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Hedge Fund and Insider Trading News: Stephen Mandel, Tom Steyer, Ray Dalio, Warren Buffett, Super Micro Computer, Inc. (SMCI), Enterprise Products Partners L.P. (EPD), and More

Top Hedge Fund Manager Has Washed His Hands Of Nearly 3 Million WWE Shares (Forbes)
As WWE’s stock begins to stabilize amid a steady decline that burned several investors, who once upon a time saw its share price skyrocket to $100, top investor Stephen Mandel of Lone Pine Capital has divested all shares as of December 31 per SEC filings released this past Friday. The combined selloff amounts to 2,959,183 shares, around 2.3 million of which were purchased last April when WWE’s stock was peaking at $96.11. Lone Capital was the 4th-largest institutional owner of WWE’s shares and the 10th-largest overall.

Steyer Foundation Mulling SC Investments – After the Primary (Business Insider)
COLUMBIA, S.C. (AP) – Ahead of this month’s crucial South Carolina primary, the wife of presidential candidate Tom Steyer that the foundation she runs is interested in considering an investment proposal from one of the state’s largest black church congregations. But she said the foundation wouldn’t act on it until after the primary. During services on Sunday morning at Brookland Baptist Church, Pastor Charles B. Jackson, Sr. mentioned applying for a grant from Steyer’s foundation in conjunction with renovations at Lakeview Empowerment Center, where many of Brookland’s after-school programs are held. The church is in West Columbia, which is adjacent to Columbia, the capital city.

Hedge Fund Performance Update: January 2020 (Preqin.com)
Hedge funds began the new decade flat, with the Preqin All-Strategies Hedge Fund benchmark returning +0.01% in January 2020. This contrasts with the strong end to 2019, with returns reaching +1.71% in December. Performance varied across strategies, from the gains of multi-strategy hedge funds (+1.12%) to the losses of event driven strategies (-0.47%). This factsheet presents the hedge fund performance benchmarks for January 2020. Plus, the 12-month and three-year annualized return figures for all top-level strategies, structures, denominations, and size classifications.

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Tonis Valing / Shutterstock.com

Bridgewater, Dalio Donate $10 Million For China Virus Fight (Bloomberg)
Billionaire Ray Dalio’s family charity and his hedge fund Bridgewater Associates LP are donating $10 million to help support China’s coronavirus relief efforts. The money will go to Peking University First Hospital, Union Hospital for Clinical Care and three medical teams led by academics in Wuhan, the world’s largest hedge fund said in an emailed statement Monday. Dalio joins other high-profile executives and their companies donating to the relief efforts.

Hedge Fund Investors Driving ESG Uptake (Hedge Nordic)
Stockholm (HedgeNordic) – One of the main attractions of hedge funds to institutional investors has been their ability to deliver uncorrelated absolute returns. A recent report indicates that institutional investors now want their hedge fund managers to “target double bottom-line benefits: do well financially by doing good socially and environmentally.” According to a survey of 135 institutional investors, hedge fund and long-only managers with combined assets of $6.25 trillion, 55 percent of institutional investors include environmental, social and governance (ESG) considerations as part of the due diligence process before allocating to a hedge fund manager.

Hedge Fund Trade Group Mulls Impact of EU Cayman Blacklist Plan (Hedge Week)
The Alternative Investment Management Association says the plan to add the Cayman Islands – the major offshore domicile for the global hedge fund industry – to a tax haven blacklist remains an “open matter” until any formal decision is reached. The Economic and Financial Affairs Council (ECOFIN) – which comprises the 27 EU member states’ finance and economics ministers – will reportedly greenlight a plan to add Cayman to a list of ‘non-cooperative’ tax jurisdictions when it meets on Tuesday.

5 Takeaways From Kettera Hedge Fund Platform January Report (FuturesMag.com)
Sneak peek at January hedge fund and managed futures returns from Kettera Hydra Platform Investor Letter. Kettera Hydra platform gives qualified investors the ability to access top-tier fully vetted macro, managed futures, FX and hedge fund managers at lower investment minimums and the same fee structure as direct managed accounts.

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