DeFi-Focused Hedge Fund Edge Capital Management Raises $66.8M (Coin Speaker)
Edge Capital has very little information about its products but markets itself as an alternative investment manager specializing in digital assets and DeFi protocols. According to SEC filings, Edge Capital Management LLC, Florida-based decentralized finance (DeFi) focused hedge fund, has raised a total of $66.8 million in two separate fundings. Reportedly, the firm raised one offshore fund in the Cayman Islands from eight investors for a total of $38.6 million. On the other hand, the company raised a total of $28.1 million for a Delaware-incorporated fund from six investors.
Hedge Funds Suffer Further Outflows in Q3, Stockpickers Lead Way (Reuters)
Investors pulled an estimated $26 billion from hedge funds during the third quarter, according to data provider HFR, jarred by a global stock market plunge, soaring bond yields and geopolitical tensions. That comes on top of a $27.5 billion outflow in the second quarter, the first time that hedge funds have seen consistant outflows from one quarter to the next since the height of the COVID pandemic in 2020, HFR numbers showed.
Jeremy Louder Is The Only Hedge Fund Manager You Want to Work (FilmDaily.co)
Jeremy Louder, born in Texas, is a hedge fund manager and a well-known investor and businessman currently based in the Cayman Islands. He specializes in trading, asset management, strategic financial counseling, and cryptocurrency investments. Jeremy Louder is a well-known business specialist with over 20 years of experience in the financial services sector. To assist his clients in building wealth and protecting their assets, he has worked on several financial strategies with corporate and individual clients. He has an extensive experience in financial services, real estate, and cryptocurrency investment sectors.
Friday 10/21 Insider Buying Report: RLTY, QCRH (Nasdaq.com)
At Cohen & Steers Real Estate Opportunities and Income (RLTY), a filing with the SEC revealed that on Friday, Vice President Jason Yablon purchased 2,868 shares of RLTY, for a cost of $12.27 each, for a total investment of $35,190. So far Yablon is in the green, up about 1.1% on their purchase based on today’s trading high of $12.40. Cohen & Steers Real Estate Opportunities and Incom is trading up about 0.2% on the day Friday. And on Thursday, Director Marie Z. Ziegler purchased $6,527 worth of QCR Holdings (QCRH), purchasing 118 shares at a cost of $55.31 a piece. Before this latest buy, Ziegler purchased QCRH on 4 other occasions during the past year, for a total cost of $26,110 at an average of $56.51 per share. QCR Holdings is trading up about 1.9% on the day Friday. Investors have the opportunity to bag QCRH even cheaper than Ziegler did, with the stock changing hands as low as $54.06 in trading on Friday — that’s 2.3% below Ziegler’s purchase price.
$6 Million Bet On This This Stock? Check Out These 3 Penny Stocks Insiders Are Buying (Benzinga)
Axcella Health: The Trade: Axcella Health Inc. (AXLA) 10% owner Nestle SA bought a total of 3,658,536 shares at an average price of $1.64. To acquire these shares, it cost around $6 million. OPKO Health: The Trade: OPKO Health, Inc. (OPK) 10% owner Frost Gamma Investments Trust acquired a total of 100,000 shares at an average price of $1.72. The insider spent around $171.92 thousand to buy those shares.
Hedge Funds Stay Cautious on Pound Bets Amid Fears of More Political Volatility (Financial News)
Sussex Partners’ co-founder Patrick Ghali says a rise in sterling short bets reflects the ongoing negative UK macro outlook. The pound’s spike on 20 October after UK prime minister Liz Truss’ exit turned out to be a dead cat bounce, as the currency dropped below pre-resignation levels the following day. With volatility continuing around sterling, hedge funds are planning a cautious approach. Truss announced her resignation on 20 October, becoming the shortest-serving…
