Perella Weinberg Partners Capital Management LP Invests $662,000 in Edison International (EIX) Stock (FairFieldCurrent.com)
Perella Weinberg Partners Capital Management LP acquired a new stake in Edison International (NYSE:EIX) in the fourth quarter, according to the company in its most recent filing with the SEC. The firm acquired 11,659 shares of the utilities provider’s stock, valued at approximately $662,000. A number of other hedge funds and other institutional investors have also modified their holdings of EIX. Dimensional Fund Advisors LP raised its holdings in Edison International by 0.9% during the 2nd quarter.
Somebody Ripped Off Investors At This Hedge Fund (DealBreaker)
In 2009, Niket Jain and Joseph Krigsfeld set up a hedge fund called Aberon Capital Management. Here’s what he says happened next: Jain paints himself as a victim of a crooked partner who “appeared to have all the trappings of a well-connected Russian Oligarch” and convinced him to form the fund in 2009…. “As a result of Krigsfeld’s trades, the Aberon Funds suffered substantial losses during a time period when the markets were going gangbusters,” the suit says. “By October 2012, under Krigsfeld’s control, the Aberon Funds lost over $29 million and Aberon’s [assets under management] fell to less than $500,000.”
Black Hat Hackers, White Collar Criminals Snuggle Up to Operate Insider Trading Schemes (ZDNet)
Black hat hackers and white collar workers with a dubious moral code are teaming up in schemes designed to acquire valuable corporate data to sell in underground marketplaces. It was earlier this month when the US Securities and Exchange Commission (SEC) charged a Ukrainian national with hacking the agency in order to steal private corporate data from its EDGAR system and pass this valuable information on to other parties who profited by way of insider trading.
Thursday 1/31 Insider Buying Report: HTBK, LOB (Nasdaq.com)
As the saying goes, there are many possible reasons for an insider to sell a stock, but only one reason to buy – they expect to make money. So let’s look at two noteworthy recent insider buys. On Tuesday, Heritage Commerce’s Director, Jack W. Conner, made a $140,636 purchase of HTBK, buying 10,500 shares at a cost of $13.39 a piece. Investors are able to pick up HTBK at a price even lower than Conner did, with shares trading as low as $12.97 at last check today which is 3.2% below Conner’s purchase price.
Genomic Health, Inc. (GHDX)’s Stock Insider Trade – Baker Bros. Advisors Lp Sold 46,477 Shares; RECALL STUDIOS (BTOP) Sellers Increased By 324.49% Their Shorts (The FinReviewer)
RECALL STUDIOS INC (OTCMKTS:BTOP) had an increase of 324.49% in short interest. BTOP’s SI was 20,800 shares in January as released by FINRA. Its up 324.49% from 4,900 shares previously.
