Billionaire Investor David Einhorn Just Revealed His Top 10 Holdings. Here’s Why the Hedge-Fund Chief Bought Each Stock — Plus Why He Likes Rivian More Than Tesla (Business Insider)
David Einhorn enjoyed a strong fourth quarter as his hedge fund Greenlight Capital outperformed the S&P 500’s 11% gain by returning 18.6%, according to the billionaire investor’s latest 13F filing. Einhorn also revealed he’d bought 1,000 put contracts against Tesla shares and shared his analysis of some of the fund’s top holdings in a letter to Greenlight’s investors.
Brevan Howard’s Broad Hiring Spree Continues (eFinancialCareers.com)
Do you work for a bank? Hedge fund Brevan Howard may hire you. Do you work for a rival hedge fund? Brevan Howard may hire you. Do you work for a major consulting firm? Brevan Howard may hire you. Do you work in crypto and high frequency trading? Brevan Howard may hire you too. Brevan Howard is hiring from right across the piste. The latest new recruit to arrive is Mitesh Gupta, the head of flow credit at HSBC, who was said to be joining last year and who presumably couldn’t be bothered to wait around to see whether his bonus was up 10% as recently promised.
Rubric Takes a Big Stake in Hertz (Institutional Investor)
Here’s where one-time Institutional Investor Rising Star and SAC alum David Rosen is finding deep value. David Rosen isn’t exactly a credit and distressed-debt specialist. Yet the one-time II Hedge Fund Rising Star has emerged as the fourth-largest shareholder of Hertz Global Holdings, the recently reorganized car rental giant. Rosen’s Rubric Capital Management disclosed that it owns roughly 9.9 million shares of the car rental giant, or…
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Top 15 Hedge Fund Managers Earn $15.8 Billion Last Year (The Street)
Top 15 hedge fund manager earnings drop to $15.8 billion in 2021 compared to $23 billion for 2020, as volatility in stocks and bonds limit performance. It’s getting rough out there for hedge fund managers. The 15 most highly-paid in the industry earned “only” $15.8 billion, down from $23 billion in 2020, according to Bloomberg’s rankings.
Icahn Documentary Shows the Laughs as Well as the Ruthlessness (Bloomberg)
Hi, it’s Scott in New York. For today’s Bloomberg Deals newsletter, I got a sneak peak of a new documentary that offers some answers to those long-pending questions about how the son of a cantor from Queens became the Carl Icahn the world knows—and often fears. Today’s top stories: In the years that I’ve reported on Carl Icahn’s pitched Wall Street battles, he’s made me laugh harder than just about anyone in my professional circle, and made me bang my head on my desk, too. He’s pushy and demanding and loves a fight—but ultimately is steadfast in his beliefs.
BlueBay Prices Inaugural US Public CLO and Third European CLO (Hedge Week)
RBC Global Asset Management’s specialist fixed income manager, BlueBay Asset Management, has proved its third European CLO, BBAM European CLO III DAC, and its inaugural public US CLO, BBAM US CLO I. The European CLO will issue EUR408.15 million notes arranged and placed with a syndicate of leading international institutional investors, by Citigroup Global Markets Limited. The transaction is expected to close on 25 March, 2022.
