Hedge Fund and Insider Trading News: Steve Cohen, Israel Englander, Effissimo Capital Management, Deuterium Capital Management, Peloton Interactive Inc (PTON), Cominar REIT (CMLEF), and More

Buildertrend, the Leader in Construction Management Software, Secures Significant Investment Led by Bain Capital Tech Opportunities (PRNewswire.com)
OMAHA, Neb., Dec. 24, 2020 /PRNewswire/ — Buildertrend, the leading provider of cloud-based software for homebuilders, remodelers and specialty contractors, today announced that it has received an investment from Bain Capital Tech Opportunities and HGGC to accelerate its growth and expand the services it provides to customers. This first institutional investment will accelerate Buildertrend’s growth trajectory through strategic acquisitions and drive expansion into adjacent offerings such as payments, data analytics and contractor services. Financial terms of the private transaction were not disclosed.

Inside Millennium Management’s Sprawling Network of Hedge Fund Spin-Offs (Business Insider)
One could argue that Millennium Management‘s greatest advantage over other hedge funds is its ability to keep talented people in-house. The massive hedge fund has a unique structure that lets portfolio managers operate in independent silos. The setup, which is grants PMs even more autonomy than fellow multi-strategy funds though with tight risk and loss parameters, helps billionaire founder Israel Englander convince staffers who might leave a more traditional fund to stay in-house — and recruit top talent into his firm.

Deuterium Capital Management Acquires Jupiter Asset Management’s Global Dynamic Allocation Team (Hedge Week)
Deuterium Capital Management, a US based asset manager with circa USD1 billion AUM, has acquired Jupiter Asset Management’s Global Dynamic Allocation team for an undisclosed sum. The acquisition includes the entire Global Dynamic Allocation team, along with the associated intellectual property, including software and analytics. Deuterium will launch a new fund in January 2021, which will be aligned with the existing investment strategy.

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Steve Cohen’s Message for Mets Fans Wanting to Sign ‘Everybody’ (New York Post)
Steve Cohen prefers a long-term approach to building a winning team over trying a quick fix through free agency. In a question-and-answer session Wednesday night hosted by Howie Rose on the team’s YouTube channel, the new Mets owner indicated that as much as he’s a fan and wants to win immediately, his aim is to build a foundation for sustained success.

Japan Government Adviser Pressured Harvard With Talk Of Probe Before Toshiba Vote (BusinessWorld.in)
Harvard’s $41 billion endowment fund owns over 4% of Toshiba and invests in Singapore-based activist hedge fund Effissimo Capital Management, Toshiba’s biggest shareholder with a 9.91% stake. A Japanese government adviser told the Harvard University endowment fund that its vote at Toshiba Corp’s annual shareholders meeting could be subject to a regulatory probe should it vote against the firm’s management, four sources said. As a result, the U.S. university abstained from voting, three of the sources said. It later learnt there was no basis for any probe, two of them said. The alleged comment by Hiromichi Mizuno, special adviser to the Ministry of Economy, Trade and Industry (METI), is at odds with Japan’s push for improved corporate governance and adds attention to a meeting that has drawn shareholder complaints.