Hedge Fund and Insider Trading News: Warren Buffett, Dan Och, Eisler Capital, Sculptor Capital Management, Glenview Capital Management, Archegos Capital Management, Winnebago Industries, Inc. (WGO), Rocky Mountain Chocolate Factory, Inc. (RMCF), and More

Hedge Fund Eisler Capital’s Profit Jumps 73% (Financial News)
Eisler Capital’s highest-paid director received remuneration of $4.2m last year, compared with $2.4m in 2021. London-based multi-strategy hedge fund Eisler Capital saw its profits soar 73% on the back of a strong performance in 2022. The firm made a profit of $45m for the year ended 31 December 2022. Eisler Capital’s turnover came in at $261m, up 184% compared with 2021, according to the latest accounts.

Warren Buffett Lifts Fossil Fuel Bets (Bloomberg)
Warren Buffett’s multibillion-dollar purchases of oil and gas investments early in the pandemic paid off when the sector cranked out record earnings in 2022. But instead of selling out for a huge profit this year, the Oracle of Omaha wants more. Berkshire Hathaway Inc. is using this year’s dip in commodity prices to load up on some of Buffett’s favorite oil and gas investments, showing that history’s most famous investor sees opportunity in a sector long disfavored due to its volatility and effects on the climate.

Rithm Capital to Acquire Hedge Fund Sculptor for $639 Million (Reuters)
Asset manager Rithm Capital (RITM.N) has agreed to acquire hedge fund firm Sculptor Capital Management (SCU.N) for $639 million, the companies said in a statement on Monday. Rithm will pay $11.15 per class A share of Sculptor, which represents a premium of 18% over Sculptor’s closing price on Friday. Sculptor, once known as Och-Ziff Capital Management, had been exploring a sale since last year, amid a legal battle with its founder, Daniel Och.

Source: pexels

Glenview Has a Solid First Half (Institutional Investor)
The hedge fund firm led by Larry Robbins has delivered gains in each of its main funds. Glenview Capital Management’s hedge funds generated healthy returns in the first half of the year. The hedge fund firm headed by Larry Robbins posted a 13.8 percent gain in its flagship Glenview Capital Partners fund, according to a person who has seen the results.

Archegos Probe Reveals Full Extent of Credit Suisse Failure (Finews.com)
Regarding the Archegos debacle, it’s clear how deeply negligent Credit Suisse’s top management was until recently. The shortcomings are serious and Finma has ordered far-reaching measures applying to the bank and its legal successor, UBS. The multi-billion dollar debacle with the US hedge fund Archegos Capital Management that put Credit Suisse in dire straits in 2021, is ending with hefty fines and a harsh reprimand from regulators, including the Swiss Financial Market Supervisory Authority (Finma), which has identified serious deficiencies at in the past.