Hedge Fund and Insider Trading News: Leon Cooperman, Mike Novogratz, Anthony Scaramucci, David Tepper, Catasys, Inc. (CATS), Carnival Corp (CCL), and More

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Hedge Fund Marshall Wace Heads ‘Army of Kindness’ to Help Feed NHS (Telegraph.co.uk)
The co-founder of one of Britain’s most powerful hedge funds is spearheading a programme to deliver 30,000 meals a day to NHS workers. Ian Wace, chief executive of Marshall Wace, is leading a coalition of upmarket restaurants to prepare food for staff across 11 NHS Trusts. The hedge fund’s charitable arm is donating £3m to fund the initiative. Restaurants such as Claridge’s, Annabel’s and Le Pont de la Tour are among those offering to cook and deliver food.

“A Disciplined Approach”: How Emerging Markets Manager Balchug is Trading Through the Turmoil (Hedge Week)
Named after the riverside district in central Moscow, Balchug Capital – the long/short emerging market equities and fixed income investment manager launched by David Amaryan in 2009 – focuses on event driven and value-based opportunities predominantly in Russia and the former Soviet Union. Armenian-born CEO/CIO Amaryan, who began his investment career at AllianceBernstein in 2001, believes Balchug’s investment style – which trades high-conviction, concentrated positions based on fundamental value in mispriced securities which have been re-rated by the market following certain events – is vital in the prevailing investment climate.

Monday 4/13 Insider Buying Report: CATS, SMPL (Nasdaq.com)
At Catasys, a filing with the SEC revealed that on Thursday, Director Robert Rebak bought 5,000 shares of CATS, for a cost of $20.70 each, for a total investment of $103,500. Catasys is trading up about 6.5% on the day Monday. Before this latest buy, Rebak made one other buy in the past twelve months, purchasing $33,056 shares at a cost of $10.33 a piece. And also on Thursday, Director James E. Healey bought $84,300 worth of Simply Good Foods, buying 5,000 shares at a cost of $16.86 each. This purchase marks the first one filed by Healey in the past year. Simply Good Foods is trading up about 3.3% on the day Monday. Bargain hunters have the opportunity to pick up SMPL at a price even lower than Healey did, with shares trading as low as $15.90 at last check today — that’s 5.7% under Healey’s purchase price.

Notable Insider Buys In The Past Week: Carnival, MGM And More (Benzinga)
Insiders continued to take advantage of fallen share prices last week. Here are some of the most noteworthy insider purchases reported in the past week. A director took advantage of a common stock offering to add 1.25 million Carnival Corp CCL 7.96% shares. At a share price of $8.00, that cost the director $10.00 million. The stock ended last week’s trading at $12.42 per share, which is up 7% or so in the past week but still over 75% lower than at the beginning of the year. Three Simply Good Foods Co SMPL 5.19% directors bought a combined 45,000 shares of this Denver-based company. At $15.75 to $17.00 per share, that came to more than $741,400 altogether. The maker of Atkins products posted better than expected second-quarter results last week, but the stock lost almost 8% of its value and closed most recently at $15.79 a share. The three analysts surveyed recommend buying shares.

Manappuram Finance: Sebi Disposes of Insider Trading Charges Against SBI MF, Aditya Birla Sunlife MF (Financial Express)
It was alleged that the two fund houses had sold shares of Manappuram Finance Ltd (MFL) while in possession of unpublished price sensitive information (UPSI) about the company and thereby violated insider trading norms. Markets regulator Sebi on Monday disposed of insider trading charges against two mutual fund houses – SBI Funds Management and Aditya Birla Sunlife AMC – in the matter of Manappuram Finance.






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