This Hedge Fund Made $700 Million on GameStop (The Wall Street Journal)
Richard Mashaal and Brian Gonick started buying GameStop Corp. shares in September. They aren’t Reddit day traders or Discord users. They are hedge-fund managers in New York. And when the stock surged from less than $10 a share to above $400 and the dust had settled, they were sitting on a profit of nearly $700 million, one of the great fortunes of the January market mania.
Alternatives in 2021 (Preqin.com)
The 2021 Preqin Global Alternatives Reports are the most complete and in-depth annual reviews of private equity & venture capital, private debt, hedge funds, real estate, infrastructure, and natural resources markets. The COVID-19 pandemic created market volatility and serious practical issues for investors and fund managers, but most were quick to adapt to the new environment. Assets under management across alternative asset classes rose 6.1% from December 2019 to $11.45tn at the end of June 2020.
The VP Finance & CFO of CommVault Systems (NASDAQ: CVLT) is Selling Shares (Analyst Ratings)
Yesterday, the VP Finance & CFO of CommVault Systems (CVLT), Brian Carolan, sold shares of CVLT for $1.92M. Following Brian Carolan’s last CVLT Sell transaction on February 18, 2020, the stock climbed by 13.2%. In addition to Brian Carolan, one other CVLT executive reported Sell trades in the last month.
Thursday 2/4 Insider Buying Report: EFSC, PTA (Nasdaq.com)
On Tuesday, Enterprise Financial Services’ Director, John S. Eulich, made a $273,525 purchase of EFSC, buying 7,500 shares at a cost of $36.47 a piece. Eulich was up about 4.5% on the buy at the high point of today’s trading session, with EFSC trading as high as $38.12 at last check today. Enterprise Financial Services is trading up about 3.2% on the day Thursday. Before this latest buy, Eulich bought EFSC at 4 other times during the past twelve months, for a total investment of $751,915 at an average of $29.49 per share. And at Cohen & Steers Tax-advantaged Preferred Securities, there was insider buying on Wednesday, by Vice President Elaine Zaharis-nikas who purchased 8,800 shares for a cost of $25.33 each, for a trade totaling $222,874. Cohen & Steers Tax-advantaged Preferred Securities is trading down about 0.2% on the day Thursday. Thus far Zaharis-nikas is down about 0.9% on the purchase, with the stock changing hands as low as $25.10 at last check today.
The Carlyle Group Inc (CG) CEO Kewsong Lee Sold $4 million of Shares (Guru Focus)
CEO of The Carlyle Group Inc, Kewsong Lee, sold 123,532 shares of CG on 02/01/2021 at an average price of $32.06 a share. The total sale was $4 million. The Carlyle Group LP is a global alternative asset management firm. It operates business across, Corporate Private Equity, Global Credit, Real Assets, and Investment Solutions segments. The Carlyle Group Inc has a market cap of $11.92 billion; its shares were traded at around $33.710000 with and P/S ratio of 6.76.
The President & CEO of Brandywine Realty (NYSE: BDN) is Buying Shares (Analyst Ratings)
Yesterday, the President & CEO of Brandywine Realty (BDN), Gerard Sweeney, bought shares of BDN for $564K. In addition to Gerard Sweeney, 5 other BDN executives reported Buy trades in the last month. This is Sweeney’s first Buy trade following 4 Sell transactions.
