Hedge Fund Sachem Head Urges Arconic to Sell Itself – Sources (Reuters)
Sachem Head Capital Management has amassed a stake in Arconic Corp (ARNC.N) and has been pushing the U.S. aluminum sheet maker to go through with a process it has launched to sell itself, according to people familiar with the matter. Arconic has been in talks with private equity firms, including Apollo Global Management Inc (APO.N), about selling itself, the sources said, at a time when securing debt financing for leveraged buyouts has become challenging following this month’s jitters in the banking sector.
Karen Karniol-Tambour (Barron’s)
So far this year, Karen Karniol-Tambour has a lot to be excited about. She was named co-chief investment officer at Bridgewater, making her the first woman to hold the title at the hedge fund. “There is nothing more exciting,” Karniol-Tambour, 37, tells Barron’s, reflecting on her 17 years at the firm. “Bridgewater is where I grew up and learned about markets.” She holds the title with Greg Jensen and Bob Prince.
CABA Becomes a Signatory of UN PRI (Hedge Nordic)
Danish fixed-income fund boutique CABA Capital has become a signatory of the UN Principles for Responsible Investment (PRI), thereby affirming its commitment to promoting environmental, social and governance (ESG) factors in its investment activities. CABA Capital currently runs two hedge fund vehicles with a little over DKK 1 billion in assets under management. “As we progress on our sustainability journey, we are delighted to share that CABA Capital has officially become a signatory of the UN Principles for Responsible Investment (PRI),” announces Mette Østerbye Vejen (pictured right), CEO and co-founder of CABA Capital. “The PRI is globally recognized as the primary advocate for responsible investment, and as CABA Capital continues to grow, we are thrilled to affirm our commitment to these principles.”
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Ackman’s Win Streak Cools as Rates Pull Back (The Wall Street Journal)
Bill Ackman’s hot streak cooled in the first quarter as bank turmoil reversed an increase in interest rates the hedge-fund manager successfully bet on last year. Mr. Ackman’s Pershing Square Holdings returned 0.3% year-to-date through March 21, according to an annual letter to shareholders released late Wednesday. That compares with a return of 4.7% over the same period for the S&P 500.
Proctor and Gamble Stocks Momentum Trade Idea: How to Play the Long Term Trend Accelerating Higher (FX Street)
According to AQR the quantitative hedge fund and Yale University, over the past 100 years markets moved in trends. Trends are successive upwards and downwards movements in price that occur at a greater frequency than would be predicted by randomness alone. The following trade idea is a momentum trade idea which takes the assumption that the market will continue moving in the way it has over the previous sessions. momentum trading, is different than trend trading due to the time horizon of the trade as momentum trades will happen intraday or over the course of a single session while trend trading is done over the course of a week or more.
