Hedge Fund and Insider Trading News: Indaba Capital, Bridgewater Associates, Tiger Global Management, Coupang Inc (CPNG), Darling Ingredients Inc (DAR), and More

Hedge Fund Billionaire Secures High Speed Internet For Miami-Dade Homes (Florida News)
A $30 million initiative spearheaded by Florida born and raised hedge fund billionaire Ken Griffin will allow 100,000 less fortunate Miami-Dade homes to get online for free. The Miami Foundation and Achieve Miami teamed up with Mayors Francis Suarez of Miami and County Mayor Daniella Levine Cava along with Miami-Dade Schools Superintendent Alberto Carvalho and internet provider Comcast to get less fortunate households online.

Hedge Funds Kicked Off 2021 With $49 Billion Sale Of Treasuries (FA-Mag.com)
Hedge funds offloaded the most Treasuries in nine months in January, foreshadowing a selloff in U.S. bonds that occurred just weeks later. The Cayman Islands, seen as a proxy for hedge funds and other leveraged accounts, dumped $49 billion of U.S. sovereign bonds, making it the largest net seller of the debt that month, according to the latest data from the Treasury Department. The selling came on the back of the Democratic victories in the January 5 Georgia run-off race which paved the way for bumper stimulus spending to revive the U.S. economy. Bets for growth and inflation to quicken have since gained traction, fueling a jump in Treasury yields to the highest in over a year.

Goldman Sachs Analyst and Brother Face Trial ‘for Insider Trading’ (MSN)
A Goldman Sachs analyst and his lawyer brother will face trial over claims they made £142,000 in profit from insider trading. Mohamed Zina and Suhail Zina, both of Stoke Newington, north London, are accused of having made the sum between July 15, 2016 and December 4, 2017. Mohamed, 32, was working for Goldman Sachs International’s Conflicts Resolution Group in their London office, while Suhail, 33, was a solicitor at Clifford Chance.

Coupang Inc (CPNG) CEO and Chairman Bom Suk Kim Sold $42 million of Shares (Guru Focus)
CEO and Chairman of Coupang Inc (NYSE: CPNG), Bom Suk Kim, sold 1,200,000 shares of CPNG on 03/15/2021 at an average price of $35 a share. The total sale was $42 million. Coupang Inc has a market cap of $86.53 billion; its shares were traded at around $50.450000.

A Director at Darling Ingredients (NYSE: DAR) is Selling Shares (Analyst Ratings)
Yesterday, a Director at Darling Ingredients (DAR), Dirk Kloosterboer, sold shares of DAR for $1.53M. In addition to Dirk Kloosterboer, 2 other DAR executives reported Sell trades in the last month. Based on Darling Ingredients’ latest earnings report for the quarter ending December 31, the company posted quarterly revenue of $1.02 billion and quarterly net profit of $44.75 million.

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