Hildene Capital Management partners with Leucadia Asset Management (Hedge Week)
Hildene Capital Management (Hildene), an asset management firm focused on distressed and event-driven opportunities within credit, has entered into a strategic relationship with Leucadia Asset Management (LAM), a division of Jefferies Financial Group Inc. In connection with the transaction, LAM will acquire a non-controlling financial interest in Hildene and will help seed certain new Hildene vehicles and businesses.
Per Johansson Starts as Celina CIO (Hedge Nordic)
Stockholm (HedgeNordic) – Bodenholm founder Per Johansson takes on the role of Chief Investment Officer (CIO) of what is now called Celina Fondförvaltning, formely Catella Fondförvaltning, as of February 28. He will also be part of the team managing Celina’s flagship hedge fund, Catella Hedgefond, and equity funds Catella Småbolagsfond och Catella Sverige Aktiv Hållbarhet.
Ken Griffin Talks Russia, Market Chaos and a Move to Go Public (Bloomberg)
Ken Griffin has encountered multiple challenges since founding Citadel three decades ago, including the 2008 financial crash that came close to imperiling his firm. Now, the world is facing a very different order of threat with Russia’s invasion of Ukraine. Griffin spoke on Friday in Chicago for an episode of “Bloomberg Wealth with David Rubenstein” about the fallout in markets, the negative ramifications that current U.S. sanctions are likely to have on American technology firms and the dollar, and the importance of ending Europe’s energy dependency on Russia.
Tuesday 3/1 Insider Buying Report: APA, STXB (Nasdaq.com)
At APA, a filing with the SEC revealed that on Friday, Director Chansoo Joung bought 40,000 shares of APA, for a cost of $32.92 each, for a total investment of $1.32M. Joung was up about 13.7% on the buy at the high point of today’s trading session, with APA trading as high as $37.43 at last check today. APA is trading up about 3.1% on the day Tuesday. This buy marks the first one filed by Joung in the past twelve months. And at Spirit of Texas Bancshares, there was insider buying on Thursday, by Director Robert S. Beall who bought 25,000 shares at a cost of $27.00 each, for a trade totaling $675,000. This buy marks the first one filed by Beall in the past twelve months. Spirit of Texas Bancshares is trading off about 1.6% on the day Tuesday. So far Beall is in the green, up about 6.9% on their purchase based on today’s trading high of $28.86.
Meta Investor Accuses Zuckerberg Of $2.5B In Insider Trading (Law 360)
A Meta Platforms Inc. shareholder has filed derivative litigation accusing the Facebook successor’s founder of pulling in more than $2.5 billion with insider sales just before, and while, a set of scandals rocked the social media giant last fall. The complaint filed in California federal court on Friday aims to hold the company’s directors and executives, including CEO Mark Zuckerberg, liable for plunges in Facebook’s stock price that accompanied explosive whistleblower allegations about the social media site’s effects on children and efforts to stop the spread of misinformation.
