Hedge Fund and Insider Trading News: Nelson Peltz, John Paulson, EDL Capital, Millennium Management, Jana Partners, Caxton Associates, Allakos Inc (ALLK), and More

Hedge Fund That Shorted The Pound Now Bets Against UK Stocks (Bloomberg)
Edouard de Langlade, founder of macro hedge fund EDL Capital, says the Bank of England will be forced to act to stabilize the UK’s currency and bond markets, which have cratered in response to the country’s tax cuts and fiscal policies. The hedge fund manager, known for his aggressive trades, had been betting on a fall in pound and took profits overnight as the currency weakened. He said he has retained a fifth of his wagers against the currency and is betting against UK stocks in expectation of higher interest rates, which he believes could eventually hit more than 10%.

Jana’s Latest Target (Institutional Investor)
The activist hedge fund has already enjoyed several wins this year. Jana Partners has launched another activist campaign. The hedge fund headed by Barry Rosenstein disclosed late Thursday that it owned nearly 10 percent of the shares of pet food company Freshpet. The stock dropped slightly on Friday, a day in which the wider market suffered a sharp selloff.

Unilever’s Soap Opera: M&A, Nelson Peltz, CEO to Retire (Reuters)
Sept 26 (Reuters) – Unilever (ULVR.L) CEO Alan Jope plans to retire at the end of 2023 roughly two months after activist investor Nelson Peltz joined the board of the consumer goods company. The maker of Dove soap and Magnum ice cream has had a bumpy few years, with shares falling about a quarter from highs seen in late 2019 and CEO Alan Jope’s plans facing scrutiny. Here are key developments around Unilever in the past year.

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Team Ress Grows with Junior PM (Hedge Nordic)
Stockholm (HedgeNordic) – The Stockholm-based portfolio management team picking and buying U.S. life insurance policies for Ress Capital’s alternative investment fund, Ress Life Investments, has expanded with the hiring of Amanda Gustafsson as Junior Portfolio Manager. The now four-member portfolio management team also includes Head of Portfolio Management Anton Pozine, as well as Portfolio Managers Fredrik Thor and Markus Biamont.

Billionaire Izzy Englander’s Millennium Just Tapped a Goldman Sachs Alum to Build Out a New Hub in Miami as Its Tech Hiring Spree Continues (Business Insider)
Millennium Management has tapped Olga Naumovich to lead its technology team in Miami. The multi-strategy hedge fund is currently hiring for 25 tech roles to boost its new hub. The war for local investing and tech talent is heating up as more hedge funds move South. Izzy Englander‘s $57 billion Millennium Management has tapped Olga Naumovich to lead its technology build-out in Miami, a source familiar with the hedge fund’s plans told Insider.