Hedge Fund Boss Eyes $153 Million London Fixer-Upper Penthouse (Bloomberg)
Suneil Setiya, the co-founder of quant investing firm Quadrature Capital, is in talks to purchase a penthouse in London’s luxury One Hyde Park development for about 110 million pounds ($153 million), according to two people with knowledge of the transaction. Setiya is buying the home from Hasan Ismaik, the former chief executive officer at Dubai-based construction company Arabtec Holding, which entered liquidation last year, the people said, asking not to be identified as the negotiations are confidential.
Scaramucci to Bring SALT Hedge Fund Conference to NYC to Give City a ‘Boost’ (Yahoo Finance)
Hedge fund impresario Anthony Scaramucci, the managing partner of $9.2 billion fund-of-funds SkyBridge Capital, is bringing his famed SALT Conference to New York City in September. “I thought it was important to bring the conference back at a time where New York could use the boost. We did something very similar in Las Vegas after the global financial crisis,” Scaramucci told Yahoo Finance Live exclusively.
The Investment Chief at Perceptive Advisors Lays Out the $8 Billion Hedge Fund’s SPAC Strategy and Why He would Rather Liquidate than Make a Bad Deal (Business Insider)
Compared to the average SPAC sponsor, Perceptive Advisors‘ track record has been phenomenal. Less than a third of SPACs that took a target company public between 2015 and the summer of 2020 generated positive returns, according to Greenwich-based investment bank Renaissance Capital, yet Perceptive has seen gains so far for the three private companies it has taken public in the last 12 months: German-based biotech firm Immatics, Pfizer spinoff Cerevel Therapeutics, and biotech firm Nautilus.
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Ovintiv Adds Investor Kimmeridge’s Nominee to Board to Settle Proxy Fight (Reuters)
(Reuters) – U.S. oil and gas producer Ovintiv Inc said on Thursday it added a nominee of hedge fund Kimmeridge Energy Management to its board, ending a proxy fight and winning the fund’s support at its annual shareholder meeting. Kimmeridge has a 2.5% stake and is among Ovintiv’s top 10 shareholders. It launched a proxy fight for three board seats in January and had urged the company to alter its capital spending and focus on governance.
Melvin Capital Posts Return of More Than 20% in February, Sources Say (CNBC)
The hedge fund at the center of the GameStop saga gained more than 20% in February, clawing back some of its losses from a brutal January, sources told CNBC’s Leslie Picker. Melvin Capital, which previously had a large bet against the video game retailer, saw a return of 21.7% in February, according to the sources. The fund declined by 53% in January during the dramatic short squeeze that sent GameStop and other stocks soaring.
Starboard Takes Elanco Stake, Nominates Three to Its Board (The Wall Street Journal)
Activist investor Starboard Value LP has taken a stake in Elanco Animal Health Inc. and nominated three directors to the company’s board, according to people familiar with the matter. Elanco, which makes vaccines and treatments for pets and livestock, has a market value of about $15 billion. The exact size of Starboard’s stake – and specifically what the fund intends to advocate at Elanco – couldn’t be learned, though it tends to make sizable investments in companies it targets.
Never Go Against the Main Theme (Hedge Nordic)
Stockholm (HedgeNordic) – Danish entrepreneur, author and investor Lars Tvede is setting up a hedge fund business to leverage his own success in macro-based investing over the years. Tvede, a Dane living out of Switzerland who co-founded several ventures such as forecasting company Supertrends and authored 17 books on business cycles, psychology, trading psychology and other topics, is awaiting approval from regulators to launch his Luxembourg-domiciled hedge fund called Atlas Global Macro.
How Technology Can Bring Certainty in Uncertain Times (Preqin)
As we look back at 2020 – more so than for many years before it – it is time to reflect and make sense of what has happened to our world, our commerce, and our ways of transacting business. Almost a year ago, RFA and our clients were thrown into a forced new way of working. This meant a 100% business continuity plan mode across our clients and ourselves, while focusing on retaining performance trading in a functional and secure way during uncertain and challenging times. But while we are still living in such an unsettled climate, there are some certainties that the hedge fund sector must consider as we move into 2021.
Thursday 3/4 Insider Buying Report: CNP, EVRG (Nasdaq.com)
On Monday, CenterPoint Energy’s Director, Leslie D. Biddle, made a $992,000 purchase of CNP, buying 50,000 shares at a cost of $19.84 each. Bargain hunters can pick up CNP even cheaper than Biddle did, with the stock changing hands as low as $19.38 in trading on Thursday — that’s 2.3% under Biddle’s purchase price. CenterPoint Energy, is trading down about 0.6% on the day Thursday. And on Wednesday, EVP – Chief Financial Officer Kirkland B. Andrews purchased $534,779 worth of Evergy, purchasing 10,000 shares at a cost of $53.48 each. This purchase marks the first one filed by Andrews in the past year. Evergy Inc is trading up about 0.2% on the day Thursday.
Lyft Inc (LYFT) CEO Logan Green Sold $53.2 million of Shares (Guru Focus)
CEO of Lyft Inc, Logan Green, sold 889,000 shares of LYFT on 03/03/2021 at an average price of $59.84 a share. The total sale was $53.2 million. Lyft Inc has a market cap of $20.31 billion; its shares were traded at around $61.760000 with and P/S ratio of 8.11.
