Hedge Fund and Insider Trading News: D.E. Shaw, John Paulson, Carl Icahn, Yacktman Asset Management, Evolution Capital Management, COMSCORE, Inc. (SCOR), SoFi Technologies, Inc. (SOFI), and More

Fidelity National Agrees to Review, Adds Director After D.E. Shaw Pressure (Reuters)
Fidelity National Information Services (FIS.N) on Thursday said it will undertake a strategic review and add a new director to its board after pressure from hedge fund D.E. Shaw Group. FIS also said it would speed up management changes, with Stephanie Ferris, who was scheduled to become CEO in January, taking over the top job on Friday and Gary Norcross, a 34-year FIS veteran who has been CEO since 2015, leaving the company.

In Hedge Fund Pay Dispute, a Portfolio Manager Denies Misconduct (Bloomberg)
A hedge fund manager involved in a multi-million dollar pay dispute with his former employer, Evolution Capital Management, denied claims by the company that he engaged in misconduct following revelations of a criminal investigation into improper block trading. Robert Gagliardi, who is based in London, and ECM have been embroiled in a legal fight that led to public disclosures about his involvement in a long-running probe by prosecutors in New York and federal regulators into coordinated buying and selling of big blocks of stock to influence prices.

3 Energy Stocks With High Dividend Yields That This Hedge Fund Is Buying (Benzinga)
Yacktman Asset Management founder Donald Yacktman was named Morningstar’s “Portfolio Manager of The Year” in 1991 and was awarded the “Portfolio Manager of the Year” by Mutual Fund Letter in 1994. In the third quarter of 2022, Yacktman initiated a new stake in these three energy stocks with solid yields. Pioneer Natural Resources Co (PXD) offers a forward dividend yield of 9.51% or $20.35 per share annually, making quarterly payments with an inconsistent track record of increasing its dividends.

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Off-Third: That New NYU Building Should Really be Named After Sarah Paulson Instead (Washington Square News)
Yesterday, hedge fund billionaire John Paulson gave a $100 million donation to NYU. His name will be plastered upon the university’s monolithic new building on Mercer Street. I have a better idea – there’s a different, far more interesting Paulson who deserves the glory of having thousands of half-asleep, unenthusiastic students pass under a wall bearing their name: Sarah Paulson. Yes, that one. Of the Ryan Murphy Cinematic Universe.

Everyone Wants to be an Activist Investor These Days. Insiders Like Carl Icahn Lay Out Why It’s Not as Easy as It Looks. (Business Insider)
Carl Icahn had a textbook strategy for the Nevada-based energy utility Southwest Gas Holdings. The legendary activist investor purchased almost 5% of the company’s shares in late 2021 and publicly assailed its leadership, winning four of its 11 board seats, the ouster of its chief executive, and an internal review that considered a sale of the utility. But what seemed like grist for a quick and lucrative exit hasn’t unfolded according to plan.