Hedge Fund and Insider Trading News: Mike Novogratz, Ray Dalio, John Washington Rogers, Davidson Kempner, Mondelez International Inc (MDLZ), Rite Aid Corporation (RAD), and More

Mike Novogratz Talks Down on Litecoin, Talks Up SOL and Luna (Coin Speaker)
CEO of Galaxy Investment Partners Mike Novogratz questions the technological framework of Litecoin, prefers LUNA and Solana. Mike Novogratz spoke ill of digital currency Litecoin (LTC) in a recent media session, saying it is “not a technology”. The ex-hedge fund manager also said that LTC lacked proper community engagement and had poor technological innovation. Speaking with CNBC’s Joe Kernen, Novogratz said: “It’s strange to me that Litecoin shows up on anyone’s, you know… it’s not something that people are engaged in, it’s not a technology…”

Billionaire Investor Ray Dalio Says the US is Coming to the Brink of an Empire-Ending Catastrophe. Here’s Why He’s Worried and How He Says You Should Invest Your Money. (Business Insider)
Ray Dalio of Bridgewater Associates is known for successful investing on a global scale. Dalio has been studying the rise and fall of empires and says the US is in trouble. He says investors should stay balanced, consider the effects of inflation, and hold little cash. Almost 50 years later, Ray Dalio still remembers his reaction to the news that the US would no longer allow dollars to be swapped for gold. He was sure it would be a disaster for markets.

These Are The Top Ten Holdings of Davidson Kempner (Entrepreneur)
Davidson Kempner is among the largest hedge fund managers in 2021. It was founded by Marvin Davidson in 1983, while Thomas Lenox Kempner, Jr. is currently its Executive Managing Member. Kempner is a graduate from Harvard Business School. Let’s take a look at the top ten holdings of Davidson Kempner. Top Ten Holdings of Davidson Kempner: We have used the latest 13F filing (September 30, 2021) to come up with the top ten holdings of Davidson Kempner. We have considered only stock holdings of Davidson Kempner for our list.

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John Rogers’ Top Stock Picks (TechStory.in)
John Washington Rogers is an American hedge fund manager and investor who founded Ariel Investments in 1983. The Illinois-based hedge fund has over $8.9 billion in managed securities, with a net annualized return of 10.75% from its inception through November 2020. The 62-year-old investor, who is one of the few black hedge fund managers in the country, recently launched Ariel Alternatives, a fund that will invest in and scale sustainable minority-owned businesses. JP Morgan is backing the fund with a $200 million commitment.

GoDaddy Sells $800m Stake to Private Investor Firm (Tech Radar)
American hedge fund Starboard Value acquired a 6.5% stake in GoDaddy, a filing with the US Securities and Exchange Commission (SEC) has shown. The deal had cost the fund approximately $800 million, according to the Wall Street Journal. According to the filing, the fund believed shares in the web hosting group were “undervalued” and represented “an attractive investment opportunity”.