Satori Capital buys into hedge fund manager Mountain Cove Capital Management (AltAssets.net)
Satori Capital, a Texas-based private equity house it says is founded on the principles of “conscious capitalism”, has agreed to back investment firm Mountain Cove Capital Management. Satori, which has more than $1bn in assets under management has committed to invest $10m in Mountain Cove as part of its Satori XL Partnership Program, which forms strategic acceleration partnerships with talented emerging investment managers.
Kyle Bass Takes on a Widowmaker Currency Trade (Bloomberg)
Hong Kong has maintained a strict relationship between its currency and the U.S. dollar since 1983. The Hong Kong Monetary Authority has intervened whenever the Hong Kong dollar has threatened to breach a designated trading band, most recently set in 2005 at HK$7.75 to HK$7.85. As other fixed-currency regimes have come and gone, this one has been phenomenally successful. Nevertheless, hedge fund manager Kyle Bass reckons its days are numbered.
Broadcom Inc (AVGO) President and CEO Hock E Tan Sold $18.1 million of Shares (Guru Focus)
President and CEO of Broadcom Inc, Hock E Tan, sold 57,171 shares of AVGO on 07/07/2020 at an average price of $315.86 a share. The total sale was $18.1 million. Broadcom Inc is engaged in designing, developing and supplying analog and digital semiconductor connectivity solutions. Its product portfolio serves wired infrastructure, wireless communications, enterprise storage and industrial and other end markets. Broadcom Inc has a market cap of $129.3 billion; its shares were traded at around $321.50 with a P/E ratio of 57.51 and P/S ratio of 5.87.
The CEO of Ligand Pharma is Exercising Options (Analyst Ratings)
Today it was reported that the CEO of Ligand Pharma (LGND), John L. Higgins, exercised options to buy 4,315 LGND shares at $70.01 a share, for a total transaction value of $302.1K. Following John L. Higgins’ last LGND Buy transaction on July 31, 2019, the stock climbed by 20.5%. This recent transaction increases John L. Higgins’ holding in the company by 2.19% to a total of $22.91 million.
LGI Homes Inc (LGIH) CEO and Chairman of the Board Eric Thomas Lipar Sold $2.5 million of Shares (Guru Focus)
CEO and Chairman of the Board of Lgi Homes Inc, Eric Thomas Lipar, sold 25,000 shares of LGIH on 07/08/2020 at an average price of $101.44 a share. The total sale was $2.5 million. LGI Homes Inc is a residential building company. It is engaged in the design, construction, marketing and sale of new homes in markets in Texas, Arizona, Florida, Georgia, New Mexico, South Carolina, North Carolina, Colorado, Washington and Tennessee.
