Legendary Hedge Fund Lone Pine Posts First Quarter Loss (Institutional Investor)
The Tiger Cub experienced mixed results from its largest long positions. Lone Pine Capital has gotten off to a rough start this year.In the first quarter of 2021, the Tiger Cub founded by Stephen Mandel, Jr. suffered a 10 percent loss in its Lone Cypress long-short fund, as well as a 2 percent loss in its long-only fund, Lone Cascade, according…
Bard Is Driving Toward a $1 Billion Endowment with Soros Donation (AI-CIO.com)
Bard College could be the next $1 billion university endowment if it can match a $500 million grant from billionaire investor George Soros within the next five years. It has already raised $250 million toward that goal. Until then, a Bard spokesman said the $500 million commitment from the Hungarian-born American investor will be held in his Quantum hedge funds, governed by Soros Fund Management, his family office. It is among the largest grants ever given to a higher education institution.
Truly Nordic Hidden Gems (Hedge Nordic)
Stockholm (HedgeNordic) – Making money in the stock market sometimes involves going places everybody else is neglecting or outright avoiding. Places such as an unloved company getting its house back in order or a small, little-known company with significant upside potential. Staffan Östlin and his co-portfolio manager Johan Eriksson are focused on finding undiscovered and unloved gems among smaller companies in the Nordics for Adrigo Small & Midcap L/S. Since launching the stock-picking hedge fund back in late 2017, Östlin has found plenty of such gems.
Former CFO Of Badly-Run Company To Become CEO Of Badly-Run Company Hunter (Deal Breaker)
Carl Icahn needs someone who can smell bad governance and also tolerate 99% humidity. When most hedge funds pack things up and move to Miami, the Sunshine State becomes merely an option for its employees, who generally remain free to continue working from offices in Manhattan or Greenwich or their homes. Not so Icahn Enterprises: Those unwilling the move to America’s worst state with Uncle Carl were free to stay in New York and go on the dole.
Tuesday 4/6 Insider Buying Report: CTOS, HQI (Nasdaq.com)
At Custom Truck One Source, a filing with the SEC revealed that on Thursday, Director Mark Ein bought 1,000,000 shares of CTOS, for a cost of $5.00 each, for a total investment of $5M. So far Ein is in the green, up about 94.8% on their buy based on today’s trading high of $9.74. Custom Truck One Source is trading up about 4.6% on the day Tuesday. This buy marks the first one filed by Ein in the past year. And at HireQuest, there was insider buying on Thursday, by Lawrence F. Hagenbuch who bought 4,500 shares for a cost of $17.22 each, for a total investment of $77,490. Before this latest buy, Hagenbuch bought HQI on 2 other occasions during the past year, for a total investment of $121,133 at an average of $7.38 per share. HireQuest is trading trading flat on the day Tuesday. Hagenbuch was up about 8.9% on the buy at the high point of today’s trading session, with HQI trading as high as $18.75 at last check today.
Telos Corp (TLS) EVP, COO Edward L Williams Sold $26.8 million of Shares (Guru Focus)
EVP, COO of Telos Corp, Edward L Williams, sold 812,959 shares of TLS on 04/01/2021 at an average price of $33 a share. The total sale was $26.8 million. Telos Corp is an information technology company. The company, together with its subsidiaries, is engaged in designing and providing technologies to deliver solutions that empower and protect the enterprises.
The CMO of Five Below (NASDAQ: FIVE) is Selling Shares (Analyst Ratings)
Yesterday, the CMO of Five Below (FIVE), Michael Romanko, sold shares of FIVE for $473.3K. Following Michael Romanko’s last FIVE Sell transaction on March 30, 2021, the stock climbed by 5.1%. In addition to Michael Romanko, one other FIVE executive reported Sell trades in the last month.
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