The UK Fund Managers that beat Warren Buffett (IFA Magazine)
Laith Khalaf, financial analyst at AJ Bell, shares his analysis on which UK Fund Managers have outperformed Warren Buffett. The Berkshire Hathaway AGM is undoubtedly the biggest investor event in the world, attracting almost 40,000 attendees last time it was hosted in Omaha, in 2019. This year, it will be livestreamed to the world, and is sure to be poured over by tens of thousands of investors, all tuning in to hear some pearls of folksy wisdom from the Oracle of Omaha.
US Hedge Fund Tycoon Pushes for Abraham Accords-Style Deals (The National News)
New York hedge fund billionaire Jeffrey Talpins has backed a push for more Abraham Accords-style normalisation deals between Israel and its Arab neighbours. The Atlantic Council think tank in Washington on Monday announced a “major expansion” of its work on Middle East peace thanks to support from the Jeffrey M Talpins Foundation.
‘AWS for Blockchains’ Alchemy Closes $80M Funding Round at $505M Valuation (Coin Desk)
Alchemy powers most of DeFi and almost all the big NFT platforms. The round was co-led by Coatue Management. Alchemy’s ubiquitous infrastructure and developer platform has grown since its public launch eight months ago to reach a $505 million valuation, CEO Nikil Viswanathan said in an interview. The round was co-led by Coatue Management, the tech investment manager led by hedge fund maven Philippe Laffont. Coatue also led a $305 million funding round in March for Dapper Labs, one of Alchemy’s clients.
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A Hedge Fund Knocks Back the French Billionaire Establishment (Bloomberg)
A hedge fund challenging the French establishment for control of Lagardere SCA has notched up a victory with the help of billionaire investor Vincent Bollore. But the fight over the media and retail company is far from over, even if Chief Executive Officer Arnaud Lagardere now faces an uphill battle to prevent a breakup of the company that bears his name. ivendi SA, a French media group controlled by Bollore, teamed up with the hedge fund Amber Capital U.K. LLP last year to push for governance changes at Lagardere, which Arnaud controls through an antiquated partnership structure despite owning just 7% of the stock.
PriorNilsson Overcomes Cyberattack (Hedge Nordic)
Stockholm (HedgeNordic) – Swedish asset manager PriorNilsson Fonder has been dealing with a cyberattack that knocked out its e-mail server and back-office system, which forced the asset manager to suspend the buying and selling of fund units for about a week. PriorNilsson’s funds, which collectively had over SEK 11 billion under management at the end of March, are now open for trading again.
Hedge Fund Manager Dan Niles is Short Tesla, But is Betting on Electric Vehicles with this Stock (CNBC)
Hedge fund manager Dan Niles said Tuesday that there are smarter ways to play the boom in electric vehicles than buying Tesla. Niles, who runs the Satori Fund, told CNBC’s “Tech Check” that he has a short bet against Tesla based on the stock’s valuation and was bullish on the electric vehicle industry overall. Shares of Tesla were down 3% in midday trading after the company reported earnings on Monday night.
