Those who Do Their Homework End Up Investing in Bitcoin, Scaramucci Says (CNBC)
Hedge fund investor Anthony Scaramucci argues anyone who studies bitcoin carefully and understands the cryptocurrency will be convinced of its potential. “Do the homework on bitcoin, understand what it is,” the founder and managing partner of SkyBridge Capital told CNBC’s “Capital Connection” on Monday. He suggested reading the white paper by the creator of bitcoin, among other materials.
Tiger Global is One of the Largest Shareholders in SoftBank, and the Two are Doing More Mega VC Deals Together, an Insider Says (Business Insider)
Tiger Global and SoftBank Group are frequently portrayed as fierce rivals, two heavyweights with differing investing styles duking it out over competitive startup funding rounds. But increasingly, the two megafunds are pairing up. Tiger and SoftBank have already jointly invested in 37 rounds so far this year, up from 12 in 2020 and six in 2019, PitchBook data compiled for Insider showed.
Hedge Fund Marshall Wace Building Short Position on ASOS Shares (TheArmchairTrader)
Hedge fund Marshall Wace has been spending October slowly building a short position in ASOS (LON:ASC), according to regulatory data (daily FCA short disclosure report). The hedge fund increased its short position in ASOS to 1.32% last week, but it has built that up from 0.67% on 7 October. ASOS has been a favoured short side target with the hedge funds, having hit peaks of close to 8% of stock shorted in early 2016 and again in early 2019. That had slumped to almost zero by the start of 2021 but it looks like ASOS is attracting some more activity.
Source: pexels
Billionaire Investor Paul Tudor Jones Says Bitcoin Is a Better Hedge Against Inflation Than Gold (Gadgets360)
Billionaire investor and philanthropist Paul Tudor Jones, who’s been a vocal Bitcoin backer in the past has stated that the popular crypto-asset is his preferred inflation hedge over gold. The founder of hedge fund Tudor Investment Corp. mentioned at an interview that Bitcoin is currently “winning the race against gold.” Jones referred to inflation as “the number one issue facing investors” and in connection said that there was clearly a place for crypto in investor portfolios. Jones also said went on to mention that he has a single-digit percentage allocation of cryptocurrencies in his personal portfolio.
Gordian Capital Chooses SS&C to Support Leading Alternatives Platform (Hedge Week)
SS&C Technologies Holdings, Inc (Nasdaq: SSNC) has been chosen by Gordian Capital, an Asian institutional fund management platform, with AUM of USD7 billion, to expand its relationship with SS&C Technologies Holdings in Singapore and Japan. The platform, which leverages SS&C GlobeOp for fund administration, has added the Eze Investment Suite to its stack to support trading, portfolio and risk management. As a result, Gordian Capital will now take advantage of the integrated solution in Singapore and Japan, consisting of 25 hedge, private equity, real estate and fund-of-funds.
Hedge Funds Outperform Broader Equity Markets in September as Value Rebounds (Opalesque)
Hedge funds outperformed broader equity markets in September, rising against a backdrop where the S&P 500 (SP500) declined 4.6%. The PivotalPath Hedge Fund Composite rose 0.1% in September, resulting in a 7.4% YTD increase. This was against a backdrop of widely declining markets where the S&P 500 dropped 4.6%. The Composite outperformance of 4.7% vs. the S&P 500 ranks in the top 10% of monthly relative performance since January 1998. In addition, the Composite continues to produce significant alpha (8.2%) relative to the S&P 500 over the last year.
Is Whistleblowing Really Worth $200 Million? (Bloomberg Quint)
(Bloomberg Opinion) — Good incentives for blowing the whistle on bad behavior are great. But $200 million is a hell of a big prize. That’s the amount awarded to a single source of critical information that led to nearly $2.5 billion in fines for Deutsche Bank AG in 2015 for manipulating the discredited and soon-to-be-defunct Libor interest rate, according to reports. The Commodity Futures Trading Commission announced the award last week. It is a record payment to a whistleblower.
Monday 10/25 Insider Buying Report: MLI, HPK (Nasdaq.com)
At Mueller Industries, a filing with the SEC revealed that on Thursday, Director Gary S. Gladstein purchased 11,399 shares of MLI, at a cost of $47.71 each, for a total investment of $543,846. Gladstein was up about 6.6% on the buy at the high point of today’s trading session, with MLI trading as high as $50.88 in trading on Monday. Mueller Industries is trading up about 2.7% on the day Monday. And on Wednesday, President Michael L. Hollis bought $454,540 worth of HighPeak Energy, buying 45,454 shares at a cost of $10.00 each. This purchase marks the first one filed by Hollis in the past year. HighPeak Energy is trading up about 14.8% on the day Monday. So far Hollis is in the green, up about 28.0% on their buy based on today’s trading high of $12.80.
CEO And Chairman Of Snowflake Trades $21M In Company Stock (Benzinga)
Frank Slootman, CEO And Chairman at Snowflake (NYSE:SNOW), made a large buy and sell of company shares on October 20, according to a new SEC filing. What Happened: A Form 4 filing from the U.S. Securities and Exchange Commission states that Frank Slootman exercised options to purchase 63,093 Snowflake shares at a price of $8.88 per share for a total of $560,266 on October 20. They then sold their shares on succeeding transactions in the open market. They sold at prices ranging from ($0.00) to $339.24 to raise a total of $21,164,925 from the stock sale.
The CAO of Prothena (NASDAQ: PRTA) is Buying Shares (Analyst Ratings)
Yesterday, the CAO of Prothena (PRTA), Karin Walker, bought shares of PRTA for $390.2K. In addition to Karin Walker, 2 other PRTA executives reported Buy trades in the last month. Based on Prothena’s latest earnings report for the quarter ending June 30, the company posted quarterly revenue of $60.07 million and quarterly net profit of $27.64 million. In comparison, last year the company earned revenue of $195K and had a GAAP net loss of $26.28 million. The company has a one-year high of $79.75 and a one-year low of $10.72. PRTA’s market cap is $2.75 billion and the company has a P/E ratio of -32.90.
1-800-flowers.com Inc (FLWS) CEO and President Christopher G Mccann Sold $1.1 million of Shares (Guru Focus)
CEO and President of 1-800-flowers.com Inc, Christopher G Mccann, sold 36,100 shares of FLWS on 10/22/2021 at an average price of $29.47 a share. The total sale was $1.1 million.
