Opinion: Ray Dalio’s New Tips to Survive the Next Market Meltdown are Grounded in These Career Secrets (MarketWatch.com)
Ray Dalio, founder of Bridgewater Associates, the world’s largest hedge-fund firm, lives by a set of rules that, he’d be first to admit, aren’t for everyone. That’s perfectly OK with him. All Dalio wants is for people to try them on and see what fits, which led to his writing more than 550 pages of business, investing and life lessons in a book titled, simply, “Principles: Life and Work.”
Phongphan/Shutterstock.com
Quant King David Shaw Doubles Down on Advanced Micro Devices (AMD), Pulls Cash from Intel (INTC) (SmarterAnalyst.com)
The world-famous hedge fund tycoon David Shaw is mixing up his chip stock holdings. According to newly-released 13F forms filed with the SEC, he is now doubling down on Advanced Micro Devices (NASDAQ:AMD), while reducing the fund’s exposure to Intel (NASDAQ:INTC). This matters because Shaw is one of the most respected hedge fund minds out there- and when he acts, investors listen. Indeed, Shaw founded the D.E. Shaw & Co fund back in 1988, following a PhD from Stanford and a teaching appointment at the computer science faculty of Columbia University.
Hedge Funds Face a New Threat in Asia—Family Offices (Bloomberg)
They’ve already come for the talent, poaching traders from the likes of Millennium Management LLC. Now Asia’s family offices are going after the hedge fund industry’s clients, too. Take Tolaram Group, which runs a $500 million family office in Singapore. After hiring former Millennium and Goldman Sachs Group Inc. staffers to manage $100 million of its own cash, Tolaram plans to convert the portfolio into a hedge fund and accept outside money next year. It’s the first foray into asset management for a family that made its fortune in textiles, consumer goods, and other mostly non-financial businesses.
Insider Buying: Energen Co. (NYSE:EGN) Insider Buys 100,000 Shares of Stock (XNewsPress.com)
Energen Co. (NYSE:EGN) insider Carl C. Icahn acquired 100,000 shares of the business’s stock in a transaction on Friday, August 10th. The shares were purchased at an average price of $72.34 per share, with a total value of $7,234,000.00. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.
Insider Selling: CBA Florida Inc (CBAI) Major Shareholder Sells 5,000,000 Shares of Stock (FairFieldCurrent.com)
CBA Florida Inc (OTCMKTS:CBAI) major shareholder Cryo Cell International Inc sold 5,000,000 shares of CBA Florida stock in a transaction that occurred on Thursday, August 16th. The stock was sold at an average price of $0.01, for a total transaction of $50,000.00. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Major shareholders that own 10% or more of a company’s stock are required to disclose their transactions with the SEC.
Insider Selling: American Financial Group Inc (NYSE:AFG) CEO Sells 119,448 Shares of Stock (MareaInformativa.com)
American Financial Group Inc (NYSE:AFG) CEO Carl H. Lindner III sold 119,448 shares of the stock in a transaction that occurred on Wednesday, August 15th. The stock was sold at an average price of $111.58, for a total value of $13,328,007.84. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website.
Insider Buying: Coty Inc (COTY) Director Purchases 20,000 Shares of Stock (XNewsPress.com)
Coty Inc (NYSE:COTY) Director Robert S. Singer bought 20,000 shares of Coty stock in a transaction dated Thursday, August 23rd. The stock was purchased at an average cost of $11.50 per share, for a total transaction of $230,000.00. Following the completion of the acquisition, the director now directly owns 175,000 shares of the company’s stock, valued at approximately $2,012,500. The transaction was disclosed in a document filed with the SEC.
Insider Buying: PayMeOn Inc (PAYM) Director Buys 1,333,333 Shares of Stock (FairFieldCurrent.com)
PayMeOn Inc (OTCMKTS:PAYM) Director Ronald Joseph Sr. Loricco purchased 1,333,333 shares of the company’s stock in a transaction on Wednesday, August 15th. The shares were bought at an average price of $0.08 per share, with a total value of $106,666.64. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.
