Billionaire Investor Paul Tudor Jones Is Buying Bitcoin Now. Should You? (The Motley Fool)
Tired of pie-in-the-sky Bitcoin price targets? Here’s how a top hedge fund manager analyzes Bitcoin. In a recent CNBC interview, hedge fund billionaire Paul Tudor Jones discussed why he’s buying Bitcoin (CRYPTO: BTC). Interestingly, he did not once mention blockchains, smart contracts, decentralized applications, or non-fungible tokens (NFTs). There was no crypto mumbo-jumbo, and no outlandish price predictions. Instead, this billionaire hedge fund investor analyzes Bitcoin the same way he analyzes every other asset in his portfolio. Correlations, risk premiums, economic scenarios, and statistical probabilities matter. If you’re thinking of investing in Bitcoin now, this investment framework might be helpful.
Activist Investors are Needed More Than Ever (The Economist)
Little scares the c-suite like shareholder activism. Bosses stay awake worrying about a call, a letter or a 100-page presentation in which a hedge fund outlines the depths of their ineptitude. At the start of the year executives were especially on edge. During this year’s annual “proxy season”—a succession of shareholder meetings—they have mostly avoided votes on dissident nominees to their boards. Nevertheless in recent months some of the world’s largest firms—including Alphabet, Bayer, Disney and Salesforce—have had to tussle with activists, who are increasingly focused on the biggest companies. On May 25th, as we published this article, the battle between Carl Icahn, a prominent activist, and Illumina, a genomics giant, was set to come to a head.
Ann-Sofie Odenberg Joins PRI’s Advisory Committee (Hedge Nordic)
Stockholm (HedgeNordic) – Ann-Sofie Odenberg, Head of Sustainability at Brummer & Partners, has joined the PRI Hedge Fund Advisory Committee with the aim of contributing to the shaping and advancement of sustainable investment practices within the hedge fund industry. The committee, composed of members from signatories to the Principles for Responsible Investment, serves as a voluntary body that provides advice and input to the PRI Executive on sustainability-related matters pertaining to hedge funds.
Image: Depositphotos
Activist Jana Partners Set for a Proxy Fight with Freshpet (NASDAQ:FRPT) (TipRanks)
Activist investor Jana Partners is also set for a proxy fight with Freshpet (NASDAQ:FRPT) and has nominated four directors to the pet food company’s board for election at the 2023 annual meeting. According to a letter addressed to other shareholders disclosed on Wednesday, Jana has a 9.3% stake in Freshpet. Jana alleged that Freshpet’s missteps have resulted from the Board’s disregard of its most basic duties to shareholders. The activist investor acknowledged that recent changes by the management are “step in the right direction.” Nonetheless, Jana noted that the board has failed to supervise management over multiple years as the company’s performance worsened, liquidity deteriorated, and shareholder value declined.
Taconic Appoints Co-CIO (Hedge Week)
Taconic Capital Advisors, an $11 billion, New York- and London-based hedge fund firm focused on event-driven, multi strategy investments, has appointed Nate Kempner, a principal and co-chair of the firm’s Investment Committee, as co-chief investment officer, alongside Taconic’s co-founder, Frank Brosens. The move comes following the decision of Christopher DeLong to retire from his role as principal and chief investment officer at the end of the year.
Ignore Ray Dalio? Why GameStop Stock Deserves a Second Chance. (InvestorPlace)
A hedge fund founded by famous billionaire Ray Dalio reportedly sold its entire stake in GameStop (GME). However, GameStop appears to be successfully navigating a turnaround. Investors shouldn’t give up on GME stock in 2023. Apparently, a highly respected investor has lost faith in video game retailer GameStop (NYSE:GME). Or at least, his firm divested its position in GME stock. Whether you also intend to give up on GameStop is entirely up to you. However, even though GameStop isn’t perfect, the company is demonstrating improvement, and investors don’t have to just bail on the stock.
The Hedge Funds Benefiting From Nvidia (Institutional Investor)
The surging chipmaker has a significant presence in more than a few well-known hedge fund firm portfolios. If you think Nvidia shareholders were already excited by its stock performance over the past year, you can be sure that they’re delirious after the chip giant reported quarterly results Wednesday evening that blew away expectations.
Spruce Point bets against ad-tech firm Perion Network (Hedge Week)
Concerns over the accuracy of the Perion Network’s financial reporting have prompted New York-based hedge fund Spruce Point Capital to establish a new short position in the Israel-based advertising technology firm, according to a report by Reuters. The report cites Spruce Point Capital as saying that given its “extreme dependency” on a Microsoft Corp search partnership that is due to come to an end next year, Perion’s shares could fall by as much as 40% in the long-term.
Hedge Fund Billionaire Bill Ackman Goes for the Jugular with his Archrival Carl Icahn on the Ropes, Comparing his Firm to the Infamous Implosion of Archegos (EMEA Tribune)
More from Fortune: 5 side hustles where you may earn over $20,000 per year—all while working from home Looking to make extra cash? This CD has a 5.15% APY right now Buying a house? Here’s how much to save This is how much money you need to earn annually to comfortably buy a $600,000 home. In early May, Hindenburg Research accused the holding company and its famous controlling owner, Carl Icahn, of employing “Ponzi-like” economics by paying off existing retail investors with unsustainably large dividends funded by new investors buying its stock exchange-listed depositary units.
Thursday 5/25 Insider Buying Report: SPB, DTM (Nasdaq.com)
On Tuesday, Spectrum Brands Holdings’ CEO, David M. Maura, made a $723,150 buy of SPB, purchasing 10,000 shares at a cost of $72.31 each. So far Maura is in the green, up about 2.9% on their purchase based on today’s trading high of $74.40. Spectrum Brands Holdings is trading up about 1.5% on the day Thursday. And also on Tuesday, Director Peter I. Tumminello bought $236,750 worth of DT Midstream, buying 5,000 shares at a cost of $47.35 a piece. Before this latest buy, Tumminello made one other buy in the past twelve months, purchasing $164,400 shares at a cost of $54.80 each. DT Midstream is trading up about 0.2% on the day Thursday. Bargain hunters are able to bag DTM at a price even lower than Tumminello did, with shares changing hands as low as $46.27 at last check today — that’s 2.3% below Tumminello’s purchase price.
$1M Bet On General Motors? Check Out These 4 Stocks Insiders Are Buying (Benzinga)
General Motors: The Trade: General Motors Company (GM) Executive Vice President Paul Jacobson bought a total of 31,000 shares at an average price of $32.60. To acquire these shares, it cost around $1.01 million. Southland Holdings: The Trade: Southland Holdings, Inc. (SLND) Co-COO and EVP Rudolph V Renda acquired a total 632,413 shares an average price of $10.12. To acquire these shares, it cost around $6.4 million.
