Hedge Fund and Insider Trading News: Anthony Scaramucci, Alexander Klabin, Citadel LLC, Netflix Inc (NFLX), Entercom Communications Corp (ETM), and More

How SPACs Stack up to Buyouts (Preqin.com)
2020 has been described as the “Year of the SPAC,” but capital raised by these vehicles is less than 4% of the dry powder available to buyout funds. Sir Richard Branson has become the latest high-profile figure to jump on the SPAC bandwagon. On 16 September, VG Acquisition Corp filed documents for a $410mn IPO of a special acquisition company (SPAC) that would target sectors in Europe and the US where Branson’s Virgin Group has experience, including travel & leisure, financial services, health & wellness, technology & internet-enabled, music & entertainment, media & mobile, space, and renewable energy.

Netflix Inc (NFLX) Co-CEO Reed Hastings Sold $16.6 million of Shares (Guru Focus)
Co-CEO of Netflix Inc., Reed Hastings, sold 34,853 shares of NFLX on 09/21/2020 at an average price of $476.68 a share. The total sale was $16.6 million. Netflix Inc provides multimedia content through the internet. It provides a subscription based platform for television shows, movies and original series.

The COB, Pres & CEO of Entercom Communications (NYSE: ETM) is Buying Shares (Analyst Ratings)
Yesterday, the COB, Pres & CEO of Entercom Communications (ETM), David Field, bought shares of ETM for $351.7K. Following this transaction David Field’s holding in the company was increased by 9.76% to a total of $4.12 million. In addition to David Field, one other ETM executive reported Buy trades in the last month.

Managers at Major Index Provider, Sushi Restaurant Charged With Insider Trading (Institutional Investor)
A senior index manager at S&P Dow Jones Indices has been charged the U.S. Securities and Exchange Commission and the Justice Department for insider trading. According to complaints filed Monday by both entities, Yinghang “James” Yang allegedly used information that he learned on the job to help his friend Yuanbiao Chen, a manager at a sushi restaurant, trade options on companies before they were added to or removed from S&P indices.

Crowdstrike Holdings Inc (CRWD) PRESIDENT AND CEO George Kurtz Sold $7.6 million of Shares (Guru Focus)
PRESIDENT AND CEO of Crowdstrike Holdings Inc., George Kurtz, sold 58,088 shares of CRWD on 09/21/2020 at an average price of $130.96 a share. The total sale was $7.6 million. CrowdStrike Holdings Inc has a market cap of $31.31 billion; its shares were traded at around $142.68 with and P/S ratio of 46.06. GuruFocus has detected 1 severe warning sign with CrowdStrike Holdings Inc.