These Are The Top Ten Stock Holdings Of Julian Robertson (Entrepreneur.com)
Julian Robertson is an investor and former hedge fund manager. Robertson helped pioneer the modern-day hedge fund industry, and thus, is often referred to as the “father of hedge funds.” He founded Tiger Management in 1980, turning an initial investment of $8 million into more than $22 billion by the late 1990s. In 2000, Robertson closed the fund for outsiders, and now Tiger Management primarily manages Robertson’s personal wealth. Let’s take a look at the top ten stock holdings of Julian Robertson.
Ray Dalio’s Bridgewater Raises $1.25 Billion for Its Largest China Fund Yet (The Wall Street Journal)
Bridgewater Associates LP has raised the equivalent of $1.25 billion for its third investment fund in China, according to a person familiar with the matter, catapulting the hedge-fund firm into the ranks of the biggest foreign managers of private funds in the world’s second-largest economy. Founded by longtime China bull Ray Dalio, Bridgewater began rolling out private funds in the country in 2018 after a wholly owned unit of the American asset manager was awarded a license to raise money from high-net-worth individuals and institutional investors in China and invest it…
Hedge Fund Billionaires Like Paul Tudor Jones Stand to Make Out Like Bandits if Rising Prices Persist. Here’s Why. (Business Insider)
Hedge fund billionaires like Paul Tudor Jones are poised to be big winners as institutional investors start freaking out over inflation. But that won’t likely happen until next year. According to Rishabh “Rish” Bhandari, a Capstone Investment Advisors executive, pensions, endowments and other large investors are very concerned about the effect of inflation, which saw its steepest surge in 31 years last month when the rate jumped to 6.2%. But they have been resistant to protecting their portfolios, he said, because the Federal Reserve predicts that skyrocketing prices on everything from cars to meat will prove “transitory”.
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Mets Owner Steve Cohen Puts Pitcher’s Agent On Blast Over Shady Negotiation Tactics (Brobible.com)
In 2020, fans of the New York Mets saw a decades-long nightmare finally come to an end when much-maligned owner (and Bernie Madoff victim) Fred Wilpon sold the franchise to hedge fund manager Steve Cohen for $2.4 billion. The team may have not magically turned things around immediately after the transaction, but Cohen has still done what he can to get into the good graces of Mets supporters thanks in no small part to the transparency he’s brought to the table by frequently sharing his thoughts about the team on Twitter.
Archegos Collapse Revealed ‘Weaknesses’ in Global Banks, Fed Says (Bloomberg)
The collapse of Archegos Capital Management revealed vulnerabilities at the banks supervised by the Federal Reserve, the U.S. central bank said in a report released Wednesday. “The event has so far revealed weaknesses in margin practices and counterparty risk management at some firms,” the Fed said in its twice-yearly supervision report, also noting the importance of coordinating with other global regulators in activities that cross borders. The Fed’s Archegos review isn’t yet finished, and the agency said it will be notifying individual firms on “areas of weak practices.”
How Hedge Fund Managers Can Meet Today’s Data Challenge (Hedge Week)
The best practices to intelligently collect and deploy accurate structured and unstructured data to minimise risks and drive investment success. By Stephen Hixon – In the highly competitive hedge fund community, the most productive use of information and data drives success. Managers must efficiently collect and process data to ensure its accuracy. The old saying, “GIGO” (garbage in-garbage out) is a constant risk. This is particularly true when it comes to unstructured data that is increasingly used in investment analysis and required for accurate investment recordkeeping. Structured data is generally easy to find and analyse, residing in databases, spreadsheets, formatted documents and the like.
Hedge Fund Set for Tax Breaks in Shift to Vegas Opportunity Zone (Bloomberg)
James Rosenwald, a veteran Los Angeles money manager, set up shop in a low-income neighborhood in Nevada to tap a lucrative tax break considered off limits to most Wall Street firms. Dalton Investments, the hedge fund firm he cofounded with childhood friend Steven Persky, took a series of steps to establish itself in an opportunity zone in Las Vegas, according to an October regulatory filing. Opportunity zones, created in 2017 under then-President Donald Trump’s tax overhaul, offer relief from taxes on certain capital gains to those who invest in distressed communities.
Rivian’s IPO Enriched Hedge Fund Third Point (Barron’s)
The Financial Times reported that Dan Loeb’s hedge fund Third Point has made hundreds of millions of dollars on its stake in electric-truck startup Rivian Automotive. Early investors making a mint isn’t all that surprising. But it does show the benefits of being a well-placed institutional investor. Third Point has made an estimated profit of as much as $300 million, according to the report. It isn’t clear if that is a realized gain – if Third Point has sold or is still holding Rivian (RIVN) shares. Third Point wasn’t immediately available to comment.
Elon Musk Sells Another $1B Worth Of Tesla Shares (Benzinga)
Tesla Inc (TSLA) CEO Elon Musk sold $1 billion worth of the automaker’s shares on Tuesday, as per filings made with the U.S. Securities and Exchange Commission. What Happened: The filings, made Tuesday, reveal that Musk exercised options to purchase 2.15 million stock options at $6.24 each and sold 934,091 shares. Tesla shares closed at $1,109.03 a share on Tuesday, which would value the sale at $1.03 billion.
A Director at Precigen (NASDAQ: PGEN) is Buying Shares (Analyst Ratings)
Yesterday, a Director at Precigen (PGEN), Randal Kirk, bought shares of PGEN for $3.63M. This recent transaction increases Randal Kirk’s holding in the company by 1.61% to a total of $232 million. The company has a one-year high of $11.10 and a one-year low of $3.42. PGEN’s market cap is $750 million and the company has a P/E ratio of -6.30. The Company has a Price to Book ratio of 36.77.
Los Gatos Banker Faces New Charges In Insider Trading Scheme (Patch.com)
LOS GATOS, CA — The U.S. Attorney’s office has filed more criminal charges against Mounir Gad, a former Silicon Valley Bank vice president who pleaded guilty to two counts of securities fraud in June as part of an insider trading scheme orchestrated with a friend from 2015-2016. In a federal courtroom Tuesday in San Jose, prosecutors added document tampering, identity theft and criminal contempt to the charges against the 35-year-old Gad, of Los Gatos.
