Bridgewater Gains 7.8% in December as One Big Month Saves Year (Bloomberg)
Ray Dalio’s Bridgewater Associates posted a December return of 7.8% through Wednesday for its flagship hedge fund and is now poised to book its best annual performance since 2018, after a lackluster 11 months. The $150 billion firm’s Pure Alpha II fund was up 8.14% on the year, according to a person familiar with the performance who declined to elaborate on what wagers contributed to the December results.
Pershing Square Tontine: Beaten Down, Unloved, Forgotten, But Compelling (Seeking Alpha)
Bill Ackman‘s SPAC trades at a discount to NAV, offering investors a virtually risk-free look at any upside he can produce. Ackman remains highly incentivized to consummate an accretive merger with PSTH. In capital return scenarios – both via failure to find a deal or via the “SPARC” – investors stand to make a low single digit IRR.
Jana Partners Nominates Two to TreeHouse’s Board (Reuters)
(Reuters) – Hedge fund Jana Partners said on Thursday it nominated two directors to the board of TreeHouse Foods Inc, months after it pushed for changes at the packaged food maker. The private-label food group said in November it was exploring options including a sale of the company or divestment of a unit after pressure from the activist investor.
Rawpixel.com/Shutterstock.com
Unphased By DOJ Probe, Hedge Funds Continue To Issue Short Reports (Forbes)
The Department of Justice is reportedly investigating the relationship between research firms that publish short reports and the hedge funds that short the companies in those reports. However, many hedge funds are holding their ground as the investigation proceeds, and they continue to issue short reports and act upon them.
Citi and Nine Masts Group Sues China Aoyuan Group (SWFI)
China Aoyuan Group Limited or Aoyuan is one of the largest-scale property developer headquartered in Guangzhou, Guangdong, China. Hedge fund Nine Masts Capital and Citibank took legal action to recoup more than US$ 131 million owed to them by China Aoyuan Group, a cash-strapped mainland China developer. On December 23, 2021, Nine Masts and Citibank…
Hindsight Capital Again Made The Year’s Best Trades (Bloomberg)
The New Year is almost here, and it’s time once again to visit the offices of Hindsight Capital LLC. Regular readers will know that I have been interviewing the managers of this remarkable fund at the end of each year for over a decade. They use the one strategy that always beats all others, in all situations: hindsight. In other words, they can place trades at the beginning of the year in full knowledge of how things will result.
Hedge Fund Software Market Size, Analysis, Forecast to 2029 | Key Players – Eze Software, FundCount, Northstar Risk, VestServe, FXCM, Imagineer Technology Group (Industrialit.com)
New Jersey, United States,- The latest report published by Verified Market Research shows that the Hedge Fund Software Market is likely to garner a great pace in the coming years. Analysts examined market drivers, confinements, risks and openings in the world market. The Hedge Fund Software report shows the likely direction of the market in the coming years as well as its estimates. A close study aims to understand the market price. By analyzing the competitive landscape, the report’s authors have made a brilliant effort to help readers understand the key business tactics that large corporations use to keep the market sustainable.
An Insider at Oaktree Specialty Lending (NASDAQ: OCSL) is Selling Shares (Analyst Ratings)
Yesterday, an Insider at Oaktree Specialty Lending (OCSL), Leonard Tannenbaum, sold shares of OCSL for $3.65M. Over the last month, Leonard Tannenbaum has reported another 3 Sell trades on OCSL for a total of $3.3M. Currently, Oaktree Specialty Lending has an average volume of 781.18K. OCSL’s market cap is $1.35 billion and the company has a P/E ratio of 4.88. The company has a one-year high of $7.62 and a one-year low of $5.44.
Thursday 12/30 Insider Buying Report: PED, SLGG (Nasdaq.com)
On Monday, PEDEVCO’s Chief Executive Officer, Simon G. Kukes, made a $65,089 purchase of PED, buying 58,271 shares at a cost of $1.12 a piece. Bargain hunters can snag PED even cheaper than Kukes did, with shares changing hands as low as $1.08 at last check today which is 3.3% under Kukes’s purchase price. PEDEVCO is trading off about 0.9% on the day Thursday. Before this latest buy, Kukes purchased PED on 3 other occasions during the past year, for a total cost of $488,187 at an average of $1.33 per share. And on Wednesday, Mark Jung purchased $57,191 worth of Super League Gaming, purchasing 25,000 shares at a cost of $2.29 each. Before this latest buy, Jung bought SLGG at 2 other times during the past twelve months, for a total cost of $78,980 at an average of $3.04 per share. Super League Gaming is trading up about 6.4% on the day Thursday. Jung was up about 7.1% on the buy at the high point of today’s trading session, with SLGG trading as high as $2.45 at last check today.
The President & Chief Executive Officer of Class 1 Nickel & Technologies (Other OTC: NICLF) is Buying Shares (Analyst Ratings)
Today, the President & Chief Executive Officer of Class 1 Nickel & Technologies c, David Leo Fitch, bought shares of NICLF for $1.47M. Following this transaction David Leo Fitch’s holding in the company was increased by 18% to a total of $11.83 million. NICLF’s market cap is $28.07 million and the company has a P/E ratio of -2.70. Currently, Class 1 Nickel & Technologies has an average volume of 15.00K. The company has a one-year high of $0.81 and a one-year low of $0.10.
