Ray Dalio: The Government ‘Outlawing Bitcoin is a Good Probability’ (CNBC)
Billionaire investor Ray Dalio, founder of the world’s largest hedge fund Bridgewater Associates, thinks bitcoin may have a similar fate as gold did in the U.S. during the 1930s. ″[B]ack in the ’30s in the war years … because cash and bonds were such bad investments relative to other things, there was the movement to those other things, and then the government outlawed them,” Dalio told Yahoo Finance on Wednesday. “They outlawed gold.
Soros Investment Chief Fitzpatrick Sees Crypto at ‘Inflection Point’ (The Street)
The chief investment officer of Soros Fund Management, Dawn Fitzpatrick, thinks cryptocurrencies are at an “inflection point,” leading her firm to make investments in crypto infrastructure, she said on a Bloomberg broadcast yesterday. Speaking on Erik Schatzker’s show “Front Row,” Fitzpatrick said cryptocurrency infrastructure like exchanges, asset managers, custodians and tax reporting service providers were a “really interesting” category that her firm has been investing in.
Understanding and Capturing Change (Hedge Nordic)
Stockholm (HedgeNordic) – European stocks have returned an average of 1.3 percent per annum since the end of 1998 in nominal terms, which amounts to nothing when adjusting for inflation. On the surface, the universe of public companies in Europe has been sleepwalking its way through two “lost decades,” but in reality, there was a breadth of changes afoot on the continent. “If you invested a hundred euros in a European stock index 20 years ago, you would still have a hundred euros now,” says Michal Danielewicz, who co-founded thematic-focused asset manager St. Petri Capital with Jens Larsson back in 2017.
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Warren Buffett’s Berkshire Hathaway has a $8.3 Billion Plan to Prevent the Next Texas Power Crisis – and Make Money in the Process (Business Insider)
Warren Buffett‘s Berkshire Hathaway has a plan to prevent the next Texas power crisis – and make billions of dollars in the process. The famed investor’s conglomerate wants to create a new company called the Texas Emergency Power Reserve, the Dallas Morning News reported on Thursday. Berkshire’s energy unit is pitching the idea after winter storms knocked out dozens of Texas power plants in February. The blackout left upwards of 4 million people in the dark, sparked shortages of food and water, and led to more than 100 deaths.
Hedge Fund Veteran Lee Robinson’s Altana Wealth Steps into the SPACs Surge with New Launch (Hedge Week)
Altana Wealth, the credit, currencies and special situations-focused hedge fund led by industry veteran and former Trafalgar Asset Managers co-founder Lee Robinson, is gearing up to launch a new strategy that will capitalise on the fast-growing SPAC sector. SPACs, or special purpose acquisition companies, raise capital from investors, via IPOs, to buy shares in private companies, with a view to taking them public, typically through a merger with the publicly-traded SPAC. Shareholders can then either choose to participate further with the merger as an investor, or redeem stock for the cash held in escrow following a takeover – an event driven optionality Robinson sees as “highly attractive.” Should no takeover targets be found within two years, the SPAC dissolves, with cash returned to investors.
New Hedge Fund Launches at 175 Exceed Liquidations in 4Q20 (Opalesque.com)
New hedge fund launches increased to an estimated 175 in 4Q20 and exceeded the estimated quarterly liquidations for the second consecutive quarter, after eight quarters of contraction, said a report. According to the latest HFR Market Microstructure Report, launches in 4Q exceeded the 3Q estimate of 151 new funds, bringing the FY 2020 launches to 539, a period which included a record low number of launches in 1Q as the global pandemic began.
Hedge Fund Lansdowne to Spin-Off New Energy-Focused Company (Reuters)
LONDON (Reuters) – London-based hedge fund Lansdowne Partners plans to spin off two funds managed by one of its partners into a new company later this year, it said in a statement on Thursday. The company will be headed by Per Lekander and will be called Clean Energy Transition LLP.
Griffin’s Covid Year Had Planes, Palm Beach, Philanthropy (Bloomberg)
In the early days of the pandemic, Ken Griffin talked with President Donald Trump and Vice President Mike Pence about stimulus and fast-tracking Covid therapies. Now, he sees an opening to work with the Biden administration to address a year of lost learning. “The political party doesn’t matter to me,” said Griffin, 52, who contributed $66 million to Republicans in the last election. “What matters is the receptivity to solving the problem.”
Crispr Therapeutics Ag (CRSP) CBO & COO Lawrence Otto Klein Sold $12.8 million of Shares (Guru Focus)
CBO & COO of Crispr Therapeutics Ag, Lawrence Otto Klein, sold 100,000 shares of CRSP on 03/23/2021 at an average price of $128.05 a share. The total sale was $12.8 million. CRISPR Therapeutics AG is a gene editing company. It is engaged in the development of CRISPR/Cas9-based therapeutics. Crispr Therapeutics Ag has a market cap of $8.64 billion; its shares were traded at around $114.600000 with and P/S ratio of 10418.19.
The Shareholder of Altus Strategies PLC (Other OTC: ALTUF) is Buying Shares (Analyst Ratings)
Yesterday, the Shareholder of Altus Strategies PLC (ALTUF), La Mancha Holding S.A.R.L., bought shares of ALTUF for $4.73M. Following this transaction La Mancha Holding S.A.R.L.’s holding in the company was increased by 15% to a total of $30.33 million. In addition to La Mancha Holding S.A.R.L., 5 other ALTUF executives reported Buy trades in the last month.
