Bid on a Private Lunch With Ray Dalio to Help Support Financial Education for All Students (Businesswire)
Ray Dalio, New York Times bestselling author and the founder of Bridgewater Associates, the world’s largest hedge fund, will host an exclusive “Lunch with Ray” auction to raise funds and bring attention to the importance of financial literacy for the next generation, underscoring his belief in the value of personal finance and economics education for young people. In honor of April’s Financial Literacy Month, the Council for Economic Education (CEE), the nation’s leading nonprofit focused on helping youth gain financial and economic knowledge for life, is auctioning a private lunch with the global investment leader. All funds raised will help ensure every student in America is taught essential financial basics in high school.
GMO Financial Holdings Buys 10% of Crypto Hedge Fund AWR Capital (CoinDesk)
AWR also hired Phillip Gillespie, former CEO of crypto market maker B2C2, as managing partner to lead its business development strategy. GMO Financial Holdings, an investor in crypto and foreign-exchange margin trading businesses, bought a 10% stake in AWR Capital, a multi-strategy crypto hedge fund, according to a statement shared with CoinDesk on Monday. The price wasn’t disclosed. AWR, which is based in London, will become a market maker at one of Japan’s largest FX and digital-assets exchanges, GMO Coin, a subsidiary of GMO Financial Holdings, AWR said. Market makers are entities tasked with providing liquidity on an exchange by creating buy and sell orders.
Hedge fund manager Verition Signs Office Lease in Norwalk (CTInsider)
NORWALK — Hedge fund manager Verition Fund Management is expanding its presence in Connecticut by leasing space in one of the state’s largest office complexes. Verition announced last week that it had signed a lease for 20,586 square feet at 45 Glover Ave., which is one of three buildings in the Building and Land Technology-owned office complex known as the Towers at Merritt River. The new space will complement the firm’s offices that opened in 2008 at 1 American Lane, in the northwest corner of Greenwich, as well as locations in Manhattan, London, Hong Kong and Singapore.
Abbey Capital Founders Donate €5.5m to Own Charity (The Times)
The net worth of Cavendish Capital, the owner of Ireland’s biggest indigenous hedge fund manager Abbey Capital, soared above €350 million in the year to June after a huge jump in profits at its subsidiary. Cavendish, which is controlled by founders and senior executives including Tim Brosnan, Tony Gannon and Mick Swift, donated €5.5 million in the year to Small Foundation, an aid charity founded by the directors. Cavendish ended the financial year with €253 million in cash on its balance sheet.
Why One Firm’s 3,612% Return Is Drawing the Ire of Hedge Funds (Bloomberg)
Mark Spitznagel is a master at generating buzz for his tail risk-protection business. From partnering with the man who coined the very term “Black Swan” to warning this January that we’re in “the greatest tinderbox-timebomb in financial history,” he makes sure Universa Investments is rarely far from the Wall Street spotlight. But it’s the firm’s returns that really make headlines — and get the blood of some of the hedge-fund world’s biggest names boiling in the process.
