Hedge Fund Strategies Soar: Industry Enjoys Biggest Annual Return Since Global Financial Crisis, as Managers Weather 2020 Storm with Double-Digit Surge (Hedge Week)
Hedge funds weathered the political, social and economic shocks brought about by the global pandemic and frequent bursts of soaring volatility to score a near-12 per cent return last year – their best since 2009 – outperforming both the Dow Jones Industrial Average and FTSE 100, new data from Hedge Fund Research shows. HFRI’s main Fund Weighted Composite Index – a global, equal-weighted measure of some 1400 single-manager hedge fund strategies – finished 2020 up 11.6 per cent for the year following a 4.5 per cent rise in December.
Investors with $2.4tn Assets Push HSBC to Cut Coal Investments (Financial News)
Fifteen institutional investors with a combined $2.4tn under management have filed a climate change resolution with HSBC calling for the bank to publish targets for reducing its exposure to coal in line with the Paris climate goals. The move has been coordinated by responsible investment NGO ShareAction with backing from investors including asset manager Amundi and hedge fund Man Group.
Monday 1/11 Insider Buying Report: ALRN, CAG (Nasdaq.com)
At Aileron Therapeutics, a filing with the SEC revealed that on Friday, Muneer A. Satter purchased 9,000,000 shares of ALRN, for a cost of $1.10 each, for a total investment of $9.9M. So far Satter is in the green, up about 72.7% on their buy based on today’s trading high of $1.90. Aileron Therapeutics is trading up about 40.7% on the day Monday. Before this latest buy, Satter made one other buy in the past twelve months, purchasing $4.07M shares at a cost of $1.10 each. And also on Friday, Director Richard H. Lenny bought $336,952 worth of Conagra Brands, buying 10,000 shares at a cost of $33.70 a piece. Conagra Brands is trading off about 1.5% on the day Monday.
The Chairman of Equinox Gold (NYSE MKT: EQX) is Selling Shares (Analyst Ratings)
Yesterday, the Chairman of Equinox Gold (EQX), Ross J Beaty., sold shares of EQX for $1M. This is Beaty.’s first Sell trade following 7 Buy transactions. Following Ross J Beaty.’s last EQX Sell transaction on March 12, 2020, the stock climbed by 4.8%.
Marathon Patent Group Inc (MARA) CEO Merrick D Okamoto Sold $13 million of Shares (Guru Focus)
CEO of Marathon Patent Group Inc, Merrick D Okamoto, sold 632,000 shares of MARA on 01/07/2021 at an average price of $20.51 a share. The total sale was $13 million. Marathon Patent Group Inc is a patent and patent rights acquisition and licensing company. The company acquires patents and patent rights from their owners including individual inventors to Fortune 500 companies.
Insider Trading: January 11, 2021 (BIV.com)
Insider Juan Manuel Ruiz-Conejo, officer. Company: Fortuna Silver Mines Inc. (TSX:FVI). Shares owned: 101,289. Trade date: Jan 5. Trade total: $ 607,930. Trade: Sale of 50,000 shares at prices from $12.07 to $12.20 per share. Insider Zhang Yongming, officer. Company: New Pacific Metals Corp. (TSX:NUAG). Shares owned: 132,100. Trade date: Dec 31. Trade total: $120,150. Trade: Sale of 15,000 shares at a price of $8.01 per share.
Notable Insider Buys Of The Past Week: Howard Hughes, Party City, Perrigo And More (Benzinga)
Here are some of the most noteworthy insider purchases that were reported in the past week. Real estate development and management company Howard Hughes Corp (HHC) saw 10% owner Pershing Square Capital Management increase its stake. The more than 2.51 million shares acquired, at $79.12 apiece, added up to over $199.13 million. Note that this owner also sold more than 574,800 shares last week. The stock ended the past week’s trading at $80.86 per share. A 10% owner began the year by adding 645,000 At Home Group Inc (HOME) shares to his stake. That owner paid $15.68 to $17.55 each, which totaled more than $10.74 million. Shares of this home decor superstore operator closed most recently above that purchase price range, at $19.18 a share.