Hedge Fund Boss Criticised for Facetious Use of Pronouns (eFinancialCareers.com)
A partner at Balyasny Asset Management does not appear to be a fan of specifying pronouns to clarify your gender. Jeffrey Runnfeldt, the San Francisco-based head of global equities at the fund, describes himself as “He/Haw” on LinkedIn. While the cowboy reference is in keeping with Runnfeldt’s vernacular elsewhere on the site (he is known to say “dang”), it could also be perceived as offensive by some people in the LGBTQ community. “This is both absurd and insensitive,” said one source in the hedge fund industry.
Greenlight Slows Down (Institutional Investor)
The hedge fund headed by David Einhorn slipped further behind the major stock benchmarks. Greenlight posted a modest gain in July, in what was otherwise a very strong month for stocks in general. The value-driven hedge fund headed by David Einhorn added 20 basis points last month and is now up 12.9 percent for the year. This compares with the S&P 500’s 3 percent gain last month and the tech-heavy Nasdaq Composite’s 4 percent increase.
Dallas Hedge Fund Manager Claims North Texas Judge Turned Him into a Book Villain (The Dallas Morning News)
A Dallas hedge fund executive says a federal bankruptcy judge has written him into more than just legal briefs and opinions. NexPoint founder and principal James Dondero claims that Stacey Jernigan, chief bankruptcy judge for the Northern District of Texas, wrote a villainous caricature of him in the judge’s latest novel Hedging Death, a book about fictional Dallas judge Avery Lassiter and her pursuit of a wealthy Texas hedge fund manager, Cade Graham.
Tuesday 8/1 Insider Buying Report: EOSE, AGNC (Nasdaq.com)
On Friday, EOS Energy Enterprises’ Chief Executive Officer, Joe Mastrangelo, made a $69,574 purchase of EOSE, buying 31,199 shares at a cost of $2.23 each. Mastrangelo was up about 9.2% on the buy at the high point of today’s trading session, with EOSE trading as high as $2.44 in trading on Tuesday. EOS Energy Enterprises is trading down about 4.5% on the day Tuesday. Before this latest buy, Mastrangelo made one other purchase in the past twelve months, buying $74,744 shares for a cost of $1.15 a piece. And on Thursday, Director Morris A. Davis bought $49,991 worth of AGNC Investment, buying 4,772 shares at a cost of $10.48 a piece. This buy marks the first one filed by Davis in the past twelve months. AGNC Investment is trading down about 0.2% on the day Tuesday. Bargain hunters are able to snag AGNC even cheaper than Davis did, with shares trading as low as $10.12 at last check today which is 3.4% below Davis’s purchase price.
$1.8M Bet On This Tech Stock? Check Out These 3 Penny Stocks Insiders Are Aggressively Buying (Benzinga)
Mobivity Holdings: The Trade: Mobivity Holdings Corp. (MFON) Director Thomas B Akin acquired a total of 1,485,648 shares an average price of $1.21. To acquire these shares, it cost around $1.79 million. iCoreConnect: The Trade: iCoreConnect Inc. (ICCT) CEO and President Robert P McDermott acquired a total of 5,156,944 shares at an average price of $0.10. To acquire these shares, it cost around $81,545.
