Hedge Fund and Insider Trading News: Steve Cohen, Crispin Odey, Trian Fund Management, Bridgewater Associates, JFrog Ltd (FROG), Fortuna Silver Mines Inc (FSM), and More

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Bridgewater Employees At Last Actually Working In Magical Forest (Deal Breaker)
Once upon a time (specifically, eight years ago), Bridgewater Associates was prepared to abandon its enchanted woods and great lawn and cave of contemplation and mystical parking lake (and its fish ladder) in Westport for a new home in Stamford. This campus of the future was euphemistically referred to as a magical forest, but it was to be, in reality, a fairly typical five-story suburban office park with a helipad. It did not happen, and not because of any prophecy of plague delivered to Ray Dalio by a talking fish-oracle, or the insight, revealed to him in his gilded survival bunker, that he definitely wouldn’t need room for 3,500 people and 3,000 cars in order to lose a shrinking band of preferred clients 20% a year.

Mets Notes: Steve Cohen Still in Driver’s Seat for Owner Approval, Could Get Second Crack at SNY with Discount (AMNY.com)
It has been previously and constantly reported that Steve Cohen should not have any issues getting the necessary approval votes from the 29 other MLB club owners to take over the New York Mets this year. Yet there have been rumblings that the 64-year-old hedge-fund billionaire – who signed an agreement with the Wilpon family for a 95% majority stake in the team – will face some pushback from rival owners. Most recently came a report from the New York Post’s Joel Sherman, who reported that Cohen “is not a slam dunk.”

Activist Investor Trian Fund Management Takes Stake in Comcast (CNBC)
Shares of Comcast gained sightly in after-hours trading Monday after Trian Fund Management took a stake in the cable giant. The hedge fund bought 7.16 million class A common share of Comcast, a regulatory filing showed. “Trian believes Comcast’s stock is undervalued. We have recently begun what we believe are constructive discussions with Comcast’s management team and look forward to continuing those discussions,” a Trian spokesperson told CNBC. CNBC’s David Faber reports.

Insider Trading Eyeglasses

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BlackRock, Crispin Odey Among Funds Pocketing Nearly €50m on Grenke Short Bets (FNLondon.com)
Odey Asset Management and BlackRock are among a cohort of investors that have pocketed millions from short bets in German IT leasing company Grenke. Grenke’s stock suffered a two-day fall of about 50% after short-seller Viceroy Research alleged accounting irregularities at the company. On 21 September, the stock tanked an additional 13% after news of the German regulator opening a probe into the company.

Ex-Citadel and Point72 Executive Evan Feng Joins the CoinFund Investment Team (Opalesque.com)
CoinFund, a private crypto asset investor and blockchain research, and advisory firm, announced that Evan Feng has joined its investment research team. “Evan brings to us his experiences as both a traditional fundamental long/short equities analyst at Citadel and Point72 and more recently, his passion and focuses as an independent researcher and investor in the digital asset space,” said a press note from the investment firm founded in 2015 and based in Brooklyn, New York. “I’m excited to join CoinFund, and am eager to contribute to the continued momentum and future success of the firm’s network lifecycle investing approach which covers liquid, venture, and crypto native investing in the blockchain space,” Evan Feng said.

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