Xavier Rolet to Join Asset Manager CQS as Chief Executive (The Wall Street Journal)
LONDON—Former London Stock Exchange boss Xavier Rolet will become chief executive of CQS, taking helm of the privately held London-based credit markets focused investment house as it looks to expand beyond its hedge fund roots. CQS Cayman LP founder Michael Hintze, who currently serves as CEO, will become executive chairman and will continue as senior investment officer. He personally manages a $3.25 billion CQS credit focused hedge fund.
World’s Biggest Hedge Fund Says Stocks Aren’t Pricing in ‘Near-Recession’ U.S. Growth Next Year (MarketWatch)
Here’s Greg Jensen, co-chief investment officer of Bridgewater Associates, the biggest hedge fund in the world: “The biggest theme developing is that you are going to have significantly weaker growth, near recession-level growth in 2019, based on our measures, and the markets are generally not pricing that in,” Jensen told Reuters in an interview. Bridgewater expects U.S. GDP near a paltry 1% in 2019, with the rest of the world faring slightly worse. Consider that the most recent estimate of third-quarter growth was 3.5%, and that investors stampeded out of stocks this week partly because the Fed trimmed its own forecast to 2.3% from 2.5%. Meanwhile, the Atlanta Fed is forecasting about 2.3% GDP for 2019.
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Some Good News for Hedge Funds (Bloomberg)
Bloomberg’s Peggy Collins reports on personnel changes at CQS, Bridgewater‘s Chinese fund and Baupost gains. She speaks on “Bloomberg Daybreak: Americas.” (Source: Bloomberg)
Baupost Is Said to Post Gain as Hedge Funds See Declines (Bloomberg)
Seth Klarman’s Baupost Group posted a gain of about 2.8 percent so far this year as the hedge fund industry is on track for a yearly decline. The Boston-based hedge fund’s return is year-to-date through November, according to people familiar with the matter. A spokeswoman for Baupost declined to comment.
Insider Buying: Eyegate Pharmaceuticals Inc (NASDAQ:EYEG) Major Shareholder Buys 100,353 Shares of Stock (FairFieldCurrent.com)
Eyegate Pharmaceuticals Inc (NASDAQ:EYEG) major shareholder Armistice Capital Master Fund purchased 100,353 shares of the firm’s stock in a transaction dated Tuesday, December 11th. The stock was purchased at an average cost of $0.40 per share, for a total transaction of $40,141.20. The acquisition was disclosed in a legal filing with the SEC.
Insider Buying: Autoweb Inc (NASDAQ:AUTO) Director Buys 50,000 Shares of Stock (ModernReaders.com)
Autoweb Inc (NASDAQ:AUTO) Director Matias De Tezanos purchased 50,000 shares of the business’s stock in a transaction on Friday, December 7th. The shares were acquired at an average price of $2.00 per share, with a total value of $100,000.00. The purchase was disclosed in a filing with the SEC.
Insider Buying: DSP Group, Inc. (DSPG) Director Buys $223,176.00 in Stock (PressOracle.com)
DSP Group, Inc. (NASDAQ:DSPG) Director Cynthia Paul acquired 20,400 shares of the business’s stock in a transaction dated Monday, December 17th. The shares were bought at an average price of $10.94 per share, for a total transaction of $223,176.00. The transaction was disclosed in a document filed with the SEC.
Insider Selling: NetGear, Inc. (NASDAQ:NTGR) Chairman Sells 11,666 Shares of Stock (XNewsPress.com)
NetGear, Inc. (NASDAQ:NTGR) Chairman Patrick Cs Lo sold 11,666 shares of the business’s stock in a transaction dated Monday, December 3rd. The stock was sold at an average price of $55.26, for a total value of $644,663.16. Following the transaction, the chairman now directly owns 206,612 shares of the company’s stock, valued at approximately $11,417,379.12. The transaction was disclosed in a legal filing with the SEC.
Insider Buying: Acorn Energy Inc (ACFN) Insider Purchases $49,732.80 in Stock (ModernReaders.com)
Acorn Energy Inc (OTCMKTS:ACFN) insider Jan H. Loeb acquired 191,280 shares of the firm’s stock in a transaction that occurred on Tuesday, December 18th. The stock was acquired at an average price of $0.26 per share, with a total value of $49,732.80. The transaction was disclosed in a filing with the Securities & Exchange Commission.
Insider Buying: Entercom Communications Corp. (ETM) Chairman Buys $644,000.00 in Stock (PressOracle.com)
Entercom Communications Corp. (NYSE:ETM) Chairman Joseph M. Field purchased 100,000 shares of the stock in a transaction on Friday, December 14th. The shares were bought at an average price of $6.44 per share, for a total transaction of $644,000.00. Following the acquisition, the chairman now owns 40,990 shares of the company’s stock, valued at $263,975.60. The purchase was disclosed in a document filed with the SEC, which is available at the SEC website.
