Billionaire Investor Bill Ackman has Likely Scored a $200 Million Gain on Domino’s Pizza Stock in the Past 14 Weeks (Business Insider)
Billionaire investor Bill Ackman has likely made over $200 million on Domino’s Pizza stock in the past 14 weeks. Ackman’s fund, Pershing Square Capital Management, owned just over 2 million Domino’s shares worth $749 million on March 30, regulatory filings show. The pizza-delivery chain’s stock price has surged by 31% since then, boosting the value of Pershing’s stake to about $980 million – a roughly $230 million gain.
Billionaires Gates & Soros Reportedly Step in to Cover Fraction of Foreign Aid Cut by UK, But Some Question their Intentions (RT.com)
In an apparent attempt to shame Boris Johnson’s government for its decision to cut Britain’s foreign aid, the who’s who of the world of billionaire philanthropy are said to have pledged to cover a small part of the diverted money. A group of international charities this week pledged to invest £93.5 million ($130m) into causes that will be missing money from the UK this year. The temporary funding will go to poor countries including Bangladesh, Ethiopia, Kenya, Malawi, Mozambique, Nepal, Nigeria, Sudan, South Sudan, Tanzania, Uganda and Zambia. It will be spent on programs including ones that treat neglected diseases and offer contraception.
OQAM Adds Board Muscle (Hedge Nordic)
Stockholm (HedgeNordic) – Malmö-based quantitative asset management firm OQAM welcomes two new Board members: Michel André, CIO at EQT-owned Banking Circle, and Daniel Leveau, Head of Investor Solutions at SIGTech. “We are excited to announce two new members to OQAM’s Board of Directors,” writes OQAM in a press release. “We are thrilled to welcome them to our team and very much look forward to working with them as OQAM enters its next growth phase where their experience and knowledge will be invaluable.”
Photo by Austin Distel on Unsplash
Healthcare Hedge Fund Rhenman Rises 12 per cent This Year, as Biotech and Pharma Bets Drive June Returns (Hedge Week)
Healthcare-focused equity hedge fund Rhenman & Partners scored a near-12 per cent return in the first six months of the year, as a number of correct calls in biotechnology and pharmaceuticals stocks drove gains in June. The Stockholm-based manager’s flagship strategy rose 5 per cent last month overall. Its main euro-denominated IC1 share class was up 5.04 per cent in June, surging to 11.58 per cent year-to-date, while the SEK-denominated RC1 advanced 5.14 per cent last month, bringing its first half performance to 12.07 per cent. By comparison, Hedge Fund Research’s healthcare-focused equity hedge fund index was up 0.61 per cent in June, and 2.57 per cent for the year, with the broader industry-wide HFR Fund Weighted Composite Index up 12.72 per cent YTD.
Hedge Funds Question How Green Investing will Impact Assets (Funds-Europe.com)
Hedge fund investors are likely to demand information on ESG performance every 18 days, according to research that reveals concern in some parts of the industry that green investing will be good for their business.The majority of firms surveyed did feel ESG investing would increase assets under management (AUM) in the next five years – but nearly a third of the 100 hedge fund CFOs surveyed internationally did not.
Opalesque Roundup: Confidence in Hedge Funds is Soaring: Hedge Fund News, Week 27 (Opalesque)
In the week ending July 9th 2021, a report said that amid double-digit returns and increasing assets under management, hedge fund managers have grown even more optimistic about their business prospects over the next 12 months. According to the second quarter Hedge Fund Confidence Index (HFCI) from AIMA, Simmons & Simmons, and Seward & Kissel, the average measure of confidence has risen to +19.5, up from an average of +18.4 in Q1. Hedge fund performance advanced in June, extending the streak of consecutive monthly gains to nine and completing the best first half of a calendar year since 1999, driven by optimism regarding the US economic reopening and despite increasing signs of building inflationary pressures in the US and Europe.
$58 Billion Two Sigma’s Impact Investing Arm Just Invested in the Booming In-Home Healthcare Space. Here’s How it Plans to Use Data Science to Boost Employee Retention. (Business Insider)
$58 billion quant hedge fund Two Sigma just scooped up a business in the booming in-home healthcare segment. The firm’s impact investing unit has acquired San Antonio, TX-based Circle of Care, a provider of in-home pediatric therapy services. A spokesperson for Two Sigma declined to share the amount invested or the company’s valuation.
The Past Week’s Notable Insider Buys Include Krispy Kreme, Biotechs, SPACs And More (Benzinga)
Daniel Loeb, a SentinelOne Inc beneficial owner, indirectly acquired almost 227,900 shares last week at about $49.52 apiece. That cost him over $11.28 million. The founder of Third Point also bought almost 943,600 shares of this cybersecurity provider in the previous week at the IPO price of $35.00. Krispy Kreme Inc (DNUT) Board Chair Olivier Goudet purchased more than 294,100 shares during the week, and a 10% owner affiliated with former parent JAB Holding picked up over 5.88 million shares as well. At a price of about $16.02 apiece, the cost of those shares totaled more than $98.96 million altogether. Note that the stock closed the week at $19.29 per share.
Insider Trading: July 12, 2021 (BIV)
Insider Christian Legat, officer. Company: Telus International Inc. (TSX:TIXT). Shares owned: 4,767,928. Trade date: June 24, 25. Trade total: $8,874,648. Trade: Sale of 281,149 shares at prices from $31.56 to $31.57 per share. Insider Pierre Lassonde, 10% owner. Company: Prime Mining Corp. (TSX-V:PRYM). Shares owned: 2,200,00. Trade date: June 28. Trade total: $2,015,000. Trade: Acquisition of 500,000 shares at a price of $4.03 per share.
The Executive Vice-President of Fireweed Zinc (Other OTC: FWEDF) is Buying Shares (Analyst Ratings)
Today, the Executive Vice-President of Fireweed Zinc (FWEDF), George Arthur Gorzynski, bought shares of FWEDF for $18K. In addition to George Arthur Gorzynski, 3 other FWEDF executives reported Buy trades in the last month. This recent transaction increases George Arthur Gorzynski’s holding in the company by 1% to a total of $918.8K. The company has a one-year high of $0.97 and a one-year low of $0.39. The insider sentiment on Fireweed Zinc has been positive according to 15 insider trades in the past three months. This sentiment is slightly higher than the average sentiment of company insiders in this sector.
Cloudflare Inc (NET) President and COO Michelle Zatlyn Sold $7.2 million of Shares (Guru Focus)
President and COO of Cloudflare Inc, Michelle Zatlyn, sold 66,660 shares of NET on 07/08/2021 at an average price of $107.96 a share. The total sale was $7.2 million.
“TheBull” Charged with Selling “Insider Trading Tips” on the Dark Web (HedgeCo.net)
(HedgeCo.Net) The Securities and Exchange Commission charges Apostolos Trovias, a Greek national, with perpetrating a fraudulent scheme to sell what he called “insider trading tips” on the Dark Web. The Dark Web, which facilitates anonymity by obscuring users’ identities, allows users to purchase and sell illegal products and services, and in this case, insider trading tips. According to the SEC’s complaint, filed in the U.S. District Court for the Southern District of New York, from at least December 2016 through early 2021, Trovias—operating under the pseudonym “TheBull” – engaged in a deceptive scheme to offer and sell so-called “insider trading tips” on Dark Web marketplaces to purchasers whom Trovias offered an unfair advantage for trading securities in the public markets.
