Hedge Fund and Insider Trading News: Whitney Tilson, Rokos Capital Management, Elliott Management, SPX Capital, Liontrust GF Tortoise Fund, IAC Inc (IAC), Element Solutions Inc (ESI), and More

Should You Sell the British Pound in 2023? Hedge Fund Rokos Believes So (Invezz.com)
The COVID-19 pandemic took some heat away from the British pound, given Brexit. But Brexit is one of the causes of further weakness for the pound, according to Rokos Capital Management, an alternative investment fund management firm with over $14 billion in AUM (i.e., Assets Under Management). Other reasons for the bearish outlook invoked by Rokos are the effects of de-globalization and the COVID-19 pandemic.

Elliott Management to Fund £70m Superdry Rescue (Hedge Week)
US activist hedge fund Elliott Management is set to refinance Superdry with a £70m funding package as a deadline for the clothing retailer to repay its current debts looms large, according to a report by the Sunday Times. The report cites city sources as saying that Bantry Bay, a London-based fund backed by Elliot Advisors and run bu Jonathan and Dennis Levine, is in talks with Superdry and advisor PwC, to ensure that a new asset-backed lending facility is in place before the January deadline for the repayment of the company’s existing loans.

‘I Love Investing In Markets In Which Other Investors Are Panicking’: Former Hedge Fund Manager Shares Ethereum Trade Idea (Benzinga)
Former hedge fund manager Whitney Tilson used a weekly email to subscribers to share a potential trade idea centered around Ethereum, the second-largest cryptocurrency. What Happened: Tilson is a well-known voice covering the markets daily. The former hedge fund manager has made recent calls for investors to avoid Bed Bath & Beyond (BBBY) and Digital World Acquisition Corporation (DWAC) and also encouraged buying the dip on Twitter shares prior to a buyout by Elon Musk.

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Nordic Managers Win EuroHedge Nominations (Hedge Nordic)
Stockholm (HedgeNordic) – With Intelligence has released the first round of nominations for the EuroHedge Awards 2022, with the list featuring seven Nordic hedge funds. Amid a difficult fixed-income market environment in 2022, Norwegian hedge funds Borea Hoyrente and KLP Alfa Global Rente were the only two funds shortlisted in the “Fixed Income” category at the 2022 EuroHedge Awards.

Hedge Fund That Beat 99% of Peers Places Contrarian Bet on Meta (Bloomberg)
As Big Tech reels from the blow of higher interest rates and slowing growth, one top-performing hedge fund manager is going against the tide to bet on the sinking shares of Facebook-owner Meta Platforms Inc. Expensive Silicon Valley tech would not normally feature on the shopping list for the Liontrust GF Tortoise Fund, which its manager Tom Morris describes as a “value-focused hedge fund,” seeking out shares it deems to be cheap.