New York Hedge Fund Takes Short Positions Against Irish Firms Kingspan and CRH (BusinessPost.ie)
Israel ‘Izzy’ Englander, the New York-based hedge fund manager, has been shorting the shares of a number of Irish companies including CRH and Kingspan in recent months, new Central Bank filings show. Englander’s hedge fund, Millennium International Management, recently declared two substantial shorts on the two companies, the filings reveal. The Kingspan short was against 0.5 per cent of the company’s shares, the size of which was around €65 million at the company’s current share price of just under €72.
Finance Icons Och and Dalio Stage Shakespearean Bids to Reclaim Hedge Fund Empires – Aaron Brown (BizNews.com)
In the world of finance, where power is usually ceded discreetly, two legendary hedge fund managers, Daniel Och and Ray Dalio, are embarking on a real-life Shakespearean drama in 2023. Unlike the traditional handover, they’re battling to reclaim their empires. Och backs a bid to reclaim his hedge fund throne, while Dalio seeks a return to Bridgewater’s helm. This saga reflects a throwback to the era of charismatic leaders in finance, and it begs the question: will more such battles unfold as aging titans approach retirement age? The legacy of hedge fund royalty hangs in the balance.
Millionaire Hedge Fund CEO Says He Mainly Hires People with no Background in Finance and Once Hiked a Worker’s Pay So He could Call Him at 1 a.m. (Business Insider)
The CEO of New York-based investment management firm Renaissance Technologies has said that when it came to hiring, he almost exclusively employed people with no background in finance. Peter Brown was speaking on an episode of the podcast “Exchanges at Goldman Sachs.” He said he found it easier to teach “mathematicians about the markets than it is to teach mathematics and programming to people who know about the markets.”
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Hedge Fund Farallon Leads Funding Round Valuing HiBob at $2.7 Billion (Bloomberg)
Farallon Capital Management led a funding round for human resources company HiBob at a valuation of $2.66 billion — compared with the $2.45 billion the company was priced at last year, according to people familiar with the matter. As part of the Series D deal, Farallon invested $100 million, while Alpha Wave Global and existing investors kicked in an additional $50 million, said the people, who asked not to be identified because the information is private.
Billionaire Ray Dalio Denies Report He will Return to Bridgewater (New York Post)
Billionaire Ray Dalio is denying a report he could return to Bridgewater, the giant hedge fund he left less than a year ago — a move that the report claims could trigger mass resignations across the firm. On Friday, the New York Times reported that less than a year after his departure, Dalio was weighing a return to Bridgewater to start a new fund within the giant investment firm as a way to bolster revenue.
