Ex-Citadel Manager Vince Aita Launches Hedge Fund With $275 Million (Bloomberg)
Former Citadel portfolio manager Vince Aita’s new Cutter Capital Management, backed by two institutional investors, has begun trading with $275 million. The cash, invested in the health care-focused hedge fund through separately managed accounts, will be leveraged up to $550 million, according to a letter to prospective investors seen by Bloomberg. Cutter is looking to raise an additional $200 million for its flagship fund, offering a founders’ share class with cheaper fees that will open to investors Oct. 1.
Top 50 Hedge Funds Outpaced S&P 500 by More Than 3% Over the Past Five Years (Hedge Week)
It didn’t take 20 years of surveying the hedge fund industry to realize the majority of hedge funds are not reliable sources of absolute returns. In fact, very few funds can make that claim, and that limited number often doesn’t include some of the most celebrated managers. But there are a handful of hedge fund managers that make money year in and year out. And this is perennially borne out by the findings of my annual review of the most consistently performing hedge funds.
Hedge Funds Surge in June as Technology, AI and Growth Led Gains (Opalesque.com)
Opalesque Industry Update – Hedge funds surged in June as Technology, AI and Growth led gains complemented by Shareholder Activist and Multi-Strategy sub-strategies as banking volatility subsided. The HFRI 500 Fund Weighted Composite Index surged +2.35 percent (estimated) in June, the strongest monthly gain since February 2021, as managers positioned for growth in Technology, Relative Value Arbitrage and Quantitative exposures, according to data released today by HFR. The HFRI Fund Weighted Composite Index (FWC) also surged in June, gaining +2.2 percent, similarly driven by Equity Hedge and Event Driven strategies.
Tuesday 7/11 Insider Buying Report: EPSN (Nasdaq.com)
At Epsilon Energy, a filing with the SEC revealed that on Thursday, Jason Stankowski purchased 20,000 shares of EPSN, for a cost of $5.00 each, for a total investment of $100,000. Stankowski was up about 14.4% on the purchase at the high point of today’s trading session, with EPSN trading as high as $5.72 in trading on Tuesday. Epsilon Energy Ltd is trading up about 3.8% on the day Tuesday.
$40M Bet On MoonLake Immunotherapeutics? Check Out These 3 Stocks Insiders Are Buying (Benzinga)
MoonLake Immunotherapeutics: The Trade: MoonLake Immunotherapeutics (MLTX) 10% owner Bihua Chen acquired a total of 800,000 shares an average price of $50.00. To acquire these shares, it cost around $40 million. Simply Good Foods Company: The Trade: The Simply Good Foods Company (SMPL) President and COO Geoff E Tanner acquired a total of 6,850 shares at an average price of $36.61. To acquire these shares, it cost around $250,758.
