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PERSONNEL Profiles/Developments

Paul Tudor Jones Hits Palm Beach With Mick Mulvaney by His Side

Paul Tudor Jones sat with Mick Mulvaney, the acting White House chief of staff, on Saturday night in Palm Beach. It might’ve been the closest the hedge fund manager has come to achieving alpha in his decades-long fight for the Everglades.

Just six days earlier, Florida’s new governor, Ron DeSantis, sent a request to President Donald Trump for $200 million in annual funding for Everglades restoration. Mulvaney -- also the director of the Office of Management and Budget -- can help make it happen.

Meet the boss of one of Europe’s top hedge fund performers

Three years ago Bruno Crastes delivered a presentation to bond investors in Miami called “Bye-bye beta, hello alpha” — but the title of the talk could have been: “Bye bye Bill Gross.”

Mr Crastes, a fixed-income investor, may not have the global reputation of “bond king” Mr Gross but, softly softly, he has become one of Europe’s best-performing absolute return managers...

Hedge Fund Billionaire Invests in Swedish AI Startup Peltarion

Euclidean Capital, the family office of hedge fund billionaire James Simons, is leading a $20 million investment in Peltarion AB, a Swedish startup whose software platform helps companies use artificial intelligence.

The new funding values Peltarion at $110 million, Luka Crnkovic-Friis, the company’s co-founder and chief executive officer, said in an interview. Also participating in the round are existing investors EQT Ventures and FAM, a holding company owned by three foundations established by Sweden’s prominent Wallenberg family...

 

Paul Tudor Jones To Save World (And Capitalism) With An ETF

Paul Tudor Jones has seen it coming for years: The growing wealth inequality, the conspicuous consumption of his fellow billionaires, the endless stock buybacks pushed by his compatriot hedge-fund managers are the little people fall further and further behind. It all adds up to people having second thoughts about capitalism, Alexandria Ocasio-Cortez, Green New Deals and—worst of all—higher taxes. And unlike the people currently running this country, PTJ doesn’t think that simply yelling, “SOCIALISM! SOCIALISM!” will stop the red tide...

Hedge Fund Co-Founder Gets 30 Months for Role in Alleged Bribery Scheme

The co-founder of defunct hedge fund Platinum Partners was sentenced to 30 months in prison for what federal prosecutors said was his role in a scheme to bribe the former head of New York City’s jail officers union.

Murray Huberfeld, 58 years old, pleaded guilty last year to conspiracy to commit wire fraud. On Tuesday, U.S. District Judge Alvin Hellerstein sentenced him to the prison term, plus three years of supervised release and $19 million in restitution...

His Hedge Fund Shut, Whitney Tilson Says Now He’ll Try Research

Whitney Tilson is back. But not as an investor -- he’s going into the research business.

The former hedge fund manager announced Friday that he’s launching Empire Financial Research with "old friend" Porter Stansberry and Stansberry Research. Empire will provide “advice, commentary and in-depth research and analysis to help people around the world become better investors,” Tilson said in an email...

Hedge Fund Founder Jeff Tannenbaum’s Next Act Will Be Green

Jeff Tannenbaum made his fortune through investing; now he’s investing that fortune.

He’s chairman emeritus at New York-based Fir Tree Capital Management LP, the hedge fund he founded in 1994, though he began handing over investment responsibilities in the early 2000s and had ceased day-to-day portfolio management by the middle of the decade. In recent years the firm has struggled with staff departures, soured investments, and a drop in assets of more than half from a peak of $13 billion in 2015...