Two Sigma Just Snapped Up a Home-Healthcare Startup, and a Partner Laid Out How it Plans to Use Its Quant Background to Grow the Business (Business Insider)
$58 billion quant hedge fund Two Sigma just scooped up a business in the booming in-home healthcare segment. The firm’s impact investing unit has acquired San Antonio, TX-based Circle of Care, a provider of in-home pediatric therapy services. A spokesperson for Two Sigma declined to share the amount invested or the company’s valuation.
Billionaire Investor Ray Dalio Shares Top 3 Tips for Entrepreneurs (ABC News)
Billionaires have established wealth and may at times oversimplify the steps it takes for small businesses to find success, but this invaluable advice from one of the world’s top hedge fund founders can help personal and community entrepreneurial growth. Ray Dalio, investor and co-chairman of investment management firm Bridgewater Associates, joined “Good Morning America” Wednesday to discuss microloans for small businesses and to offer his advice for entrepreneurs to get off the ground, grow and create success.
Oatly Accused of Overstating Revenue and Greenwashing by Activist Short Spruce Point (CNBC)
Activist short seller Spruce Point Capital Management has accused Oatly of shady accounting practices and misleading consumers and investors about its sustainability practices. The firm, which has taken a short position against the maker of oat milk, called for Oatly’s board to hire an independent forensic accountant to open an investigation into its claims.
Asset Managers Help Supercharge Venture-Capital Sector (The Wall Street Journal)
Hedge funds and mutual funds are helping to power the venture-capital sector as it shatters many of the fundraising and deal-making records set last year. The larger role these so-called non-traditional venture investors are playing underscores the venture market’s explosive growth and increased competition within the industry that has driven up company valuations.
Special Situations Hedge Fund Sand Grove Capital Names Citi’s Caplan as CEO (Hedge Week)
Special situations hedge fund Sand Grove Capital has appointed banking veteran Daniel Caplan as CEO, as the firm looks to capitalise on soaring volumes of mergers and acquisitions and other corporate activity. Caplan joins from Citi, where he spent five years building and leading its regional sales strategy across investor services products, including prime brokerage and synthetic equity, having also focused on equities coverage for European hedge funds. Before that, Caplan was at Deutsche Bank for some 20 years, holding several roles across equities and prime brokerage, latterly as head of its EMEA Prime Finance business before joining Citi in 2015.