Housing Operator Fights Students, Investors and Now a Wall St. Colossus (The New York Times)
A student-housing operator that tenants and investors say has badly mismanaged high-end properties across the country has added a Wall Street colossus to the list of legal opponents. Fortress Investment Group, an investment firm managing money for institutional and private clients, has mounted an attempt to seize control of a high-rise student apartment building in Denver from Patrick Nelson and his company, Nelson Partners Student Housing.
Obscure Chinese Hedge Funds’ High-Yield Bond Strategies Pay Off Amid Turbulence in Property Sector (South China Morning Post)
As default risks surrounding troubled issuers like China Evergrande Group rocked the nation’s bond markets last year and left global investors nursing losses, a handful of little-known hedge funds swooped in. Shenzhen Qianhai Guoen Capital Management, Fuhui Juli Wealth Management and Shenzhen Qianhai Jiuying Asset Management, which between them manage more than 20 billion yuan (US$3.2 billion), pocketed gains of 319 per cent, 104 per cent and 96 per cent, respectively, under their high-yield strategies, after scooping up distressed debts issued by property firms and local government financing vehicles.
Gold, Hedge Fund Expert On Breakout, Russia And Ukraine – Thomas Thornton (Gold-Eagle)
Thomas Thornton, founder of Hedge Fund Telemetry, joins us to talk about how many hedge funds are looking at the current market, including his take on silver, gold, Russia, Ukraine, the Fed, Inflation and many other topics.
Insider Trading: February 21, 2022 (BIV.com)
Insider Lyle Braaten, director. Company: Ero Copper Corp. (TSX:ERO). Shares owned: 291,666. Trade date: February 3, 4. Trade total: $246,600. Trade: Sale of 15,000 shares at prices from $16.22 to $16.55 per share. Insider Raymond Ashley, officer. Company: Fission Uranium Corp. (TSX:FCU). Shares owned: 467,647. Trade date: February 4, 8. Trade total: $115,500. Trade: Sale of 150,000 shares at prices from $0.76 to $0.79 per share.
Friday 2/18 Insider Buying Report: GLT, PENN (Nasdaq.com)
At Glatfelter, a filing with the SEC revealed that on Thursday, CEO Dante C. Parrini bought 10,000 shares of GLT, at a cost of $13.49 each, for a total investment of $134,870. Glatfelter Corp is trading up about 2.8% on the day Friday. This purchase marks the first one filed by Parrini in the past twelve months. And at Penn National Gaming, there was insider buying on Thursday, by Jane Scaccetti who purchased 1,975 shares for a cost of $49.70 each, for a total investment of $98,167. This purchase marks the first one filed by Scaccetti in the past year. Penn National Gaming is trading off about 4.1% on the day Friday. Bargain hunters can buy PENN even cheaper than Scaccetti did, with the stock trading as low as $46.92 at last check today — that’s 5.6% under Scaccetti’s purchase price.
Delta Air Lines And 4 Other Stocks Sold By Insiders (Benzinga)
Alphabet: The Trade: Alphabet Inc. (GOOG) CEO Sundar Pichai disposed a total of 3,000 shares at an average price of $2,720.83. The insider received around $8.16 million as a result of the transaction. Snap: The Trade: Snap Inc. (SNAP) Chief Financial Officer Derek Andersen sold a total of 26,111 shares at an average price of $39.98. The insider received around $1.04 million from selling those shares. Amazon.com: The Trade: Amazon.com, Inc. (AMZN) CEO Amazon Web Services Adam Selipsky sold a total of 679 shares at an average price of $3,150.92. The insider received $2.14 million as a result of the transaction.
