the nephew of hedge fund tycoon George Soros, and Simon Horsman have held early talks over a potential deal through their LAMF Global Ventures Corp vehicle, which counts former Everton director Keith Harris as a special advisor.
Crispin Odey’s Profits Jump 25% After Sterling Bets (The Times)
The hedge-fund manager who employed Kwasi Kwarteng before he entered politics has reaped huge returns amid the market turmoil caused by the chancellor’s mini-budget. Crispin Odey said that he had profited partly by shorting, or betting against, both the pound and UK government bonds in the weeks leading up to last month’s fiscal package, which led to a sell-off in gilts and sent sterling to a record low against the dollar.
