A Tiny Hedge Fund Just Made History by Turning Into an ETF (Bloomberg)
While the asset management industry has been watching and waiting for a mutual fund to become an ETF for the first time, it turns out history was being made with a conversion of another kind. A tiny U.S. hedge fund has just become the first to convert into an exchange-traded fund.
So Maybe Steve Cohen Isn’t Quite As Fun And Gentle As He Suggests On Twitter (Deal Breaker)
New York Mets fans have high hopes that Steve Cohen will change everything about the way their team was mismanaged by his predecessors as owner. Most especially, they’re hopeful that he’ll invest some of the $1.4 billion he made last year in on-field talent. But they’d presumably hope he doesn’t embarrass them in other ways, like, say, by discriminating against female employees, as the Wilpons were allegedly wont to do.
D.E. Shaw’s Largest Hedge Fund Gains Nearly 20 pct in 2020 (Reuters)
BOSTON (Reuters) – D.E. Shaw’s largest hedge fund gained 19.4% after fees last year, almost doubling its returns from the previous year during a period of wild and unexpected business conditions. Gains were fueled mainly by systematic and discretionary strategies, said a person familiar with the returns but not authorized to discuss them publicly. The broader stock market index S&P 500 gained 16% last year.
These Are The Trends Experts Are Seeing In Hedge Funds Right Now (Forbes)
The COVID-19 pandemic has changed the way hedge funds do business, from raising money to investing and more. Some trends are here to stay, while others will change as the pandemic continues and eventually comes to an end. Active management is back: Craig Bergstrom, chief investment officer at Corbin Capital Partners, said in an email that active management had returned in 2020, exceptionally fundamental stock selection. He said results across the industry are mixed, but dispersion has meant that careful portfolio construction has been precious.
1life Healthcare Inc (ONEM) Chair, CEO and President Amir Dan Rubin Sold $14.5 million of Shares (Guru Focus)
Chair, CEO and President of 1life Healthcare Inc, Amir Dan Rubin, sold 337,444 shares of ONEM on 01/06/2021 at an average price of $43.03 a share. The total sale was $14.5 million. 1Life Healthcare Inc has a market cap of $5.63 billion; its shares were traded at around $42.290000 with and P/S ratio of 14.25. GuruFocus has detected 1 severe warning sign with 1Life Healthcare Inc.
The Sr Exec VP of HEICO (NYSE: HEI) is Selling Shares (Analyst Ratings)
Yesterday, the Sr Exec VP of HEICO (HEI), Thomas S. Irwin, sold shares of HEI for $1.15M. Following Thomas S. Irwin’s last HEI Sell transaction on January 11, 2019, the stock climbed by 55.8%. The company has a one-year high of $137.97 and a one-year low of $52.01. The Company has a Price to Book ratio of 980.36. Currently, HEICO has an average volume of 537.21K.
