CTAs Come to the Rescue (Hedge Nordic)
Stockholm (HedgeNordic) – With Nordic equity and fixed-income hedge funds down in May, it was the turn of CTAs to push the Nordic Hedge Index higher. Nordic CTAs advanced 1.7 percent on average last month (92 percent reported), bringing the group’s 2021 performance further into positive territory at 3.8 percent. Ten of the 12 members of NHX CTA with reported May figures posted gains last month.
Crypto Hedge Fund Argentium Commits to Carbon Neutrality (Hedge Week)
Argentium Digital Asset Management, a London-based cryptocurrency hedge fund founded by ex-JP Morgan and Credit Suisse manager Paul Frost-Smith, has committed to a carbon-neutral investment approach. The fund’s blockchain activity will be independently assessed annually for carbon impact, with Argentium pledging to purchase carbon credits or offsets to neutralise that impact. In addition, Argentium will purchase credits or offsets to cover its own carbon footprint.
Monday 6/7 Insider Buying Report: BKI, FEYE (Nasdaq.com)
On Wednesday, Black Knight’s Chief Executive Officer, Anthony M. Jabbour, made a $997,603 purchase of BKI, buying 13,900 shares at a cost of $71.77 a piece. So far Jabbour is in the green, up about 1.8% on their buy based on today’s trading high of $73.06. Black Knight Inc is trading off about 1.2% on the day Monday. And on Friday, COO John P. Watters purchased $468,628 worth of FireEye, purchasing 25,000 shares at a cost of $18.75 a piece. FireEye is trading up about 2.1% on the day Monday. So far Watters is in the green, up about 3.3% on their buy based on today’s trading high of $19.36.
BlueBay Strengthens Sales Team in Germany and Austria (Hedge Week)
Specialist fixed income manager, BlueBay Asset Management (BlueBay), is strengthening its sales team in Germany and Austria with the appointment of Michael Wolfram (37) as Head of Institutional Sales Germany & Austria. Based in Munich, Wolfram reports to Viola Patock, Head of Northern Europe. Speaking about Michael’s appointment, Patock says, “We are delighted to be strengthening our physical presence in Northern Europe with the addition of Michael. He brings a wealth of knowledge with him that will support our client-focused efforts.
Insider Trading: June 7, 2021 (BIV.com)
Insider George Leslie Brack, other. Company: Capstone Mining Corp. (TSX:CS). Shares owned: 817,700. Trade date: May 20. Trade total: $1,035,464. Trade: Sale of 182,300 shares at a price of $5.68 per share. Insider Richard James Hall, director. Company: Orla Mining Ltd. (TSX:OLA). Shares owned: 2,333,900. Trade date: May 20, 21. Trade total: $467,298. Trade: Sale of 84,600 shares at prices from $5.45 to $5.57 per share.
The Past Week’s Notable Insider Buys: Dun & Bradstreet, Norfolk Southern And More (Benzinga)
The sponsor and 10% owner of special purpose acquisition company ARYA Sciences Acquisition III Corp (ARYA) indirectly bought more than 330,000 of its shares last week. At prices ranging from $10.01 to $10.15 per share, that cost the owner more than $3.31 million. This latest transaction raised the owner’s stake to almost 490,000 shares. The purchase of almost 47,000 more PennyMac Financial Services Inc (PFSI) shares by a director (and frequent buyer) for an average of $62.67 per share totaled more than $2.94 million. Note that a beneficial owner sold almost 191,300 shares of this California-based mortgage company last week as well.
The Chairman of Allscripts (NASDAQ: MDRX) is Selling Shares (Analyst Ratings)
Yesterday, the Chairman of Allscripts (MDRX), Michael A Klayko, sold shares of MDRX for $1.82M. Following Michael A Klayko’s last MDRX Sell transaction on June 14, 2018, the stock climbed by 5.6%. In addition to Michael A Klayko, 3 other MDRX executives reported Sell trades in the last month. The company has a one-year high of $18.16 and a one-year low of $5.77. Currently, Allscripts has an average volume of 984.11K. MDRX’s market cap is $2.55 billion and the company has a P/E ratio of 3.90.
Epam Systems Inc (EPAM) CEO, President, Chairman Arkadiy Dobkin Sold $19 million of Shares (Guru Focus)
CEO, President, Chairman of Epam Systems Inc, Arkadiy Dobkin, sold 40,000 shares of EPAM on 06/01/2021 at an average price of $475.88 a share. The total sale was $19 million.
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