Hedge Fund and Insider Trading News: Ray Dalio, Stan Druckenmiller, TCI Fund Management, Elliott Management, Starboard Value LP, Rolls-Royce Holdings (RYCEF), Black Knight Inc (BKI), and More

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Billionaire Ray Dalio on Climate Change: ‘It Worries Me. I Worry for Man’ (CNBC)
The economy isn’t the only concern billionaire Ray Dalio has on his mind lately. Like many others, he’s also anxious about climate change. “It worries me. It’s almost like I worry for man,” Dalio tells CNBC Make It. Dalio, 72, stepped down as co-CEO of hedge fund Bridgewater Associates in 2017. Since then, the billionaire’s ventures have largely refocused on sharing knowledge with younger generations, ranging from people management software company Principles to OceanX, a New York City-based ocean research and exploration nonprofit that Dalio co-founded with his son Mark in 2018.

Hedge Fund Elliott Builds Stake in Toshiba (Reuters)
NEW YORK/TOKYO (Reuters) – Hedge fund Elliott Management said it has built a stake in troubled Japanese industrial conglomerate Toshiba Corp, which is undertaking a strategic review amid pressure from other shareholders. Elliott, one of the world’s most powerful activist investors, which oversees some $48 billion in assets, said in a statement to Reuters it is now a “significant” investor in Toshiba. The New York-based firm’s announcement comes just months after Effissimo Capital Management, Farallon Capital Management and other shareholders ousted Toshiba’s chairman here after the company was found to have colluded with the Japanese government to put pressure on foreign investors.

Odey’s Main Hedge Fund Surges More Than 100% in Epic Rebound (Bloomberg)
The Odey European Inc. fund rose this year through Sept. 29. Oxford Nanopore stake may boost returns after debut in London. Crispin Odey’s hedge fund is having a banner year that’s just got even better after his multi-year bet on Oxford Nanopore Technologies Plc soared in one of the U.K.’s best-ever market debuts.

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Activist Hedge Fund TCI Blasts “Selective” Disclosures at Canadian National Railway (Hedge Week)
TCI Fund Management, Sir Christopher Hohn’s activist hedge fund, says there is a “a deliberate lack of transparency” and “a selective approach to disclosure with respect to governance matters” at Canadian National Railway. TCI this week wrote to Canadian National Railway’s board of directors to voice what it calls “serious concerns” about the Montreal-headquartered firm’s integrity and commitment to proper corporate governance practices. The letter centres around the recent resignation of Julie Godin, CN’s youngest female director, from the company’s board on September 16.

Steve Cohen’s crypto investing spree continues as Point72 leads $35 Million Series C in Zero Hash, a Startup Helping Fintechs Offer Digital Currencies (Business Insider)
Cryptocurrency has become table stakes in fintech, offered by players like Cash App and Venmo. Many fintechs looking to add crypto features are turning to infrastructure providers like Zero Hash. Zero Hash just closed its $35 million Series C led by billionaire Steve Cohen‘s Point72 Ventures. Cryptocurrencies are becoming table stakes in fintech, from trading to bitcoin rewards on credit cards. From Cash App to Venmo to Robinhood, access to digital currencies is expanding beyond crypto-specific firms like Coinbase.






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