Vivaris Capital Launches VICAN Fund (PRNewswire)
SAN JUAN, Puerto Rico, March 24, 2022 /PRNewswire/ — Vivaris Capital, LLC , an alternative assets investment manager, announced today the launch of its new, multi-strategy fund offering hybrid hedge and private equity structures, VICAN Fund. The VICAN Fund will provide investors with access to institutional quality alternative investments with high-growth, high-return potential while securing their principal. It is being launched with Vivaris’ investment partner, HedgeACT. The Fund is attracting strong interest from family offices, high net worth private investors and institutions. It plans to raise $150 million this year and is targeting $500 million.
Elliott Management’s Top Brass Flips Oceanfront Gulf Stream Estate for $27M (The Real Deal)
A trust linked to Elliott Management’s top brass flipped a Gulf Stream oceanfront estate for $26.7 million to another trust also linked to the hedge fund. The purchase price is $10.8 million more than its sale price 10 months ago. Property records show the 2929 Ocean Trust, with attorney Guy Rabideau as trustee, sold the house at 2929 North Ocean Boulevard to David J. Miller, via a trust in his name. Records show Miller’s trust financed the purchase with a $17.4 million mortgage from JPMorgan Chase.
Billionaire Hedge Fund Veteran Anthony Scaramucci Warns Against Short Selling Coinbase Stock (COIN) – Here’s Why (The Daily Hodl)
SkyBridge Capital founder Anthony Scaramucci says he disagrees with a fellow hedge fund manager’s skepticism toward America’s largest cryptocurrency marketplace. In a new interview with CNBC Overtime, Scaramucci says that Kynikos Associates founder Jim Chanos is viewing Coinbase as if it were a brokerage stock, rather than a leader within an industry that still has the potential to grow significantly.
Pixabay/Public Domain
Hedgies Lure New Money (Hedge Nordic)
Stockholm (HedgeNordic) – After ending a nine-month run of net inflows in December due to investor profit-taking, tax-harvesting and rebalancing at year-end, the global hedge fund industry resumed attracting capital in January with net inflows of $11.3 billion, according to BarclayHedge. The industry’s assets under management continue to hover around $4.8 trillion as the industry experienced about $117.9 billion in trading losses during January.
Hedge Funds Ramp Up Rand Bets with Net Positions at Their Highest Since 2017 (Hedge Week)
While certain investors are choosing to avoid riskier assets due to the Russia-Ukraine situation, currency speculators are still placing their bets on the South African rand at an unprecedented rate, according to a report by Bloomberg. Hedge funds made the biggest change since the Commodity Futures Trading Commission began collecting data in 2015, switching from a net short position of 239 contracts to net long of 13,402 contracts on 15 March.
Hedge Funds—And The Dead Black Swan (Forbes)
The concept of the black swan is dead. Events we never imagined are happening—and in multitude. COVID, the January 6 Capitol riot, the Ukraine invasion, and the high-impact list just goes on…. The term “black swan” was popularized by Nassim Taleb in 2007, just before the 2008 Financial Crisis. He argued outlier black swan events are impossible to predict because of their extreme rarity, yet have catastrophic consequences. He further advised we must all assume a black swan event is possible and try to be ready—for investors, portfolio diversification may offer some protection when these outlier black swan events occur.
Following over 10x Performance of its First Fund, at.inc/ — The Seed Fund That Partners With Founders “At Incorporation” (Formerly Known as Tank Hill Ventures) — Raises Oversubscribed $35M Fund II (TMCnet News)
SAN FRANCISCO, March 24, 2022 /PRNewswire/ — at.inc/ today announced it has closed on an oversubscribed $35 million Fund II to double down on its fund strategy of investing globally in founders “at incorporation” and backing them all the way with flexible capital from its influential limited partner network. In this new fund Nadav Eylath is partnering with 20+ year high school friend Roni Bonjack to combine his proven track record leading seed rounds with Roni’s operational expertise in building and scaling startup programs for Google and Facebook globally. Bonjack was the person who scaled Google Launchpad from a pilot to a global program. She also led Developer and Startup Programs for Facebook, where she’s built accelerators in five countries throughout EMEA. The fund is backed by LPs that include founders of the top performing VCs, priate equity, hedge, and secondary funds in the US, as well as corporate executives, and founders of unicorns that at.inc/ has backed since inception.
Nielsen Rejects $8.5 Billion Takeover Bid: But Why, Investors Must Ask (Forbes)
Nelsen Holdings LLC rejected an offer from a group of hedge funds and other investors, including an existing shareholder Elliott Management on March 21. WindAcre Partnership LLC, another investor in Nielsen, said it would be opposed to the takeover and said the intrinsic value of the company was higher than the $25.40/share bid, although it did not submit its own offer and the stock has fallen to $23.23, 8.5% below the offer, implying investors think a higher bid is unlikely.
Thursday 3/24 Insider Buying Report: ASPN, GME (Nasdaq.com)
At Aspen Aerogels, a filing with the SEC revealed that on Tuesday, Director Robert M. Gervis purchased 135,870 shares of ASPN, at a cost of $33.12 each, for a total investment of $4.50M. So far Gervis is in the green, up about 14.9% on their buy based on today’s trading high of $38.04. Aspen Aerogels is trading up about 10.4% on the day Thursday. This buy marks the first one filed by Gervis in the past twelve months. And at GameStop, there was insider buying on Monday, by Director Lawrence Cheng who purchased 4,000 shares for a cost of $95.84 each, for a total investment of $383,355. GameStop is trading down about 7.9% on the day Thursday. Cheng was up about 43.1% on the purchase at the high point of today’s trading session, with GME trading as high as $137.11 in trading on Thursday.
This Fort Worth Pair has a Passion to ‘Revolutionize’ Crypto with a Hedge Fund and $25M Goal (Biz Journals)
Two Fort Worth investors launched Verterent Capital this year to take advantage of the digital asset space as the volatile industry becomes more common globally. Jared George and Paul Hellman founded the firm focused on four sectors of cryptocurrency: decentralized finance (DeFi), decentralized exchanges (DEX), assets offering a store of value like Bitcoin and payment rails.
ZoomInfo And 2 Other Stocks Sold By Insiders (Benzinga)
ZoomInfo Technologies: The Trade: ZoomInfo Technologies Inc. (ZI) 10% owner Carlyle Holdings I LP sold a total of 272,390 shares at an average price of $58.90. The insider received around $16.04 million from selling those shares. Squarespace: The Trade: Squarespace, Inc. (SQSP) 10% owner Index Venture Growth Associates I Ltd sold a total of 2,410,534 shares at an average price of $26.15. The insider received around $14.59 million from selling those shares.
