Griffin Makes His Biggest Miami Gift Yet to Pediatric Hospital (Bloomberg)
Citadel founder donates $25 million to Nicklaus Children’s Hospital for a new wing to house operating rooms and family spaces. Ken Griffin is giving $25 million to a Miami hospital that specializes in pediatric care, his single largest gift to a nonprofit in his newly adopted state of Florida. The funds will help the Nicklaus Children’s Hospital complete a new building with high-tech operating rooms and spaces for family, the hospital said Tuesday in a statement. The 127,000-square-foot (11,800-square-meter) wing is expected to open in 2024 as the Kenneth C. Griffin Surgical Tower.
Why Green Plains Is Soaring Today (The Motley Fool)
What happened: Shares of Green Plains (GPRE 13.06%) are surging higher in morning trading Tuesday after hedge fund Ancora Partners sent a letter to the board of the ethanol producer urging the company to explore a sale of the business. The stock was running 11.6% higher at 10:58 a.m. ET. The $34-per-share price it hit is still well below the $50 per share Ancora believes Green Plains can receive. So what: Ancora said Green Plains’ plan to transition from ethanol production to a sustainable biorefinery platform is actually a worthwhile strategy because there is significant long-term potential in the move.
Crystal Capital Partners Says Diversification Was Key In Volatile 2022 (FA-MAg.com)
Investors who had a broad diversification of strategies available to them for 2022 “slept well at night” despite the market volatility, according to Alan Strauss, senior partner and director of investor relations at Crystal Capital Partners. Crystal Capital Partners, a turnkey alternative investment platform for financial advisors, which is based in Miami, saw positive results for the year, while the indexes were all in negative territory, Strauss said in an interview.
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Failed Crypto Hedge Fund Alameda Research Sues Voyager Digital for $446m (Financial News)
The managers steering failed crypto hedge fund Alameda Research through Chapter 11 have sued Voyager Digital for nearly $446m, alleging it received preferential payments while Sam Bankman-Fried’s crypto empire collapsed. In a lawsuit filed on 30 January, Alameda accused Voyager of feeding its customers’ money to risky crypto companies without due diligence, which helped fuel the alleged misuse of customer funds that brought down Alameda and its affiliated crypto exchange, FTX.
Vantage Towers Shares Rise After Elliott Takes 5.6% Stake (Investing.com)
Frankfurt-listed shares in Vantage Towers AG (ETR:VTWRn) touched a record high on Tuesday after activist hedge fund Elliott Management disclosed that it had taken a 5.61% stake in the Germany-based phone masts business. The news comes after Vodafone Group PLC (LON:VOD) transferred its 82% stake in Vantage last year to a joint venture formed with two infrastructure investment groups – KKR and Global Infrastructure Partners – and backed by Saudi Arabia’s sovereign wealth fund.
US Hedge Fund Davidson Kempner Buys $1.1 Billion UAE Bad Debt (Bloomberg)
US hedge fund Davidson Kempner Capital Management bought $1.1 billion in bad debt from Abu Dhabi Commercial Bank PJSC as the lender cleans up a balance sheet battered by a series of corporate defaults.
Darktrace Down 5% as New York Hedge Fund Launches Fresh Bear Raid (Sharesmagazine.co.uk)
Quintessential Capital Management and Marshall Wace take short positions. US hedge fund questions validity of financial statements and warns of correction. Darktrace says it has full confidence in accounting practices New York’s Quintessential Capital Management (QCM) has taken a short position in Darktrace (DARK) and published a report questioning the validity of the firm’s financial statements in a damaging bear raid on the AI-driven cyber security firm.
Tuesday 1/31 Insider Buying Report: ADX, GCBC (Nasdaq.com)
At Adams Diversified Equity Fund, a filing with the SEC revealed that on Friday, Director Jane Musser Nelson purchased 3,585 shares of ADX, for a cost of $15.41 each, for a total investment of $55,238. Adams Diversified Equity Fund is trading up about 0.5% on the day Tuesday. And on Thursday, Director Tejraj S. Hada purchased $46,350 worth of Greene County Bancorp, purchasing 1,000 shares at a cost of $46.35 a piece. Greene County Bancorp is trading off about 1.3% on the day Tuesday. Hada was up about 4.0% on the purchase at the high point of today’s trading session, with GCBC trading as high as $48.19 in trading on Tuesday.
Over $5M Bet On Uber Technologies? Check Out These 4 Stocks Insiders Are Buying (Benzinga)
Uber Technologies: The Trade: Uber Technologies, Inc. (UBER) Director Yasir Al-Rumayyan acquired a total of 250,000 shares an average price of $20.58. To acquire these shares, it cost around $5.14 million. Beacon Roofing Supply: The Trade: Beacon Roofing Supply, Inc. (BECN) 10% owner CD&R Boulder Holdings, L.P. bought a total of 107,185 shares at an average price of $55.98. To acquire these shares, it cost around $6 million.
Anson Hedge Fund Backs Activist in First Capital Proxy Fight (BNN Bloomberg)
Canadian hedge fund manager Anson Funds is backing an activist investor who’s fighting for control of First Capital Real Estate Investment Trust. Anson says First Capital is undervalued and has aligned itself with Samir Manji, the real estate executive who’s trying to win four board seats and change the company’s strategy, according to a letter to Anson investors.
