Andera Partners Raises Its Largest Life Sciences Fund at $443m (Opalesque.com)
Andera Life Sciences, the business line specializing in innovative therapeutics and medical technologies Venture capitalist Andera Partners, has raised €456m ($443m) for its biggest-ever life sciences fund. According to a press release from the player in private company investments in France and internationally, the sixth generation of BioDiscovery funds (BioDiscovery 6 fund) is consolidating Andera Partners’ position as one of the leading players in life sciences venture capital in Europe. Existing institutional investors include funds of funds, insurance companies, pension funds, family offices, private investors, and pharmaceutical companies, it said.
Route One Fund divest 1.54% stake in IndusInd Bank for Rs. 1,401 cr (LiveMint.com)
The US-based hedge fund Route One Fund I LP has offloaded 120,00000 shares which amounts to 1.54 per cent stake in IndusInd Bank, as per the data available with the National Stock Exchange (NSE). The shares were disposed of at an average price of Rs. 1,168.26 apiece, taking the transaction value to Rs. 1,401.91 crore. As of June end, the FII held a 2.75% stake in the bank.
Former Hedge Fund Manager and Winemaker Joins Nomura (Hedge Week)
Jim Hough, a former hedge fund portfolio manager at BlueCrest and Brevan Howard, has joined Nomura as a managing director on the firm’s inflation trading desk, according to a report by eFinancialCareers. Hough will report to Pasquale Cataldi, Nomura’s head of rates trading, who’s been busy building out his team since arriving at the firm from JPMorgan in April. Hough, left BlueCrest in December 2019 and, according to his LinkedIn profile, has spent his time since then “hanging out in East Sussex running a vineyard”.
Hedge Fund Veteran Mark Yusko Doubles Down on $250,000 Bitcoin Prediction Despite Steep Correction – Here’s Why (The Daily Hodl)
The managing partner of cryptocurrency hedge fund Morgan Creek Digital is not backing down on his big Bitcoin (BTC) prediction. In a new Altcoin Daily interview, crypto trader Austin Arnold asks Mark Yusko if his prediction from last year that Bitcoin could hit $250,000 in half a decade still stands. According to the hedge fund veteran, Bitcoin skyrocketing to $250,000 seems “easy” to him but notes that the “timing is harder.”
Tuesday 10/11 Insider Buying Report: DOUG, TPL (Nasdaq.com)
On Monday, Douglas Elliman’s CEO, Howard M. Lorber, made a $399,340 buy of DOUG, purchasing 100,000 shares at a cost of $3.99 each. Lorber was up about 7.7% on the buy at the high point of today’s trading session, with DOUG trading as high as $4.30 in trading on Tuesday. Douglas Elliman is trading up about 4% on the day Tuesday. And on Thursday, Director Murray Stahl purchased $24,294 worth of Texas Pacific Land, purchasing 12 shares at a cost of $2024.54 a piece. Before this latest buy, Stahl purchased TPL at 248 other times during the past year, for a total investment of $7.01M at an average of $1417.21 per share. Texas Pacific Land is trading off about 0.8% on the day Tuesday. Bargain hunters can grab TPL at a price even lower than Stahl did, with shares changing hands as low as $1985.62 in trading on Tuesday which is 1.9% under Stahl’s purchase price.
$2.3 Million Bet On JELD-WEN? 3 Stocks Insiders Are Buying (Benzinga)
JELD-WEN Holding: The Trade: JELD-WEN Holding, Inc. (JELD) 10% owner Turtle Creek Asset Management Inc acquired a total of 240,150 shares an average price of $9.42. To acquire these shares, it cost around $2.26 million. Rocket Companies: The Trade: Rocket Companies, Inc. (RKT) CEO Jay Farner acquired a total of 58,800 shares at an average price of $6.78. To acquire these shares, it cost around $398.79 thousand.
