Hedge Funds Amass $3.3T Cash Hoard to Start Roaring ’20s (Fox Business)
Hedge funds are beginning the new decade with more than $3.3 trillion in their coffers – a record high, thanks to the strongest performance in 10 years, according to new data. “The hedge fund industry concluded a historic decade of growth, which began in the aftermath of the financial crisis and saw total capital double in size,” Kenneth J. Heinz, president of industry-tracking firm Hedge Fund Research, said in a statement on Tuesday.
Appeal Court’s Rush On Insider Trading Decision Will Hurt Wall Street (Forbes)
There is no clear law defining insider trading and the US Congress has done little to try to clear things up. Meanwhile, defendants are hauled into courtrooms where judges, prosecutors and defense attorneys fight it out to clarify the law. One case in New York took a new look at insider trading and the appellate judges appear to have hurried their decision. The repercussions of this ruling could give prosecutors even more power to bring insider trading cases … and that would be a shame. Prosecutors alleged that defendants David Blaszczak (a political intelligence consultant for hedge funds) got material non-public information from Christopher Worrall, who worked for the federal agency Centers for Medicare & Medicaid Services (ʺCMSʺ).
The President & CEO of Cantel Medical (NYSE: CMD) is Buying Shares (Analyst Ratings)
Today, the President & CEO of Cantel Medical (CMD), George Fotiades, bought shares of CMD for $305.8K. This recent transaction increases George Fotiades’ holding in the company by 4.4% to a total of $7.41 million. Based on Cantel Medical’s latest earnings report for the quarter ending October 31, the company posted quarterly revenue of $257 million and quarterly net profit of $5.77 million.
The VP & CFO of Olin (NYSE: OLN) is Buying Shares (Analyst Ratings)
Today, the VP & CFO of Olin (OLN), Todd A. Slater, bought shares of OLN for $254.8K. Following this transaction Todd A. Slater’s holding in the company was increased by 17.31% to a total of $1.71 million.
Insider Buying And Operational Improvements Make Destination XL A Strong Buy (Seeking Alpha)
Destination XL (DXLG) is a Boston-based specialty retailer focused on men’s big & tall clothing. The company operates 332 retail stores across the United States as of Feb. 2, 2019 (page 24 of 10-K) and also sells clothing direct-to-consumer via its website (DXL.com). The company’s store count has declined gradually in recent years as management has eliminated the stores with the lowest sales and weakest profitability in an effort to streamline operations.
