Cohen Fires Mets’ New General Manager in Lewd-Texts Scandal (Bloomberg)
The New York Mets terminated General Manager Jared Porter, according to billionaire owner Steve Cohen, acting swiftly on a report that the new team executive sent explicit and unsolicited text messages to a reporter in 2016. ESPN reported Monday that Porter sent the messages while he was employed by the Chicago Cubs. Porter, 41, acknowledged to ESPN that he sent pictures to the woman but said the more explicit ones weren’t of himself.
Warren Buffett Doesn’t Believe in Hedge Funds (The Motley Fool)
Warren Buffett often happens to negate the broader investor sentiment. The Oracle of Omaha has made investment decisions over the years that initially seem surprising but end up turning out to be well thought out. Buffett also has a very strong opinion on several things. Buffett hates gold, he considers Bitcoin to be rat poison, and he just does not believe in quant hedge funds.
Billionaire Hedge Funder Dan Loeb Buys Waterfront Miami Beach Estate: Sources (The Real Deal)
Spec home developer Peter Fine sold a Miami Beach mansion to billionaire hedge fund manager Dan Loeb for $20 million, The Real Deal has learned. Fine’s 6440 NBR LLC sold the six-bedroom, 13,386-square-foot home at 6440 North Bay Road to a Delaware entity named after the address. Sources confirmed the buyer is Loeb, founder and CEO of Third Point, a New York-based hedge fund.
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Hedge Fund Kyma Capital to Take Vedanta Dispute to U.S. Regulators (Reuters)
LONDON, Jan 19 (Reuters) – Kyma Capital, founded by former Blackstone trader Akshay Shah, is set to complain to U.S. regulators in a dispute with Indian billionaire Anil Agarwal over nearly $1 billion in loans by Vedanta Limited to its parent company, a source familiar with the matter told Reuters. Kyma Capital, a London-based hedge fund that owns shares in Vedanta Limited, plans to lodge its complaint with the U.S. Securities and Exchange Commission in February and seek repayment of four loans totalling $956 million made by Vedanta Limited via its overseas subsidiaries to parent Vedanta Resources.
Volt’s Electric Year (Hedge Nordic)
Stockholm (HedgeNordic) – In a volatile year characterized by a sudden sharp correction in equity markets followed by an equally sudden – albeit not so sharp – recovery, equity hedge fund strategies were the stand-outs last year. Equity hedge funds almost entirely dominated the list of last year’s top ten best performers in the Nordic hedge fund industry. “Almost” because one fund from the CTA crowd stood out and made the industry’s top ten list.
Hedge Fund Elliott Pulls out of Hong Kong – FT (Reuters)
Jan 19 (Reuters) – Activist hedge fund Elliott Management is shutting down its Hong Kong office following a period of civil unrest and political tension that started in 2019 in the region , the Financial Times reported on Tuesday, citing a memo. Elliott did not immediately respond to a request for comment.
