Dear Valued Visitor,

We have noticed that you are using an ad blocker software.

Although advertisements on the web pages may degrade your experience, our business certainly depends on them and we can only keep providing you high-quality research based articles as long as we can display ads on our pages.

To view this article, you can disable your ad blocker and refresh this page or simply login.

We only allow registered users to use ad blockers. You can sign up for free by clicking here or you can login if you are already a member.

Hedge Fund and Insider Trading News: Daniel Loeb, Phil Falcone, Cherokee Inc (CHKE), AgroFresh Solutions Inc (AGFS), Newgioco Group Inc (NWGI), and More

Activist Shareholder Third Point Thinks Campbell is Worth 58% More Than its Current Value (CNBC)
Activist investor Daniel Loeb‘s hedge fund Third Point filed its definitive proxy on Monday as it continues to push Campbell Soup to consider a sale. According a presentation Third Point also filed Monday, the hedge fund thinks Campbell could fetch a takeover value of $52 to $58 per share. A $58 per share takeout value would place a premium of 58 percent on the soup company, based on its morning trading price of $36.71 a share.

Phil Falcone Is Really Bad At Paying Taxes (DealBreaker)
Formerly prominent hedge-fund manager and piano-playing pig owner Phil Falcone is currently sitting out the fifth and final year of his time-out from the securities industry, not that he’d want to get back into such a shitty game even if he should be allowed to. And why would he? His hedge-fund managing days keep coming back to haunt him. Tax bills have always presented a bit of an issue for Falcone. In spite of his status as a billionaire, he took an ill-advised $113 million loan from his hedge funds in 2009 to cover one. Then, he forgot to pay another. Turns out this is something of a trend.

Wall Street Stocks Market Insider Trading

Rawpixel / shutterstock.com

Citadel Advisors LLC Takes $270,000 Position in Triumph Bancorp Inc (TBK) (MareaInformativa.com)
Citadel Advisors LLC purchased a new stake in shares of Triumph Bancorp Inc (NASDAQ:TBK) in the second quarter, according to the company in its most recent filing with the SEC. The fund purchased 6,607 shares of the financial services provider’s stock, valued at approximately $270,000. A number of other hedge funds also recently added to or reduced their stakes in the business. Employees Retirement System of Texas bought a new position in shares of Triumph Bancorp in the second quarter worth $1,426,000.

Loading...