Rokos, Impala, Carlson Disclose Major Buys (Institutional Investor)
The hedge funds were among firms that disclosed their first quarter long positions in U.S. equities ahead of the filing deadline. Rokos Capital Management made a slew of major moves in its U.S. stock portfolio in the first quarter.The macro giant headed by Chris Rokos established new positions in four stocks that instantly became top-10 U.S. common stock holdings.
‘Orlando Sentinel’ Reporters Hold Rally This Saturday Amid Hedge Fund Buyout Fears (Orlando Weekly)
Reporters and journalists prefer to stay in the background. They do the hard work and research to write about the news that impacts us daily, centering other people’s problems. But sometimes life has other plans, forcing journalists to speak up for themselves. This a crucial point in the life of the Orlando Sentinel, the city’s paper of record. On May 21, shareholders of the Sentinel’s parent company will vote on a buyout bid from the hedge fund Alden Global Capital.
‘Big Short’ Investor Michael Burry Predicted the Inflation Spike a Year Ago – and Sounded the Alarm Multiple Times in February (Business Insider)
Michael Burry said as early as April last year – weeks after the first lockdowns in the US – that the post-pandemic reopening could cause inflation to spike. His prediction was proved right this week by data showing that consumer prices had jumped by 4.2% year-on-year last month, the sharpest increase in 11 years. “When we start working and playing again, inflation may be in store,” the investor told Bloomberg for a story published on April 7, 2020.
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Steve Cohen’s Point72 Is Exploring Blockchain, Crypto Sector (Bloomberg)
Steve Cohen’s Point72 Asset Management is eyeing cryptocurrency-related investments. “We are exploring opportunities around blockchain technology and its transformative and disruptive capabilities,” the firm said in a letter to investors seen by Bloomberg. “We would be remiss to ignore a now $2 trillion crypto currency market.”
Trium Capital Hires Ex-Millennium and Sandell Manager Felix Lo to Launch New M&A Hedge Fund Strategy (Hedge Week)
Felix Lo, a merger arbitrage specialist who managed money at Sandell Asset Management and Izzy Englander’s Millennium Management, has joined Trium Capital to run a new USD200 million global event driven fund targeting the ongoing resurgence in corporate M&A activity. Lo spent 10 years at Sandell where managed its Global Merger Arbitrage & Event portfolio, which ran some USD1.4 billion of assets. He moved to LMR in 2017 where he led the same strategy alongside analyst Neo Tsangarides, before the pair joined Millennium in 2019 managing up to USD500 million. Lo and Tsangarides are launching the Trium Khartes Event Driven Fund, with an expected USD200 million based comprising investor commitments, a double-digit million seed pledge from Trium, and significant ‘skin-in-the-game’ capital from Lo himself.
Early Tesla Backer and Top Fund Manager Attacks Warren Buffett’s Strategy. Here’s His Investing Advice. (Market Watch)
James Anderson says to forget value investing and be ready for stomach-churning swings in stock prices. Scottish Mortgage manager James Anderson took aim at value investing, the strategy espoused by the likes of Warren Buffett. One of the U.K.’s top fund managers and a trailblazing technology investor has criticized value investing and the obsession with short-term metrics, in a departing letter on Thursday. He said his greatest regret was not making bigger and bolder bets. Listen to experts and have faith in the forces of change, despite severe swings in stock prices, James Anderson said in his report with the annual results of Scottish Mortgage Investment Trust.
Hedge Fund Legend Stanley Druckenmiller Says Crypto Could Replace US Dollar As Global Reserve Asset (Daily Hodl)
The chairman and chief investment officer of the Duquesne Family Office, Stanley Druckenmiller, believes that the future of the US dollar as the world’s reserve currency is under threat from cryptocurrencies. In a CNBC interview, Druckenmiller confirms his view that a “crypto-derived ledger system” is likely to take the dollar’s place as a global reserve asset.
Systematic Crypto Arb Hedge Fund Manager Argentium appoints “Big Hitters” to Advisory Board (PRNewswire)
LONDON, May 14, 2021 /PRNewswire/ — Emi Lorincz has been appointed as a Senior Advisor on Cryptomarkets. Ms Lorincz started her career at Morgan Stanley, then moved to aircraft financing at GE Capital and later to commodity trading at Eni. She is currently Director, Business Development for Ledger and a Board Member of the Crypto Valley Association. Bringing a wealth of experience from the traditional markets and a dedication to increasing the usage and adoption of cryptocurrencies, Ms Lorincz is also serving on the council of the Bancor Foundation.
The Divisional Chief Operating Officer of Thomson Reuters (NYSE: TRI) is Selling Shares (Analyst Ratings)
Yesterday, the Divisional Chief Operating Officer of Thomson Reuters (TRI), Brian S Peccarelli, sold shares of TRI for $1.6M. Following Brian S Peccarelli’s last TRI Sell transaction on September 07, 2020, the stock climbed by 18.9%. Based on Thomson Reuters’ latest earnings report for the quarter ending March 31, the company posted quarterly revenue of $1.58 billion and quarterly net profit of $5.04 billion.
Advanced Micro Devices Inc (AMD) President & CEO Lisa T Su Sold $9.4 million of Shares (Guru Focus)
President & CEO of Advanced Micro Devices Inc, Lisa T Su, sold 125,000 shares of AMD on 05/11/2021 at an average price of $75 a share. The total sale was $9.4 million.
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