Blockchain Firm ConsenSys Raises $200 Million from HSBC, Third Point (Reuters)
LONDON, Nov 17 (Reuters) – Blockchain technology firm ConsenSys said on Wednesday it had raised $200 million, at a valuation of $3.2 billion, from investors including HSBC (HSBA.L) and U.S. hedge fund Third Point.
Guggenheim, Baupost Stick With Ackman’s SPAC (Institutional Investor)
The biggest investors in Bill Ackman’s special purpose acquisition company, Pershing Square Tontine Holdings, held on to most of their shares last quarter, even as the stock tumbled after the Securities and Exchange Commission nixed the SPAC’s plans to invest in Universal Music Group and Tontine was hit with an investor lawsuit. Guggenheim, Tontine’s top investor with 22 million shares, is one that stood pat. It owns 11 percent of the SPAC, making Tontine its third-largest publicly traded equity position, according to its latest 13F filings with the SEC.
Greenland Capital, a New Fund from Billionaire Izzy Englander’s Son, is Hoping to Raise More Than $1 Billion (Business Insider)
The son of billionaire Israel Englander is gearing up to raise more than $1 billion for his new hedge fund with a little help from his famous dad. Michael Englander’s Greenland Capital is expected to have at least 10 portfolio managers trading fundamental equity books when the new fund launches sometime next year. The firm is getting as much as $300 million in starting capital from a group led by Englander’s father, billionaire Millennium founder Izzy Englander, and hopes to raise more than $1 billion, sources tell Insider.
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Ray Dalio’s Bridgewater is Reportedly Looking to Raise $469 Million in New China Fund (CNBC)
BEIJING — American hedge fund manager Ray Dalio is launching a new China fund through a local subsidiary, according to a report in China’s Securities Times, citing sources. The fund aims to raise more than 3 billion yuan ($468.8 million), according to the report on Tuesday. Dalio’s Bridgewater Associates is the largest hedge fund in the world, with $223 billion in assets under management as of a July 9 filing with the U.S. Securities and Exchange Commission. Over half, or nearly 59%, of those assets belonged to non-U.S. clients, according to the document.
Borea and Proxy Together Victorious (Hedge Nordic)
Stockholm (HedgeNordic) – Two Nordic hedge fund managers have brought home awards from this year’s HFM EuroHedge Emerging Manager Awards. From the list of 15 Nordic nominees, Norwegian Borea Høyrente and Swedish Proxy Renewable Long/Short Energy won their respective categories at the award ceremony at Clothworkers Hall in London on November 16. HFM EuroHedge Emerging Manager Awards seek to honor the best performing smaller and recently launched hedge funds in Europe. The nominees and winners are selected based on a combination of annualized returns and Sharpe ratios over the 12 months through mid-2021. The minimum fund asset size for inclusion at the HFM EU Emerging Manager Awards is $20 million and the maximum fund asset size is $500 million.
