George Soros Picked Up Shares of Coursera, and You Should, Too (InvestorPlace)
I certainly don’t recommend mindlessly mimicking the trades of other people, even if they’re billionaires. However, one investing legend’s sizable stake in Coursera (NYSE:COUR) could prompt some folks to open a bullish position of their own in COUR stock. Not long ago, I strongly recommended buying Coursera as its share price had dropped to a buy zone. Unfortunately, Coursera’s shares have flat-lined since I made that bullish call. Still, that means that it’s still possible to start a new position or add to an existing one at a favorable price point.
Francisco Partners, Elliott Management Eye SonicWall Sale: Report (CRN)
Private equity firm Francisco Partners and activist hedge fund Elliott Management are preparing to sell platform security vendor SonicWall after nearly five years of ownership, PE Hub reported. The sale process is expected to launch later in June, and Francisco Partners and Elliott Management are being assisted by investment bank Morgan Stanley, which is providing financial advice on the sale process, according to PE Hub. SonicWall and Francisco Partners declined to comment, while neither Elliott Management nor Morgan Stanley immediately responded to CRN requests for comment.
Distressed Funds Target CMBS Debt in Revival of Crisis Playbook (Bloomberg)
As distressed real estate investors struggle to find enough properties to snatch up, at least two money managers think they’ve found an untapped source of troubled hotels, offices and retail space: commercial real estate bonds. Hedge fund Axonic Capital and startup Metamorphosis Hotel Capital Partners are picking apart commercial mortgage-backed securities as they hunt for bargains, according to people with knowledge of the funds’ strategies. The two have different plans for how to gain possession of the underlying assets, but their end goals are similar: to take control of, fix and flip ailing properties for significant profit.
Hedge Funds’ Biggest Names – from Dalio to Cohen to Englander – are Embracing Crypto. Here’s Where the Most Influential Managers Stand. (Business Insider)
Hedge funds like multi-strategy giants Millennium and Point72 are getting into crypto. The space, which was once dismissed by top managers, has become more accepted. There are still major holdouts, including Ken Griffin‘s Citadel. The hedge-fund world didn’t come running to cryptocurrencies. While some smaller funds embraced bitcoin and other digital currencies early on, the biggest names in the industry needed to warm up to the idea of investing in a completely new asset class.
From Inflation Denial to Inflation Panic (Hedge Nordic)
Stockholm (HedgeNordic) – Ahead of its shift in focus from precious metals to “green” metals, Atlant Precious turned in a solid performance in May. The precious metals-focused fund managed by Mattias Gromark advanced 10.7 percent last month to bring its 2021 performance into positive territory at 5.5 percent. “The market has shifted from inflation denial to inflation panic, or at least worries, so the fund had a strong run driven mainly by gold- and silver-related assets,” Gromark tells HedgeNordic. “Also, some of our new copper-related holdings had a good run,” he continues.
