CARL Launches New Affiliate Program with Fintel Connect (TMCnet.com)
VANCOUVER, B.C., Feb. 2, 2021 /PRNewswire/ — CARL, a US mobile hedge fund app for accredited investors, has recently launched its affiliate program in partnership with Fintel Connect. CARL’s unique, 100% end-to-end digital platform delivers sophisticated quantitative investments to accredited investors. The platform features lowered minimums, real-time performance data, diversification options and monthly liquidity. As a mobile app, it also removes barriers to access, improves risk control and delivers 15-25% targeted returns.
Mediobanca’s Cairn Buys Blackstone-Backed Hedge Fund Bybrook (Bloomberg)
(Bloomberg) — Mediobanca SpA’s credit fund Cairn Capital has agreed to buy Bybrook Capital, a distressed debt fund backed by Blackstone Group Inc., to expand its offering of alternative investments. The acquisition, set to complete by the end of June, will add about $2.5 billion in assets under management, taking Cairn to more than $8 billion, Chief Executive Officer Nicholas Chalmers said in a phone interview. He did not disclose the value of the deal.
Tuesday 2/2 Insider Buying Report: TXN, BRO (Nasdaq.com)
At Texas Instruments, a filing with the SEC revealed that on Thursday, Director Martin S. Craighead purchased 5,975 shares of TXN, at a cost of $166.91 each, for a total investment of $997,294. Craighead was up about 5.3% on the purchase at the high point of today’s trading session, with TXN trading as high as $175.70 at last check today. Texas Instruments is trading off about 0.2% on the day Tuesday. This buy marks the first one filed by Craighead in the past year. And at Brown & Brown, there was insider buying on Friday, by Director James Charles Hays who purchased 10,000 shares at a cost of $43.38 each, for a trade totaling $433,750. Brown & Brown is trading up about 2.9% on the day Tuesday.
We Asked 7 Experts What They’re Hoping Warren Buffett’s Berkshire Hathaway will do this Year. Here’s What They Told Us. (Business Insider)
Warren Buffett‘s Berkshire Hathaway had a rollercoaster ride of a year in 2020. The famous investor’s company owns scores of businesses including Geico, See’s Candies, and the BNSF railway, as well as billion-dollar stakes in Apple, Bank of America, Coca-Cola, Kraft Heinz, and other public companies.
B. Riley Financial Inc (RILY) Chairman and Co-CEO Bryant R Riley Bought $72,375 of Shares (Guru Focus)
Chairman and Co-CEO of B. Riley Financial Inc, Bryant R Riley, bought 1,500 shares of RILY on 01/29/2021 at an average price of $48.25 a share. The total cost of this purchase was $72,375. B. Riley Financial Inc is a diversified financial services company. The reportable operating segments of the company include Capital Markets, Auction and Liquidation, Valuation and Appraisal and Principal Investments.
A Director at Trustmark (NASDAQ: TRMK) is Selling Shares (Analyst Ratings)
Today, a Director at Trustmark (TRMK), Harry Walker, sold shares of TRMK for $114.7K. Based on Trustmark’s latest earnings report for the quarter ending December 31, the company posted quarterly revenue of $154 million and quarterly net profit of $51.22 million. In comparison, last year the company earned revenue of $131 million and had a net profit of $33.95 million. The company has a one-year high of $33.48 and a one-year low of $20.08. Currently, Trustmark has an average volume of 82.33K.
Insider-Trading Suspects Can Stay Silent, EU Top Court Rules (Bloomberg Law)
Insider-trading suspects have a right to remain silent during the course of an investigation, but aren’t allowed to fully refuse to cooperate with authorities, the European Union’s highest court ruled. The EU Court of Justice in Luxembourg said the right to remain silent “lies at the heart of the notion of a fair trial,” but this right “cannot, however, justify every failure to cooperate on the part of the person concerned with the competent authorities, such as refusing to appear at a hearing planned by those authorities or using delaying tactics designed to postpone it.”
