Managed Futures Hedge Funds Generate ‘Fantastic’ Q1 Returns Amid Upward Market Momentum (Hedge Week)
Managed futures hedge funds have finished the first quarter of the year in positive territory, seizing on upwards trends in equities indices and the US dollar while weathering the recent bond market and commodities upheaval. Each of Société Générale’s three main CTA and trend-following indices posted gains during March, rounding off what Tom Wrobel, director of capital consulting at Société Générale Prime Services and Clearing in London, describes as a “strong first quarter” for the CTA and trend-following hedge fund sector.
Peak Rock Capital Hits a $2bn Hard Cap for Its Third Flagship Fundraise (Opalesque)
The middle-market private investment firm Peak Rock Capital has closed its third flagship fund Peak Rock Capital Fund III at its $2 billion hard cap, substantially exceeding its target of $1.3 billion. The Austin, Texas, firm said in a press release that its predecessor fund, Fund II, closed on $1.3 billion of commitments in 2017, and its inaugural fund closed on over $700 million in 2013. “Fund III will continue Peak Rock’s successful strategy of focusing on making investments in middle-market companies where Peak Rock can support senior management to drive rapid growth and profit improvement through operational and strategic initiatives,” said the release.
GIC Reaps Big Rewards from Direct Venture Capital Investments (Preqin)
Singapore’s sovereign wealth fund has been actively pursuing direct equity investments in tech companies in recent years, a strategy that is paying off with multiple high-profile exits Singaporean SWF GIC is one of the largest investors in private equity globally, with a 13% allocation to the asset class, as of 31 March 2020. While GIC puts most of its capital to work through externally managed funds, and in particular buyout funds, GIC has become more active as a direct investor in venture capital deals over time, as Fig. 1 shows.
Thursday 4/8 Insider Buying Report: NMTR, JRO (Nasdaq.com)
On Monday, 9 Meters Biopharma’s Chief Financial Officer, Edward J. Sitar, made a $50,000 buy of NMTR, purchasing 50,000 shares at a cost of $1.00 a piece. So far Sitar is in the green, up about 24.0% on their purchase based on today’s trading high of $1.24. 9 Meters Biopharma is trading down about 3.2% on the day Thursday. This buy marks the first one filed by Sitar in the past twelve months. And on Wednesday, Scott C. Caraher purchased $47,900 worth of Nuveen Floating Rate Income Opportunity Fund, purchasing 5,000 shares at a cost of $9.58 a piece. Nuveen Floating Rate Income Opportunity Fund is trading up about 0.2% on the day Thursday. So far Caraher is in the green, up about 0.2% on their buy based on today’s trading high of $9.60.
Datadog Inc (DDOG) CEO Olivier Pomel Sold $27.4 million of Shares (Guru Focus)
CEO of Datadog Inc, Olivier Pomel, sold 329,400 shares of DDOG on 04/05/2021 at an average price of $83.22 a share. The total sale was $27.4 million. Datadog Inc has a market cap of $26.54 billion; its shares were traded at around $86.600000 with and P/S ratio of 45.15.
An Insider at Shoe Carnival (NASDAQ: SCVL) is Selling Shares (Analyst Ratings)
Yesterday, an Insider at Shoe Carnival (SCVL), Timothy T. Baker, sold shares of SCVL for $1.7M. Following Timothy T. Baker’s last SCVL Sell transaction on February 22, 2021, the stock climbed by 11.8%. Based on Shoe Carnival’s latest earnings report for the quarter ending January 31, the company posted quarterly revenue of $254 million and quarterly net profit of $7.44 million. In comparison, last year the company earned revenue of $240 million and had a net profit of $3.48 million. The company has a one-year high of $63.47 and a one-year low of $15.30. Currently, Shoe Carnival has an average volume of 82.29K.
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