Hedge Fund and Insider Trading News: Chris Hohn, Engine Capital, Oaktree Capital Management, Millennium Management, Midwestone Financial Group Inc (MOFG), Canoo Inc. (GOEV), and More

Hedge Fund Billionaire Sir Chris Hohn Paid Himself ‘£1.5m a Day This Year’ (The Guardian)
The billionaire hedge fund manager Sir Chris Hohn paid himself a record-breaking $690m (£574m) this year after his Children’s Investment (TCI) fund recorded a a surge in profits. The payout from the Mayfair-based hedge fund, where the prime minister, Rishi Sunak, worked between 2006 and 2009, is the biggest ever collected by Hohn and believed to be the highest annual amount ever paid to one person in Britain. It equates to more than £1.5m a day.

Hedge Fund Engine Capital Urges Univar to Consider Sale, Other Options (Reuters)
Nov 30 (Reuters) – U.S. hedge fund Engine Capital on Wednesday urged Univar Solutions Inc (UNVR.N) to consider a sale or other strategic options, days after Germany’s Brenntag SE (BNRGn.DE) said it was in preliminary talks to buy the chemicals distributor. Engine Capital, which owns about 1% of Univar, said in an open letter that the bid by Brenntag confirms its view that the company is “undervalued” and a “highly attractive acquisition target”.

A Hedge Fund That Saw Returns Of Over 20% Is Holding On To These 2 Marine Shipping Stocks With Soaring Yields (Benzinga)
Oaktree Capital Management saw a one-year return of roughly 22.8% last year, according to Stock Circle, and has a total portfolio value north of $9 billion. The company was co-founded in 1955 by co-Chairman Howard Marks and as of Sept. 30, 2022, it had more than $163 billion in assets under management through its diversified mix of global investment strategies in four categories: credit, private equity, real assets and listed equities.

Rawpixel.com/Shutterstock.com

Millennium, Balyasny, Point72 Among Firms on Asia Hiring Spree (Hedge Week)
Multi-strategy hedge funds including Millennium Management, Balyasny Asset Management, and Point72 Asset Management are recruiting staff at breakneck pace in Asia as market volatility prompts investors to look to firms that employ multiple strategies rather than single managers, according to a report by Bloomberg. The report cites an unnamed source as saying that Izzy Englander’s $59 billion Millennium has doubled its Asia headcount over the past three years, more than 50 investing teams operating in the region. And the firm reportedly still has an additional 45 investing and operational position to fill in Asia-Pacific outside of India.

Crypto Hedge Funds Burned by FTX Seek Wall Street-Style Middlemen (Bloomberg)
Before it collapsed, FTX was a favorite in the world of professional crypto traders, with frenzied volumes, derivatives on steroids and a simpatico founder who got his start at storied Wall Street trading house Jane Street. Now with millions lost on the bankrupt platform, its former fans are fighting for survival, writing off sizable chunks of their portfolios and facing an existential dilemma: Should they trust any crypto exchange at all?