Hedge Fund and Insider Trading News: Crispin Odey, Akre Capital, Citadel LLC, Elliot Management, Coliseum Capital Management, Blackstone Inc (BX), Akouos, Inc. (AKUS), and More

Hedge Fund Boss Crispin Odey Faces New Misconduct Allegation (The Times)
Allegations of sexual misconduct by the financier Crispin Odey will be treated “extremely seriously”, the management of his hedge fund said yesterday after a new claim emerged. Odey, 63, was cleared of indecent assault after a trial in March last year and a judge told him he could leave court with his “good character intact”.

Report: After Links to Leeds’ Radrizzani, European Club Receive Takeover Bid From Hedge Fund (HITC)
According to El Confidencial, Valencia are set to be the subject of a bid from the Apollo and Elliot hedge fund. Valencia were one of the hardest-hit clubs financially by the coronavirus pandemic as they were forced to sell star players such as Ferran Torres, Rodrigo, Geoffrey Kondogbia and more recently Goncalo Guedes. The Spanish club have been on the market for quite some time now, and at one point it looked as though Leeds United owner, Andrea Radrizzani was a prospective buyer.

‘3-Legged Stool’ Hedge Fund Upped Its Stake In 2 Dividend Stocks – The Next Compounding Machine? (Benzinga)
Akre Capital uses an investment strategy called the “three-legged stool” approach, describing what the Middleburg, Virginia-based company looks for in an investment: Extraordinary business. Talented management.Great reinvestment opportunities and histories. When Akre, founded by CEO Charles T. “Chuck” Akre, finds a business that satisfies all three of its requirements, it is referred to as a “compounding machine.”

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Citadel Celebrates Banner Year at Disney as Wall Street Nurses Losses (Reuters)
For much of Wall Street, trading this year has been like riding a wild roller coaster. For thousands of employees of Citadel and Citadel Securities, the hedge fund and trading business founded by Ken Griffin, last weekend was spent riding the real things. Griffin paid out of his own deep pockets for about 10,000 staff and their families to converge on Walt Disney World (DIS.N) in Florida for three days of celebrations in the Magic Kingdom and other theme parks, Citadel spokesman Zia Ahmed said.

AlbaCore Capital Raises $2.3bn for Its Third Private Lending Fund (Opalesque.com)
European credit specialist AlbaCore Capital Group has held a final close on its third flagship fund, AlbaCore Partners III Fund, on EUR 2.2bn ($2.3bn), surpassing its EUR 2bn target. The London-based alternative investment manager said in a media release that the re-up rate between AlbaCore Partners II and III was 96%. Including available leverage, AUM for Fund III totals approximately €2.4 billion. The new flagship fund – which also holds €200 million of leverage – invests in private deals such as leveraged buyouts as well as providing financing for companies when conventional debt market options are closed.