Hedge Fund and Insider Trading News: George Soros, Ray Dalio, Ken Griffin, Daniel Och, EDL Capital, Rokos Capital Management, Precigen Inc (PGEN), Sigilon Therapeutics, Inc. (SGTX), and More

Insider Monkey

Soros Retreats as Right Wing Gains in Europe (Bloomberg)
George Soros has been branded as a bogeyman by the right wing for backing liberal causes around the globe. That’s nowhere more true than in Eastern Europe, where he has spent billions of dollars to promote democratic values following the fall of the Iron Curtain. Now, it seems, he’s retreating.

Ken Griffin’s Citadel is Having Another Good Year as Its Flagship Fund Surges 9% (Business Insider)
Billionaire Ken Griffin‘s hedge fund Citadel is notching up another strong year. Wellington, the $59 billion powerhouse’s multi-strategy flagship fund, is up about 9% since the start of January, a person familiar with the matter told Bloomberg, after gaining 1.3% last month. The booming performance is largely due to Citadel’s commodities bets. As part of its core investments, the capital-markets firm has reaped big gains from its commodities trades. They produced returns of about $8 billion last year – roughly half of the firm’s overall profits.

Sculptor Co-Founder Blasts Hedge Fund’s Planned Acquisition by Rithm (Pensions&Investments)
Billionaire investor Daniel Och and four other former employees of the New York-based hedge fund Sculptor Capital Management have filed a letter with federal regulators criticizing the planned $639 million acquisition of the firm by Rithm Capital. In a letter filed with the U.S. Securities and Exchange Commission on Wednesday, Mr. Och and the four others posited that the sale price “significantly undervalues” the firm and thus penalizes shareholders of the publicly traded Sculptor Capital, while “further entrench(ing) the interests of current Company management.”


Image by Gerd Altmann from Pixabay

China’s Sliding Yuan could be Next ‘Black Swan Event’ for Markets, Hedge Fund EDL Says (Reuters)
Hedge fund EDL Capital is betting on further falls for China’s offshore currency and says the yuan’s slide could be the next “black swan event” to rattle world markets, according to an investor presentation this month seen by Reuters. The U.S. dollar has strengthened roughly 6% against the offshore yuan so far this year and Chinese state banks have been seen selling dollars this week to stem the yuan fall.

Ray Dalio Bought this Dividend Stock (Finbold)
Ray Dalio’s Bridgewater Associates is the largest hedge fund in the world, with over $123 billion in assets under management. Recently, the fund revealed to the United States Securities and Exchange Commission (SEC) which companies it bought and which it sold. Bridgewater sold shares of Netflix, Broadcom, and Home Depot. But it did buy this dividend stock. AT&T (NYSE: T): AT&T (NYSE: T) is a holding company that provides telecommunication and technology services worldwide via its subsidiaries.