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Hedge Fund and Insider Trading News: Crispin Odey, Third Point LLC, Criterion Capital, Twitter Inc (TWTR), ACADIA Pharmaceuticals Inc. (ACAD), and More

Crispin Odey’s Comeback Gets a Boost After Hedge Fund Surges (Bloomberg)
Crispin Odey, whose bearish bets led to his hedge fund suffering three successive years of losses, is firmly back on the rise. The Odey European Inc. fund surged an estimated 10 percent in September, its best monthly gain since December 2014, according to an investor update seen by Bloomberg, as his long-running bets on Sky Plc and Randgold Resources Ltd paid off. The gains boosts his money pool’s returns for this year to about 40 percent. A spokesman for the London-based money manager declined to comment.

Exclusive: Third Point Demands Campbell Soup Board Records (Reuters)
(Reuters) – Activist investor Daniel Loeb’s hedge fund Third Point LLC has demanded access to a trove of records from Campbell Soup Co, ranging from board meeting minutes to financial documents, as it ratchets up a campaign to replace the company’s board of directors, according to a letter seen by Reuters. Third Point’s move offers an example of the legal tools shareholder activists are increasingly using to boost their chances of winning proxy contests against corporate boards.

Insider Trading

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Hedge Fund Criterion Capital to Shut Down After 16 Years (The Wall Street Journal)
Hedge fund Criterion Capital Management is shutting down after 16 years in business, the second large fund to announce its closure this week. The San Francisco-based firm focused on picking stocks in the technology, media and telecommunications industries. It manages about $2 billion, according to people familiar with the firm.

The Founder of the World’s Largest Hedge Fund Says There Are 2 Attributes that are Most Important to Success (Business Insider)
Ray Dalio founded Bridgewater Associates when he was 26 years old. Now, 43 years later, it’s the world’s largest hedge fund. The billionaire investor is known most for his perspectives on the economy, but he’s also well-regarded for his management philosophy and the idea of “radical transparency.” He shared many of those ideas in his 2017 book “Principles: Life and Work” and also shares ideas on his LinkedIn page.

Highfields to Return Client Money, Joining Hedge Fund Exodus (Bloomberg)
Highfields Capital Management is winding down investor Jon Jacobson’s $12.1 billion hedge fund and will return client money at the end of the year. Bloomberg’s Jason Kelly reports on “Bloomberg Daybreak: Americas.” (Source: Bloomberg)

Insider Selling: Twitter Inc (NYSE:TWTR) Director Sells 682,242 Shares of Stock (BaseBallDailyDigest.com)
Twitter Inc (NYSE:TWTR) Director Evan Clark Williams sold 682,242 shares of Twitter stock in a transaction on Tuesday, September 25th. The shares were sold at an average price of $28.84, for a total transaction of $19,675,859.28. Following the completion of the sale, the director now directly owns 1,536,966 shares of the company’s stock, valued at approximately $44,326,099.44. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website.

Insider Buying: ACADIA Pharmaceuticals Inc. (NASDAQ:ACAD) Director Acquires 1,210,776 Shares of Stock (XNewsPress.com)
ACADIA Pharmaceuticals Inc. (NASDAQ:ACAD) Director Bros. Advisors Lp Baker purchased 1,210,776 shares of the stock in a transaction dated Thursday, September 20th. The shares were acquired at an average price of $18.70 per share, for a total transaction of $22,641,511.20. The acquisition was disclosed in a filing with the SEC.

Insider Buying: FlexShopper Inc (FPAY) CEO Buys $50,000.00 in Stock (PressOracle.com)
FlexShopper Inc (NASDAQ:FPAY) CEO Brad Mitchell Bernstein purchased 50,000 shares of the company’s stock in a transaction that occurred on Friday, September 28th. The shares were purchased at an average cost of $1.00 per share, for a total transaction of $50,000.00. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

Insider Selling: Legacy Reserves LP Unit (LGCY) EVP Sells 176,957 Shares of Stock (MareaInformativa.com)
Legacy Reserves LP Unit (NASDAQ:LGCY) EVP Kyle A. Mcgraw sold 176,957 shares of the business’s stock in a transaction dated Monday, September 24th. The stock was sold at an average price of $4.68, for a total value of $828,158.76. The sale was disclosed in a document filed with the SEC, which is available through the SEC website.

Insider Buying: SharpSpring Inc (SHSP) Major Shareholder Buys 43,791 Shares of Stock (XNewsPress.com)
SharpSpring Inc (NASDAQ:SHSP) major shareholder Cat Rock Capital Management Lp acquired 43,791 shares of the stock in a transaction on Wednesday, September 26th. The shares were purchased at an average price of $13.31 per share, with a total value of $582,858.21. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Large shareholders that own at least 10% of a company’s stock are required to disclose their transactions with the SEC.

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