New Opportunity for Atlant Opportunity (Hedge Nordic)
Stockholm (HedgeNordic) – Atlant Opportunity, the largest fund under the umbrella of Swedish asset manager Atlant Fonder with about €395 million under management, has been added on the guided fund offering at Folksam Fondförsäkring. Swedish insurer Folksam’s Folksam Fondförsäkring does not have its own funds but offers a guided range of external funds through a fund platform, with all funds in the guided range being sustainable based on Folskam’s own criteria.
Citadel, D.E. Shaw and Sculptor Are Among Bondholder’s in Russia’s Yandex (Bloomberg)
Citadel, D.E. Shaw & Co. and Sculptor Capital Management Inc. are among investors facing a potential default on convertible bonds from Russia’s Yandex NV, according to people familiar with the matter. The Russian tech company’s U.S. shares have been suspended for more than five days, enabling bondholders to ask for repayment in full. The firm has already said it does not have the money to redeem the $1.25 billion bonds, which are meant to be exchangeable for common stock.
Elon Musk Shared Advice for How to Invest During Periods of Inflation — and it Echoes Warren Buffett (CNBC)
When it comes to hedging against inflation, Elon Musk and Warren Buffett have recommended similar strategies. On Sunday, Tesla CEO Musk tweeted that in times of high inflation, it is “generally better to own physical things like a home or stock in companies you think make good products,” rather than keeping your money in cash.
Photo by Austin Distel on Unsplash
Acacia Research Taps Starboard SPAC Executive as M&A Chief (Reuters)
BOSTON (Reuters) – Acquisition platform Acacia Research Corp, backed by activist fund Starboard Value and a recent bidder for retailer Kohl’s Corp, appointed one of the hedge fund’s senior executives on Tuesday to oversee all aspects of its takeover business. The firm, which acquires businesses in sectors including technology, retail, and healthcare, appointed Martin McNulty Jr. as its chief operating officer and head of mergers and acquisitions, Acacia Chief Executive Officer Clifford Press told Reuters.
Hedge Funds Significantly Outperform Broad Markets Through a Bad Start to 2022 (Hedge Week)
The hedge fund industry gave up a bit of ground in February, falling back -1.00 per cent for the month, according to the Barclay Hedge Fund Index compiled by BarclayHedge, a division of Backstop Solutions. For the second consecutive month, hedge funds outperformed the S&P 500 Total Return Index which was down -2.99 per cent in February. So far in 2022, the S&P 500 Total Return Index has shed a total of -8.01 per cent, whereas the hedge fund industry is down less than half as much (-3.55 per cent).
