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Hedge Fund and Insider Trading News: Odey Asset Management, Louis Bacon, Tom Steyer, Harvard Bioscience, Inc. (HBIO), Trex Company Inc (TREX), and More

Odey Asset Management Long-short Fund Up 8 pct in Feb – Investor Report (Reuters)
LONDON, March 13 (Reuters) – Odey Asset Management’s main European long-short equity hedge fund made gains of 8 percent in February, according to an investor report seen by Reuters on Tuesday. Odey’s OEI Mac fund, which bets on company share prices rising and falling, is run by founding partner Crispin Odey, according to the firm’s website. Odey Asset Management could not immediately be reached for comment.

Louis Bacon’s Largest Stock Purchases In Q4: Apple Inc And Microsoft Corporation (Benzinga)
This asset manager outperformed the market in Q4 as revealed in its recent 13F filing with the SEC. I take a closer look at Moore Capital‘s trading activity which included purchases of Apple Inc. and Microsoft Corporation. The largest stock purchase was Apple. The investment manager increased its position in the company by $152.3 million. The second largest stock purchase was Microsoft with the investment manager increasing its position in the company by $130.4 million.

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Tom Steyer Group to Spend $2.5 million Mobilizing Young Wisconsin Voters, Targeting Republicans (The Cap Times)
Tom Steyer believes the millennials are our future. So he’s spending tens of millions of dollars to organize them, and let them lead the way. Steyer, a billionaire former hedge fund executive turned liberal political activist, has committed to spending $30 million in 10 states to register and energize progressive, millennial voters – $2.5 million of which will fund efforts in Wisconsin, home of Republican Gov. Scott Walker and Republican House Speaker Paul Ryan. “We are focused on registering, engaging and empowering the under-represented parts of society, which very much includes millennials,” Steyer said in an interview. “Traditionally, people have felt organizing millennials is too expensive, too time-consuming. We feel it is the essence of democracy to make sure the parts of society that aren’t participating enough participate.”

Hedge Funds Finally Got Some Volatility. It Didn’t Help (Bloomberg)
(Bloomberg Gadfly) — For years, the refrain of hedge funders, and their backers, has been that all they needed was a little bit of volatility. Everyone’s a genius in a bull market. It’s when markets turn down or tumultuous that pension funds and other clients are supposed to realize the wisdom of those high fees. That argument hasn’t played out so well this year. In February, the stock market encountered its first real big patch of volatility in years. The Cboe Volatility Index, better known as the VIX, soared as high as 40 after being around 10 for much of 2017. So hedge funds made out like bandits, right? Not so fast. The average hedge fund dropped 1.9 percent in February, according to HFR’s asset-weighted index. Some big hedge funds did much worse. The funds of David Einhorn and Bill Ackman, Greenlight Capital and Pershing Square Capital Management, respectively, were down 6.2 percent and 5.8 percent.

Insider Selling: Harvard Bioscience, Inc. (HBIO) CFO Sells 97,087 Shares of Stock (LedgerGazette.com)
Harvard Bioscience, Inc. (NASDAQ:HBIO) CFO Robert E. Gagnon sold 97,087 shares of the business’s stock in a transaction on Wednesday, March 7th. The stock was sold at an average price of $4.62, for a total transaction of $448,541.94. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

Trex Company Inc (TREX) Insider Sells $2,309,482.02 in Stock (TheLincolnianOnline.com)
Trex Company Inc (NYSE:TREX) insider James E. Cline sold 21,669 shares of the business’s stock in a transaction dated Friday, February 23rd. The stock was sold at an average price of $106.58, for a total value of $2,309,482.02. Following the completion of the transaction, the insider now owns 68,736 shares in the company, valued at approximately $7,325,882.88. The transaction was disclosed in a legal filing with the Securities & Exchange Commission.

Insider Selling: Pinnacle Financial Partners (PNFP) CFO Sells 11,835 Shares of Stock (LedgerGazette.com)
Pinnacle Financial Partners (NASDAQ:PNFP) CFO Harold R. Carpenter sold 11,835 shares of Pinnacle Financial Partners stock in a transaction dated Monday, March 12th. The shares were sold at an average price of $68.44, for a total value of $809,987.40. Following the completion of the sale, the chief financial officer now owns 99,021 shares of the company’s stock, valued at $6,776,997.24. The transaction was disclosed in a legal filing with the Securities & Exchange Commission.

Comfort Systems USA, Inc. (NYSE:FIX) Insider Brian E. Lane Sells 19,124 Shares (StockNewsTimes.com)
Comfort Systems USA, Inc. (NYSE:FIX) insider Brian E. Lane sold 19,124 shares of the stock in a transaction dated Friday, March 2nd. The stock was sold at an average price of $40.26, for a total transaction of $769,932.24. The sale was disclosed in a document filed with the SEC, which is available at the SEC website.

Insider Buying: Revolution Lighting Technologies Inc (NASDAQ:RVLT) CFO Buys 20,000 Shares of Stock (TheLincolnianOnline.com)
Revolution Lighting Technologies Inc (NASDAQ:RVLT) CFO James Depalma purchased 20,000 shares of the stock in a transaction that occurred on Thursday, March 1st. The stock was bought at an average cost of $3.36 per share, with a total value of $67,200.00. Following the completion of the transaction, the chief financial officer now directly owns 215,000 shares in the company, valued at approximately $722,400. The purchase was disclosed in a filing with the SEC, which can be accessed through the SEC website.

CoreSite Realty Corp (COR) Insider Buys $13,330.00 in Stock (DispatchTribunal.com)
CoreSite Realty Corp (NYSE:COR) insider Kenneth C. Mcnaughton acquired 43,000 shares of CoreSite Realty stock in a transaction on Wednesday, February 14th. The shares were purchased at an average price of $0.31 per share, with a total value of $13,330.00.