Ray Dalio Built the World’s Largest Hedge Fund. He Swears by These 5 Meeting Rules (Inc.com)
In Ray Dalio‘s book, Principles: Life and Work, the billionaire investor and founder of the largest hedge fund in the world, Bridgewater Associates, breaks down nearly everything he’s learned over the course of his career into a set of principles. Among these principles are a set of meeting rules that contain some tried-and-true methods for improving meetings in the workplace. The only problem is the book was released in 2018, and a lot has changed in the past four years. That’s why I’ve decided to revisit some of Dalio’s meeting principles and update them for the post-pandemic world, with new tools and best practices.
Activist Investor Dan Loeb Backs Off Pushing Disney to Sell ESPN (The Wall Street Journal)
Activist investor Dan Loeb signaled Sunday morning on Twitter that he is backing off his push to persuade Walt Disney to spin off its popular sports television network ESPN. The change of heart comes after Disney Chief Executive Bob Chapek said in media interviews at this weekend’s D23 Expo event – an annual gathering of Disney fans where the company announces new shows and films-that he has plans for ESPN to be a big growth engine and a large part of the company’s entertainment offerings.
Hedge-Fund Trader Shah Wins Denmark Extradition Fight (Bloomberg)
Hedge-fund trader Sanjay Shah, who was arrested in Dubai earlier this year, won’t be extradited to Denmark to face charges in connection with a $1.9 billion cum-ex case. A Dubai court ruled in favor of Shah on Monday, Bjoern Gercke, his German lawyer said without giving any more detail on the decision. Local media reported that Denmark lost on an administrative technicality.
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Hedge Fund CIO: “Illiquidity Is The New Leverage And Flows Are More Important Than Fundamentals” (NXTMine.com)
Hedge Fund CIO: “Illiquidity Is The New Leverage And Flows Are More Important Than Fundamentals”. By Eric Peters, CIO of One River Asset Management. La Haine: “Illiquidity is the new leverage and flows are more important than fundamentals,” said the CIO, one of our industry’s great thinkers. “This has been our framework for considering vulnerabilities in the post-2008 world,” he said. “Following the GFC, an intended consequence of successive rounds of quantitative easing was a shift of systemic risk from banks to the asset management industry,” he explained, the Fed’s $9trln balance sheet now bloated beyond comprehension, quantitative tightening accelerating, rates rising at an unprecedented pace.
Forester Capital Invests in Chepstow Lane’s flagship Fund (Hedge Week)
Forester Capital, an alternative investment platform, is to make a strategic investment into the flagship fund of Chepstow Lane Capital LLP, a European-focused, opportunistic credit manager. The fund is managed by Agata Dornan, who was most recently a portfolio manager at Soros Fund Management. Dornan will employ a fundamental approach to investing in performing, stressed, and special situations across corporate and financial credit. Dornan has over 20 years of experience investing in credit, both as an analyst and portfolio manager. Her deep experience investing across European credit allows her to identify and take advantage of mispriced opportunities across a broad universe of idiosyncratic event-driven ideas.
