Bill Ackman, an Early Coupang investor, Donates His More than $1 Billion Stake to Charity (CNBC)
Billionaire investor Bill Ackman mentioned Monday he donated his total stake in Coupang – price greater than $1 billion – to charity following the South Korean e-commerce firm’s IPO final week. Ackman, who runs the Pershing Sq. Capital Administration hedge fund, invested his private cash as an early backer of Coupang, CNBC first reported final Thursday on the agency’s NYSE debut.
Two Sigma to Test Remote Work Twice a Week After Labor Day (Bloomberg)
Two Sigma Investments plans to ask employees to return to the workplace in September and can experiment with a hybrid mannequin that enables them to work remotely two days every week. Workers ought to count on the change to take impact after Labor Day, “however that’s going to rely on the science, the provision of vaccines, and faculties opening, world rules,” Two Sigma Chief Know-how Officer Jeff Wecker mentioned Monday through the AI and Information Science in Buying and selling convention.
Billionaire Investor Mike Novogratz Says Bitcoin will be Like a Report Card that Measures How the Government is Handling Citizens’ Finances (Enterprise Insider)
Bitcoin bull Mike Novogratz informed CNBC on Monday he expects residents to view bitcoin as a report card that measures how the federal government is dealing with their funds. “Bitcoin will actually be like a report card for the way residents assume the federal government is doing managing their funds,” the Galaxy Digital CEO mentioned on CNBC’s “Squawk Field” after the cryptocurrency hit a file excessive above $61,000 over the weekend.
New Hedge Fund Anomaly Capital Picks 510 Madison for HQ (Business Observer)
Anomaly Capital Administration, a brand new hedge fund based by the previous co-chief funding officer of Viking International Buyers, will arrange store at 510 Madison Avenue in Midtown, Business Observer has realized. Anomaly inked a deal for 11,500 sq. toes on the whole twenty fifth ground of Boston Properties’ 30-story constructing between East 52nd and East 53rd streets, a supply with information of the deal mentioned.
Blackstone’s Hedge-Fund Business to Launch Growth Strategy (The Wall Avenue Journal)
The world’s largest investor in hedge funds has employed former hedge-fund supervisor Scott Bommer to launch a brand new development technique, a transfer geared toward increasing Blackstone Group Inc.’s hedge-fund enterprise with choices supposed to generate massive returns for shoppers. The Blackstone Horizon platform, to be run by Mr. Bommer, will thematically put money into cash managers centered on fast-growing private and non-private firms, Blackstone mentioned. Horizon additionally will make investments instantly in inventory markets.
Industry Recognition for Nordic HFs (Hedge Nordic)
Stockholm (HedgeNordic) – 5 Nordic hedge fund managers have been distinguished finally week’s Hedgeweek European Awards, compiled together with Bloomberg. The awards are based mostly on a peer overview system and determined by a ballot of Hedgeweek’s readers, together with institutional and high-net-worth-investors, hedge fund managers, and different business professionals. For the supervisor classes, the shortlists on the Hedgeweek European Awards 2021 are based mostly on information supplied by Bloomberg, with the candidates being chosen based mostly on annualized efficiency over the 12-month interval ending September 2020.
Ex-H2O and State Street Execs Unveil ESG-Focused Macro Hedge Fund LIOR Global (Hedge Week)
Jeremy Touboul, a former fund supervisor at H2O Asset Administration, and Raphaël Remond, former CEO of State Avenue France, have launched LIOR International Companions, a brand new sustainability-focused discretionary world macro hedge fund agency. LIOR International Companions will use a top-down analysis course of to determine a mixture of directional, relative worth and thematic funding alternatives throughout a mixture of credit score, equities, sovereign bonds and currencies, investing each lengthy and brief to generate absolute returns no matter market atmosphere.