Justice Samuel Alito Took Luxury Fishing Vacation With GOP Billionaire Who Later Had Cases Before the Court (ProPublica.org)
In early July 2008, Samuel Alito stood on a riverbank in a remote corner of Alaska. The Supreme Court justice was on vacation at a luxury fishing lodge that charged more than $1,000 a day, and after catching a king salmon nearly the size of his leg, Alito posed for a picture. To his left, a man stood beaming: Paul Singer, a hedge fund billionaire who has repeatedly asked the Supreme Court to rule in his favor in high-stakes business disputes. Singer was more than a fellow angler. He flew Alito to Alaska on a private jet. If the justice chartered the plane himself, the cost could have exceeded $100,000 one way.
Ray Dalio Lunch Auction Focused on Meditation Draws $115,000 Bid (Bloomberg)
A winning bidder in a charity auction will pay $115,000 for a chance to lunch with Bridgewater Associates founder and billionaire investor Ray Dalio. Dalio will match the bid in a donation to the David Lynch Foundation. Its Meditate New York program seeks to provide meditation services to 10,000 front-line and health care workers in 40 hospitals across the state.
Bill Ackman Says Elon Musk Was “Not An Expert,” But Did This to Become a Billionaire Entrepreneur (The Motley Fool)
Could Elon Musk and Tesla keep on winning? Bill Ackman is known for plenty of his own business successes. As founder of hedge fund Pershing Square Capital Management, the billionaire investor has stood out for going against the crowd — and making billions as a result. For instance, Ackman bet on the failure of MBIA, a municipal bond insurer exposed to the subprime mortgage market — and won that bet during the financial crisis of 2007 and 2008. Ackman uses instruments such as credit default swaps and short positions to bet on potential outcomes in the financial world. And as an activist investor, he’s bought significant positions in big companies and weighed in on how those companies are run. In a recent post on Twitter, Ackman spoke about someone else who goes against the crowd: Tesla (TSLA -4.50%) chief executive officer Elon Musk.
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Brevan Howard co-founder Natsis moves to UAE in Middle East push (GulfNews.com)
Dubai: Brevan Howard Asset Management co-founder Trifon Natsis has relocated to Abu Dhabi as part of the company’s plans to expand in the UAE, which is fast becoming a major hub for hedge funds. The Jersey, Channel Islands-based investment firm, best known for macro trading and a recent push into digital assets, has also moved portfolio manager Mitesh Gupta to its new outpost in the UAE capital, according to people with knowledge of the matter.
Susanna Urdmark to Depart Rhenman & Partners (Hedge Nordic)
Stockholm (HedgeNordic) – Susanna Urdmark, co-head and senior portfolio manager of long-biased long/short equity fund Rhenman Healthcare Equity L/S, is leaving Rhenman & Partners after a six-year tenure with the firm. She will be stepping down from her role during the summer to pursue other opportunities. “Susanna Urdmark, Co-head and senior fund manager, has decided to leave the firm after six years to pursue other opportunities,” announces the team at Rhenman & Partners.
