Hedge Fund and Insider Trading News: Cathie Wood, Starboard Value, Schonfeld Strategic Advisors, Autonomy Capital, B Riley Financial Inc (RILY), Costco Wholesale Corporation (COST), and More

Nvidia Is on Sale and Cathie Wood Is a Big Buyer (Bloomberg)
A rebound for Cathie Wood’s exchange-traded funds may depend in part on an equally battered large-cap technology stock that’s been a long-time favorite of hers — Nvidia Corp. ETFs controlled by the growth stock proponent’s ARK Investment Management LLC have been loading up on Nvidia shares, purchasing more than 400,000 in September, according to the firm’s daily trading disclosures. ARK funds held more than 675,000 shares as of June 30, according to data compiled by Bloomberg.

$14 Billion Hedge Fund Schonfeld is Focused on Hiring as Underperforming Shops Face a Shakeout (Business Insider)
The hedge fund industry in the early days of a consolidation wave, according to headhunter Ilana Weinstein. Speaking at the SALT conference, Weinstein said investors should push funds for more transparency. Schonfeld CEO Ryan Tolkin said the $14.1 billion firm is looking to attract talent amid the shakeout. The writing is on the wall for hedge funds whose performance have taken massive hits over the last few months.

Activist Involvement in Wix Can Unlock ‘Meaningful Value’ (Investing.com)
Shares of Wix.com Ltd (NASDAQ:WIX) gained 10% early Monday after activist hedge fund Starboard Value disclosed a 9% stake in the company Friday afternoon and, according to reports from Reuters, spoke to the Israel-based website building platform about improving operations. Starboard is said to support the company’s plans to become profitable and believes it can improve its margins and grow further. Starboard does not plan to seek board seats at the time, it was added.

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From One-Man Band to Orchestra (Hedge Nordic)
Stockholm (HedgeNordic) – After several years of successfully managing his hedge fund and asset management firm all by himself, Aalborg-based stock picker Andreas Aaen has turned Symmetry Invest from a one-man band into a high-performing orchestra of six people. “A small size is an advantage, but being too small is a disadvantage,” previously argued Aaen, who founded Symmetry Invest in early 2013 to manage his own money and capital from friends and family.

D. E. Shaw’s Latest New Fund (Institutional Investor)
Why the multistrategy giant believes that now is a good time for this niche offering. The D. E. Shaw Group is raising money for a new fund.The hedge fund giant disclosed in a regulatory filing that it’s in the process of launching the D. E. Shaw Diopter Fund. This will be a private, credit-focused niche fund that will primarily pursue investments related to synthetic securitizations.