Hedge Fund and Insider Trading News: Amber Capital UK LLP, Third Point LLC, D.E. Shaw, Odey Asset Management, Alameda Research, North Rock Digital, FedEx Corp (FDX), Domo, Inc. (DOMO), and More

Amber CEO Denies Plotting Indra Takeover With Investment Firms (Bloomberg)
Amber Capital UK LLP founder Joseph Oughourlian denied a news report that claimed he was in talks with several private equity funds to take control of Spanish defense group Indra Sistemas SA. “Amber denies the information about alleged contacts with funds and investment banks to address the future of Indra,” Oughourlian, who is also the hedge fund’s chief executive officer, told Bloomberg News by phone.

Third Point Makes a Big Bet on Alphabet (Institutional Investor)
Dan Loeb’s hedge fund continued to struggle in March, however. Third Point has made a sizeable bet on Google parent Alphabet. The value-driven multistrategy hedge fund firm headed by Dan Loeb disclosed that Alphabet was its fifth-largest long position as of the end of March.

A D.E. Shaw Internship could Land a Dream Gig at the Secretive Hedge Fund. Here’s What it Takes. (Business Insider)
D.E. Shaw has a history of unconventional hires who do not necessarily have a background in finance. The hedge fund typically hires up to 90 interns a year, and many convert to full-time employees. Jeremy Reff, D.E. Shaw’s recruiting head, took us inside the firm’s process for finding talent. “I don’t know.” You might think that’s an answer you would best avoid in a job interview. At quant hedge fund giant D.E. Shaw, however, it could be interpreted as a sign of intellect.

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Odey Shuts Natural Resources Hedge Fund Hurt by Russian Bets (AFR.com)
Odey Asset Management has liquidated a commodities-focused hedge fund run by portfolio manager Henry Steel and personally backed by its founder Crispin Odey. The London-based firm has shuttered the Odey Concentrated Natural Resources Fund after the money pool suffered losses tied to its large Russian positions last year and failed to raise assets, according to a person with knowledge of the matter who asked not to be identified because the details are private.

Hedge Fund Investor Letters Q1 2023 (Insider Monkey)
We will be sharing Q1 2023 hedge fund investor letters in this article. You can also see the hedge fund investor letters for 2022 Q4, 2022 Q3, 2022 Q2, 2022 Q1, 2021 Q4, 2021 Q3, and 2021 Q2 by clicking the links.Hedge Fund Investor Letters and Updates for 2023 Q1: Vltava Fund (MGA). Ace River Capital (RICK, HZO). Palm Valley Capital Management (NGS, OR, CRD-A, MLR, BBBY, GENC).