Kim Kardashian’s Skims Doubles Valuation to $3.2 bln After Latest Fundraise (Reuters)
Jan 27 (Reuters) – Shapewear label Skims said it had doubled its valuation to $3.2 billion after raising $240 million in fresh funds, as investors bet on the success of the Kim Kardashian-owned brand. The funding round announced on Thursday was led by hedge fund Lone Pine Capital and also included D1 Capital Partners, as well as existing investors Thrive Capital, Imaginary Ventures and Alliance Consumer Growth.
Hedge Funds See No End to Carbon Rally After Last Year’s Surge (Bloomberg Quint)
(Bloomberg) — The European Union’s carbon price gained nearly 150% last year to a record, and some hedge funds profiting from the surge say that level will be smashed in 2022. Bullish bets from Andurand Capital Management LLP, Northlander Commodity Advisors LLP and Clean Energy Transition LLP see permits blowing past 100 euros, about 13% higher than Wednesday’s close, as nations burn more coal to keep the lights on amid soaring prices for natural gas, which also is used to make electricity. The forecasts were made before Russian military moves near Ukraine stoked geopolitical tensions and heightened concerns about gas supplies.
These Are The Top Stock Holdings Of Andrew Hahn (Entrepreneur)
Andrew Hahn is the co-owner of Ursa Fund Management, a hedge fund that focuses on the event-driven/corporate actions space. Hahn has a quantitative background, and before co-founding Ursa Fund Management, he worked on the US team with a large global hedge fund for about seven years. Ursa Fund Management was among the best performing hedge funds in Q3 2021. Let’s take a look at the top stock holdings of Andrew Hahn.
The Fund that Made $700 Million on GameStop Knew It was Time to Sell After an Elon Musk Tweet (CNBC)
One hedge fund got the GameStop trade just about perfectly right last year — buying it under $10 and selling when the meme stock peaked. The sell signal it used? An Elon Musk tweet. That’s how 2021′s top-performing hedge fund Senvest Management was able to notch $700 million in profit from GameStop and bring its annual return to over 85%. The trade was the firm’s single best in its 25 years in existence.
New Fed Stance Means We can Listen to the Bond Market Again – Famed Investor Stanley Druckenmiller (Seeking Alpha)
Famed hedge fund manager Stanley Druckenmiller said Thursday that the latest signs from the Federal Reserve indicate that policymakers will begin to limit their manipulation of the bond market, meaning that investors can once again use it as a useful economic signal. “If the Fed behaves as [Fed] Chairman [Jerome] Powell suggested they will in the months ahead, we can heed the message of the bond market again,” the former chairman and president of Duquesne Capital told CNBC in an off-air interview.
EcoProBM Under Investigation on Suspicion of Insider Trading (The Korea Times)
EcoProBM confirmed the news that Lee Dong-chae, chairman of its parent firm EcoPro, and several executives of its affiliates are under investigation by prosecutors on suspicion of insider trading. “We sincerely apologize to our shareholders for causing concern with this issue,” the Kosdaq-listed battery materials firm posted on its website on Wednesday night. “We promise again that we will do our best to dispel worries about this issue, enhance shareholder value and pursue company development.”
Cavco, Ex-CFO Lose Bid to Toss SEC’s Insider Trading Allegations (Bloomberg Law)
Cavco Industries Inc. and its former chief financial officer must face allegations of insider trading after a federal judge in Arizona ruled the SEC’s complaint is sufficient to move forward. Cavco, through some of its executives, allegedly used inside information obtained through acquisition discussions to buy up securities in companies ahead of their mergers. The Securities and Exchange Commission adequately alleged the company and its former CFO ran afoul of federal securities laws, allowing the suit to move to the next phase, the U.S. District Court for the District of Arizona said.
