Ray Dalio Set to Open Branch of Family Office in Abu Dhabi (Bloomberg)
New office will be located in Abu Dhabi’s financial free zone. Bridgewater Associates founder has longstanding ties with UAE. Ray Dalio is setting up a branch of his family office in Abu Dhabi, part of the hedge fund billionaire’s deeper push into the Middle East.
Hedge Funds Up JOF Short Positions (Hedge Week)
Several hedge funds have recently made changes to their positions in the Japan Smaller Capitalisation Fund (JOF), with the fund seeing overall growth in short interest during March to 11,800 shares at the end of the month, an increase of 26.9% from the 15 March total of 9,300 shares. Raymond James & Associates upped its position by 2.8% during the first quarter and now owns 101,227 shares of the company’s stock, worth $725,000 after purchasing an additional 2,711 shares in the last quarter.
April Hedge Fund Insights by PivotalPath (MacroHive.com)
The PivotalPath Composite Index returned -0.8% in March amid banking failures, concerns of financial contagion risks and historic shifts in interest rates. The S&P 500 Index rose 3.7% and the Nasdaq and Russell 2000 had mixed performance: +6.7% and -5.0%, respectively. Amid overall financial market volatility and significant dispersion of performance among hedge fund strategies, the PivotalPath Composite continues to minimize losses in down months. Strategy Highlights: The largest losses were primarily in Managed Futures and Global Macro, which led the Composite lower in March. March losses of 4.6% in Managed Futures and 3.0% in Global Macro was enough to offset earlier gains, dragging year-to-date performance into negative territory. Equity-oriented strategies appreciated modestly along with overall equity markets.
Wednesday 4/19 Insider Buying Report: DAL, AKAM (Nasdaq.com)
On Friday, Delta Air Lines’s Director, David S. Taylor, made a $167,805 purchase of DAL, buying 5,000 shares at a cost of $33.56 a piece. So far Taylor is in the green, up about 6.1% on their buy based on today’s trading high of $35.62. Delta Air Lines is trading down about 0.4% on the day Wednesday. Before this latest buy, Taylor made one other buy in the past twelve months, purchasing $293,100 shares at a cost of $29.31 each. And at Akamai Technologies, there was insider buying on Tuesday, by Chief Executive Officer F. Thomson Leighton who purchased 603 shares for a cost of $82.94 each, for a trade totaling $50,015. Before this latest buy, Leighton bought AKAM at 36 other times during the past year, for a total investment of $2.00M at an average of $81.14 per share. Akamai Technologies is trading down about 0.2% on the day Wednesday.
Pinterest, Advanced Micro Devices And 2 Other Stocks Insiders Are Selling (Benzinga)
Advanced Micro Devices: The Trade: Advanced Micro Devices, Inc. (AMD) EVP and CSO Paul Darren Grasby sold a total of 12,500 shares at an average price of $94.85. The insider received around $1.19 million from selling those shares. Pinterest: The Trade: Pinterest, Inc. (PINS) SVP, Products Naveen Gavini sold a total of 11,185 shares at an average price of $27.95. The insider received around $312.58 thousand from selling those shares.
