Hedge Fund and Insider Trading News: Cathie Wood, Jim Simons, Jamie Dinan, Alden Global Capital, Odey Asset Management, Atlant Fonder, Nickel Digital Asset Management, Burford Capital, Global Water Resources Inc (GWRS), Twilio Inc (TWLO), and More

Chief Executive of Crispin Odey’s Boutique Resigns (Portfolio-Adviser)
The chief executive of Odey Asset Management has resigned, Portfolio Adviser has learned, marking the second senior departure from Crispin Odey’s hedge fund business in a month. Filings from Companies House show Tim Pearey was terminated as a member on 24 March after two decades at the business. As of yet, Odey AM has not named a successor. Having split the CEO role with Odey AM’s eponymous founder for many years, in November 2020 Pearey became the boutique’s sole boss months after Odey was charged by the Crown Prosecution Service over an alleged indecent assault. He was ultimately acquitted.

Hearst Connecticut Ramps Up Coverage of Hartford County, Home of Alden’s Hartford Courant (Poynter.org)
Hearst’s Connecticut operation is adding 13 new positions — 11 of them journalists — and ramping up coverage of Hartford County, the home base of The Hartford Courant. The Courant is one of the Tribune Publishing papers bought last summer by hedge fund Alden Global Capital. Hearst’s move is not framed as a news-war attack on the Courant, but the company did offer a hint of that.

Cautiously Optimistic (Hedge Nordic)
Stockholm (HedgeNordic) – Before Russia invaded Ukraine in late February, the world’s immediate – economic – problem was surging inflation. The extensive economic consequences of the war in Ukraine are increasing the risk of stagflation, slowing economic growth accompanied by rising inflation, according to Taner Pikdöken, portfolio manager at Atlant Fonder. “My concern right now is that the world economy is facing a period of rising and residual inflation at the same time as we are experiencing declining growth,” says Atlant Fonder’s Taner Pikdöken.

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Here’s the 23-Page Pitch Deck that Convinced Billionaire Jamie Dinan to Bet Millions on Biometric Security Company authID.ai (Business Insider)
Publicly traded biometric security company authID.ai thought it had locked its working capital in for the next two years last Monday. With a stock issuance, convertible notes, and a $10 million credit facility from an existing investor, the software-as-a-service firm announced it had $22.5 million to work with in a press release on March 21.

Cathie Wood has been a Magnet for Criticism. She Blames Her Contrarian Views, Not Her Gender (CNBC)
It’s hard to talk about the topic of women in investing without mentioning Cathie Wood. The founder, CEO and chief investment officer of Ark Investment Management was the first woman to claim the title of manager of the largest actively managed fund. Yet, when Wood reflects on her career, she said she attributes any professional marginalization to her contrarian views rather than her gender. On any given day, she is rarely reminded that she is a woman, Wood told CNBC in a recent interview.