Hedge Fund and Insider Trading News: Ray Dalio, Fir Tree Partners, Bow Street LLC, Elliott Management, PayPal Holdings Inc (PYPL), Qualcomm Inc (QCOM), and More

Over 50 Hedge Funds in Dubai Discussions (Hedge Week)
Over 50 hedge funds are currently in discussion with Dubai’s financial centre over establishing a presence in the Middle East business hub after a number of the sector’s big beasts, including Millennium Management and Exodus Point Capital, opened operations in the Dubai International Finance Centre (DIFC), according to a report by Bloomberg. The report cites DIFC chief business development office Salmaan Jaffery as revealing that the funds actively seeking a DIFC license, jointly manage over $1 trillion in assets.

Candidates for the Rookie of the Year 2022 (Hedge Nordic)
Stockholm (HedgeNordic) – One of the first distinctions up for grabs in the early stage of a Nordic hedge fund’s lifecycle is the “Best New Nordic Hedge Fund Launch,” or, “Rookie of the Year.” At the Nordic Hedge Award, a jury board of fellow Nordic hedge fund managers will choose the most promising hedge fund launch of 2022 from a pool of 11 qualified funds.

Tuesday 2/21 Insider Buying Report: PYPL, WTFC (Nasdaq.com)
On Friday, PayPal Holdings (PYPL)’s CEO, Daniel H. Schulman, made a $1.99M buy of PYPL, purchasing 26,065 shares at a cost of $76.17 a piece. Investors are able to snag PYPL at a price even lower than Schulman did, with shares changing hands as low as $73.68 in trading on Tuesday which is 3.3% under Schulman’s purchase price. PayPal Holdings is trading up about 0.1% on the day Tuesday. This buy marks the first one filed by Schulman in the past year. And on Thursday, Director Brian A. Kenney bought $608,718 worth of Wintrust Financial Corp (WTFC), buying 6,600 shares at a cost of $92.23 a piece. Wintrust Financial Corp is trading off about 1.4% on the day Tuesday.

Amazon, Qualcomm And 2 Other Stocks Insiders Are Selling (Benzinga)
Qualcomm: The Trade: Qualcomm Inc (QCOM) Chief Technology Officer James H Thompson sold a total of 9,999 shares at an average price of $131.80. The insider received around $1.32 million from selling those shares. Amazon: The Trade: Amazon.com, Inc. (AMZN) CEO Worldwide Amazon Stores Douglas J Herrington sold a total of 15,787 shares at an average price of $99.18. The insider received around $1.57 million from selling those shares.

Ex-GOP Congressman Loses Bid to Exclude Trump Ties From NYC Trial (Bloomberg)
Former Indiana Congressman Steve Buyer can get a fair trial on insider-trading charges in New York City even if the jury is told he was a member of Donald Trump’s transition team, a judge ruled, rejecting the Republican’s request from banning prosecutors from introducing the evidence as a “red herring.”