San Francisco Hedge Fund Manager Sells Waterfront Gulf Stream Estate for $33M (The Real Deal)
An entity tied to a San Francisco hedge fund manager sold a waterfront estate in Gulf Stream for $33 million. 3545 North Ocean Trust, managed by Palm Beach attorney Guy Rabideau, bought the 14,000-square-foot mansion at 3545 North Ocean Boulevard, according to records. The seller, Gulf Stream Ocean Properties FL, is managed by Gary Clinton Scheier.
2021 Rookie of the Year Candidates (Hedge Nordic)
Stockholm (HedgeNordic) – One of the categories celebrated at the Nordic Hedge Award is the most promising new launch among Nordic hedge funds. All qualified funds for the 2021 “Rookie of the Year” award were launched during the rolling 12-month period ending September of 2021.
Trailblazers and Allies: Celebrating Women in Hedge Funds (Preqin)
The alternative investment industry is home to many trailblazing women. At the Alternative Investment Management Association (AIMA), we wish to see more women and those from under-represented and under-served communities succeed in the industry. There is growing recognition that improving diversity, equity, and inclusion (DE&I) is the right thing to do. As well as an increasing regulatory focus on firms establishing healthy cultures and greater individual accountability, some investors are increasingly allocating to investment managers with teams led by women, and to funds focusing on improving gender diversity.
Hedge Funds Rush For Exit As ‘Volatility Of Everything’ Surges (FA-Mag.com)
As searing cross-asset turbulence threatens to end an epic bull run in equities, fast-money asset managers are reducing risk and getting out. “De-risking” is the buzzword du jour on Wall Street, where hedge funds and their ilk are cutting positions, selling stocks and covering shorts. So-called degrossing activity in U.S. single stocks has climbed to the highest in a year, according to prime-broker data from Goldman Sachs Group Inc.
Tuesday 3/8 Insider Buying Report: W, TRIP (Nasdaq.com)
On Thursday, Wayfair’s Director, Michael W. Choe, made a $1.22M purchase of W, buying 10,000 shares at a cost of $122.24 a piece. Choe was up about 7.4% on the purchase at the high point of today’s trading session, with W trading as high as $131.33 at last check today. Wayfair is trading up about 0.2% on the day Tuesday. Before this latest buy, Choe made one other purchase in the past twelve months, buying $2.59M shares for a cost of $258.98 a piece. And at Tripadvisor, there was insider buying on Friday, by Director Gregory B. Maffei who bought 50,000 shares at a cost of $22.38 each, for a total investment of $1.12M. This buy marks the first one filed by Maffei in the past year. Tripadvisor is trading up about 3.2% on the day Tuesday. Bargain hunters have the opportunity to bag TRIP at a price even lower than Maffei did, with the stock changing hands as low as $20.72 at last check today which is 7.4% under Maffei’s purchase price.
Insiders Sell More Than $400M Of 5 Stocks (Benzinga)
California Resources: The Trade: California Resources Corporation (CRC) 10% owner Ares Partners Holdco Llc disposed a total of around 93,800 shares at an average price of $42.79. The insider received around $4.01 million as a result of the transaction. Velodyne Lidar: The Trade: Velodyne Lidar, Inc. (VLDR) 10% owner David S Hall sold a total of 5,600,000 shares at an average price of $2.21. The insider received around $12.38 million from selling those shares.
