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Hedge Fund and Insider Trading News: Alan Howard, Crispin Odey, Forty Seven Inc (FTSV), Templeton Dragon Fund Inc (TDF), Magna International Inc. (USA) (MGA), and More

Brevan Howard, Stone Milliner Founders Back Data Firm Qi (Reuters)
LONDON (Reuters) – Two of Europe’s leading macro hedge fund investors are backing a machine learning data analytics firm that aims to give traders an edge in picking winning bets across stocks and indexes. Alan Howard, founder of Brevan Howard, and Jens-Peter Stein, founder of Stone Milliner, took part in the latest funding round for analytics firm Quant Insight (Qi), which aims to show how stocks are influenced by macroeconomic factors. Qi said 80 percent of the money raised in the “multi-million-dollar” financing came from clients, although specific details were not disclosed.

Crispin Odey’s Hedge Fund Is Making Money Again (Bloomberg)
Crispin Odey is making money again as markets start to reflect his bearish outlook. The flagship Odey European Inc. fund returned 2.9 percent in June, its sixth straight monthly advance, according to an investor update seen by Bloomberg News. The gains mark the hedge fund’s longest winning streak since 2013 and boost returns for the first half to 23 percent. Selloffs have led equity hedge funds to return less than 1 percent on average in 2018, according to preliminary estimates from Eurekahedge. Odey predicted a market crash for years, and until now suffered deep losses when his forecasts didn’t come true.

Countries with the Smallest Government Per Capita in the World


‘This is Unbelievable’: Hedge Fund Star Dims, and Investors Flee (
For years, David Einhorn’s investors did not seem to mind his unusual ways – the aloofness toward clients, midday naps, unpopular stock picks, late nights on the town. Until the billionaire hedge fund manager fell into a slump. After more than a decade of winning on Wall Street, Einhorn’s Greenlight Capital has shrunk to about $5.5bn in assets under management, his investors estimate, from a reported $12bn in 2014, and his investments are struggling. “My patience is wearing thin,” said Morten Kielland, chairman of investment-management firm Key Family Partners SARL and an early Greenlight investor, who said he has withdrawn much of his firm’s money from the fund. “This is unbelievable.”

Insider Buying: Forty Seven Inc (FTSV) Major Shareholder Purchases $3,200,000.00 in Stock (
Forty Seven Inc (NASDAQ:FTSV) major shareholder Lifesciences Iii L.P. Clarus acquired 200,000 shares of the stock in a transaction on Monday, July 2nd. The stock was acquired at an average cost of $16.00 per share, for a total transaction of $3,200,000.00. The acquisition was disclosed in a filing with the SEC.

Insider Buying: Templeton Dragon Fund Inc (TDF) Major Shareholder Acquires 113,350 Shares of Stock (
Templeton Dragon Fund Inc common stock (NYSE:TDF) major shareholder City Of London Investment Group acquired 113,350 shares of the firm’s stock in a transaction dated Friday, June 29th. The shares were purchased at an average price of $21.19 per share, with a total value of $2,401,886.50. The purchase was disclosed in a filing with the SEC.

Insider Buying: Summer Energy Holdings Inc (SUME) Director Acquires 85,100 Shares of Stock (
Summer Energy Holdings Inc (OTCMKTS:SUME) Director Andrew Bursten purchased 85,100 shares of the stock in a transaction on Friday, June 29th. The shares were purchased at an average price of $1.50 per share, with a total value of $127,650.00. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website.

Insider Buying: Tricida Inc (TCDA) SVP Purchases 13,158 Shares of Stock (
Tricida Inc (NASDAQ:TCDA) SVP Edward J. Hejlek bought 13,158 shares of the business’s stock in a transaction on Monday, July 2nd. The shares were acquired at an average price of $19.00 per share, with a total value of $250,002.00. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website.

Magna International Inc. (USA) (NYSE:MGA) (
On June 29, Francis Seguin, executive vice-president – corporate projects and strategy Development, purchased 12,600 shares at a cost per share of $77.13, lifting his portfolio’s holdings to 60,308 shares.

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