Hedge Fund and Insider Trading News: Chris Rokos, Paul Marshall, Gatemore Capital, D.E. Shaw & Co., Adial Pharmaceuticals Inc (ADIL), Brookfield Asset Management Inc (BAM), and More

Rokos’s Hedge Fund Raises $1 Billion After Record Annual Loss (Bloomberg)
The biggest annual loss for Chris Rokos’s hedge fund isn’t deterring investors. The macro trader pulled in $1 billion of new cash this week and is in talks with investors to raise more capital, according to a person with knowledge of the matter. The inflows came after Rokos’s hedge fund slumped about 26% last year, said the person, who asked not to be identified because the information is private.

Investor Cuts Stake in Fashion Retailer Superdry (Punchline-Gloucester.com)
Hedge fund, Gatemore Capital, has cut its investment in Cheltenham fashion retailer Superdry. The firm has reduced its stake to 2.94%, from 4.7% in February last year, to realise a profit on its investment. That’s equivalent to £6.9 million. Since the activist investor disclosed its stake in the fashion retailer in July 2020 the share price has doubled. At the time of its investment, Liad Meidar, managing partner at Gatemore, said Superdry had shown ‘strong resilience despite a challenging trading environment’ and added: “We are confident the business is poised to benefit from the trend towards casual wear which has been accelerated by Covid-19.”

Hedge Fund Titan Paul Marshall Warns ‘Financially Illiterate’ Brits May Spell London’s Decline (Financial News)
The London Stock Exchange’s recent lacklustre performance could be a sign London is becoming a financial backwater, City hedge fund veteran Sir Paul Marshall warns. “Trading volumes are incredibly low,” the of hedge fund group Marshall Wace told BBC’s Radio 4, noting that the London Stock Exchange trades about $6.5bn a day while Apple alone trades $11bn. “So in terms of global trading volume, a lot of this work becoming irrelevant.”

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D.E. Shaw’s Two Biggest Funds Post Double-Digit Gains for 2021 (Bloomberg Quint)
(Bloomberg) — D.E. Shaw & Co., the quantitative hedge fund giant, ended 2021 with double-digit gains for its two biggest funds. The flagship Composite Fund rose 18.5% on the year, according to a person with knowledge of the matter, placing it among the top performing multistrategy funds. The vehicle, which invests across asset classes and geographies, is D.E. Shaw’s largest, the person said, and has posted just one down year since its debut two decades ago.

Brummer & Partners’ Multi-Strat Hedge Fund Flagship Ends 2021 in the Red (Hedge Week)
Brummer & Partners’ flagship multi-strategy hedge fund vehicle ended 2021 in negative territory, despite solid annual showings from its trend-following, macro and systematic equity names. The Brummer Multi-Strategy (BMS) fund lost 2.1 per cent in 2021, having posted a 0.1 per cent hit for December, while its twice leveraged BMS 2xL class ended the year down 5.1 per cent, nursing a 0.2 per cent December loss.