Michael Platt – BlueCrest Capital Hedge Fund Net Worth: A Clear Overview (Businessmole.com)
Michael Platt is a British billionaire hedge fund manager and the co-founder and CEO of BlueCrest Capital Management. As of September 13, 2023, his real-time net worth is estimated to be $16 billion, making him one of the wealthiest individuals in the world. Platt’s success in the hedge fund industry has earned him a reputation as a savvy investor and a prominent figure in the financial world.
Here’s Sosin’s Latest Win (Institutional Investor)
Sosin Partners, which is up about 88 percent this year, settled its activist fight with Cardlytics. Score this one to Clifford Sosin. The head of hedge fund Sosin Partners Tuesday settled his activist bid with Cardlytics. Under the deal, Cardlytics agreed to increase the size of its board of directors to nine and appoint Alex Mishurov as a Class I director whose term expires in 2025.
Ex-Bridgewater CEO McCormick to Make Pennsylvania Senate Run Official Thursday – Sources (Reuters)
David McCormick, a former hedge fund executive who lost the Republican primary for Pennsylvania’s open Senate seat last year, will announce on Thursday that he is running again for Senate — this time against three-time incumbent Democratic Senator Bob Casey Jr. A U.S. Army veteran and former Treasury Department official, McCormick, 58, will kick off one of the nation’s most closely watched races with a speech in Pittsburgh, two sources said. Reuters first reported on Sept. 12 that the former CEO of Bridgewater Associates, one of the world’s largest hedge funds, would run.
Former Millennium and Morgan Stanley Executive Raises $3 Billion for New Asia-Focused Hedge Fund (Investing.com)
Kurt Baker, a former executive at Millennium Management and Morgan Stanley (NYSE:MS)’s Asia prime brokerage, is currently raising nearly $3 billion for a new hedge fund firm, 30th Century Partners. The Hong Kong-based firm, focusing on the Asian market, is set to start trading in June 2024 with an initial team of eight to ten investment groups. 30th Century Partners aims to focus its investments primarily in Asia, targeting markets such as India, China, South Korea, Taiwan, Hong Kong, and Japan. The firm also plans occasional ventures into Southeast Asia and Australia, while some of its investment strategies like macro trading will have a global reach.
Hedge Fund CEO Jeffrey Gundlach Says This is One of the Best Fed Decisions in a While (ForexLive)
Gundlach is the founder of DoubleLine Capital, some remarks crossed the news wires in response to the Federal Open Market Committee (FOMC) decisions today. This is one of the best Federal Reserve decisions in a while. Its the right thing to not raise rates. We have a lot of crosscurrents in the economy. Very prudent for the Fed to have a “wait and see” attitude. Probability for rate hikes is higher than before recent oil spike. The narrative is going to develop that there won’t be a hike in November.
Fund Manager Says BlackRock ETF will Drive $150,000 Bitcoin Price (The Street)
Mark Yusko of Morgan Creek Capital Management thinks $30 billion will flood into an approved, bitcoin-focused BlackRock ETF. The number of regulatory requests to offer a spot bitcoin exchange-traded fund (ETF) coming from a range of institutional financial firms has led to bullish speculation and remarkable excitement from the crypto market. As the U.S. Securities and Exchange Commission (SEC) considers such filings from BlackRock, Fidelity, ARK Invest and more, it seems like at least one upcoming approval is just a matter of time. The SEC is set to hit its next set of deadlines for approval decisions in mid-October and in the meantime, investors are left to speculate about which firm might receive approval first.
Lynx Surpasses 100 Employees (Hedge Nordic)
Stockholm (HedgeNordic) – Systematic asset manager Lynx Asset Management has recently surpassed 100 employees, with over 20 new hires in 2023 across its headquarters in Stockholm and its New York office. The most notable additions include Andreas Johansson, the former head of SEB’s Quantitative Equity team, and Stefan Nydahl, previously CEO of systematic manager Informed Portfolio Management (IPM).
Qube Taps Fintech for New Talent (Hedge Week)
Hot on the heels of DE Shaw’s addition of a former fintech product manager in Singapore to its trading team, comes news that new quant fund Qube Research & Technologies has also hired a former fintech employee, according to a report by eFinancial Careers. Ben Nicholas, a former technical analyst at trading infrastructure fintech FlexTrade, which specialises in algorithmic trading execution across equities and FX, has been appointed as a quantitative technologist by Qube.
Thursday 9/21 Insider Buying Report: BHLB, NMRA (Nasdaq.com)
On Wednesday, Berkshire Hills Bancorp’s Director, Mary Anne Callahan, made a $357,319 buy of BHLB, purchasing 18,000 shares at a cost of $19.85 a piece. Investors are able to grab BHLB at a price even lower than Callahan did, with shares trading as low as $19.43 at last check today which is 2.1% under Callahan’s purchase price. Berkshire Hills Bancorp is trading up about 1.1% on the day Thursday. This buy marks the first one filed by Callahan in the past year. And at Neumora Therapeutics, there was insider buying on Tuesday, by CEO Henry O. Gosebruch who bought 15,000 shares at a cost of $12.62 each, for a total investment of $189,370. Neumora Therapeutics is trading up about 5.6% on the day Thursday. Investors can buy NMRA even cheaper than Gosebruch did, with shares changing hands as low as $10.01 at last check today — that’s 20.7% under Gosebruch’s purchase price.
$4M Bet On Enphase Energy? Check Out These 3 Stocks Insiders Are Buying (Benzinga)
Enphase Energy: The Trade: Enphase Energy, Inc. (ENPH) Director Thurman J Rodgers acquired a total of 32,600 shares an average price of $122.76. To acquire these shares, it cost around $4 million. Semtech: The Trade: Semtech Corporation (SMTC) Director Paul V. Walsh Jr. acquired a total of 20,000 shares at an average price of $24.83. To acquire these shares, it cost around $496,520.
