Hedge Fund and Insider Trading News: David Einhorn, Bill Miller, Leon Cooperman, D. E. Shaw, Masimo Corporation (MASI), Hooker Furniture Corporation (HOFT), and More

Was Warren Buffett Right About Quant Hedge Funds? (Forbes)
The last several years have been difficult for hedge funds, although November was their best month in over ten years. Despite that, they still under-performed major indices. Data from Eurekahedge reveals that hedge funds, in general, were up 4.49% on an equal-weighted basis and 3.51% on an asset-weighted basis, with long/ short equity funds leading the way. Actively managed funds beat quants: Actively managed hedge funds beat quant funds in 2020. Quant funds have dominated actively managed funds for years, but human stock pickers won the year in 2020, driven by tech stocks preferences and a flood of stimulus money from central banks.

Patron Capital Raises $1bn for Fund VI to Target Distressed Real Estate Assets (Opalesque.com)
Patron Capital, the pan-European institutional investor focused on property-backed investments, has closed its most recent fund, raising EUR 844 million ($1.038 billion), including approximately €128 million ($157 million) of co-investment capital for Patron Capital VI. The Fund has the mandate to invest opportunistically targeting distressed and undervalued real estate investment opportunities across Western Europe.

Trader Charged With Ex-Goldman Banker Fights Extradition (Bloomberg)
A securities trader fighting extradition on U.S. insider-trading charges told a London court that British prosecutors dropped their own investigation because there was “insufficient evidence.” Joseph El Khouri, who holds dual Lebanese-British citizenship, was charged by U.S. authorities with making almost $2 million trading on inside information.

What Did This CEO Just Do with Personal Shares of Hooker Furniture (NASDAQ: HOFT)? (Analyst Ratings)
Today, the CEO of Hooker Furniture (HOFT), Paul Toms, sold shares of HOFT for $467.3K. Following Paul Toms’ last HOFT Sell transaction on June 18, 2019, the stock climbed by 13.3%. This is Toms’ first Sell trade following 3 Buy transactions. The company has a one-year high of $36.49 and a one-year low of $12.30. HOFT’s market cap is $386 million and the company has a P/E ratio of -31.30. Currently, Hooker Furniture has an average volume of 12.72K.

Masimo Corp (MASI) CEO and Chairman of the Board Joe E Kiani Sold $17.8 million of Shares (Guru Focus)
CEO and Chairman of the Board of Masimo Corp., Joe E Kiani, sold 63,274 shares of MASI on 01/11/2021 at an average price of $281.67 a share. The total sale was $17.8 million. Masimo Corp is a medical technology company. The company develops, manufactures, and markets noninvasive monitoring technologies. Its product includes noninvasive blood constituent and brain and breath monitoring.