Starboard Takes Elanco Stake, Nominates Three to Its Board (The Wall Street Journal)
Activist investor Starboard Value LP has taken a stake in Elanco Animal Health Inc. and nominated three directors to the company’s board, according to people familiar with the matter. Elanco, which makes vaccines and treatments for pets and livestock, has a market value of about $15 billion. The exact size of Starboard’s stake – and specifically what the fund intends to advocate at Elanco – couldn’t be learned, though it tends to make sizable investments in companies it targets.
Never Go Against the Main Theme (Hedge Nordic)
Stockholm (HedgeNordic) – Danish entrepreneur, author and investor Lars Tvede is setting up a hedge fund business to leverage his own success in macro-based investing over the years. Tvede, a Dane living out of Switzerland who co-founded several ventures such as forecasting company Supertrends and authored 17 books on business cycles, psychology, trading psychology and other topics, is awaiting approval from regulators to launch his Luxembourg-domiciled hedge fund called Atlas Global Macro.
How Technology Can Bring Certainty in Uncertain Times (Preqin)
As we look back at 2020 – more so than for many years before it – it is time to reflect and make sense of what has happened to our world, our commerce, and our ways of transacting business. Almost a year ago, RFA and our clients were thrown into a forced new way of working. This meant a 100% business continuity plan mode across our clients and ourselves, while focusing on retaining performance trading in a functional and secure way during uncertain and challenging times. But while we are still living in such an unsettled climate, there are some certainties that the hedge fund sector must consider as we move into 2021.
Thursday 3/4 Insider Buying Report: CNP, EVRG (Nasdaq.com)
On Monday, CenterPoint Energy’s Director, Leslie D. Biddle, made a $992,000 purchase of CNP, buying 50,000 shares at a cost of $19.84 each. Bargain hunters can pick up CNP even cheaper than Biddle did, with the stock changing hands as low as $19.38 in trading on Thursday — that’s 2.3% under Biddle’s purchase price. CenterPoint Energy, is trading down about 0.6% on the day Thursday. And on Wednesday, EVP – Chief Financial Officer Kirkland B. Andrews purchased $534,779 worth of Evergy, purchasing 10,000 shares at a cost of $53.48 each. This purchase marks the first one filed by Andrews in the past year. Evergy Inc is trading up about 0.2% on the day Thursday.
Lyft Inc (LYFT) CEO Logan Green Sold $53.2 million of Shares (Guru Focus)
CEO of Lyft Inc, Logan Green, sold 889,000 shares of LYFT on 03/03/2021 at an average price of $59.84 a share. The total sale was $53.2 million. Lyft Inc has a market cap of $20.31 billion; its shares were traded at around $61.760000 with and P/S ratio of 8.11.
