Hedge Fund and Insider Trading News: Ray Dalio, Mike Novogratz, Cliff Asness, Marshall Wace LLP, Land & Buildings Investment Management, Brevan Howard Asset Management, MP Materials Corp (MP), Builders FirstSource, Inc. (BLDR), and More

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This Hedge-Fund Legend is ‘Very Excited’ After No-Word Blog on Why Value Stocks Should Outperform Growth (Market Watch)
“That’s it, that’s the blog,” says Cliff Asness, the founder and chief investment officer of AQR Capital Management and five-time winner of the Bernstein Fabozzi/Jacobs Levy award for innovative portfolio management research. He presents this chart, showing the valuation spread of value stocks over growth globally.

Crypto Billionaire Mike Novogratz Collaborates With Rotary Fund To Launch His NFT For Charity (Investing.com)
Mike Novogratz, a crypto billionaire, has come out to announce the launch of his non-fungible token (NFT) for charity. He collaborates with the Rotary Fund, one of the biggest charity funds in the world. They will create an exclusive NFT available on December 21, 2021, on Rarible. Rarible is a multi-chain NFT marketplace with Ethereum, Flow, and Tezos integrated. The platform has $274 million in trading volume, over 400k NFTs created, and 1.6 million total users. The sale will be an auction, and every sale will go to charity with the help of the Rotary Fund.

Hedge Fund Marshall Wace Joins Its Rivals in Keeping Client Cash Longer (Bloomberg)
Hedge fund Marshall Wace is locking in capital for longer and considering returning some cash to investors. The London-based investment firm will allow quarterly withdrawals from its MW Eureka fund instead of monthly and is introducing a 25% limit, according to a letter to investors seen by Bloomberg. Under the new policy, it will take a year for investors to fully redeem their holdings.

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Billionaire Ray Dalio: Bitcoin is Like ‘a Younger Generation’s Alternative to Gold’ and has ‘Merit’ (CNBC)
Billionaire investor Ray Dalio is impressed with bitcoin, the largest cryptocurrency by market value, and its blockchain. “It has been an amazing accomplishment for bitcoin to have achieved what it has done, from writing that program, not being hacked, having it work and having it adopted the way it has been,” Dalio, founder of the world’s largest hedge fund, Bridgewater Associates, told MarketWatch on Wednesday.

American Campus Says Hedge Fund CEO Did Not Follow Up on Board Seat Interview (Reuters)
(Reuters) – American Campus Communities Inc, the largest owner of student housing in the United States, said on Thursday the head of hedge fund Land & Buildings Investment Management LLC had not followed up on an interview for a position on the company’s board. The activist fund has been seeking a board seat and believes the company needs to sell assets aggressively and buy back stock.

In a Tough Environment, Some Hedge Funds Remain Committed to Shorting (Institutional Investor)
Tybourne’s hedge fund shutdown highlights the risks and challenges of betting that stocks will decline in a bull market. Tybourne Capital’s decision to shutter its long-short fund doesn’t come as much of a surprise. After all, shorting has been a losing game for many investors since the recent bull market began in March 2009. Yes, there have been sharp corrections along the way, as well as the brief bear market…

Anchorage Closes USD7.4bn Flagship Fund (Hedge Week)
Hedge fund Anchorage Capital, a major player in distressed debt investing, is closing its USD7.4 billion flagship fund, according to a report in the Wall Street Journal. Anchorage, which has around USD30 billion in assets, hasn’t specified a date for the return of investor cash. The firm will now focus on its structured credit and private equity-style funds.

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