One of London’s Most Powerful Hedge Funds Builds Up Massive £1.1 Billion Gamble on UK Shares Falling (This is Money)
One of London’s most powerful hedge funds has built up a massive £1.1 billion gamble that shares in dozens of companies will fall. Marshall Wace‘s huge short position in City stocks is 30 per cent higher than at the beginning of the year, despite a recent slide in the value of many shares. Data from SEI Novus reveals the fund, run by tycoons Sir Paul Marshall and Ian Wace, has the biggest short position in London stocks by value. It compares with rival BlackRock’s £713 million and GLG Partners’ £451 million positions.
Hedge Funds Declined for a Third Consecutive Month in June with a Return of -2.7% (LondonLovesBusiness.com)
Hedge funds declined for a third consecutive month in June with a return of -2.7%, recording their worst monthly performance since the onset of the pandemic in March 2020. Following the retreat, the Eurekahedge Hedge Fund Index has slipped to -5.6% YTD, marking its worst H1 performance since inception. Global equities, as represented by the S&P 500, fell by a staggering 8.4% as investors moved to price in an increased risk of recession as the Federal Reserve embarked on an aggressive series of interest rate hikes to fight soaring inflation.
Hedge Funder Howard Undeterred by Crypto Market Turmoil (Hedge Week)
British hedge fund manager Alan Howard, who has personally invested in about 40 cryptocurrency companies so far, including FTX and Polygon, is still investing the space despite the current market turmoil, according to a report by Blockworks. In mid-June, and after the collapse of terra, Brevan Howard founder Howard (58) invested in a $10.3 million pre-seed round for crypto brand studio ScienceMagic.Studios. He also took part in an $11 million seed round for ‘play-to-earn’ metaverse startup Atmos Labs’ $11 million seed round, which closed around the same time as major crypto lenders were causing contagion across the market.
Best ESG Funds 2022 (Forbes)
Ethical investing is part and parcel of the global investment landscape. Once viewed as a concept as likely to hinder investment returns as improve them, ethical money-making’s recent shift to prominence is due, in no small part, to the role played by environmental, social and (corporate) governance investing – ESG for short. From concerns about corporate behaviour to anxiety about climate change, ESG criteria are top of the agenda for many investors.
Over $42 Million Bet On This Biotechnology Stock? 4 Penny Stocks Insiders are Buying (Benzinga)
Entasis Therapeutics: The Trade: Entasis Therapeutics Holdings Inc. (ETTX) 10% owner Innoviva Strategic Opportunities LLC acquired a total of 19,270,476 shares at an average price of $2.20. The insider spent around $42.4 million to buy those shares. CalAmp: The Trade: CalAmp Corp. (CAMP) Director Wes Cummins acquired a total of 374,207 shares at an average price of $4.13. To acquire these shares, it cost around $1.55 million.
Monday 7/18 Insider Buying Report: GOSS, DAL (Nasdaq.com)
At Gossamer Bio, a filing with the SEC revealed that on Friday, CEO Faheem Hasnain bought 138,696 shares of GOSS, for a cost of $7.21 each, for a total investment of $999,998. Hasnain was up about 70.6% on the buy at the high point of today’s trading session, with GOSS trading as high as $12.30 in trading on Monday. Gossamer Bio is trading up about 5.4% on the day Monday. This buy marks the first one filed by Hasnain in the past twelve months. And on Thursday, Director David S. Taylor purchased $293,100 worth of Delta Air Lines, purchasing 10,000 shares at a cost of $29.31 each. Before this latest buy, Taylor bought DAL at 4 other times during the past twelve months, for a total cost of $740,529 at an average of $37.03 per share.
Keurig Dr Pepper and 6 More Consumer Stocks Being Snapped Up by Insiders (Barron’s)
Consumer stocks have gotten hammered, but few insiders are taking the opportunity to scoop up the beleaguered shares. We’ve done a screen to find seven exceptions in the S&P 500SPX +0.54% where insiders are buying stock. They range from drink company Keurig Dr Pepper KDP –0.55% to satellite television provider Dish Network to casino giant Caesars Entertainment CZR +4.59% . There are also a couple of prominent consumer companies that don’t meet the requirements of our screen but where there has been insider buying. They include retailer Bed Bath & Beyond BBBY +3.13% (BBBY), led by new interim Chief Executive Sue Gove, and shoe maker Nike (NKE), where a director made a $1 million purchase. (Bed Bath & Beyond is in the Nasdaq index and Nike had only a single insider buying stock.)
