Hedge Fund and Insider Trading News: Steve Cohen, Bill Miller, Michael Burry, John Paulson, Elliott Management, Sancus Capital Management, Oaktree Capital Management LP, Allscripts Healthcare Solutions Inc (MDRX), and More

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Billionaire Steve Cohen Tweets Mets Collapse Is ‘Hard to Understand’ (Bloomberg)
Steve Cohen vented his frustration with the New York Mets Wednesday after his team lost to the San Francisco Giants, asking how professional hitters could be “this unproductive.” The Mets are now below .500 and find themselves in third place in the National League East as they struggle through injuries and offensive ineptitude. This is Cohen’s first season as owner and he’s been active on Twitter.

Elliott Management: The US Activist Investor Forcing Change Across the World (ProactiveInvestors.co.uk)
Elliott Management has become a familiar name for UK investors after it targeted a few London-listed companies. Run by billionaire Paul Singer, the New York-based activist investor has holdings worth over US$40bn and was valued at US$12.7bn as of 3 June. At the time, its top holdings were Dell Inc, PowerShares QQQ Trust, Howmet Aerospace, Twitter Inc (NYSE:TWTR) and Marathon Petroleum Corp.

Top TriMark Lenders Must Face Challenge to ‘Cannibalistic’ Rescue Loan (The Wall Street Journal)
A New York judge declined to clear Oaktree Capital Management LP and Ares Management Corp. of allegations that a $427.5 million rescue package for restaurant supplier TriMark USA LLC trampled the rights of other lenders. A group of TriMark lenders can continue pressing claims that last year’s rescue deal ran afoul of the company’s debt contracts by vaulting Oaktree, Ares and others to the top of the payment line, according to the ruling issued Monday by Justice Joel M. Cohen of the Supreme Court of the State of New York,…

How Pioneering Hedge Fund Sancus Capital has Stayed at the Cutting Edge of Credit Investing (Hedge Week)
Launched in the immediate aftermath of the Global Financial Crisis, pioneering credit-focused hedge fund manager Sancus Capital Management has built a formidable decade-plus track record in the market, and more recently broadened its focus into CLO management. Established in 2009 by former Goldman Sachs and JP Morgan credit derivatives specialist Olga Chernova, Sancus today has approximately USD550 million in assets under management in total, split between its flagship Sancus Capital Select Master Fund, managed accounts and its newly-launched CLO management business.

Legendary Investor Bill Miller Doubled Down on his Crypto Conviction and Bought Coinbase in the 2nd Quarter of 2021 (Business Insider)
Legendary fund manager and bitcoin bull Bill Miller took a position in cryptocurrency exchange Coinbase during the second quarter of 2021, a recent 13F filing shows. Miller Value Partners scooped up 121,185 shares of Coinbase worth roughly $30 million in the quarter. Coinbase is currently down nearly 24% from the close on its IPO day in April. Miller has been a longtime bitcoin bull as he started buying the cryptocurrency around $200 to $300 a coin.






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