Hedge Fund and Insider Trading News: Anthony Scaramucci, Luminus Management LLC, Point72 Asset Management, Shanghai Minghong Investment Management Co., Latham Group Inc (SWIM), and More
Luminus Management LLC, a hedge fund that invests in the energy and power sectors, has sold almost all the assets in its largest fund to return money to investors. New York-based Luminus began to unwind holdings in its Energy Partners fund about a year ago, when the Covid-19 pandemic triggered market turmoil and prompted investors to withdraw their money, according to people familiar with the matter. The total value that the firm manages has fallen to $1.15 billion, from about $2.1 billion in March 2020, one of the people said.