TCI Boss Hohn’s Charitable Foundation Makes $491m in Donations Despite Investment Loss (Hedge Week)
The philanthropic foundation set up by Chris Hohn, founder of hedge fund firm The Children’s Investment Fund Management (TCI), donated almost $500m to charitable activities last year despite recording an investment loss for the first time in ten years, according to a report by The Times. The report cites the accounts for The Children’s Investment Fund Foundation as showing it gave $491m to charities in 2022, down from $828m in the previous year, as the organisation recorded an investment loss of $487m due to a what it described as “a challenging economic environment”, it’s first first net loss since 2012.
Insider Trading Alert: Huge Nvidia Shareholder Sells $25m of NVDA Stock (Finbold)
As Nvidia’s (NASDAQ: NVDA) stock continues to deliver stellar performance in 2023, shareholders are capitalizing on the momentum by selling their shares. Notably, Mark Stevens, a prominent member of Nvidia’s board and its second-largest shareholder, has undertaken a significant sale of Nvidia’s shares, amounting to a staggering $25 million. The disclosure of this transaction was made in documents filed with the United States Securities and Exchange Commission (SEC), where he unloaded a total of 52,175 shares. This sale of shares was executed in two separate batches.
Friday 9/1 Insider Buying Report: SPRY, WDAY (Nasdaq.com)
On Tuesday, ARS Pharmaceuticals’ Director, Peter A. Thompson, made a $3.1M buy of SPRY, purchasing 500,000 shares at a cost of $6.20 a piece. So far Thompson is in the green, up about 29.0% on their buy based on today’s trading high of $8.00. ARS Pharmaceuticals is trading up about 9.6% on the day Friday. This purchase marks the first one filed by Thompson in the past twelve months. And at Workday, there was insider buying on Tuesday, by Co-CEO Carl M. Eschenbach who purchased 8,676 shares for a cost of $240.44 each, for a total investment of $2.09M. Workday is trading up about 1% on the day Friday. So far Eschenbach is in the green, up about 2.7% on their buy based on today’s trading high of $247.04.
Over $2M Bet On Workday? Check Out These 4 Stocks Insiders Are Buying (Benzinga)
Workday: The Trade: Workday, Inc. (WDAY) Co-CEO Carl Eschenbach acquired a total of 8,676 shares shares an average price of $240.44. To acquire these shares, it cost around $2.09 million. Impinj: The Trade: Impinj, Inc. (PI) Director Patrick Daniel Gibson acquired a total of 28,579 shares at an average price of $63.27. To acquire these shares, it cost around $1.81 million.
Newspaper Chain Owned by Hedge Fund Buys 4 Pennsylvania Dailies (MarketWatch)
SCRANTON, Pa. — A Pennsylvania media conglomerate sold its four daily newspapers, including The Times-Tribune of Scranton, to publishing powerhouse MediaNews Group on Thursday, ending nearly 130 years of local ownership. Times-Shamrock Communications CEO Jim Lewandowski made the announcement to staff, The Times-Tribune reported. The other papers in the sale are The Citizens’ Voice of Wilkes-Barre, the Republican Herald of Pottsville, and the (Hazleton) Standard-Speaker, as well as Times-Shamrock’s weeklies, commercial printing business and other divisions.
