Ray Dalio is Selling the Personality Test He Uses to Learn More About His Employees — and Psychologists Say It Could Help Your Team Work Better (Business Insider)
Teamwork makes the dream work, or so the saying goes. But as any manager will tell you, teamwork is sometimes a bona-fide nightmare. Interpersonal squabbles, personality clashes, and miscommunications make it hard to get things done. Ray Dalio, the billionaire founder of the hedge fund Bridgewater Associates and personality-test entrepreneur, might have a solution. His new PrinciplesUs assessment, which launched Tuesday, is designed to give employees and managers a deeper understanding of how they and their colleagues are wired — and, in turn, help them work better together.
U.K. Authorities Start Tax Inquiries of Hedge Funds CQS, Cheyne Capital (Bloomberg)
U.K. tax authorities are conducting inquiries into London-based hedge funds CQS and Cheyne Capital Management. HM Revenue & Customs is querying matters that relate to the country’s so-called salaried member legislation, according to regulatory filings. The law seeks to ensure that members of partnership structures who would normally be regarded as employees are treated as staff for tax purposes. Such structures are widely used by hedge funds and other financial firms. “The assessments raised are protective in nature,” the firms both said in their filings with the U.K.’s Companies House, lodged by CQS earlier this month and Cheyne in January. “They set out sums HMRC consider may be due, rather than are actually due.”
A Hedge Fund Made a Big Hire as It Focuses on Diversity (eFinancialCareers)
It’s not just banks and big four firms that run diversity hiring programs and have chief diversity officers: hedge funds are also getting in on the act. DE Shaw, the multi strategy hedge fund, with $55bn in assets under management, is appointing its first ever head of diversity, equity and inclusion. Maja Hazell, the former head of diversity at law firm White & Case in New York is joining DE Shaw on October 4. Hazell will help the firm recruit support and develop diverse talent. She has a long history working in diversity roles, and is also a qualified leadership coach.
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Big Step for Antiloop Hedge (Hedge Nordic)
Stockholm (HedgeNordic) – Anna Svahn joined forces with Martin Sandquist and Karl-Mikael Syding to launch multi-strategy hedge fund Antiloop Hedge in late 2020. So far run in “test-mode” with only internal sources of capital under the umbrella of Rookie AB, Antiloop Hedge is opening up for external investors and officially launching as a Finansinspektionen-approved hedge fund under the umbrella of authorized AIF manager Antiloop AB. “On Friday, we finally received permission from the Swedish Financial Supervisory Authority to run a fund company and approved the fund regulations for our first special fund that will be launched in the near future.”
How Apeira Capital is Fusing Venture Capital with Hedge Fund Investing (Hedge Week)
Established by founder and managing partner Natalie Hwang, New York-based Apeira Capital Advisors is a creative venture capital asset manager which uses long/short hedge fund investing techniques to invest in a broad range of private technology companies. Prior to unveiling the firm in spring 2020, Hwang had been founder and managing director of Simon Ventures, the venture capital unit of Simon Property Group, where she built and managed a global consumers-focused technology fund. Her experience also encompasses hedge fund seeding at The Blackstone Group.
Citadel Securities Denies Involvement in ‘Meme Stock’ Trading Restrictions (Reuters)
Sept 28 (Reuters) – Citadel Securities did not ask Robinhood or any other firm to restrict or limit trading on GameStop and other so-called “meme stocks” at the height of the retail-driven trading frenzy in January, the market-maker said on Tuesday.
What Investing in Steve Mnuchin’s $2.5bn Fund Meant for the SoftBank Share Price (CMC Markets)
Liberty Strategic Capital was launched earlier this year by Mnuchin, who managed all things fiscal during the Donald Trump Administration. A former Goldman Sachs senior executive and the founder of hedge fund Dune Capital Management, Mnuchin has investment pedigree. Under his oversight, Liberty Strategic Capital will focus on the technology, fintech, cybersecurity and financial services sectors. Some of these themes overlap. And clearly, investors have given it their backing, with SoftBank’s share price jumping on the news. As a potentially undervalued stock, SoftBank’s share price could finally be on its way up.
Ancient Macro Hedge Fund Tripled Pay in Two Years (eFinancialCareers)
Macro hedge fund Caxton has been around a long time. Founded in 1983 by U.S. investor Bruce Kovner, it’s one of the granddaddies of the hedge fund world. But for all Caxton’s long history, 2020 will stand out as something special. The fund just published results for its UK entities – Caxton Europe LLP (the partnership) and Caxton Europe Asset Management Ltd. Both confirm that 2020 was a standout year.
Hedge Funds Return 0.78% in August as Dovish Fed Boosted Market Sentiment (LondonLovesBusiness.com)
Hedge fund managers ended the month of August up 0.78% on an equal-weighted basis, and up 0.25% on an asset-weighted basis. Global markets were buoyed by a rise in investor risk appetite due to the continuation of highly accommodative monetary policies and the dovish comments made by Federal Reserve chairman Jerome Powell during the Jackson Hole symposium.
Wednesday 9/29 Insider Buying Report: ASPU, TOST (Nasdaq.com)
At Aspen Group, a filing with the SEC revealed that on Monday, Director Douglas Kass bought 15,750 shares of ASPU, at a cost of $5.26 each, for a total investment of $82,805. So far Kass is in the green, up about 6.3% on their purchase based on today’s trading high of $5.59. Aspen Group is trading off about 4.3% on the day Wednesday. And at Toast, there was insider buying on Friday, by Director Deval L. Patrick who purchased 1,667 shares for a cost of $40.00 each, for a trade totaling $66,680. Toast is trading up about 1.1% on the day Wednesday. Patrick was up about 32.1% on the purchase at the high point of today’s trading session, with TOST trading as high as $52.86 at last check today.
Notable Stamps.Com Insider Trades $8.76 Million In Company Stock (Benzinga)
Roland John Clem, Chief Product And Strategy Offic at Stamps.Com (NASDAQ:STMP), made a large buy and sell of company shares on September 28, according to a new SEC filing. What Happened: A Form 4 filing from the U.S. Securities and Exchange Commission states that Roland John Clem exercised options to purchase 23,623 Stamps.Com shares at prices ranging from $35.04 to $112.00 per share for a total of $977,591 on September 28. They then sold their shares on multiple transactions in the open market. They sold at prices ranging from $329.44 to $329.49 to raise a total of $7,783,120 from the stock sale.
A Director at Darden (NYSE: DRI) is Selling Shares (Analyst Ratings)
Today, a Director at Darden (DRI), William S. Simon, sold shares of DRI for $999.6K. Following William S. Simon’s last DRI Sell transaction on February 01, 2019, the stock climbed by 55.8%. In addition to William S. Simon, 2 other DRI executives reported Sell trades in the last month. Based on Darden’s latest earnings report for the quarter ending August 31, the company posted quarterly revenue of $2.31 billion and quarterly net profit of $231 million.
