Hedge Fund and Insider Trading News: Ken Griffin, King Street Capital Management, Marshall Wace LLP, Bridgewater Associates, GVA Asset Management, Morgan Creek Digital, Live Nation Entertainment Inc (LYV), Lions Gate Entertainment Corp. (LGF), and More

Kris Mastronardi to Join King Street as Global Head of Strategy (PRNewswire)
King Street Capital Management (“King Street” or “the Firm”), a leading global alternative investment firm, today announced that Kris Mastronardi will join the Firm as a Managing Director and Global Head of Strategy, based in New York. Mr. Mastronardi will report to Brian Higgins, King Street’s Co-Founder, Managing Partner and Co-Portfolio Manager. In the newly created role of Global Head of Strategy, Mr. Mastronardi will work closely with the Firm’s Management Committee to spearhead strategic growth opportunities, including partnerships and client solutions. He will also engage closely with the Firm’s Global Investment Committee on the Firm’s investment strategy and positioning.

Marshall Wace Partners to Share £720m Profits (Hedge Week)
Partners at Marshall Wace are to share profits of £720 million after the hedge fund’s algo-driven proprietary trading systems generated big gains during market volatility, according to a report by the Financial Times. The report cites a filing for the $60 billion firm’s results for the year to February as revealing that the profits came as turnover increased by 62 per cent to more than £1.5 billion.

Citadel’s Anniversary Extravaganza: Billionaire Ken Griffin Treats Employees to Disney World and a Coldplay Concert Amid a Stellar Year for the Hedge Fund (Business Insider)
Citadel has plenty of reasons to celebrate this year, and the hedge fund giant is doing it in style. This weekend, founder Ken Griffin treated Citadel and Citadel Securities’ employees and their partners and children to an all-inclusive weekend in Disney World. Some 10,000 people attended the event, and about a quarter were children. The billionaire, worth $32.3 billion by Forbes’ estimate, footed the bill for hotel, food, park tickets to the “happiest place on earth” as well as Universal Studios, and travel.

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Why This Crypto Hedge Fund Is Ignoring ‘Buy Signals’ And Prefers To Stay In Cash For Now (Forbes)
Dr. Matthew McBrady is the head of strategy at crypto hedge fund Strix Leviathan, where he advises on the firm’s trading and investment strategies and oversees future growth strategy. As an investor, McBrady most recently served as chief investment officer of BlackRock’s multi-strategy hedge fund, a $1.5 billion fund he helped build and run beginning in 2014.

Hedge Fund Veteran Mark Yusko Predicts Bitcoin Will Replace Gold, Unveils Massive BTC Price Target (The Daily Hodl)
A seasoned hedge fund manager says that Bitcoin (BTC) will eventually replace gold, and predicts the king crypto will hit a six-figure price tag. In a new interview with Stansberry Research, veteran hedge fund manager Mark Yusko of Morgan Creek Digital predicts that China will be the home of the next world reserve currency, but that Bitcoin (BTC) will replace it sooner after.