HFR Launches Family of Indexes Tracking U.S. Hedge Funds (Barron’s)
Anew family of hedge fund indexes will allow investors to track the performance of private U.S.-based hedge funds with different strategies, including macro, event-driven, and equity-hedge. Eventually, these indexes should lead to the development of index funds available to high-net-worth investors. The HFRI 400 U.S. Fund Weighted Composite Index and its many subindexes, which launched Tuesday, include hedge funds with a range of strategies that generally are intended to be uncorrelated with stock and bond markets.
The Rich List: The 22nd Annual Ranking of the Highest-Earning Hedge Fund Managers (Institutional Investor)
Stocks may have plunged into a bear market in 2022 — but that didn’t stop hedge fund managers from bringing home billions of dollars in personal earnings. Although the market rout caused a large portion of long-short and long-only managers to lose money last year — with many performing even worse than the S&P 500 index’s 19 percent decline — 2022 was a very good year for multistrategy, macro, trend-following, and fixed-income managers.
Hedge Fund Feud Over China Quant Trader Shows Growing Talent War (Bloomberg)
Two of China’s best-known quantitative hedge funds are embroiled in a court dispute that centers on the hiring of a trading strategist to a rival firm, a sign of intensifying competition for the industry’s top talent. Shanghai Ruitian Investment LLC is suing Zhejiang High-Flyer Asset Management and its associated companies over a potential “infringement on technology secrets,” according to court documents.
Monday 3/6 Insider Buying Report: DAR, PEB (Nasdaq.com)
At Darling Ingredients, a filing with the SEC revealed that on Wednesday, Director Larry Barden purchased 5,000 shares of DAR, at a cost of $64.49 each, for a total investment of $322,450. Bargain hunters are able to pick up DAR even cheaper than Barden did, with shares changing hands as low as $63.34 in trading on Monday — that’s 1.8% below Barden’s purchase price. Darling Ingredients is trading up about 0.1% on the day Monday. And at Pebblebrook Hotel Trust, there was insider buying on Wednesday, by CEO Jon E. Bortz who bought 21,000 shares at a cost of $14.46 each, for a trade totaling $303,632. Before this latest buy, Bortz made one other buy in the past year, purchasing $429,988 shares at a cost of $16.54 a piece. Pebblebrook Hotel Trust is trading up about 1.7% on the day Monday. So far Bortz is in the green, up about 6.9% on their buy based on today’s trading high of $15.46.
Insiders Selling Airbnb, SP Plus And 2 Other Stocks (Benzinga)
Airbnb: The Trade: Airbnb, Inc. (ABNB) 10% owner Joseph Gebbia sold a total of 1,371,301 shares at an average price of $124.21. The insider received around $170.33 million from selling those shares. Tellurian: The Trade: Tellurian Inc. (TELL) Executive Chairman Charif Souki sold a total of 1,084,041 shares at an average price of $1.51. The insider received around $1.64 million from selling those shares.
This Insider Just Pocketed Dish Network (NASDAQ:DISH) Stock Worth $15.7M (TipRanks)
One of Dish Network’s (NASDAQ:DISH) key insiders, James DeFranco, recently bought the company’s shares worth $15.7 million. DISH stock traded about 3% higher in the after-trade hours on Monday. The company provides pay-TV services. Also, it owns direct-broadcast satellite provider DISH and streaming service provider Sling TV. It is worth highlighting that DeFranco is Dish Network’s Co-Founder, one of the company’s Executive Vice Presidents, and has been a member of the Board of Directors since its formation.
