Hedge Fund and Insider Trading News: Sanjay Shah, Two Sigma, Platinum Asset Management, Ivanhoe Electric Inc (IE), Third Harmonic Bio, Inc. (THRD), and More
Summary
Regals interest was disclosed in an after-market filing revealing that it has accumulated more than 32 million Platinum shares since June 14, worth $56.1 million at Tuesdays closing price of $1.74.British Hedge Fund Trader to Be Sent to Denmark to Face Tax Case (Bloomberg) A British hedge fund trader lost his battle to avoid extradition to Denmark to face charges that he helped facilitate the Cum-Ex tax trades that swindled the Danish treasury of about 9 billion Danish kroner ($1.2 billion). Venns suite of investment evaluation, due diligence and asset allocation workflows will be combined with Coin Metrics mix of reference data and indexes, calculated in USD and euros for over 475 assets, the companies said on Tuesday.Foresight, Preparation, and Conviction (Hedge Nordic) Stockholm (HedgeNordic) The market environment in 2022 was ripe for the agile, diversified and active investor, as market participants had to navigate and respond to a multitude of risks inflationary surges, interest rate hikes, recessions and war, among others. Given that the August performance was so mixed, it should be no surprise to see that only 56.5% of hedge funds administered by Citco generated positive returns, compared to 69.9% in July.AQR, DRW Commodities, Winston, Capstone and Flow Traders Launch Nickel Crisis Legal Action Against the LME (Hedge Week)AQR Capital Management, Winton Capital Management, DRW Commodities, Flow traders and Capstone Investment Advisors are bringing a lawsuit against The London Metal Exchange (LME) over its decision to cancel trades worth billions of dollars during a short squeeze in the price of nickel, according to a report by Bloomberg. The LME says the filing of the commercial court claim in London, which was made public by court records released last week, is without merit and it will oppose the application.Cathie Woods Ark ETF is getting crushed the basic investing Lesson We can all Learn (Yahoo Finance) Its been two years since Cathie Woods ARK Invests breakout during the pandemic, and in the time since, the fund has hit a major rough patch. You will also find details of advisory committees, GP and minimum LP commitments, and how changes to contractual terms are handled with key-man provisions and no-fault divorce clauses.