Och-Ziff Saw Hedge Fund Clients Pull $1.1 Billion in Quarter (Bloomberg)
In the third quarter, like every quarter since the end of 2014, Och-Ziff Capital Management Group LLC saw clients pull money from its hedge funds. With this quarter’s outflow of $1.1 billion, total withdrawals from its multi-strategy funds since then have reached almost $25 billion.
Tech Swoon Stings Hedge Funds (The Wall Street Journal)
Hedge funds that rode the technology wave up are getting bruised on the way down. Tiger Global Management posted an 11% loss in its tech-focused hedge fund last month, according to people familiar with the firm. The fund is up roughly 10% for the year through October, beating the S&P 500 and the industry on average.
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Hedge Fund Three Bays to Close After Poor Performance (Bloomberg)
Hedge fund Three Bays Capital plans to shutter after years of weak performance, according to people with knowledge of the matter. The company, which was started in 2013 by former Highfields Capital Management money manager Matthew Sidman, will return capital to investors on Dec. 1, said one of the people, who asked not to be identified because the matter is private. Three Bays, which at its peak managed about $1.6 billion, has already liquidated the majority of its holdings, said the person.
Insider Buying: Apollo Global Management LLC (NYSE:APO) Major Shareholder Purchases 815,000 Shares of Stock (FairFieldCurrent.com)
Apollo Global Management LLC (NYSE:APO) major shareholder Tiger Global Management LLC purchased 815,000 shares of the firm’s stock in a transaction that occurred on Tuesday, October 23rd. The stock was acquired at an average price of $29.26 per share, for a total transaction of $23,846,900.00. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Large shareholders that own more than 10% of a company’s shares are required to disclose their sales and purchases with the SEC.
Insider Buying: Clean Coal Technologies Inc (CCTC) Major Shareholder Buys 1,765,063 Shares of Stock (FairFieldCurrent.com)
Clean Coal Technologies Inc (OTCMKTS:CCTC) major shareholder Tacho M. Sandoval bought 1,765,063 shares of Clean Coal Technologies stock in a transaction dated Wednesday, October 10th. The shares were acquired at an average price of $0.30 per share, with a total value of $529,518.90. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Major shareholders that own 10% or more of a company’s shares are required to disclose their sales and purchases with the SEC.
Insider Buying: Innodata Inc (INOD) Major Shareholder Purchases 248,926 Shares of Stock (WeekHerald.com)
Innodata Inc (NASDAQ:INOD) major shareholder Nauman Sabeeh Toor acquired 248,926 shares of Innodata stock in a transaction on Thursday, November 1st. The shares were bought at an average cost of $1.41 per share, with a total value of $350,985.66. Following the completion of the transaction, the insider now owns 450,000 shares of the company’s stock, valued at $634,500. The purchase was disclosed in a document filed with the SEC.
Insider Selling: Ditech Holding Corp (DHCP) Major Shareholder Sells $356,633.40 in Stock (MaconDaily.com)
Ditech Holding Corp (NYSE:DHCP) major shareholder Fpa Funds Trust sold 165,876 shares of the company’s stock in a transaction on Friday, October 26th. The stock was sold at an average price of $2.15, for a total transaction of $356,633.40. The sale was disclosed in a filing with the Securities & Exchange Commission.
Insider Selling: Destination XL Group Inc (DXLG) Major Shareholder Sells $269,000.00 in Stock (WeekHerald.com)
Destination XL Group Inc (NASDAQ:DXLG) major shareholder Prescott Group Capital Managem sold 100,000 shares of the stock in a transaction that occurred on Thursday, October 18th. The stock was sold at an average price of $2.69, for a total transaction of $269,000.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Major shareholders that own more than 10% of a company’s shares are required to disclose their sales and purchases with the SEC.
Insider Buying: PacWest Bancorp (PACW) CEO Buys $816,284.25 in Stock (MaconDaily.com)
PacWest Bancorp (NASDAQ:PACW) CEO Matthew P. Wagner acquired 20,925 shares of PacWest Bancorp stock in a transaction that occurred on Monday, October 29th. The stock was acquired at an average cost of $39.01 per share, for a total transaction of $816,284.25. Following the completion of the purchase, the chief executive officer now directly owns 530,552 shares of the company’s stock, valued at $20,696,833.52. The acquisition was disclosed in a filing with the SEC.
