Steps to Starting Your Own Hedge Fund for the Experienced Manager (Hedge Week)
Experienced hedge fund managers looking to set up on their own should take note – running a book and launching a fund are two very different things. So says Peter Greene, a partner at law firm Lowenstein Sandler in New York, who outlines four vital steps on the road to a successful launch…
Poker Players Make Hedge Fund Winners (The Times)
Mike Platt, co-founder of the hedge fund Bluecrest, has a simple employment strategy. “I look for the type of guy in London who gets up at seven o’clock on Sunday morning when his kids are still in bed and logs on to a poker site so that he can pick off the US drunks coming home on Saturday night.” His instincts are right. A study has found that the best hedge fund managers are the keenest poker players. If you invest in a hedge fund whose manager wins tournaments, then your expected return is 0.1 to 0.4 per cent a month higher than one controlled by someone who stays out of the casinos.
The President & CEO of Automatic Data Processing (NASDAQ: ADP) is Buying Shares (Analyst Ratings)
Today, the President & CEO of Automatic Data Processing (ADP), Carlos A. Rodriguez, bought shares of ADP for $12.49K. Following Carlos A. Rodriguez’s last ADP Buy transaction on January 03, 2019, the stock climbed by 40.4%. In addition to Carlos A. Rodriguez, 3 other ADP executives reported Buy trades in the last month. Based on Automatic Data Processing’s latest earnings report for the quarter ending March 31, the company posted quarterly revenue of $3.85 billion and quarterly net profit of $754 million.
The Trade Desk Inc (TTD) President and CEO Jeffrey Terry Green Sold $2.3 million of Shares (Guru Focus)
President and CEO of The Trade Desk Inc (NASDAQ:TTD) Jeffrey Terry Green sold 10,000 shares of TTD on 07/01/2019 at an average price of $233.5 a share. The total sale was $2.3 million. The Trade Desk Inc provides technology platform for ad buyers. It provides a self-service platform that enables clients to purchase and manage data-driven digital advertising campaigns using their own teams. The Trade Desk Inc has a market cap of $10.41 billion; its shares were traded at around $233.83 with a P/E ratio of 121.78 and P/S ratio of 21.23. GuruFocus has detected 1 severe warning signs with The Trade Desk Inc.
The EVP & GC of Columbia Banking System (NASDAQ: COLB) is Buying Shares (Analyst Ratings)
Today, the EVP & GC of Columbia Banking System (COLB), Kumi Yamamoto Baruffi, bought shares of COLB for $8,433. In addition to Kumi Yamamoto Baruffi, 3 other COLB executives reported Buy trades in the last month. Following this transaction Kumi Yamamoto Baruffi’s holding in the company was increased by 1.51% to a total of $628.9K.
