Form D Friday: Dallas firm raises $13.8 million for environmentally focused Hedge Fund (Dallas Business Journal)
Welcome back to Form D Friday, where we take a look at regulatory filings in North Texas to see which businesses and firms are raising capital for a new project, investment idea or for something else. Although the filings don’t have many details, they provide a glimpse at what businesses and investors might be planning. Satori Capital: $19.1 million: Satori has raised $19.1 million from 14 investors in its hedge fund titled “Satori Environmental Partners, LP,” per a public filing. The Dallas-based firm, co-founded by Sunny Vanderbeck and Randy Eisenman, makes private equity investments in middle-market companies across business services, consumer products and software, among other sectors. Satori’s alternatives investment business, Satori Alpha, manages portfolios for private investors, factoring sustainable business practices as one of its “core tenets,” per its website.
More Than 60 Firms Now Managing $10bn+ in Hedge Fund Assets (Hedge Week)
US-based multi-strategy managers dominate a new ranking of 64 investment firms managing $10 billion or more in hedge fund assets. Four of the top ten firms on the inaugural ‘$10bn+ Power List’ from Alternative Fund Insight (AFI) specialise in multi-strategy hedge fund vehicles, including Miami-headquartered Citadel and New York-based Millennium Management. Collectively, the wider group of 64 firms manages $1.75 trillion, around 44% of the hedge fund industry’s $4 trillion total AUM.
SiriusPoint Board will “Carefully Evaluate” Any Takeover Offer (InsuranceBusinessMag.com)
Hedge fund Third Point LLC is interested in potentially snapping up SiriusPoint, the board of which will thoroughly consider any such proposal. SiriusPoint, which reported a $402.8 million net loss available to common shareholders for 2022, came to life in 2021 as a result of the merger between specialty reinsurer Third Point Reinsurance and multi-line (re)insurer Sirius International Insurance Group.
Thursday 4/13 Insider Buying Report: AYI, SBEV (Nasdaq.com)
On Tuesday, Acuity Brands (AYI)’s Director, Laura O’shaughnessy, made a $99,888 purchase of AYI, buying 632 shares at a cost of $158.05 a piece. Acuity Brands is trading off about 1.5% on the day Thursday. Before this latest buy, O’shaughnessy made one other buy in the past twelve months, purchasing $100,360 shares for a cost of $174.54 a piece. And on Thursday, CEO and Chairman Robert Nistico bought $19,882 worth of Splash Beverage Group (SBEV), buying 17,000 shares at a cost of $1.17 a piece. Before this latest buy, Nistico made one other buy in the past twelve months, purchasing $4,110 shares at a cost of $2.06 each. Splash Beverage Group is trading up about 5.1% on the day Thursday.
RPM International, Rambus And 2 Other Stocks Insiders Are Selling (Benzinga)
Rambus: The Trade: Rambus Inc. (RMBS) President and CEO Luc Seraphin sold a total of 12,500 shares at an average price of $ $48.68. The insider received around $608.56 thousand from selling those shares. RPM International: The Trade: RPM International Inc. (RPM) SVP, GC & CCO Edward W Moore sold a total of 6,626 shares at an average price of $80.61. The insider received around $534.13 thousand from selling those shares.
