Seth Klarman Hedge Fund Buys $645 Million Stake in Just Eat Takeaway (Bloomberg)
Seth Klarman’s hedge fund, Baupost Group, bought a 3.5% stake in Dutch food-delivery company Just Eat Takeaway.com NV. The Boston-based firm run by renowned value investor Klarman acquired the stake in a transaction dated Aug. 4, according to a regulatory filing on Thursday. The shares were valued at about 549 million euros ($645 million) as of Wednesday’s closing price.
Hedge Fund Consultant’s Firing Not Retaliation, Court Rules (Reuters)
(Reuters) – A federal judge in Manhattan dismissed a whistleblower retaliation lawsuit by a former IT worker at Autonomy Capital, saying he was not eligible for protection under rules that the U.S. Securities and Exchange Commission subsequently changed. U.S. District Judge Gregory Woods said on Wednesday that whistleblower rules the SEC created under the Dodd-Frank Act had only protected those who reported concerns to the agency in writing and did not cover a 2019 phone call flagging Nicholas Moniodes’ concerns about potential data security violations.
‘The Markets know more than You Do’: Hedge Fund Boss – and Donald Trump’s Short-Lived PR Guy – Anthony Scaramucci Reveals his Investing Mistakes (This is Money)
Anthony Scaramucci is best known for his brief but memorable role as President Trump’s director of communications, but he has also had a much longer and equally as colourful career in the investment industry. ‘The Mooch’, as he became known during his 11-day stint at the White House, worked at Goldman Sachs in the 1980s and 1990s, but then went on to found Oscar Capital Management and later the investment firm SkyBridge Capital.
Pixabay/Public Domain
iCapital Network Expands Relationship with Bridgewater Associates (Hedge Week)
iCapital Network has expanded its relationship with Bridgewater Associates (Bridgewater), a specialist in institutional portfolio management, and the world’s largest hedge fund. Under this agreement, iCapital will provide a customised technology platform to give registered investment advisors (“RIAs”) and family offices seamless access to Bridgewater’s strategies for their ultra-high-net-worth clients in the US. “Creating opportunities for wealth advisors and their qualified clients to access institutional-quality investments has always been our core mission at iCapital,” says Lawrence Calcano, Chairman and CEO of iCapital Network. “We are excited to partner with such a prominent team as Bridgewater to bring access to these strategies to the wealth management community.”
Month in Review – July 2021 (Hedge Nordic)
Stockholm (HedgeNordic) – Whereas July marked the first month of industry-wide average negative returns for the global hedge fund industry in 2021, Nordic hedge funds marched ahead with an average gain of 0.5 percent for the month (92 percent reported). After pulling off their best first-half performance since 2009, Nordic hedge funds are now up 4.8 percent for the first seven months of 2021.
