Billionaire Investor Ray Dalio Says the US Appears to be on the Path to ‘Some form of Civil War’ (Business Insider)
Billionaire investor Ray Dalio said on Thursday that the US appears to be on the path to “some form of civil war.” Dalio said the country is witnessing greater amounts of populism and extremism. He outlined his thoughts in a LinkedIn post that summarized excerpts from his book. Billionaire investor Ray Dalio said on Thursday that the US appears to be on the path to “some form of civil war.”
Citadel, Saba Gain in January as Market Drop Left Many Hedge Funds with Losses (Trend News Agency)
Hedge funds Citadel and Saba Capital Management sidestepped January’s stock market selloff to post gains as many other firms started the year off in the red, Trend reports with reference to Reuters. Ken Griffin‘s Citadel told investors that its multi-strategy flagship Wellington fund gained 4.71% last month. The firm’s global fixed income fund returned 4.91%. A spokesman declined to comment.
Point72 Negative in Jan While Other Multi Stats Posted Gains (Hedge Week)
While several multistrategy hedge funds posted gains amidst January’s equity market volatility, Steve Cohen‘s Point72 Asset Management lost money over the month, according to a report by Bloomberg. The fund was down 1.3 per cent, while Gabe Plotkin’s Melvin Capital Management, in which Point72 has invested, dropped 15 per cent.
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Cathie Wood Targets Illiquid Assets and Limits Exits in New Fund (Bloomberg)
Cathie Wood is upping her big bet on disruptive tech companies via a new fund targeting less-liquid markets with limits on how quickly investors can exit. Wood’s firm ARK Investment Management — whose lineup of exchange-traded funds is reeling in the U.S. rout in growth stocks — filed on Thursday for a closed-ended “interval” fund that would expand her flagship strategy into harder-to-trade assets.
Sculptor Director Resigns, Alleges Governance Failures at Hedge Fund (The Wall Street Journal)
A director resigned from the board of Sculptor Capital Management, alleging governance failures including “staggering” compensation awarded to the largest publicly traded U.S. hedge-fund firm’s CEO. The allegations and resignation, detailed in a letter to the board Sculptor disclosed Thursday, have echoes of a past fight between firm founder Daniel S. Och and his onetime protégé, Chief Executive James Levin. Mr. Levin became CEO of the firm, formerly known as Och-Ziff Capital Management , after a pitched succession battle in 2018 that led Mr. Och to step back.
Haidar’s Hedge Fund Soars 31% in Biggest Month for Macro Trader (Bloomberg)
Even by his own standards, last month was extraordinary for macro hedge fund manager Said Haidar. The money manager, who runs a high-conviction $1.3 billion trading strategy, guided his Haidar Jupiter fund to a 30.65% gain in January, the best month since he started it more than two decades ago, according to investor letters seen by Bloomberg. The gain came after a return of almost 70% last year.
Citadel Hedge Funds Up in Jan Despite Equity Markets Slump (Hedge Week)
Citadel‘s flagship hedge fund and its fixed-income fund both posted gains almost 5 per cent in January, despite a slump in equity markets, according to a report by Bloomberg. The Wellington multistrat fund gained 4.7 per cent and the Global Fixed Income fund advanced 4.9 per cent, while Citadel’s Equities fund also saw a gain of 0.9 per cent.
Activist Investor Caligan Picks Up Stake in ADMA, Targets Potential Sale (Reuters)
Feb 4 (Reuters) – Activist investor Caligan Partners has bought a 5.6% stake in ADMA Biologics Inc and may urge the biotech company to consider a potential strategic review or explore a sale, its SEC filing showed on Friday. The New York-based hedge fund co-founded by David Johnson — a former Carlyle Group executive — said here shares of ADMA were undervalued and represent an attractive investment opportunity, and that it plans to communicate with the management, the board, other shareholders or third parties, including potential buyers.
Friday 2/4 Insider Buying Report: BA, MCI (Nasdaq.com)
At Boeing, a filing with the SEC revealed that on Tuesday, Director Steven M. Mollenkopf purchased 480 shares of BA, at a cost of $208.39 each, for a total investment of $100,027. Bargain hunters have the opportunity to grab BA even cheaper than Mollenkopf did, with the stock changing hands as low as $203.10 in trading on Friday — that’s 2.5% below Mollenkopf’s purchase price. Boeing is trading off about 0.8% on the day Friday. This purchase marks the first one filed by Mollenkopf in the past twelve months. And on Thursday, Edward P. Grace III purchased $46,988 worth of Babson Capital Corporate Investors Fund, purchasing 3,000 shares at a cost of $15.66 each. Before this latest buy, Grace III made one other buy in the past twelve months, purchasing $15,800 shares at a cost of $15.80 each.
Take A Look At Insider Trading For Canadian Solar Inc. (CSIQ) (Fosters Leader)
The stock of Canadian Solar Inc. (NASDAQ:CSIQ) increased by $2.75 on Monday to finish at $27.99, up 10.90 percent. The last five days have seen an average of 1,153,140 shares of common stock traded. 1 time new highs were reached in the current year, with a fall of -$3.30. The average number of shares traded over the last 20 days was 1,131,595, while the average volume over the last 50 days totaled 1,165,356.
