Hedge Fund Manager Warns: Beware the Meme Stock (MSN Money)
In a conversation with CNBC, hedge fund manager David Neuhauser warned against following current investment trends, the “Robinhood phenomena” and the “bubble equity and bond market.” Neuhauser refers to the investment trends of the past year which have seen first-time investors flooding the market with pent up cash into meme stocks like Dogecoin and Reddit-fueled stocks like GameStop.
Archegos Rout Helps China Hedge Fund to 120% Gain This Year (Bloomberg)
A China-focused hedge fund led by a 30-year-old who started trading as a teenager returned 120% in the first quarter, thanks in part to the unraveling of Bill Hwang’s Archegos Capital Management. Bullish bets on a pair of Chinese fintech consumer lending platforms accounted for more than half of the quarterly return for Henry Liang’s Seahawk China Dynamic Fund, he said in a telephone interview.
Bridgewater Associates’ CFO Departs for Bitcoin Firm (WestFairOnline.com)
John Dalby is leaving his position as chief financial officer at the Westport-based hedge fund Bridgewater Associates and is taking the same position at NYDIG, a Bitcoin financial services-focused subsidiary of the $10 billion investments firm Stone Ridge Asset Management. Prior to joining Bridgewater in September 2018, Dalby was CFO and chief operating officer at D.E. Shaw Renewables Insurance. Earlier in his career, he was CFO of UBS Americas.
Insider Trading: May 10, 2021 (BIV.com)
Insider David Lyall, 10% Owner. Company: Centr Brands Corp. (CNSX:CNTR). Shares owned: 4,126,035. Trade date: Apr 26. Trade total: $206,000. Trade: Acquisition of 100,000 shares at a price of $2.06 per share. Insider Gary Gordon Cope, director. Company: Silver Viper Minerals Corp. (TSX-V:VIPR). Shares owned: 280,000. Trade date: Apr 23, 26. Trade total: $72,590. Trade: Acquisition of 138,500 shares at prices from $0.52 to $0.53 per share.
The Past Week’s Notable Insider Buys: Amphenol, Aldeyra, Werewolf Therapeutics And More (Benzinga)
A number of 10% owners of and directors at Werewolf Therapeutics Inc (HOWL) bought into its initial public offer last week. The more than 4.84 million shares they bought for $16.00 apiece totaled over $77.98 million altogether. Shares of this cancer-focused biopharma company closed the week’s trading at $14.25 apiece. The purchase of 1.20 million Aldeyra Therapeutics Inc (ALDX) shares by a beneficial owner came before last week’s first-quarter report. At the public offering price of $12.50 per share, those transactions totaled $15.00 million. Note that the stock ended the week trading at $12.48 a share.
Monday 5/10 Insider Buying Report: RILY, RYAM (Nasdaq.com)
At B. Riley Financial, a filing with the SEC revealed that on Thursday, CEO B. Riley Securities, Inc. Andrew Moore purchased 5,000 shares of RILY, for a cost of $67.68 each, for a total investment of $338,424. Moore was up about 13.5% on the purchase at the high point of today’s trading session, with RILY trading as high as $76.83 in trading on Monday. B. Riley Financial is trading up about 1.8% on the day Monday. And also on Thursday, Director Julie Dill bought $283,812 worth of Rayonier Advanced Materials, buying 40,000 shares at a cost of $7.10 a piece. This buy marks the first one filed by Dill in the past year. Rayonier Advanced Materials is trading up about 10% on the day Monday. Dill was up about 23.2% on the purchase at the high point of today’s trading session, with RYAM trading as high as $8.74 at last check today.
What Did This CEO Just Do with Personal Shares of BorgWarner (NYSE: BWA)? (Analyst Ratings)
Today, the President & CEO of BorgWarner (BWA), Frederic Lissalde, sold shares of BWA for $2.1M. Following Frederic Lissalde’s last BWA Sell transaction on August 07, 2020, the stock climbed by 15.4%. In addition to Frederic Lissalde, 2 other BWA executives reported Sell trades in the last month.
Worthington Industries Inc (WOR) EVP & COO Geoffrey G Gilmore Sold $1.7 million of Shares (Guru Focus)
EVP & COO of Worthington Industries Inc, Geoffrey G Gilmore, sold 24,167 shares of WOR on 05/06/2021 at an average price of $70.24 a share. The total sale was $1.7 million.
