Citadel Securities Denies Involvement in ‘Meme Stock’ Trading Restrictions (Reuters)
Sept 28 (Reuters) – Citadel Securities did not ask Robinhood or any other firm to restrict or limit trading on GameStop and other so-called “meme stocks” at the height of the retail-driven trading frenzy in January, the market-maker said on Tuesday.
What Investing in Steve Mnuchin’s $2.5bn Fund Meant for the SoftBank Share Price (CMC Markets)
Liberty Strategic Capital was launched earlier this year by Mnuchin, who managed all things fiscal during the Donald Trump Administration. A former Goldman Sachs senior executive and the founder of hedge fund Dune Capital Management, Mnuchin has investment pedigree. Under his oversight, Liberty Strategic Capital will focus on the technology, fintech, cybersecurity and financial services sectors. Some of these themes overlap. And clearly, investors have given it their backing, with SoftBank’s share price jumping on the news. As a potentially undervalued stock, SoftBank’s share price could finally be on its way up.
Ancient Macro Hedge Fund Tripled Pay in Two Years (eFinancialCareers)
Macro hedge fund Caxton has been around a long time. Founded in 1983 by U.S. investor Bruce Kovner, it’s one of the granddaddies of the hedge fund world. But for all Caxton’s long history, 2020 will stand out as something special. The fund just published results for its UK entities – Caxton Europe LLP (the partnership) and Caxton Europe Asset Management Ltd. Both confirm that 2020 was a standout year.
Hedge Funds Return 0.78% in August as Dovish Fed Boosted Market Sentiment (LondonLovesBusiness.com)
Hedge fund managers ended the month of August up 0.78% on an equal-weighted basis, and up 0.25% on an asset-weighted basis. Global markets were buoyed by a rise in investor risk appetite due to the continuation of highly accommodative monetary policies and the dovish comments made by Federal Reserve chairman Jerome Powell during the Jackson Hole symposium.
Wednesday 9/29 Insider Buying Report: ASPU, TOST (Nasdaq.com)
At Aspen Group, a filing with the SEC revealed that on Monday, Director Douglas Kass bought 15,750 shares of ASPU, at a cost of $5.26 each, for a total investment of $82,805. So far Kass is in the green, up about 6.3% on their purchase based on today’s trading high of $5.59. Aspen Group is trading off about 4.3% on the day Wednesday. And at Toast, there was insider buying on Friday, by Director Deval L. Patrick who purchased 1,667 shares for a cost of $40.00 each, for a trade totaling $66,680. Toast is trading up about 1.1% on the day Wednesday. Patrick was up about 32.1% on the purchase at the high point of today’s trading session, with TOST trading as high as $52.86 at last check today.
Notable Stamps.Com Insider Trades $8.76 Million In Company Stock (Benzinga)
Roland John Clem, Chief Product And Strategy Offic at Stamps.Com (NASDAQ:STMP), made a large buy and sell of company shares on September 28, according to a new SEC filing. What Happened: A Form 4 filing from the U.S. Securities and Exchange Commission states that Roland John Clem exercised options to purchase 23,623 Stamps.Com shares at prices ranging from $35.04 to $112.00 per share for a total of $977,591 on September 28. They then sold their shares on multiple transactions in the open market. They sold at prices ranging from $329.44 to $329.49 to raise a total of $7,783,120 from the stock sale.
A Director at Darden (NYSE: DRI) is Selling Shares (Analyst Ratings)
Today, a Director at Darden (DRI), William S. Simon, sold shares of DRI for $999.6K. Following William S. Simon’s last DRI Sell transaction on February 01, 2019, the stock climbed by 55.8%. In addition to William S. Simon, 2 other DRI executives reported Sell trades in the last month. Based on Darden’s latest earnings report for the quarter ending August 31, the company posted quarterly revenue of $2.31 billion and quarterly net profit of $231 million.
