Texas Hedge Fund Reaps 155% Gain on U.S. Electricity, Gas Bets (Bloomberg)
A small Austin, Texas-based hedge fund has gained about 155% this year trading natural gas and electricity on a long-term outlook that the energy transition will create volatility and periodic supply crunches. E360 Power LLC, which manages about about $200 million in assets, climbed almost 62% last month, and growth for the first nine months of this year was nearly triple what it was for all of 2020, the fund said in a letter to investors.
HP Launches Article 9 Bond Fund (Hedge Nordic)
Stockholm (HedgeNordic) – Danish fixed-income boutique HP Fonds has announced the launch of a long-only fixed-income vehicle that exclusively invests in green bonds. HP Invest Green Bonds is classified as an investment fund with a sustainable investment objective as described in Article 9 under the EU’s Sustainable Finance Disclosure Regulation. “We are pleased to announce that we have now launched HP Invest Green Bonds, which invests exclusively in green bonds,” announces the team at HP Fonds, co-founded by Henrik Fournais (pictured) in 2004. “The fund is a 100% green fund. HP Invest Green Bonds is the first Danish Article 9 bond fund, which is the highest classification within sustainable investment in the EU.”
The President & Chief Operating Officer of BlackBerry (NYSE: BB) is Selling Shares (Analyst Ratings)
Yesterday, the President & Chief Operating Officer of BlackBerry (BB), Thomas Eacobacci, sold shares of BB for $1.6M. In addition to Thomas Eacobacci, 17 other BB executives reported Sell trades in the last month. The company has a one-year high of $28.77 and a one-year low of $4.44. Three different firms, including CIBC and RBC Capital, currently also have a Sell rating on the stock. Based on 5 analyst ratings, the analyst consensus is Moderate Sell with an average price target of $9.21, reflecting a 2.8% upside.
Hubspot Insider Sold $13M In Company Stock (Benzinga)
Dharmesh Shah, Chief Technology Officer at Hubspot (NYSE:HUBS), made a large insider sell on October 6, according to a new SEC filing. What Happened: A Form 4 filing from the U.S. Securities and Exchange Commission on Wednesday showed that Shah sold 20,000 shares of Hubspot at prices ranging from $650.30 to $673.66. The total transaction amounted to $13,164,549. Following the transaction, Shah still owns 1,546,838 shares of Hubspot worth $1,056,490,354.
Facebook Inc (FB) COB and CEO Mark Zuckerberg Sold $17.9 million of Shares (Guru Focus)
COB and CEO of Facebook Inc, Mark Zuckerberg, sold 54,504 shares of FB on 10/04/2021 at an average price of $327.67 a share. The total sale was $17.9 million.
