Billionaire Investor David Einhorn Says He Doesn’t have a Strong View on Crypto as the Lack of Regulation Makes It ‘Too Difficult’ (Business Insider)
Billionaire investor David Einhorn isn’t dedicating any time to weighing up whether to jump into cryptocurrencies, saying the lack of regulation in the industry makes it “too difficult” to assess. Einhorn, the founder and president of hedge fund Greenlight Capital, shared his views on crypto in a Real Vision interview on Monday. He told Simplify Asset Management’s chief strategist Mike Green that he doesn’t think about whether to invest or not.
York Capital’s Asia Spinoff to Form $3.5 Billion Hedge Fund Firm (Bloomberg)
York Capital Management’s Asia team, on course for a 13-year winning streak in Japan, is about to become one of 2021’s largest new hedge fund firms, said people with knowledge of the matter. Led by Masahiko Yamaguchi, MY. Alpha Management HK Advisors Ltd. will have more than $3.5 billion of assets under management when it spins out of York in early December, the people said, asking not to be identified because the information is private. That figure would include what was known as the York Asian Opportunities Fund, along with a smaller pool using mostly internal capital to make more concentrated Japan investments, they added.
Starboard’s Smith Unveils Colfax Stake, Talks Huntsman, Elanco (Reuters)
NEW YORK, Oct 6 (Reuters) – Activist investment firm Starboard Value on Wednesday said it owns a stake in Colfax Corp and said the industrial equipment maker is undervalued. “The company is at an inflection point,” Starboard Value’s founder Jeffrey Smith said at the 13D Monitor Active-Passive Investor Summit on Wednesday. News that Starboard, one of the industry’s most prominent activist investors, had taken a position pushed Colfax’s stock price up 3.55% in pre-market trading.
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U.S. Tech Investor Coatue is Planning to Set Up an Office in Europe (CNBC)
LONDON — U.S. hedge fund Coatue Management is planning to set up a new office in Europe as part of an effort to capitalize on the continent’s growing tech industry. The news was first reported by Bloomberg and confirmed to CNBC by a Coatue spokesperson. “We currently have offices in New York, San Francisco and Hong Kong, and we’re excited to add an office in Europe at some point in the near future,” Coatue Ventures Chairman Dan Rose told CNBC.
$6 Billion Soros Fund CEO: Bitcoin is More than an Inflation Hedge (Bitcoin Magazine)
Soros Fund CEO Fitzpatrick said bitcoin is seen as more than an inflation hedge. “I think it has crossed the chasm to mainstream,” she told Bloomberg in an interview. Fitzpatrick also disclosed that her fund owns “some coins” but not a lot. The Soros Fund CEO and CIO shared that inflation and real negative interest rates are prompting her fund to pile up cash and prepare for an eventual market crash and encouraged people to do the same.
