Dear Valued Visitor,

We have noticed that you are using an ad blocker software.

Although advertisements on the web pages may degrade your experience, our business certainly depends on them and we can only keep providing you high-quality research based articles as long as we can display ads on our pages.

To view this article, you can disable your ad blocker and refresh this page or simply login.

We only allow registered users to use ad blockers. You can sign up for free by clicking here or you can login if you are already a member.

Hedge Fund and Insider Trading News: Renaissance Technologies, Tiger Global, Steve Cohen, HNI Corp (HNI), Blackrock Capital Investment Corp (BKCC), and More

Renaissance Technologies Rebounds Across Hedge Funds in March (Bloomberg)
(Bloomberg) — Renaissance Technologies, the $58 billion quantitative investment firm founded by former military code-breaker Jim Simons, gained at three of its hedge funds last month, erasing declines posted when markets slumped in February. The $23 billion Renaissance Institutional Equities Fund rose about 2.6 percent in March after falling 3 percent in February, bringing returns for the first quarter to 1.6 percent, according to investor documents seen by Bloomberg News. That fund, known as RIEF, trades only U.S.-listed equities and is biased toward those that Renaissance’s models expect to rise. It’s designed to outperform the S&P 500 Index, which lost 0.8 percent last quarter including dividends, by 4 to 6 percentage points.

Tiger Global Joins Snoop Dogg in Betting on Cannabis Start-up Green Bits (CNBC)
Tiger Global, the investment firm that poured money into Facebook, Warby Parker and Flipkart, is now betting on cannabis alongside rapper Snoop Dogg. Green Bits, a developer of compliance software for marijuana businesses, said on Wednesday that New York-based Tiger Global led a $17 million investment round in the start-up. Tiger Global was joined by investors including Snoop Dogg’s venture firm, Casa Verde Capital, which first backed Green Bits last year.

Insider Trading, NYSE, Markets, Stock Trader On The Phone

Image By Monkey Business – Adobe

Steve Cohen Heads East to ‘Swing Big’ With Venture Investments (Bloomberg)
Hedge fund manager Steve Cohen is bringing his passion for tech startups to Asia, along with his checkbook. Point72 Ventures, which invests mostly the billionaire’s money in early-stage companies, is starting to evaluate prospects on the continent after putting millions of dollars into startups in the Americas and Europe. Asia presents a chance to “swing big” because it’s unburdened by technological infrastructure, particularly in financial services, said Matthew Granade, who oversees investments at the venture-capital arm of Cohen’s Point72 Asset Management.

CFO Moves: Och-Ziff Capital Management, Sanofi (The Wall Street Journal)
Och-Ziff Capital Management Group LLC, the New York hedge fund, appointed Thomas Sipp Chief Financial Officer, effective no later than June 1, 2018. Mr. Sipp will succeed Alesia J. Haas, the company’s current CFO, who resigned from her post and will remain with the company through June 1, 2018. Mr. Sipp joins from Magis Partners Ltd., where he served as managing partner for wealth management products. Prior to his time at Magis Partners, he held several senior executive positions at Credit Suisse Group AG, including CFO and chief operating officer for the bank’s asset management division.

Kevin Warsh and Stan Druckenmiller Just Invested In a Cryptocurrency That’s Designed to Be Boring (Bloomberg)
Basis said Wednesday that it sold $133 million in a pre-sale coin offering to the venture capital arms of Alphabet Inc. and Bain Capital, as well as Andreessen Horowitz, Foundation Capital and Lightspeed. Stanley Druckenmiller, a billionaire hedge fund manager, and Kevin Warsh, a former governor of the U.S. Federal Reserve, also bought in.

DOWNLOAD FREE REPORT: Warren Buffett's Best Stock Picks

Let Warren Buffett, George Soros, Steve Cohen, and Daniel Loeb WORK FOR YOU.

If you want to beat the low cost index funds by 19 percentage points per year, look no further than our monthly newsletter.In this free report you can find an in-depth analysis of the performance of Warren Buffett's entire historical stock picks. We uncovered Warren Buffett's Best Stock Picks and a way to for Buffett to improve his returns by more than 4 percentage points per year.

Bonus Biotech Stock Pick: You can also find a detailed bonus biotech stock pick that we expect to return more than 50% within 12 months.
Subscribe me to Insider Monkey's Free Daily Newsletter
This is a FREE report from Insider Monkey. Credit Card is NOT required.
Loading...