Hedge Fund and Insider Trading News: Brad Gerstner, Dmitry Balyasny, Steve Cohen, Regal Funds Management, Fullerton Fund Management, FC Capital, Herbalife Nutrition Ltd (HLF), and More

Regal Funds to Ttake on US Market (AFR.com)
The ink’s barely dry on Regal Funds Management’s agreement to acquire VGI Partners, and already the country’s busiest hedge fund manager appears to be thinking about other opportunities. True to form, the fast-moving Regal Funds is understood to be sending its local head of trading, young gun Campbell Chambers, to New York to begin to build the firm a US presence.

Dmitry Balyasny’s Firm Roars Back From Depths of 2018 Retreat (Bloomberg)
His hedge fund rose 7% through April as broader market slumped. Firm taking more institutional money, expanding macro strategy. There’s a shaft of snow and rock in the Grand Tetons called Corbet’s Couloir, where extreme skiers go to test their mettle and others line the precipice to watch. Dmitry Balyasny named his new equities operation Corbets Capital after that famous Wyoming run.

Steve Cohen’s Secret Weapon for the Mets: His Hedge Fund (LiveMint.com)
In the 18 months since billionaire hedge-fund manager Steve Cohen bought the New York Mets, the baseball world has wondered how the sport’s wealthiest owner would use his vast resources and financial acumen to fix a historically hapless organization. The answer was both simple and revolutionary: He brought his hedge fund to the Mets-literally.

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A Top Hedge Fund Manager Admits His Tech Mistakes and Says Recession Is Already Here (Barron’s)
A well-known technology hedge fund manager is licking his wounds and preparing for difficult times ahead. On Thursday, Altimeter Capital founder Brad Gerstner admitted he got the stock market wrong in 2022 and believes the economy is undergoing a slowdown. “If you owned growth stocks this year—like we did at Altimeter—you got your face ripped off,” he wrote on Twitter. “Markets moved fast—we moved too slow.”

ADDX, Temasek’s Fullerton partner to tokenize PE fund of funds (Opalesque)
Singapore-based private market exchange ADDX has partnered with Temasek subsidiary Fullerton Fund Management to list Fullerton’s private equity fund of funds (FOF) on its digital platform. The Fullerton Optimized Alpha Fund is a closed-end fund targeting 8% to 12% in returns per annum over its seven-year fund life, said a press release from Fullerton Fund Management Company, a subsidiary of Temasek, which is a Singaporean state holding company.