Hedge Fund and Insider Trading News: Thomas Sandell, Elliott Management, Archegos Capital Management, Skylar Capital Management, Monroe Capital, Lam Research Corporation (LRCX), iHeartMedia, Inc. (IHRT), and More

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A New York Mansion Once Owned by Gianni Versace Asks $70 Million (The Wall Street Journal)
Swedish hedge-fund manager Thomas Sandell and his wife bought the 17-room Neoclassical townhouse from the Versace family for $30 million in 2005. A 17-room New York City mansion formerly owned by Italian designer Gianni Versace is coming on the market for $70 million. Mr. Versace, who started the Versace fashion house in 1978, bought the townhouse for $7.5 million in 1995; the next year, the Versaces opened a five-story boutique on Manhattan’s Fifth Avenue. He was famously murdered outside his Miami estate in 1997.

The Winners at the 2021 Nordic Hedge Award (Hedge Nordic)
Stockholm (HedgeNordic) – HedgeNordic is pleased to announce the winners at the 2021 Nordic Hedge Award. For the tenth edition of the Nordic Hedge Award, we are pleased to have gathered the Nordic hedge fund community the old fashioned way: meeting old friends and making new connections with drinks and laughs, exchanging business cards and war stories in the flesh – all while celebrating outstanding talent and achievement in the Nordic hedge fund arena.

How Did Bill Hwang Think This Was Supposed to End? (Bloomberg)
Inside Bill Hwang’s Archegos Capital Management, panic was setting in. Hwang had amassed one of the world’s great fortunes in virtual secrecy, and that trove — a staggering $160 billion position in stocks — was unraveling everywhere, all at once. That was March 23, 2021 — and Wall Street had no idea what was about to go down. A year after the collapse of Archegos sent shock waves through global finance, Hwang was arrested Wednesday morning and, for the first time, federal prosecutors offered an official account of what really happened at the secretive family office.

Countries with the Smallest Government Per Capita in the World


Elliott Calls for Suncor Strategic Review, Board Changes (Reuters)
(Reuters) – Hedge fund Elliott Management is pushing Canada’s Suncor Energy to undertake a strategic review of its business and refresh its board, saying its shares have underperformed despite a surge in crude prices to multi-year highs. In a letter to the company’s board on Thursday, the activist investor said Suncor’s shares have remained virtually unchanged since early 2019 and that the oil producer has missed production goals, while being plagued with safety failures.

Monroe Capital Hits $4.8bn with Direct Lending Fund (Opalesque)
The Fund received $2.3 billion of limited partner commitments, plus targeted leverage of $1.1 billion. In addition, it received $1.4 billion from separately managed accounts, including leverage. The Fund is Monroe’s largest fund to date, exceeding Monroe Capital Private Credit Fund III, which closed in November 2018 at $2.3 billion of investable capital. The Fund primarily targets private equity sponsored and non-sponsored, lower middle-market U.S. companies with less than $35 million in EBITDA.

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