Helicopter-Lease Shop Circles ESG Strategy (Green Street)
The operator of a novel fund that buys and leases out helicopters is starting two new vehicles, including the first in the sector to adhere to environmental, social and governance principles. Thora Capital is aiming to raise about $100 million for that offering, Thora Capital Climate Impact Fund 1. At the same time, the Chicago firm is setting out to collect a few hundred million dollars for the follow-up to its debut fund, a 2019-vintage entity called Thora Capital Fund 1 that took in $85 million. Oakpoint Advisors is serving as placement agent for the new funds. At the same time, Thora is discussing the vehicles’ terms with investors while casting an eye toward holding their initial equity closes in the second or third quarter.
Hedge Fund Industry Performance was Broadly Positive in February (Opalesque.com)
Opalesque Industry Update – Industry performance was broadly positive in February 2021 with 80% of products reporting to eVestment reporting gains during the month. While the average positive result was high (+4.51%), it has been surpassed by four other months in the course of the prior twelve. Since post-pandemic onset in March 2020, the industry has produced aggregate returns of nearly 20%, which is the best 12-month return period for the industry since at least 2011. Equity market exposures produced the best average returns in February followed by commodities, but it is Origination & Financing products which have produced the largest primary strategy returns YTD.
Wednesday 3/17 Insider Buying Report: VICI, ADM (Nasdaq.com)
On Tuesday, VICI Properties’s Director, James R. Abrahamson, made a $373,032 purchase of VICI, buying 13,200 shares at a cost of $28.26 each. VICI Properties is trading up about 1.2% on the day Wednesday. Before this latest buy, Abrahamson purchased VICI on 2 other occasions during the past twelve months, for a total cost of $373,442 at an average of $24.73 per share. And at Archer Daniels Midland, there was insider buying on Friday, by Senior Vice President Jennifer L. Weber who purchased 5,095 shares at a cost of $58.40 each, for a total investment of $297,551. This buy marks the first one filed by Weber in the past year. Archer Daniels Midland is trading off about 0.7% on the day Wednesday. Bargain hunters can bag ADM even cheaper than Weber did, with the stock trading as low as $57.31 in trading on Wednesday which is 1.9% below Weber’s purchase price.
Installed Building Products Inc (IBP) President, CEO and Chairman Jeffrey W. Edwards Sold $33.1 million of Shares (Guru Focus)
President, CEO and Chairman of Installed Building Products Inc, Jeffrey W. Edwards, sold 300,000 shares of IBP on 03/12/2021 at an average price of $110.25 a share. The total sale was $33.1 million. Installed Building Products Inc is engaged in the installation of insulation, garage doors, rain gutters, shower doors, closet shelving and mirrors, and other products in the continental United States.
The EVP, CFO & Treas of Boyd Gaming (NYSE: BYD) is Selling Shares (Analyst Ratings)
Yesterday, the EVP, CFO & Treas of Boyd Gaming (BYD), Josh Hirsberg, sold shares of BYD for $2.4M. In addition to Josh Hirsberg, 7 other BYD executives reported Sell trades in the last month. Following Josh Hirsberg’s last BYD Sell transaction on March 10, 2021, the stock climbed by 1.5%.
