Hedge Fund and Insider Trading News: Warren Buffett, Cinctive Capital Management, Carlson Capital, Carlyle Credit Opportunities Fund, York Water Co (YORW), HP Inc (HP), and More

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Warren Buffett’s Berkshire Hathaway Reveals 11% Stake in HP (Financial News)
Warren Buffett’s Berkshire Hathaway has built a stake of more than 11% in computer-and-printer maker HP, marking another foray into computing by the once technology-averse billionaire investor. At 6 April’s closing share price the holding, of nearly 121 million shares, was worth about $4.2bn. The share purchases were disclosed in two securities filings on 6 April.

Carlson Capital Sells $2 Billion Collateralized Loan Obligation Business to Dallas Credit Firm (Biz Journals)
Carlson Capital sold its $2 billion collateralized loan obligation portfolio to Clearlake Capital’s Dallas-based credit arm, shedding what was a major part of its assets. Last week, the iconic Dallas hedge fund announced it sold its five CLOs to WhiteStar Asset Management, which focuses on CLOs, structured products, and broadly syndicated credit. With the addition of Carlson’s five CLO funds, WhiteStar manages about $12 billion in CLO assets across 27 vehicles. Both firms declined to comment to Dallas Business Journal.

Carlyle Wraps Up the Second Credit Opportunities Fund at $4.6bn (Opalesque)
American multinational alternative asset management Carlyle has tapped investors for $4.6bn for its second credit opportunities fund – Carlyle Credit Opportunities Fund (CCOF II). The US buyout giant exceeded its $3.5bn target and attracted almost double the amount raised for its predecessor fund. Including available leverage, investable capital is approximately $6 billion. The Global investment firm said in a press release that CCOF II provides capital solutions to companies seeking an alternative to traditional capital markets or private equity.

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Hedge Fund Cinctive Adds Macro Strategy, Hires Industry Veteran Coppel (Reuters)
BOSTON, April 6 (Reuters) – Hedge fund Cinctive Capital Management is expanding beyond its bread-and-butter stock trading and has hired former Brevan Howard trader Giles Coppel to lead a team that will bet on interest rates and currencies as global macro investments find new favor. “We are moving to a different paradigm and this is a time for macro investing,” said Richard Schimel, who co-founded Cinctive with Larry Sapanski in 2019, confirming the moves.

Aaro DLT Multifund Fund of Funds Delivers 177.2 per cent Return in 2021 (Hedge Week)
The Aaro DLT Multifund achieved an annual return of 177.2 per cent in 2021, outperforming the wider crypto market (MVIS 100) by 42.8 per cent and bitcoin by 117.7 per cent. The fund’s Sharpe Ratio of 2.6 was also superior to that of the MVIS 100 index (1.8) and Bitcoin (0.8). The Aaro DLT Multifund, launched in May 2020, is one of the first fund of funds seeking to exploit investment opportunities in DLT/blockchain-related technologies and cryptoassets. The aim of the fund is to deliver sustainable growth and risk-adjusted returns while protecting against the markets’ short-term volatility.

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