Crispin Odey’s Hedge Fund Responds to Sexual-Misconduct Allegations (The Wall Street Journal)
Prominent London hedge-fund firm Odey Asset Management told investors it doesn’t recognize “the picture of the firm that has been painted” by a Financial Times report that detailed alleged sexual misconduct by its founder, Crispin Odey. An FT article Thursday said 13 women have accused Odey of abusing or harassing them between 1998 and 2021. Odey didn’t respond to a request for comment Thursday. He told the FT that the allegations were “rubbish.” The letter, dated Thursday and signed by Peter Martin, Odey Asset Management’s chief executive, said it treats “now and in the past, all such allegations extremely seriously,” but stated it couldn’t comment in detail on the allegations.
Lee Ainslie’s Maverick Capital is Soaring This Year After Buying Nvidia. His Tiger Cub Peers Had a Pretty Good Month Too. (Business Insider)
Lee Ainslie‘s Maverick Capital is riding high so far in 2023. The Tiger Cub’s fund rose 5.60% in May and has gained 19.48% year to date, according to HSBC’s Hedge Weekly performance report. Regulatory filings for the firm’s portfolio show that Ainslee took a new position in Nvidia, the chipmaker which powers some artificial intelligence applications, over the first three months of the year. The stock, which soared in May, was its fifth-largest holding, making up 3.26% of his portfolio as of March 31.
MEV Capital Management Launches DeFi Digital Assets Hedge Fund (Hedge Week)
MEV Capital Management is launching a new digital assets hedge fund, MEV Capital Stablecoin High-Yield Fund SP, a Cayman Islands vehicle that “deploys and monitors trend-agnostic strategies based on digital assets, seeking to capture yields and timed opportunities”. The fund, which encompasses on-chain operations to the public ethereum blockchain, interacts with decentralised finance (DeFi) protocols as well as with digital asset derivative and hedging solution providers to achieve market neutrality. The fund has an open-ended structure and is registered with the Cayman Islands Monetary Authority (CIMA), and audited by a CIMA approved auditor.
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Billionaire Hedge Fund Icon Ray Dalio Predicts ‘Big Cycle Debt Crisis’ (The Street)
The U.S. government has a debt problem and it’s a big one. According to government figures, total U.S. gross debt landed at $31.4 trillion in 2022. $24.5 trillion of that, or approximately 78%, is deemed as public debt, meaning its cash borrowed from domestic and foreign investors. Now, a reckoning is coming as the federal government is about to issue a substantial amount of its debt on the open market – with a significant lack of interest from buyers.
Perfect Storm for Antiloop’s Strategies (Hedge Nordic)
Stockholm (HedgeNordic) – Since its launch in February 2022, multi-strategy hedge fund Antiloop Hedge successfully navigated turbulent waters with few surprises. The month of May, however, proved to be the fund’s most difficult month to date, resulting in a loss of 4.7 percent as all sub-strategies simultaneously experienced an unfavorable turn.
