Hedge Fund and Insider Trading News: Paul Marshall, David Einhorn, TCI Fund Management, Atlant Fonder, American Campus Communities, Inc. (ACC), and More

Billionaire Paul Marshall’s Hedge Fund Just Made This Historic Move on Value Stocks (Bloomberg)
Billionaire Paul Marshall is the latest trading titan to bet on value stocks, which are making a historic comeback after years of neglect. His $24 billion Eureka hedge fund within Marshall Wace has loaded up on bank and financial stocks, while selling shares that were fueled by central banks printing money over the past decade or so.

TCI’s Railroading Tactics (Reuters)
NEW YORK, Jan 26 (Reuters Breakingviews) – There are two ways to win an activist battle: dominate or compromise. In the case of hedge fund TCI Management’s campaign against Canadian National Railway (CNR.TO), the resolution announced on Tuesday smacked of the latter. But the tactics made the battle feel more like the activist was gunning for the former.

State Of The Hedge Fund Industry At Year-End 2021 (Forbes)
It’s January, and that means a plethora of articles looking back on 2021 and forward on what to expect in 2022. With Intelligence released its review of hedge fund performance in 2021, reporting a 10.4% average gain among hedge funds, according to the HFM global composite. For comparison, the hedge fund industry returned 13.1% in 2020. The industry’s 2021 return provides a second consecutive year of double-digit gains for hedge funds — the first time this has happened in more than 10 years.

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Successful Year for Atlant Fonder (Hedge Nordic)
Stockholm (HedgeNordic) – Long-biased equity hedge funds may be grabbing the headlines with their high double-digit returns for 2021. In the lower risk, lower return corner of the hedge fund industry, Atlant Fonder’s less attention-grabbing market-neutral strategies are exceeding expectations year in and year out. “Atlant Fonder had a successful 2021,” writes Michael Ekelund, Atlant Fonder’s CEO, in an update to investors. “Most of our funds delivered high risk-adjusted returns and all our market-neutral funds exceeded their return targets,” he continues.

Market-Neutral DeFi Hedge Fund Launches on Falcon Investment Multi-Manager Platform (Hedge Week)
A Market-neutral DeFi hedge fund has been launched by former investment manager Evgeny Gokhberg on London-based Falcon Investment Management’s multi-manager investment platform. The Cayman-domiciled Re7 Liquidity Fund aims to capturr opportunities available in the fastest growing cryptocurrency ecosystem, Decentralised Finance (DeFi). Re7 follows a fixed income-style market neutral strategy which utilises stablecoins, deployed across the DeFi ecosystem to capture double-digit yields available in the market. The fund harnesses a data-driven approach, where fundamental analysis is enhanced by running blockchain infrastructure feeding real time data and analytics.