Hedge Fund and Insider Trading News: Starboard Value, LRT Capital Management, Sepio Capital, IQVIA Holdings Inc (IQV), Lundin Mining Corporation (LUNMF), and More

Activist Investor Starboard Is Pushing for Changes at GoDaddy (Bloomberg)
Activist investor Starboard Value disclosed a stake in website services company GoDaddy Inc. and said it may push for changes to improve the stock’s performance. The New York-based hedge fund said in a regulatory filing that it held a 6.5% stake in the technology company, which it believes is undervalued.

A Self-Taught Coder Turned Hedge Fund Manager Explains Why Traders Should be Positioning for a Trump Re-election – and Lays Out a Big Bet He’s Making on Healthcare (Business Insider)
Lukasz Tomicki, founder and portfolio manager of LRT Capital Management, thinks it would be a “big surprise” if Donald Trump is not re-elected in 2020. Since Tomicki thinks Trump is likely to win the election – based on the historical track record – he’s betting that major reform will not take place in the healthcare space. He also sees that maintained status quo translating into growth.

Hedge Funds Protect Wealth Despite Having Their Worst Month Since March 2020 (Forbes)
Hedge funds were in the red for November, but they protected wealth, with the average hedge fund declining less than major stock market indices. However, PivotalPath reports that they had their worst month since the depths of the pandemic in March 2020.

Photo by Marga Santoso on Unsplash

Quentin Koffey Envisions a New Centene. And He’s Done It Before (STLToday.com)
CAYTON — An activist investor spurring a leadership overhaul at Clayton-based Centene has a track record of quietly buying into companies, gaining board seats and replacing management. Before starting his own hedge fund earlier this year, Politan Capital Management founder Quentin Koffey bargained with other large public companies in the energy, agriculture and retail sectors.

Hedge Funds Bet £800m on Retail Slump (The Times)
Hedge funds are betting £800 million against British retailers next year and have put online “pandemic winners” in their crosshairs. Retailers were being targeted even before disappointing Boxing Day sales figures yesterday, with high Covid-19 infection rates and tighter restrictions in some parts of the UK keeping shoppers away from high streets.