Hedge Fund and Insider Trading News: Warren Buffett, Starboard Value LP, Deccan Value Investors, Neoleukin Therapeutics Inc (NLTX), Patrick Industries, Inc. (PATK), and More

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Amtek Lenders Close to Sealing Resolution with US Hedge Fund (The Economic Times)
Mumbai: Debt resolution at bankrupt auto parts maker Amtek Auto is finally moving forward as lenders and US-based hedge fund Deccan Value Investors LP (DVIL) are close to inking an agreement to complete the Rs 2,700-crore deal, four people familiar with the plan told ET. Bankers and officials from DVIL have been engaged in negotiations for the last 10 days to clarify covenants, clauses and timelines for the repayment after the fund submitted Rs 300 crore of bank guarantees as the first step to fulfil its commitment.

Glass Lewis Backs One of Starboard’s Three Nominees in Box Proxy Fight (Reuters)
NEW YORK, Aug 27 (Reuters) – Proxy advisory firm Glass Lewis on Friday recommended that investors in cloud storage vendor Box elect one of Starboard Value‘s three proposed nominees to the board, arguing change is needed after a “puzzling” capital raise and “reactive governance” changes. Glass Lewis is backing Peter Feld, a partner at Starboard, owner of an 8.4 stake in Box (BOX.N), to join the 10-person board. “We believe there remains sufficient cause to support the election of a direct shareholder representative at this time,” Glass Lewis wrote in its report, which was seen by Reuters.

The Simple Tricks That Turned One Investor’s $70,000 Retirement Account into a $264 Million Fortune (The Washington Post)
You can sometimes find fascinating information in footnotes — and that’s where I discovered the amazing investment returns of Ted Weschler, 60, a relatively low-profile money manager based in Charlottesville whose retirement account has outperformed the S&P 500 by hundreds to 1. Weschler, who operates out of a two-person shop located above a bookstore, has been one of Warren Buffett’s deputies at Berkshire Hathaway since 2012, where he manages billions of Berkshire bucks.

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Hedge Fund Sentiment Shifts As Delta Fear Grows (Forbes)
According to Eurekahedge, global hedge funds were up 8.07% for the first six months of the year, following a return of 0.25% for June. Long/short equity loses momentum: HFM Insights reports that long/ short equity hedge funds lost momentum in June due to decelerating performance gains and increased outflows. The strategy returned 0.8% in June, bringing its return to 11.6% for the first six months of the year.

Hedge Fund Software Market is Booming Worldwide with Eze Software, FundCount, Northstar Risk (ReportedTimes.com)
Advance Market Analytics published a new research publication on “Hedge Fund Software Market Insights, to 2026” with 232 pages and enriched with self-explained Tables and charts in presentable format. In the Study you will find new evolving Trends, Drivers, Restraints, Opportunities generated by targeting market associated stakeholders. The growth of the Hedge Fund Software market was mainly driven by the increasing R&D spending across the world.

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