Covid-19 Caused Chaos for Investors in 2020. These Hedge Funds Earned Billions. (The Wall Street Journal)
For little-known hedge-fund manager Jim Davis, 2020 is a career-defining year. The one-time analyst for famed hedge-fund manager Julian Robertson Jr. came into the year managing $675 million at his Woodson Capital Management. That ballooned to about $1.7 billion by the end of November after bets he made against bricks-and-mortar retailers and on e-commerce firms hit pay dirt. His returns soared more than 100% for the year through October and he remains up over 90% through November.
Anthony Scaramucci’s SkyBridge Hedge Fund Just Invested $25 million in a Bitcoin Fund as it Sees an ‘Avalanche of Institutional Investors’ Buying Crypto in 2021 (Business Insider)
The latest institutional investor to dive into bitcoin is SkyBridge Capital, Anthony Scaramucci‘s hedge fund. The $9.3 billion firm filed an SEC form D on Monday to launch the “SkyBridge Bitcoin Fund L.P.” Scaramucci told CNBC that the fund started trading on Tuesday with $25 million of SkyBridge’s funding, and will go live to outside investors who can invest a minimum of $50,000 on January 4.
Logistics Start-Up, Delhivery Bags $25M Funds from Steadview Capital (TechStory.in)
Delhivery is one of the largest leading courier and delivery services or logistics company in India. Most recently, the Gurugram-based start-up has announced to raise USD 25 million funding in Secondary Market transaction from Steadview Capital, a Hong Kong-based alternative asset management company. According to reports, the Hong Kong-based hedge fund company has bought secondary shares worth INR 183 crore which converts to USD 25 million in Delhivery ahead of the logistics supply chain services company’s long-awaited planned Initial Public Offering (IPO) which is subsequent to happen in the next 12 to 15 months.
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U.S. Hedge Fund Farallon Joins Top Toshiba Shareholder in Call for EGM (Reuters)
TOKYO (Reuters) -U.S. hedge fund Farallon Capital Management said on Friday it has asked Toshiba Corp to convene an extraordinary shareholders meeting over the firm’s investment strategy, the second call for an EGM in a week by major Toshiba investors. Farallon, which owns a stake of more than 5% in Toshiba, joins top shareholder Effissimo Capital Management, which has a 9.91% stake, in calling for an emergency meeting.
Crypto Investor Novogratz Hopes for ‘Open-Minded’ Regulators in Biden Administration (CNBC)
Despite a Trump administration proposal to crack down on cryptocurrency activity, bitcoin has kept its shape in a sign of the bull market’s strength, Galaxy Digital founder Michael Novogratz told CNBC. “This is anti-dollar … and it’s anti-innovation. It’s going to push a lot of the cool stuff that’s happening in crypto offshore,” he said on “Squawk Box.” “I’m hoping, you know – we get a change of the guard in 20 days – I’m hoping we can get some more open-minded regulators,” he said.
Twilio Inc (TWLO) CEO Jeff Lawson Sold $18 million of Shares (Guru Focus)
CEO of Twilio Inc, Jeff Lawson, sold 49,500 shares of TWLO on 12/21/2020 at an average price of $363.78 a share. The total sale was $18 million. Twilio Inc provides a cloud communications platform that enables developers to build, scale and operate communications within software applications through the cloud as a pay-as- you-go service.
Top Investors, Including Bain and Index Ventures, Say they’re Expecting Big Exit Events Among Fintechs in 2021 (Business Insider)
Fintechs have come of age in 2020, seeing massive growth and adoption. There’s also no shortage of funding. Private funding has surged with a record number of mega-rounds – $100 million and above — this year, according to a recent report from CBInsights. Some fintechs, like Affirm and Marqeta, are even gearing up for IPOs. And investors don’t see the market cooling down any time soon.
World’s Biggest Crypto Hedge Fund Bitcoin Holdings Stand at 588,970 (NairaMetrics.com)
The world’s biggest crypto hedge fund, Grayscale, just added more than 10,000 Bitcoin to crypto holding in a single day, bringing the total number of Bitcoins under its management to 588,970. Data retrieved from crypto futures analytic platform, Bybt, shows Grayscale had 576,650 Bitcoins as of December 21st, 2020. The amount surged to 588,970 BTCs a day later, an increase of about 12,320.
The Chairman of HIVE Blockchain Technologies (Other OTC: HVBTF) is Selling Shares (Analyst Ratings)
Yesterday, the Chairman of HIVE Blockchain Technologies (HVBTF), Frank Edward Holmes, sold shares of HVBTF for $26.64M. In addition to Frank Edward Holmes, one other HVBTF executive reported Sell trades in the last month.
Thursday 12/24 Insider Buying Report: CMPI, EAD (Nasdaq.com)
At Checkmate Pharmaceuticals, a filing with the SEC revealed that on Tuesday, Chief Scientific Officer Arthur M. Krieg bought 5,103 shares of CMPI, at a cost of $14.64 each, for a total investment of $74,708. Checkmate Pharmaceuticals is trading off about 0.9% on the day Thursday. And at Wells Fargo Advantage Income Opportunities Fund, there was insider buying on Tuesday, by Christopher M. Lee who bought 8,750 shares at a cost of $8.04 each, for a total investment of $70,350. Before this latest buy, Lee made one other purchase in the past twelve months, buying $80,700 shares for a cost of $8.07 each. Wells Fargo Advantage Income Opportunities Fund is trading up about 1% on the day Thursday. Lee was up about 1.2% on the buy at the high point of today’s trading session, with EAD trading as high as $8.14 in trading on Thursday.
Facebook Inc (FB) COB and CEO Mark Zuckerberg Sold $12.2 million of Shares (Guru Focus)
COB and CEO of Facebook Inc, Mark Zuckerberg, sold 44,750 shares of FB on 12/21/2020 at an average price of $271.74 a share. The total sale was $12.2 million. Facebook Inc is the world’s largest online social network. Its products are Facebook, Instagram, Messenger, WhatsApp, and Oculus. Its products enable people to connect and share through mobile devices and personal computers.
