Meet 2022’s Hedge Fund Rising Stars (Institutional Investor)
One is a classical pianist. Another is a former minor league baseball player. Two others are sons of iconic Wall Streeters. All of them have one thing in common: They are among Institutional Investor’s ten newest Hedge Fund Rising Stars. The class of 2022 – the first since 2019, thanks to a two-year hiatus for the pandemic – includes several who run their own hedge fund firms, such as Andrew Cohen of Difesa Capital Management and Michael Englander of Greenland Capital Management. These two Rising Stars are the sons of Peter Cohen and Izzy Englander, respectively.
Panthers’ David Tepper, Billionaire with N.J. Roots, Remains NFL’s Richest Owner; Mets’ Steve Cohen tops in MLB (NJ.com)
Earlier this week, Forbes released its updated list of the world’s richest sports team owners, and once again, Carolina Panthers’ David Tepper is tops among his NFL colleagues. It’s the third year in a row Tepper, the former Goldman Sachs trader who founded Appaloosa, a hedge fund with its headquarters in Short Hills, N.J., is the NFL’s richest owner. Tepper, who lived in New Jersey for more than two decades before moving to Florida in 2016, bought the Carolina Panthers in 2018 for $2.3 billion.
Viking Hedge Fund Plans NYC Office Expansion as Headcount Grows (Bloomberg)
Andreas Halvorsen’s mega hedge fund firm, Viking Global Investors, is looking to relocate its Manhattan offices and snap up more space as it ramps up growth in New York City. The firm is in talks for more than 100,000 square feet (9,300 square meters) of space at 660 Fifth Ave., an office tower that’s undergoing a $400 million redevelopment by Brookfield Properties, according to people familiar with the matter. Discussions are ongoing and nothing is finalized, the people said, asking not to be named because the matter is private.
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Sears Bankruptcy Judge Orders Ex-Chairman Lampert, Creditors to Mediation (The Wall Street Journal)
The judge overseeing the bankruptcy case of Sears Holdings Corp. appointed mediators to help resolve a $2 billion lawsuit against former chairman Eddie Lampert and other former shareholders filed by the retailer’s creditors three years ago. Judge Robert Drain appointed Shelley Chapman, a fellow bankruptcy judge in the U.S. Bankruptcy Court in New York, along with James Peck and Jed Melnick, as mediators in the lawsuit, which alleges that Mr. Lampert and his hedge fund stripped key assets like Lands’ End and the Sears Hometown.
Hedge Fund Market Size 2022 Development Strategies, Top Manufacturers Insights, Industry Share, Growth Rate Analysis by Regions Forecast to 2029 (Digital Journal)
Hedge Fund Market Report helps to determines various growth opportunities, future scope, top industry development plans and key regions update with leading players. Some top players Are – BridgeWater Associates, Citadel, AQR Capital Management, Two Sigma Investments, BlackRock, Elliot Management, Millennium Management. Global “Hedge Fund Market” Report encompasses major revenue streams of top players along with their growth patterns. Hedge Fund market report provides comprehensive analysis of several growth factors such as market status, key trends, market size, share and sales volume.
Buyout Group I Squared Capital Racks Up $15bn for Third Infrastructure Fund (Opalesque)
I Squared Capital, the infrastructure investor is eyeing the liquefied natural gas sector, has closed its ISQ Global Infrastructure Fund III at the $15 billion legal cap, exceeding an initial target of $12 billion. Fund III is more than double the capital raised by its predecessor fund, which closed at $7 billion in September 2018. Including commitments from I Squared Capital and a dedicated co-investment vehicle, the fund has $15.5 billion in investable capital, said the company. It has received capital commitments from over 200 institutional investors, including public and private pensions, sovereign funds, insurance companies, asset managers, and family offices in 27 countries.
Rokos’ Hedge Fund Bounces Back from Record Loss in 2021 with 7 per cent Gain (Hedge Week)
A hedge fund run by billionaire macro trader Chris Rokos has bounced back from record losses last year, to point a 7 per cent gain in Q1 2022, according to a report by BNN Bloomberg. Recent market volatility caused by geopolitical uncertainty and soaring inflation has created opportunities for macro hedge funds to make gains and Rokos’ fund is no exception having posted a 2.1 per cent advance last month alone.
Asset Managers Turn to Mergers to Deliver for Shareholders (AFR.com)
To many, Perpetual chief Rob Adams might best be described as the seasoned funds management executive, fighting challenging industry dynamics by diversifying and growing. But to some within the straight-talking sector, which dissects people and companies for a living, he is more frequently described as a deal junkie with a talent for acquiring businesses in decline, and assets that can walk out the door.
Friday 4/8 Insider Buying Report: THO (Nasdaq.com)
On Tuesday, Thor Industries’ Director, James L. Ziemer, made a $805,295 buy of THO, purchasing 10,000 shares at a cost of $80.53 each. So far Ziemer is in the green, up about 3.4% on their purchase based on today’s trading high of $83.28. Thor Industries, is trading up about 2.2% on the day Friday. This purchase marks the first one filed by Ziemer in the past year.
‘DeFi Hedge Fund’ Outperforms the Market Leveraging AI, Expands Offering (BitNewsToday.com)
When asked about wealth inequality, few can say they clearly understand how severe this gap is. For a more precise visual, consider that Elon Musk, reportedly the richest man on Earth, has a network that exceeds the gross domestic products (GDPs) of countries like Portugal, Pakistan and Finland. According to the UN, even a small fraction of his wealth, $6 billion, would save at the very least 42 million people who are on the brink of salvation. Although Musk is just one example, his wealth indicates one thing, a very extreme wealth gap that currently exists, leading many to wonder about the reasons for this.
