Hedge Fund and Insider Trading News: Bill Ackman, Crispin Odey, Warren Buffett, Florin Court Capital, Service Corporation International (SCI), Affiliated Managers Group, Inc. (AMG), and More

Buying Carbon Credits for the Greater Good (Hedge Nordic)
Stockholm (HedgeNordic) – The European Union launched its Emissions Trading System (EU ETS) in 2005 in an effort to create incentives for power generation and energy-intensive industries to slash CO2 emissions. With some of the system’s structural deficiencies of oversupply now fixed, the European Green Deal unveiled this July and broader efforts to cut carbon emissions, the price of carbon credits traded in Europe soared to over €50 per metric ton of carbon dioxide.

Wednesday 8/4 Insider Buying Report: AMG, EPD (Nasdaq.com)
At Affiliated Managers Group, a filing with the SEC revealed that on Monday, Director Dwight D. Churchill purchased 1,000 shares of AMG, at a cost of $160.89 each, for a total investment of $160,890. Affiliated Managers Group is trading down about 0.4% on the day Wednesday. Before this latest buy, Churchill bought AMG at 2 other times during the past twelve months, for a total cost of $137,240 at an average of $68.62 per share. And at Enterprise Products Partners, there was insider buying on Friday, by Director John R. Rutherford who purchased 6,000 shares at a cost of $22.73 each, for a total investment of $136,375. Before this latest buy, Rutherford made one other purchase in the past year, buying $76,880 shares for a cost of $19.22 each. Enterprise Products Partners is trading off about 0.7% on the day Wednesday. Investors can pick up EPD at a price even lower than Rutherford did, with the stock changing hands as low as $22.14 at last check today which is 2.6% below Rutherford’s purchase price.

The Vice Pres. Corp. Controller of Service International (NYSE: SCI) is Selling Shares (Analyst Ratings)
On August 3, the Vice Pres. Corp. Controller of Service International (SCI), Tammy Moore, sold shares of SCI for $1.36M. Following Tammy Moore’s last SCI Sell transaction on May 12, 2021, the stock climbed by 9.8%. In addition to Tammy Moore, 3 other SCI executives reported Sell trades in the last month. Based on Service International’s latest earnings report for the quarter ending June 30, the company posted quarterly revenue of $988 million and quarterly net profit of $158 million.

Carvana Co (CVNA) CFO Mark W. Jenkins Sold $3.4 million of Shares (Guru Focus)
CFO of Carvana Co, Mark W. Jenkins, sold 10,000 shares of CVNA on 08/02/2021 at an average price of $336.02 a share. The total sale was $3.4 million.

Steve Cohen’s Point72 Ventures Makes First Crypto Bet (Bloomberg)
Steve Cohen’s Point72 Ventures has made its first cryptocurrency investment, backing analytics firm Messari Inc.

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