Hedge Fund and Insider Trading News: Nicolai Tangen, Dan Sundheim, Odey Asset Management, Alcur Fonder, Facebook, Inc. (FB), First Citizens BancShares Inc (FCNCA), and More

Facebook Inc (FB) COB and CEO Mark Zuckerberg Sold $13.3 million of Shares (Guru Focus)
COB and CEO of Facebook Inc, Mark Zuckerberg, sold 49,750 shares of FB on 11/23/2020 at an average price of $267.6 a share. The total sale was $13.3 million. Facebook Inc is the world’s largest online social network. Its products are Facebook, Instagram, Messenger, WhatsApp, and Oculus. Its products enable people to connect and share through mobile devices and personal computers.

Hedge Funds Must do More to Foster Collaboration with LPs (Hedge Week)
November looks like it could be a superb month for equity-focused hedge funds on the back of Biden’s presidential victory and the three Covid vaccine announcements. And with hedge funds up over 5 per cent YTD, November’s turbo boost could see 2020 ending on a high note. This should be welcome relief to newer hedge funds keen to demonstrate to investors that they have the magic touch to active stock picking, and that their investment process is both robust and repeatable. In that regard, for those ending 2020 with a two-year track record, next year could prove pivotal to securing serious institutional dollars.

Q3 2020 Hedge Fund Asset Flows (Preqin)
Hedge fund assets under management have finally surpassed pre-COVID-19 levels, pushing to a new industry high of $3,696bn. This record figure can primarily be attributed to improved performance in September (+5.17%, as measured by the Preqin All-Strategies Hedge Fund Benchmark) compared to the YTD return of +5.01%. In this factsheet, we present hedge fund asset flow data for Q3 2020, including breakdowns by strategy, region, past performance, and fund size.

The Vice Chairman of First Citizens BancShares (NASDAQ: FCNCA) is Buying Shares (Analyst Ratings)
On November 24, the Vice Chairman of First Citizens BancShares (FCNCA), Hope Holding Connell, bought shares of FCNCA for $2.48M. Following Hope Holding Connell’s last FCNCA Buy transaction on December 03, 2018, the stock climbed by 136.4%. This is Connell’s first Buy trade following 28 Sell transactions.

Microstrategy Inc (MSTR) SEVP & CTO Timothy Edwin Lang Sold $4.6 million of Shares (Guru Focus)
SEVP & CTO of Microstrategy Inc, Timothy Edwin Lang, sold 20,000 shares of MSTR on 11/24/2020 at an average price of $228.48 a share. The total sale was $4.6 million. MicroStrategy Inc is a provider of enterprise-ready analytics, mobile, and security software platforms. The Company provides system-of-record reporting and interactive visualization capabilities offered on any device or in the cloud.