This Analyst Bootcamp Wants to Transform Training at Hedge Fund (Institutional Investor)
Inspired by the Point72 Academy, Fundamental Edge aims to better prepare junior employees and career-changers for the demanding industry. Some portfolio managers barely have enough time to do their own jobs — let alone teach their analysts how to do theirs. “It seems crazy, but I get it. I’ve been there,” said Brett Caughran, who spent 10 years working as an analyst and portfolio manager for hedge funds, including Maverick Capital, D. E. Shaw, and Citadel.
Thunes Bags $30m from Marshall Wace as Part of Series C Funding (FintechFutures.com)
Singapore-based cross-border payments firm Thunes has received a $30 million investment from UK-based hedge fund Marshall Wace, as disclosed in a recent filing with Singapore’s Accounting and Corporate Regulatory Authority. The funding forms part of an ongoing Series C round, with reports suggesting that Thunes may raise another $30 million as part of the round. On reaching out, Thunes tells FinTech Futures that it is unable to comment on any other potential investors or the total size of the investment round, however, it adds that conversations with global investors are “constant and ongoing” and that Thunes is seeing “strong interest” as it continues engaging investors.
Flybe Failure Puts Hedge Fund in a Spin (The Times)
The collapse of Flybe has delivered a hit of up to £70 million to entities linked with Lucien Farrell’s Cyrus Capital hedge fund. The regional airline fell into administration for a second time in January after it struggled to reboot its operations amid delays in aircraft deliveries. It was rescued from its first insolvency by Cyrus Capital when a turnaround effort led by Virgin Atlantic fell apart in March 2020. Flybe was officially transferred into a new operating company in April 2021 and received an equity injection of £20 million, as well as credit lines worth an initial £25 million.
Wednesday 3/29 Insider Buying Report: WOOF, DLTR (Nasdaq.com)
On Tuesday, Petco Health & Wellness’ CEO & Chairman, Ron Coughlin, made a $504,801 purchase of WOOF, buying 61,040 shares at a cost of $8.27 a piece. Coughlin was up about 8.2% on the purchase at the high point of today’s trading session, with WOOF trading as high as $8.95 at last check today. Petco Health & Wellness is trading up about 4% on the day Wednesday. This purchase marks the first one filed by Coughlin in the past twelve months. And at Dollar Tree, there was insider buying on Monday, by Chief Financial Officer Jeffrey A. Davis who purchased 1,790 shares at a cost of $139.06 each, for a trade totaling $248,917. Dollar Tree is trading up about 0.7% on the day Wednesday. Davis was up about 3.4% on the purchase at the high point of today’s trading session, with DLTR trading as high as $143.77 in trading on Wednesday.
3 Best Insider Trading Websites in 2023 (Insider Monkey)
In this article, we will take a look at the 3 best insider trading websites in 2023. If you want to explore similar websites, you can go to 8 Best Insider Trading Websites in 2023. 3. OpenInsider: Number of Years of Insider Trading Data: 4. OpenInsider is a financial website that provides investors with insights into insider trading activity in the stock market. The site offers an insider trading screener, which allows investors to filter insider trading data based on a range of criteria, including insider position, transaction type, and industry among others. The site offers insider filings for the past 4 years and is one of the best insider trading websites in 2023.
Insider Transactions and Acquisition by CFM Wealth Partners LLC at Morgan Stanley (NYSE: MS) (BestStocks.com)
Morgan Stanley (NYSE: MS) has been in the news recently, with several insider transactions and a new acquisition by &CFM Wealth Partners LLC. According to its most recent disclosure with the Securities & Exchange Commission (SEC), &CFM Wealth Partners LLC has bought 4,078 shares of the financial services provider’s stock, equating to approximately $347,000. Yet, it is not just outside investors who are involved in transactions with Morgan Stanley; insiders have also been active. Insider Andrew M. Saperstein sold an impressive 24,556 shares of Morgan Stanley’s stock on February 13th at an average price of $98.23 per share. The total transaction amounted to $2,412,135.88. Even following the sale, Saperstein still directly owns 190,440 shares in Morgan Stanley – now valued at $18,706,921.20.
Over $1M Bet On Stifel Financial? Check Out These 3 Stocks Insiders Are Buying (Benzinga)
Stifel Financial: The Trade: Stifel Financial Corp. (SF) Co-President James Zemlyak acquired a total of 20,000 shares an average price of $56.06. To acquire these shares, it cost around $1.12 million. Farmers National Banc Corp: The Trade: Farmers National Banc Corp. (FMNB) Director Gregory C Bestic acquired a total of 5,000 shares at an average price of $12.50. To acquire these shares, it cost around $62.5 thousand.
