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.
Einhorn’s Greenlight Discloses Positions in Global Payments, Capri, Galapagos, ODP Corp. (Seeking Alpha)
David Einhorn‘s hedge fund Greenlight Capital disclosed positions in Global Payments (NYSE:GPN), Capri Holdings (NYSE:CPRI) Galapagos NV (NASDAQ:GLPG) and ODP Corp. (NASDAQ:ODP). The new positions were revealed in the funds Q4 letter to investors, according to a copy of the letter seen by Seeking Alpha. Greenlight also exited stakes in exited AerCap Holdings (NYSE:AER) after seven years, and FuboTV (NYSE:FUBO).
Two Years, Two Extremes for Brummer (Hedge Nordic)
Stockholm (HedgeNordic) – After recording its second-best annual performance on record in 2020, Brummer Multi-Strategy edged down 2.2 percent in 2021 to register its only third down year – albeit worst annual performance – in its 20-year history. The team running the multi-strategy hedge fund of Brummer & Partners has made structural improvements to reposition Brummer Multi-Strategy for “likely higher volatility and a larger degree of uncertainty in the macro environment.”
Wednesday 1/26 Insider Buying Report: ACC, MHD (Nasdaq.com)
On Friday, American Campus Communities’ Director, John T. Rippel, made a $519,970 buy of ACC, purchasing 10,000 shares at a cost of $52.00 a piece. American Campus Communities is trading up about 1.4% on the day Wednesday. This buy marks the first one filed by Rippel in the past twelve months. And also on Friday, Peter Hayes bought $307,366 worth of BlackRock MuniHoldings Fund, buying 20,000 shares at a cost of $15.37 a piece. BlackRock MuniHoldings Fund is trading up about 0.9% on the day Wednesday. So far Hayes is in the green, up about 1.6% on their purchase based on today’s trading high of $15.62.
Palantir’s Insider Selling Problem (Seeking Alpha)
Palantir’s insiders have sold roughly $2.2 billion worth of shares since the company’s direct listing. But there’s light at the end of the tunnel. Insider selling has been abysmally low in December and January. Palantir is looking attractively priced at the current levels and investors with a long-term time horizon may want to consider buying it on dips.
Check Out Insider Trades For Shift Technologies Inc. (SFT) Stock (Fosters Leader)
Shift Technologies Inc. (NASDAQ:SFT) saw a downside of -3.70% to close Tuesday at $2.08 after subtracting -$0.08 on the day. The 5-day average trading volume is 5,172,740 shares of the company’s common stock. It has gained $2.51 in the past week and touched a new high 2 times within the past 5 days. An average of 3,796,370 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 4,159,116.
Allegations of Insider Trading in Washington Spur New Efforts to Stop It (The Economist)
ATTENTION TO lawmakers’ finances is not new. What is surprisingly recent, however, is a ban on insider trading by Congress members. It was outlawed only in 2012, on the heels of the financial crisis, through the aptly named STOCK Act (Stop Trading on Congressional Knowledge). But as recent allegations of foul play show, the issue is far from resolved. Two newly introduced bills hope to put an end to it.
