Hedge Fund and Insider Trading News: Warren Buffett, Gabriel Plotkin, Dan Sundheim, Helios Capital, Palantir Technologies Inc (PLTR), MAXIMUS, Inc. (MMS), and More

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Melvin Capital Management Founder and Chief Investment Officer Joins Board of Children of Fallen Patriots Foundation (PRNewswire.com)
NEW YORK, Oct. 5, 2020 /PRNewswire/ — The Board of Advisors of Children of Fallen Patriots Foundation names Gabriel Plotkin as its newest member. The mission of Children of Fallen Patriots Foundation is to provide college scholarships and educational counseling to military children who lost a parent in the line of duty. As a member of the board, Plotkin will foster outreach for the foundation. Plotkin founded Melvin Capital Management LP in 2014 and serves as the firm’s Chief Investment Officer. Melvin Capital is a New York City-based investment management firm that invests primarily in tech and consumer stocks. Prior to starting Melvin Capital, Plotkin was a prominent trader at SAC Capital. Gabe received his bachelor’s degree in economics from Northwestern University.

Helios Capital’s Samir Arora is Not Bullish on the ‘Unlock’ Trade (MSN)
Samir Arora, founder and manager of Singapore-based hedge fund Helios Capital, is not convinced about a recovery in the auto sector, which has been among the industries hit hard by the coronavirus disruptions. He is also not bullish on the “Unlock” trade on which many market participants are betting on as lockdown restrictions are eased. “I am very much influenced by what happens in the US and I feel that Indian market, not just because we are copy cats, but because that is how the trends happen and percolate down to emerging markets, and I feel that the auto industry, for example, will be completely disrupted in five-seven years in US,” Arora said in an interview to CNBCTV18.

Warren Buffett: Appointing Ethical Leaders Using ‘The Newspaper Test’ (BitcoinWarrior.net)
In 2005 Bill Gates and Warren Buffett did a Q&A session with students from the University of Nebraska-Lincoln to discuss a number of topics including how to instil ethical leadership into their businesses. Here’s an excerpt from the session: Q2 2020 hedge fund letters, conferences and more.

Insider Trading Wall Street Trader Panic

Luis Louro / shutterstock.com

‘We’ve Misdrawn the Battle Lines of Capitalism:’ A Founding Member of Bain’s Social Impact Fund Shares What Really Needs to be Done to Make Stakeholder Capitalism Work (Business Insider)
Stakeholder capitalism, the idea that a company’s purpose is to benefit all its stakeholders, became the reigning economic theory in 2019 after 181 CEOs extolled the idea in an open letter titled a “Statement on the Purpose of a Corporation”. But the pandemic put stakeholder capitalism to the test, and a report funded by the Ford Foundation found that companies that had signed on to the “Statement on the Purpose of a Corporation” fared no better than other top companies in prioritizing worker rights. Business Insider recently spoke with Michael O’Leary, co-author of “Accountable: The Rise of Citizen Capitalism” to find out what it will take to turn corporate pledges into meaningful action. O’Leary and co-author Warren Valdmanis, partner of a social impact fund Two Sigma, helped launch Bain Capital‘s social impact investing fund.

A Technological Tale of Two Quant Hedge Fund Managers in 2020 (Hedge Nordic)
Stockholm (HedgeNordic) – Man Group, headquartered in London, with assets of USD 108.3 billion and over 1,400 staff, is one of the world’s largest alternative asset managers spanning quantitative and discretionary strategies. OQAM, an emerging “quantamental” manager, which runs SEK 165 million from Malmo in the South of Sweden, across the Oresund bridge from Copenhagen, is one of the smallest. Yet there are many similarities in how the two companies made use of technology before, during and after the Covid crisis.

Activist Insight and Proxy Insight Merge to form Insightia (Institutional Asset Manager)
Public company data providers Activist Insight and Proxy Insight are to merge to form Insightia, a new pf provider intelligent analytics to the global finance community. The name reflects Insightia’s mission to provide expert insights combined with intelligent analytics on the way issuers engage with their shareholders in a fast-changing world. Clients will benefit from greater integration of data across platforms and a simpler account management structure with staff supporting the entire suite of products. The Directors and leadership teams from both businesses will be working closely together to further develop the product suite. Terms of the merger have not been disclosed. Co-founder of both Activist Insight and Proxy Insight, Nick Arnott, says: “Having created market leading offerings in their respective fields, we are excited to move to the next level and create a single intuitive and easy to use source of global public company information.”

The Rise of Dan Sundheim: How a Wharton Whiz Kid Became the LeBron James of Investing, Launched One of the Hottest Hedge Funds on Earth, and Minted a Billion-Dollar Fortune in the Process (Business Insider)
Dan Sundheim has quickly become an investor to follow since launching his fund D1 Capital after working as the chief investment officer at Andreas Halvorsen’s Viking Global. The Wharton grad has at least $1 billion in personal wealth between his assets in his firm, stake in the NBA’s Charlotte Hornets, real-estate portfolio, and art collection, which includes a Jean-Michel Basquiat that he bought off the disgraced financier Jho Low.

Warren Buffett’s Barrick Gold Investment Signals Major Gold and Silver Investing Rush (PRNewswire.com)
NEW YORK, Oct. 5, 2020 /PRNewswire/ — Economic uncertainty has sent precious metal prices skyrocketing and triggered a rush of activity in gold and silver investing. News that the famously gold-adverse Warren Buffett’s Berkshire Hathaway had invested in major gold company Barrick Gold (NYSE: GOLD) (TSX: ABX) grabbed international headlines and served as a bellwether for big days in the gold stock market. The Berkshire Hathaway investment has been far from the only noteworthy activity in the gold and silver stock market of late. Canadian billionaire Eric Sprott has been actively investing in companies like Vizsla Resources Corp. (TSXV: VZLA) (OTCQB: VIZSF), Orefinders Resources Inc. (TSXV: ORX) and Pure Gold Mining Inc. (OTCPK: LRTNF) (TSXV: PGM). Meanwhile, resource mogul Robert Friedland is taking a larger share of his Ivanhoe Mines Ltd (OTCQX: IVPAF) (TSX: IVN).

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