Hedge Fund and Insider Trading News: Ken Griffin, Ray Dalio, Melvin Capital Management, Roscan Gold Corp (RCGCF), Teledyne Technologies Incorporated (TDY), and More

Citadel Silver Holding Exposes Rifts in WallStreetBets Army (Bloomberg)
Ken Griffin’s Citadel has once again found itself at the center of a WallStreetBets drama, this time over the firm’s holdings of silver. The precious metal has become a popular buying target for retail investors keen to inflict losses on hedge funds, after posts on WallStreetBets claimed the market was ripe for a short squeeze. Yet some members of the Reddit forum have responded with pleas to avoid the trade, saying Citadel stands to benefit as a major holder of the largest silver exchange-traded fund.

Ray Dalio Warns Janet Yellen About Perils of a Weaker Dollar (AI-CIO.com)
Ray Dalio hopes Treasury Secretary Janet Yellen will steer clear of many pitfalls. Among them? Trusting that the US dollar will remain the world’s reserve currency, a warning many investors have already been sounding after the dollar lost value this past year. “I think the United States has gotten used to being the world’s reserve currency, which meant that they think that whatever we can sell the rest of the world, the world will buy and we’re not subject to constraints or that dynamic, so that concerns me a bit,” Dalio told the Washington Post on Friday.

Hedge Fund Manager Hit in GameStop Frenzy is Developing $44M Miami Mega-Mansion (Fox Business)
The hedge fund manager hit hardest by the GameStop trading frenzy is in the middle of a major redevelopment of a $44 million mega-mansion in Miami – despite his company losing $4.5 billion in the mania, according to a report. Short-seller Gabe Plotkin’s Melvin Capital Management lost 53 percent in January – ending the month with $8 billion in assets, down from roughly $12.5 billion – largely because of online trading propelled by the Reddit forum r/WallStreetBets.

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Hedge Fund Lobby Scolds those ‘Clapping with Glee’ at Losers in GameStop Frenzy (Financial News)
The chief executive of the London-based body that represents the interests of the global hedge fund industry warns it will be retail investors who will be nursing heavy losses once the dust has settled in the GameStop frenzy. Jack Inglis, who oversees the Alternative Investment Management Association — whose members manage more than $2tn collectively – wrote in a letter to members that “some retail investors who have been late to this party are very likely to end up getting hurt”.

Renaissance Quant Fund Slumps 9.5% in January Stock Upheaval (Bloomberg)
A Renaissance Technologies stock fund slumped in January, adding to the quant-investment giant’s woes after it suffered heavy losses in pandemic-hit markets. The Renaissance Institutional Equities Fund fell 9.5% in the month, according to people with knowledge of the matter, who asked not to be identified because the information is private. That follows a 20% loss last year for the fund, which is the largest of three that the firm sells to outside investors.