Hedge Fund and Insider Trading News: Crispin Odey, Dan Niles, Melvin Capital Management, Archegos Capital, Marshall Wace LLP, Energy Recovery, Inc. (ERII), and More

Flagship Odey Hedge Fund Fell 7% in June as Inflation Bets Waned (Bloomberg)
Crispin Odey’s flagship hedge fund lost 6.8% in June as the firm struggles to replicate its stellar first quarter. The dip at the Odey European Inc. fund came after bets on inflation reaped gains in the first three months of the year, according to an investor document seen by Bloomberg. That included a 38% return in February when highly leveraged bets against government bonds paid off.

Credit Suisse Adds Risk Role to Prevent Another Archegos (The Wall Street Journal)
Credit Suisse Group AG took fresh steps to tackle its risk management in the wake of the $5.5 billion loss from family office Archegos Capital, with the creation of a new role that will police the effect of market moves on clients’ trading positions. The new function, called counterparty market risk, will be headed by Amélie Perrier, according to a staff memo. She had been the global head of equity market risk and joined Credit Suisse in 2016.

Viking’s Top Fund Surged in the Second Quarter (Institutional Investor)
The Tiger Cub’s hybrid fund gained 22.2 percent in just three months. Viking Global Investors’ bets on private companies propelled its hybrid fund in the second quarter. Viking Global Opportunities surged 22.2 percent in the second quarter and is now up 19.8 percent for the year, according to an investor, further distinguishing it as Viking’s top hedge fund.

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Marshall Wace Gears Up for Big Entry into the Crypto Space (Investing.com)
London-based hedge fund Marshall Wace has disclosed its intention to delve into the crypto investment space. With $55 billion in assets under its management (AUM), the hedge fund is undoubtedly one of the big players on the block. The company is looking to invest in blockchain technology and payment systems for digital currencies and stablecoins. Furthermore, Wace is reportedly targeting relevant privately-owned crypto companies to partner with, in view of launching its first crypto portfolio. That being said, Wace previously invested in Circle, the project behind the USDC stable coin.

Hedge Fund Manager Dan Niles Says He’s Tempted to Buy Chinese Tech Stocks – Here are 2 of His Favorites (CNBC)
Hedge fund manager Dan Niles does not own any Chinese technology stocks right now — but he said the recent plunge in prices due to a crackdown from China has made him “a little tempted” to buy again.