Short Seller Chanos Who Exposed Enron Fraud Starts Hedge Fund With Daily Liquidity (Bloomberg)
Famed short seller Jim Chanos is offering European investors access to his bearish bets. Chanos, who put successful short bets on companies such as Enron and Wirecard AG, has joined up with London-based Green Ash Partners to launch an equity long/short hedge fund. The fund began trading this month with about $20 million of internal capital, according to a statement.
Here’s How to Get a Job at Billionaire Izzy Englander’s Millennium, from the Programing Language to Know to the Interview Questions to Prep For (Business Insider)
Millennium Management, which houses multiple trading pods across the globe, is looking for more than 100 engineers and developers to help expand its footprint in top technology hubs. Izzy Englander‘s $57 billion fund is just one of many quant shops battling it out with the finance industry and top tech companies for hot talent.
Joakim Hannisdahl Parts Ways with Cleaves (Hedge Nordic)
Stockholm (HedgeNordic) – Analyst-turned-hedge fund manager Joakim Hannisdahl has left the Cleaves Securities-backed asset management firm he co-founded and led as CEO due to “irreconcilable differences” with the Cleaves head office, according to TradeWinds. Hannisdahl co-founded Cleaves Asset Management to run the shipping-only hedge fund Cleaves Shipping Fund, which returned close to 30 percent in U.S. dollars since its launch in October of last year through the end of August 2022.
Hedge Funds See $26 bln in Net Outflows in Q3 – HFR (Reuters)
Global investors redeemed $26 billion from hedge funds in the third quarter, in the second consecutive quarter of net asset outflows, industry data provider HFR said on Thursday. In the year, investors pulled out $33.7 billion from hedge funds worldwide, HFR showed, as poor performance has spooked pension funds, endowments and family offices. The HFRI fund-weighted composite index is down 6.66% this year through September, as portfolio managers struggle to navigate highly volatile markets.
Persistency in Alternative Asset Strategies: Private Equity Funds of Funds (Preqin)
Investing in the alternatives market can be tricky. Knowing whether to rely on past performance to make decisions about future investments is even trickier. In this six-part series, we explore performance persistency across different alternative asset strategies. The third report in the series investigates private equity funds of funds. Can their past performance serve as a guide to future performance?
Hedge Fund Manager on Why Investors Hiding in U.S. Markets is a Bad Bet (BNN Bloomberg)
Barbara Ann Bernard, CEO and CIO of Wincrest Capital, joins BNN Bloomberg, to discuss the US market being expensive and how investors could benefit more from finding companies that operate in emerging markets. She also discusses what kind of aspects investors need to take into consideration when shorting stocks.
Thursday 10/20 Insider Buying Report: GABC, RCG (Nasdaq.com)
On Saturday, German American Bancorp (GABC)’s , Jack Sheidler, made a $1,806 purchase of GABC, buying 48 shares at a cost of $37.62 each. So far Sheidler is in the green, up about 1.9% on their buy based on today’s trading high of $38.35. German American Bancorp is trading off about 0.9% on the day Thursday. Before this latest buy, Sheidler bought GABC at 7 other times during the past twelve months, for a total cost of $45,977 at an average of $36.64 per share. And at Renn Fund (RCG), there was insider buying on Monday, by CEO Murray Stahl who purchased 542 shares at a cost of $2.13 each, for a trade totaling $1,154. Before this latest buy, Stahl bought RCG on 245 other occasions during the past year, for a total investment of $541,559 at an average of $2.27 per share. Renn Fund is trading up about 0.5% on the day Thursday. So far Stahl is in the green, up about 2.8% on their purchase based on today’s trading high of $2.19.
Around $60 Million Bet On DICE Therapeutics? 3 Stocks Insiders Are Buying (Benzinga)
DICE Therapeutics: The Trade: DICE Therapeutics, Inc. (DICE) Director Rajeev Shah acquired a total of 1,640,000 shares an average price of $36.50. To acquire these shares, it cost around $59.86 million. Rocket Companies: The Trade: Rocket Companies, Inc. (RKT) CEO Jay Farner bought a total of 86,800 shares at an average price of $6.90. To acquire these shares, it cost around $599.27 thousand.
