David McCormick, Hedge Fund Chief, Joins Pennsylvania G.O.P. Senate Fray (The New York Times)
David McCormick, the former chief executive of Bridgewater Associates, the world’s largest hedge fund, filed paperwork to run for the Senate in Pennsylvania as a Republican on Wednesday, entering a crowded but unsettled field in what is likely to be one of the most hotly contested midterm elections.
Hedge Fund Manager Welton Sells Minority Stake to Nile Capital (Pensions&Investments)
Hedge fund manager Welton Investment Partners sold a minority stake to Nile Capital Group Holdings. Terms of the transaction, which was completed Dec. 15, are not being disclosed, said Christopher Keenan, Welton’s director of marketing, in an interview.
Where Hedge Fund Billionaire Ken Griffin Is Donating Ahead Of The 2022 Midterms (Forbes)
Citadel billionaire Ken Griffin has donated $2.4 million to federal campaigns and committees ahead of the 2022 midterms, according to a review of Federal Election Commission data. An unthinkable sum for most Americans, it’s a drop in the bucket for Griffin, who saw his estimated net worth soar $5 billion to an estimated $26.5 billion earlier this week, after two venture capital firms invested in his hedge fund.
Photo by Austin Distel on Unsplash
Hedge Fund Manager Gives Tips for Trading Apple, Other Big Tech Stocks Right Now (CNBC)
David Neuhauser, chief investment officer at Chicago-based hedge fund Livermore Partners, has given his verdict on what investors should be doing with Big Tech stocks right now, as the sector experiences some of the heaviest selling its seen in a decade.
Hedge Fund Sector Closes Out 2021 with 1.58 per cent December Gain (Hedge Week)
The global hedge fund sector returned +1.58 per cent in December, bringing the aggregate return for the industry for 2021 to +10.00 per cent, according to the December and year-end 2021 eVestment hedge fund performance data. Almost 80 per cent of funds reporting to eVestment posted positive results for the year, with the average positive return coming in at +15.55 per cent. For the small minority of funds that landed in the red for performance in 2021, the average return was -7.32 per cent.
Commodity Trader King Eyes $200 Oil After Record Hedge Fund Gain (Bloomberg)
A hedge fund run by commodities trader Doug King posted a record return last year, thanks to soaring energy, food, power and freight prices. King’s $244 million Merchant Commodity Fund gained 74%, beating its previous best of 59% in 2014, according to an investor letter seen by Bloomberg.
Hilbert’s First Joint Fund Launch (Hedge Nordic)
Stockholm (HedgeNordic) – Digital assets-focused investment firm Hilbert Group has launched a systematic quant-driven crypto fund in a joint venture with Hong Kong-based strategic advisory firm Oracle Strategies Limited. Hilbert Syrius Bit+ Fund uses a mix of artificial intelligence-assisted trend-following and mean-reversion strategies on a small basket of leading altcoins, predominantly Bitcoin and Ethereum.
‘Tiger Cub’ Performance was a Mixed Bag this Year. Inside Hedge Fund Returns from Viking Global to Coatue Management. (Business Insider)
Tiger Cubs Viking Global and Coatue Management saw mixed performance last year. Andreas Halvorsen‘s Viking Global, which managed $48 billion in capital as of September 30, 2021, ended 2021 with a 4% loss, according to sources familiar with the tech-focused firm’s performance.
Wednesday 1/12 Insider Buying Report: RLYB, ZYME (Nasdaq.com)
On Friday, Rallybio’s Jeffrey M. Fryer, made a $94,069 buy of RLYB, purchasing 10,000 shares at a cost of $9.41 a piece. So far Fryer is in the green, up about 19.5% on their buy based on today’s trading high of $11.24. Rallybio is trading off about 2.7% on the day Wednesday. And at Zymeworks, there was insider buying on Friday, by Chief Medical Officer Neil Josephson who purchased 5,000 shares at a cost of $14.28 each, for a total investment of $71,386. This purchase marks the first one filed by Josephson in the past twelve months. Zymeworks is trading up about 0.2% on the day Wednesday. So far Josephson is in the green, up about 6.6% on their purchase based on today’s trading high of $15.22.
Senior Vice President of Worldwide Sales & Customer Excellence Richard Mahoney Just Sold A Bunch Of Shares In ANSYS, Inc. (NASDAQ:ANSS) (SimplyWall.st)
Some ANSYS, Inc. (NASDAQ:ANSS) shareholders may be a little concerned to see that the Senior Vice President of Worldwide Sales & Customer Excellence, Richard Mahoney, recently sold a substantial US$3.7m worth of stock at a price of US$390 per share. Probably the most concerning element of the whole transaction is that the disposal amounted to 69% of their entire holding.
