Vistra Launches SPAC and de-SPAC Services (Hedge Week)
Vistra has launch its Special Purpose Acquisition Companies (SPAC) service, which aims to provide a tailored proposition built around the key phases of a SPAC to address each stage of growth – beginning with an IPO through to de-SPACing and business growth. Leveraging Vistra’s extensive expertise across multiple jurisdictions, sectors, and intermediary relationships, Vistra supports a wide range of SPAC scenarios. Vistra also provides leading entity expertise with over 200,000 entities under management, including Special Purpose Vehicles (SPVs).
Lee Ainslie’s Maverick Capital is Up Big, While Managers Like Tiger Global and Whale Rock Slipped in July. Here’s How Top Funds are Performing in 2021. (Business Insider)
The cheery sentiment surrounding hedge funds’ first half of the year — which places like Hedge Fund Research have trumpeted as the best start in decades — does not apply to all managers. There are managers who have been slammed this year by massive market events, such as Gabe Plotkin‘s Melvin Capital, which was caught up in a retail trading-induced short squeeze in January and is still digging out of the hole, or macro shop Alphadyne Asset Management, which has lost $1.5 billion this year thanks to a bet on rising interest rates that went awry.
Nelson Peltz to Step Down from P&G Board (Reuters)
(Reuters) – Procter & Gamble Co said on Thursday activist investor Nelson Peltz would step down from the company’s board at the end of his term later this year. The consumer goods giant appointed the founder of Trian Fund Management to its board in 2018, following a bitter months-long proxy fight – the biggest ever involving a U.S. company at the time.
One Up, One Down (Hedge Nordic)
Stockholm (HedgeNordic) – The Nordic CTA space edged up 0.7 percent in July (85 percent reported) in increasingly nervous markets, with about half of the group enjoying gains. The group’s performance was mainly attributable to solid returns from Mandatum’s artificial intelligence-assisted systematic Mandatum Managed Futures Fund and RPM Galaxy.
Friday 8/6 Insider Buying Report: RXST, KMPR (Nasdaq.com)
On Thursday, Rxsight’s Ronald M. Kurtz, M.D., made a $2.05M purchase of RXST, buying 128,638 shares at a cost of $15.94 a piece. Investors have the opportunity to pick up RXST at a price even lower than Kurtz, M.D. did, with the stock trading as low as $13.50 at last check today which is 15.3% below Kurtz, M.D.’s purchase price. Rxsight is trading up about 2% on the day Friday. And at Kemper, there was insider buying on Wednesday, by Director Stuart B. Parker who purchased 25,000 shares for a cost of $61.62 each, for a trade totaling $1.54M. Kemper is trading up about 1.6% on the day Friday. So far Parker is in the green, up about 4.4% on their buy based on today’s trading high of $64.33.
The SVP of Pool (NASDAQ: POOL) is Selling Shares (Analyst Ratings)
Yesterday, the SVP of Pool (POOL), Mark Joslin, sold shares of POOL for $7.24M. Following Mark Joslin’s last POOL Sell transaction on November 06, 2020, the stock climbed by 106.0%. In addition to Mark Joslin, 3 other POOL executives reported Sell trades in the last month. Based on Pool’s latest earnings report for the quarter ending June 30, the company posted quarterly revenue of $1.79 billion and quarterly net profit of $260 million.
