Lynx Stays True to Main Objective (Hedge Nordic)
Stockholm (HedgeNordic) – Many trend-following strategies have flourished in 2022 amid a persistence of larger trends across several asset classes. The most successful trend followers have made their returns by being on the right side of the market trends in bonds and energies. Lynx Asset Management’s trend-following program has been on the right side of trends everywhere after amassing gains in every traded sector.
Sunstone Partners Raises $925m for Fund III (Opalesque.com)
Sunstone Partners, a growth equity firm based in San Mateo, California, announced the final institutional close of its oversubscribed $925m third fund, Sunstone Partners III, at its hard cap. The company specializes in growth equity investments in technology-enabled services said in a press release that Fund III, which more than doubles the total committed capital managed by Sunstone Partners, is the firm’s largest fund to date and brings total committed LP capital to $1.7B since inception in 2015. According to the release, Sunstone Partners received strong support from its existing investor base of leading endowments, foundations, family offices, fund-of-funds, and pension funds, while also adding several new institutional investors.
BlockTower Putting $150M Crypto Fund to Work as Valuations Return ‘Down to Earth’ (Coin Desk)
Crypto asset manager BlockTower Capital revealed a new venture-capital arm this week and lifted the veil on a $150 million fund that opened in December and was fully subscribed in a matter of weeks. What motivated one of the original crypto-native asset-management brands to enter the VC world, and what will those investments look like amid crypto winter?
Friday 10/14 Insider Buying Report: PLAY, NEOG (Nasdaq.com)
At Dave & Busters Entertainment, a filing with the SEC revealed that on Wednesday, SVP, Chief Procurement Ofc Les Lehner purchased 12,154 shares of PLAY, for a cost of $32.81 each, for a total investment of $398,741. Lehner was up about 7.0% on the buy at the high point of today’s trading session, with PLAY trading as high as $35.10 at last check today. Dave & Busters Entertainment is trading up about 0.6% on the day Friday. And on Tuesday, CFO Steven J. Quinlan purchased $58,150 worth of Neogen, purchasing 5,000 shares at a cost of $11.63 a piece. Neogen is trading down about 1.3% on the day Friday. Quinlan was up about 5.3% on the purchase at the high point of today’s trading session, with NEOG trading as high as $12.25 at last check today.
$20 Million Bet On Rocket Pharmaceuticals? 3 Stocks Insiders Are Buying (Benzinga)
Earthstone Energy: The Trade: Earthstone Energy, Inc. (ESTE) 10% owner Cypress Investments LLC acquired a total of 1,000,000 shares an average price of $14.75. To acquire these shares, it cost around $14.75 million. Rocket Pharmaceuticals: The Trade: Rocket Pharmaceuticals, Inc. (RCKT) Director Roderick Wong acquired a total of 1,355,932 shares at an average price of $14.75. To acquire these shares, it cost around $20 million.
