Hedge Fund Billionaire Chris Rokos Who Made £509 million Last Year Seeks ‘iPad Butler’ to Help His Family Look After Their Apple Phones, Tablets and Other Gadgets (DailyMail.co.uk)
Have you ever taught your grandparents how to use an iPad? Are you the go-to troubleshooter when the home Wi-Fi goes down? If the answer to either of these questions is yes, there could a job for you at one of Britain’s top hedge funds. Rokos Capital Management, owned by secretive British billionaire Chris Rokos, 52, is seeking a ‘VIP Support Engineer’ for one of its ‘senior board members’ and their family.
Hedge Fund Sees Further Sterling Weakness After Bank of England’s Record Rate Hike (Financial News)
A London-based hedge fund is expecting the pound to fall further amid rising inflation and a gloomy economic forecast. The pound extended its losses on 3 November after the Bank of England warned of the longest recession in nearly 100 years. UK inflation topped 10.1% in September.
American Billionaires Spent a Record $880 million on the U.S. Midterm Elections (CNBC)
The top donor so far is George Soros, who has contributed over $128 million to the midterms. The second largest billionaire donor was Richard Uihlein, the Wisconsin shipping-supply magnate, and his wife Elizabeth, who have contributed $67 million to Republican candidates. Hedge-fund billionaire Ken Griffin, who is becoming increasingly active in GOP politics, was the third largest billionaire political funder. America’s billionaires spent a record $880 million on the U.S. midterm elections so far, with most of their spending favoring Republicans, according to a new report.
Top Hedge Fund Firm: ‘Dishonest’ Officials Set World On Path To ‘Hyperinflation,’ ‘Societal Collapse’ Possible (DailyWire.com)
One of the world’s largest and most influential hedge funds is warning that “dishonest” policymakers have set the world on the path to potentially the worst period of hyperinflation in modern history, which could result in “societal collapse.” Elliott Management, a Florida-based firm founded by billionaire Paul Singer, said in a letter this week that an extraordinary set of rash policies during the coronavirus pandemic have “made possible a set of outcomes that would be at or beyond the boundaries of the entire post-WWII period.”
Hedge Fund Founder Och Refutes Sculptor Board Statement (Hedge Week)
Dan Och, the billionaire founder of hedge fund Sculptor Capital Management, which was formerly known as Och-Ziff Capital Management, has rubbished comments made by the firm’s board in defence of current chief executive officer Jimmy Levin. The recent board statement claimed Och knew Harvard University had “exonerated” Levin over an accusation of sexual assault made two decades ago. But in a regulatory filing made on Thursday Och wrote that he had never seen any report from Harvard and had made clear his concerns about the accusation to the board “at the time” and in “subsequent meetings when the issue arose. These facts are reflected in the company’s records.”
Massive Insider Trade At Align Tech (Benzinga)
Joseph M Hogan, President and CEO at Align Tech (ALGN), reported a large insider buy on November 3, according to a new SEC filing. What Happened: A Form 4 filing from the U.S. Securities and Exchange Commission on Thursday showed that Hogan purchased 10,600 shares of Align Tech. The total transaction amounted to $1,998,987.
Insider Selling: Keurig Dr Pepper Inc. (NASDAQ:KDP) Chairman Sells 275,000 Shares of Stock (The AM Reporter)
Keurig Dr Pepper Inc. (NASDAQ:KDP) Chairman Robert James Gamgort sold 275,000 shares of Keurig Dr Pepper stock in a transaction dated Tuesday, November 1st. The shares were sold at an average price of $38.40, for a total value of $10,560,000.00. Following the completion of the sale, the chairman now directly owns 3,703,186 shares in the company, valued at approximately $142,202,342.40.
