The Big Short Against ARK Innovation: Two of America’s Most Famous Investors Go Head-to-Head (Sky News)
Michael Burry versus Cathie Wood. Only one can be right. On the other, one of the country’s most respected and influential hedge fund managers. The confrontation emerged on Tuesday when filings revealed that Michael Burry, the hedge fund manager famous for betting on a housing market crash ahead of the financial crisis and portrayed by Christian Bale in the hit film The Big Short, is among investors taking positions against ARK Innovation ETF.
Paulson Adds Bally’s to Hedge Fund Portfolio (Casino.org)
John Paulson’s eponymous hedge fund initiated a new position in casino operator Bally’s (NYSE:BALY) in the second quarter. A Form 13F filing with the Securities and Exchange Commission (SEC), released Monday, revealed Paulson & Co. bought one million shares of the Rhode Island-based regional casino operator during the April through June period. That stake was valued at $54.11 million, but is now out of the money, as Bally’s followed other gaming equities lower over the past several months.
Hedge Funds Blindsided by China Risk With New Warning (Bloomberg)
Ray Dalio insists that the swings in Chinese markets are little more than “wiggles.” But for a certain subset of hedge-fund managers, the consequences of Beijing’s crackdown might seem more like an earthquake. Philippe Laffont’s Coatue Management, Gabe Plotkin’s Melvin Capital Management and Andreas Halvorsen’s Viking Global Investors added new positions in Beijing-based JD.com Inc. in the second quarter, only to see its American depositary receipts tumble 19% since June 30.
Private Capital in a Recovering Europe (Preqin)
Private capital has bounced back on all metrics across Europe. Transaction levels were high in H1 2021 for both new investments and exits, fundraising is on track for a record, and returns have been given a boost. Preqin’s annual Markets in Focus: Alternative Assets in Europe report will launch in mid-September and is produced in collaboration with leading European asset manager Amundi for the fourth year in a row.
The President & Chief Financial Officer of Allscripts (NASDAQ: MDRX) is Selling Shares (Analyst Ratings)
Yesterday, the President & Chief Financial Officer of Allscripts (MDRX), Rick Poulton, sold shares of MDRX for $336.3K. Following Rick Poulton’s last MDRX Sell transaction on May 05, 2021, the stock climbed by 1.0%. Based on Allscripts’ latest earnings report for the quarter ending June 30, the company posted quarterly revenue of $374 million and quarterly net profit of $21.93 million. In comparison, last year the company earned revenue of $369 million and had a GAAP net loss of $7.61 million.
