Hedge Fund Sloane Robinson to Shut (Bloomberg)
Another hedge fund titan is closing its doors. London mainstay Sloane Robinson is winding down, according to an investor letter seen by Bloomberg. It is the latest victim of a tough money-raising environment that’s caused a string of hedge fund liquidations. Bloomberg’s Dani Burger reports on “Bloomberg Markets: European Open.” (Source: Bloomberg)
Hedge Funds See “Little to No Profit” from Betting Against UK Supermarkets, as Short Trades Go Awry During Lockdown (Hedge Week)
Hedge funds that built major short positions against UK supermarkets at the start of the coronavirus lockdown have seen their bets go awry as share prices in the sector remained resilient. Several high-profile hedge fund managers made sizable wagers against the likes of Sainsbury’s and Morrisons earlier in the year, with marquee names such as Pelham Capital, BlackRock and Citadel Europe among those making the biggest bets.
Casella Waste Systems Inc (CWST) President & COO Edwin D Johnson Sold $1.6 million of Shares (Guru Focus)
President & COO of Casella Waste Systems Inc, Edwin D Johnson, sold 30,000 shares of CWST on 07/07/2020 at an average price of $52.22 a share. The total sale was $1.6 million. Casella Waste Systems Inc is a vertically-integrated solid waste, recycling, and resource management services company.
Tuesday 7/7 Insider Buying Report: WTI, COLB (Nasdaq.com)
On Monday, W & T Offshore’s Director, Virginia Boulet, made a $40,927 purchase of WTI, buying 18,604 shares at a cost of $2.20 each. Bargain hunters have the opportunity to snag WTI even cheaper than Boulet did, with the stock trading as low as $2.12 at last check today — that’s 3.5% under Boulet’s purchase price. W & T Offshore is trading off about 1.4% on the day Tuesday. Before this latest buy, Boulet bought WTI on 2 other occasions during the past year, for a total investment of $44,562 at an average of $2.10 per share. And on Thursday, EVP and General Counsel Kumi Yamamoto Baruffi bought $8,597 worth of Columbia Banking System, buying 337 shares at a cost of $25.51 each. This purchase marks the first one filed by Baruffi in the past year. Columbia Banking System Inc is trading down about 1.6% on the day Tuesday. So far Baruffi is in the green, up about 5.7% on their buy based on today’s trading high of $26.97.
Monolithic Power Systems Inc (MPWR) CEO Michael Hsing Sold $6.6 million of Shares (Guru Focus)
CEO of Monolithic Power Systems Inc, Michael Hsing, sold 27,500 shares of MPWR on 07/06/2020 at an average price of $238.9 a share. The total sale was $6.6 million. Monolithic Power Systems Inc is a provider of high-performance power solutions. These solutions are found in industrial applications, telecommunication infrastructures, cloud computing, automotive, and consumer applications.
