BlueMountain Hires Four Portfolio Managers to Build Out Relative-Value Focus (Reuters)
NEW YORK (Reuters) – BlueMountain Capital Management on Tuesday said it hired four portfolio managers to build out the hedge fund’s new fixed-income strategy focused on relative-value investments in G7 government bonds, U.S. municipal bonds, agency ABS and emerging market debt. Morgan Alcalay, Evan Boulukos, Phil Hermann and Andrew Seiz have joined the $22 billion New York-based firm and will report to Colin Teichholtz, head of global governments and agency mortgages. Andrew Feldstein, co-founder and chief investment officer of BlueMountain, said investor and regulatory constraints, market fragmentation, large flows and issuance and increased volatility are creating opportunities for relative-value investing.
Seth Klarman Book That Sells for $2,500 Is Now $9.99 on Kindle (Bloomberg)
It’s a price that even the most scrupulous bargain hunters might jump at the chance to pay. Seth Klarman’s “Margin of Safety,” the out-of-print book on value investing so coveted on Wall Street that used copies can sell for thousands of dollars, is now listed on Amazon.com Inc.’s Kindle store for $9.99. After quietly appearing there on July 6, the book has shot to No. 16 on the list of Kindle best-sellers in the business and investing category.
Scaramucci: Political Foray ‘Cost Me a Lot’ (BangorDailyNews.com)
Anthony Scaramucci said there’s a “less than zero” percent chance he’ll return to politics and instead aspires to double the assets at his SkyBridge Capital to $20 billion in the next five years. The hedge fund impresario, who a year ago spent an eventful 10 days as White House communications director, said in an interview with Bloomberg Television that he’s working on new products at SkyBridge that will diversify the company away from its main fund-of-hedge funds product. Those include a commodities product, and a fund that will invest in low-income areas eligible for tax breaks under the new U.S. tax plan, he said.
Navy Capital Appoints Highly Experienced Hedge Fund Executive As President And Chief Financial Officer (PRNewswire.com)
NEW YORK, July 10, 2018 /PRNewswire/ — Navy Capital, a New York-based hedge fund focused on the rapidly growing global cannabis sector, announced today that it has named Kevin S. Gahwyler as President and Chief Financial Officer. Mr. Gahwlyer is a highly-accomplished executive with over 25 years of experience building and maintaining scaled investment platforms and operational infrastructure in the hedge fund industry. “We are delighted to welcome Kevin to our growing team at Navy Capital,” said John T. Kaden, Managing Partner and Chief Investment Officer of Navy Capital.
Insider Selling: BioLife Solutions Inc (BLFS) Major Shareholder Sells 214,286 Shares of Stock (WeekHerald.com)
BioLife Solutions Inc (NASDAQ:BLFS) major shareholder Walter Villiger sold 214,286 shares of BioLife Solutions stock in a transaction that occurred on Monday, July 9th. The stock was sold at an average price of $11.37, for a total value of $2,436,431.82. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Major shareholders that own at least 10% of a company’s stock are required to disclose their sales and purchases with the SEC.
Insider Selling: Templeton Emerging Markets Income Fund, Inc. Common Stock (TEI) Major Shareholder Sells 45,759 Shares of Stock (MaconDaily.com)
Templeton Emerging Markets Income Fund, Inc. Common Stock (NYSE:TEI) major shareholder Saba Capital Management, L.P. sold 45,759 shares of the company’s stock in a transaction dated Friday, July 6th. The shares were sold at an average price of $10.44, for a total value of $477,723.96. The sale was disclosed in a document filed with the Securities & Exchange Commission.
Insider Selling: Herman Miller, Inc. (MLHR) CEO Sells 18,000 Shares of Stock (LedgerGazette.com)
Herman Miller, Inc. (NASDAQ:MLHR) CEO Brian C. Walker sold 18,000 shares of the firm’s stock in a transaction that occurred on Friday, July 6th. The shares were sold at an average price of $38.49, for a total value of $692,820.00. Following the completion of the sale, the chief executive officer now owns 2,701 shares in the company, valued at $103,961.49. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website.
Insider Selling: Blue Apron Holdings Inc (APRN) Insider Sells 24,358 Shares of Stock (FairFieldCurrent.com)
Blue Apron Holdings Inc (NYSE:APRN) insider Jared Cluff sold 24,358 shares of the firm’s stock in a transaction dated Friday, July 6th. The shares were sold at an average price of $3.44, for a total value of $83,791.52. Following the sale, the insider now owns 120,600 shares in the company, valued at $414,864. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website.
Insider Selling: WSFS Financial Co. (WSFS) CEO Sells 13,343 Shares of Stock (WeekHerald.com)
WSFS Financial Co. (NASDAQ:WSFS) CEO Mark A. Turner sold 13,343 shares of the business’s stock in a transaction on Friday, July 6th. The shares were sold at an average price of $54.29, for a total transaction of $724,391.47. Following the transaction, the chief executive officer now owns 148,487 shares in the company, valued at approximately $8,061,359.23. The transaction was disclosed in a legal filing with the Securities & Exchange Commission.