King’s College London Hails Credit Hedge Fund Cheyne Capital’s Social Impact Strategy a Success (Hedge Week)
A social impact real estate fund run by London-based credit and multi-strategy manager Cheyne Capital has made a “real impact on individual lives”, an independent audit by King’s College London’s Policy Institute has found. The Cheyne Social Property Impact Fund – which invests across affordable and keyworker housing, temporary accommodation, and homes for adults with learning disabilities – has offered “genuine value to local authorities compared with their other options for delivering affordable housing”, the audit noted.
Warren Buffett’s Berkshire Hathaway may have Inspired Apollo’s $11 Billion Athene Deal (Business Insider)
Marc Rowan wants to give Warren Buffett a run for his money. The Apollo Global Management cofounder, who is will replace Leon Black as CEO later this year, spearheaded the private-equity group’s latest deal. Apollo has agreed to merge with Athene Holding in an $11 billion all-stock deal, it said on Monday. Apollo already owns more than 25% of the insurance group — the result of Rowan deciding to emulate Buffett’s Berkshire Hathaway conglomerate in the late 2000s and use insurance to finance investments.
Billionaire Chris Hohn Explains Why Increased Disclosure Will Force Companies To Cut Their Carbon Emissions (Forbes)
Few investors on the planet made more money in 2020 than billionaire Christopher Hohn, head of $35 billion in assets hedge fund TCI Fund Management. Hohn’s firm generated $4.2 billion in net gains last year, according to research from LCH Investment NV, led by large holdings in profitable blue chip companies such as Google, Charter Communications, Canadian Pacific Railways, Microsoft and Visa. Hohn deploys a unique blend of concentrated, long-term investing and corporate activism.
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These Hedge-Fund-Backed Companies Are Going Public — And Not Through SPACs (Institutional Investor)
Hedge funds including Viking, Citadel, and Point72 are gearing up for five biopharma company IPOs. SPACs aren’t the only way companies are going public.At least five fledgling biopharma companies recently filed plans to go public via traditional initial public offerings. Three of the companies filed their preliminary prospectus on Friday, while the other two set preliminary terms on Monday.
Revealed: Odey AM Quietly Rebrands £1.3bn of Funds as Crispin Odey’s Next Trial Date Looms (Portfolio-Adviser.com)
Odey Asset Management has quietly rebranded £1.3bn worth of funds as founder Crispin Odey prepares for his next date in court later this week, Portfolio Adviser has learned. Seven out of the hedge fund boutique’s existing 19 funds have changed their name from ‘Odey’ to ‘Brook’, referring to the new subsidiary business, Brook Asset Management, created by Odey AM last November. The rebranding took place in February when Odey appeared before Hendon Magistrates Court for a two-day trial over an alleged indecent assault incident that occurred in 1998.
Paul Singer Protégé Prepared To Spit Hot Activist Fire All Over Europe (Deal Breaker)
Cringing, cowering corporate executives across the European continent have waited for nearly a year to learn what “other opportunities” Franck Tuil, one of Paul Singer’s longest-serving and most terrifying effective protégés, would pursue after his departure from Elliott Associates last year. Well, if they had hoped the answer wasn’t “them,” they might want to check out the name of Tuil’s new firm. Tuil, who left Elliott last year, aims to launch Sparta Capital in the third quarter with more than $600 million in assets under management…
Hedge Fund Investors Clamor for Private Deals With IPOs Surging (Bloomberg)
Investors are increasingly betting on private markets — and they want to use hedge funds to do so. Private markets equities have emerged as the strategy most in demand among non-traditional offerings from hedge funds, according to a Credit Suisse Group AG report Tuesday. The appetite for growth and venture capital investments is increasing “as private companies and unicorns become a larger part of the capital markets ecosystem,” according to the bank.
EU to Make Fund Managers Back Up Sustainability Claims (The Wall Street Journal)
The European Union is bringing rules into effect on Wednesday that seek to regulate the fast-growing sustainable-finance industry for the first time. Managers of funds that invest in line with environmental, social or governance considerations, known as ESG, will have to put forward a tangible, measurable plan for how they will do so. This will apply to all asset managers that raise money in the EU, whether they are based within its borders or not, from March 10.
Tuesday 3/9 Insider Buying Report: INNV, GAIA (Nasdaq.com)
On Monday, Innovage Holding’s Director, Edward Moore Kennedy Jr., made a $483,000 buy of INNV, purchasing 23,000 shares at a cost of $21.00 each. So far Kennedy Jr. is in the green, up about 16.3% on their buy based on today’s trading high of $24.43. Innovage Holding is trading up about 3% on the day Tuesday. This purchase marks the first one filed by Kennedy Jr. in the past year. And on Friday, Director David Maisel purchased $274,540 worth of Gaia, purchasing 25,000 shares at a cost of $10.98 each. Gaia is trading up about 5.8% on the day Tuesday. Maisel was up about 27.5% on the purchase at the high point of today’s trading session, with GAIA trading as high as $14.00 at last check today.
What Did This CEO Just Do with Personal Shares of Repligen (NASDAQ: RGEN)? (Analyst Ratings)
Yesterday, the CEO of Repligen (RGEN), Anthony Hunt, sold shares of RGEN for $4.17M. Following Anthony Hunt’s last RGEN Sell transaction on March 05, 2020, the stock climbed by 87.7%. In addition to Anthony Hunt, 2 other RGEN executives reported Sell trades in the last month. Based on Repligen’s latest earnings report for the quarter ending December 31, the company posted quarterly revenue of $109 million and quarterly net profit of $19.7 million. In comparison, last year the company earned revenue of $69.47 million and had a net profit of $3.6 million. The company has a one-year high of $228.84 and a one-year low of $78.41. Currently, Repligen has an average volume of 474.70K.
The Cooper Inc (COO) President & CEO Albert G White Iii Sold $31 million of Shares (Guru Focus)
President & CEO of The Cooper Inc, Albert G White III, sold 79,745 shares of COO on 03/08/2021 at an average price of $388.62 a share. The total sale was $31 million. The Cooper Companies Inc is a medical device company operating through its subsidiaries. It manufactures products for contact lens wearers and supplies women’s health clinicians with products and treatment options to improve the delivery of healthcare.
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