Hedge Fund and Insider Trading News: Cathie Wood, Marc Lasry, Odey Asset Management, Point72 Asset Management, LifeMD Inc (LFMD), DISH Network Corporation (DISH), and More

Cathie Wood Says Binance Legal Woes Good for Coinbase (Bloomberg)
Cathie Wood said Binance Holdings Ltd.’s US legal problems will benefit its rival Coinbase Global Inc. The world’s two biggest cryptocurrency exchanges are facing a regulatory crackdown including allegations this week filed by the US Securities and Exchange Commission that they are peddling unregistered securities.

JPMorgan and Morgan Stanley Review Prime Broking Ties with Odey Asset Management – Sources (Reuters)
JPMorgan (JPM.N) and Morgan Stanley (MS.N) are reviewing their prime broking relationships with Odey Asset Management after allegations of sexual misconduct and bullying by Crispin Odey reported by the Financial Times and Tortoise Media on Thursday, sources familiar with the matter said. The FT reported that 13 women alleged Odey had sexually assaulted or harassed them over a 25-year period.

Billionaire Marc Lasry, Who Sold His Stake in the Milwaukee Bucks, Says the Next “Big Opportunity” is in Women’s Sports (Business Insider)
Billionaire Avenue Capital founder Marc Lasry says the next “big opportunity” in sports investing is in women. The former co-owner of the NBA’s Milwaukee Bucks is launching a sports fund and eyeing opportunities in women’s sports and foreign basketball teams, he said at the Bloomberg Invest conference Wednesday. “There’s this tremendous amount of demand,” Lasry said. He added the audience for men’s sports in the US will likely fall while women’s sports will keep growing and “sooner or later take over by the media rights as well.”

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Top 10 U.S. Hedge Funds Of 2023 (Forbes)
Hedge funds are the ultimate asset class for ultra wealthy investors. Catering to the needs of high- and ultra-high net worth individuals, worldwide hedge funds manage more than $4 trillion in assets. According to the Financial Times, the total number of hedge funds around the world is greater than the number of Burger King restaurants—30,077 funds compared to a mere 18,700 Burger Kings. Of this multitude of investment managers, a majority of 65% can be found in the United States.

Thyra Hedge Capitalizes on the AI Boom (Hedge Nordic)
Stockholm (HedgeNordic) – After experiencing both ups and downs in performance over the past few years, tech-focused long/short equity fund Thyra Hedge is enjoying its best year since inception with an advance of 11.6 percent in the first five months of 2023. The fund managed by Inge Heydorn has successfully capitalized on the increasing popularity and advancements in artificial intelligence (AI).