Atlant’s Pure Fixed-Income Fund (Hedge Nordic)
Stockholm (HedgeNordic) – Hedge fund house Atlant Fonder has expanded its fund range with the launch of a Nordic-focused high-yield bond fund. Launched on March 22, Atlant Högräntefond is the first pure fixed-income vehicle under Atlant Fonder’s umbrella, which now houses eight different funds. “On March 22, we started our first fixed-income fund, Atlant Högräntefond,” the team at Atlant Fonder writes in an announcement. “It is important for us not to have to sell bonds in a bad market environment like the market chaos in March of 2020,” says portfolio manager Taner Pikdöken. “Instead, we always want to be able to be buyers in such a market. Being able to act in such a way leads to a significant excess return over time,” he adds.
South Korea’s LG Faces Challenge from US Hedge Fund (Nikkei Asia)
SEOUL — LG, South Korea’s fourth-largest conglomerate, is headed for a showdown with a U.S. hedge fund at its annual general meeting on Friday, in the latest challenge to the country’s powerful family-run business groups by an activist investor. Whitebox Advisors is urging shareholders to vote against a plan by LG’s founding Koo family to spin off five affiliates through a new holding company that would likely be controlled by the chairman’s uncle.
Thursday 3/25 Insider Buying Report: CRTX (Nasdaq)
On Wednesday, Cortexyme’s Director, David Lamond, made a $1.69M purchase of CRTX, buying 50,000 shares at a cost of $33.77 each. Lamond was up about 4.2% on the purchase at the high point of today’s trading session, with CRTX trading as high as $35.18 in trading on Thursday. Cortexyme is trading up about 3.7% on the day Thursday. Before this latest buy, Lamond bought CRTX on 3 other occasions during the past twelve months, for a total cost of $6.36M at an average of $44.26 per share.
Skillz Inc (SKLZ) CEO Andrew Paradise Sold $196.1 million of Shares (Guru Focus)
CEO of Skillz Inc, Andrew Paradise, sold 8,402,866 shares of SKLZ on 03/23/2021 at an average price of $23.34 a share. The total sale was $196.1 million. Skillz Inc has a market cap of $7.39 billion; its shares were traded at around $19.990000 with and P/S ratio of 86.90.
The President of United Natural Foods (NYSE: UNFI) is Selling Shares (Analyst Ratings)
Yesterday, the President of United Natural Foods (UNFI), Christopher P. Testa, sold shares of UNFI for $792K. In addition to Christopher P. Testa, 2 other UNFI executives reported Sell trades in the last month. Based on United Natural Foods’ latest earnings report for the quarter ending January 31, the company posted quarterly revenue of $6.89 billion and quarterly net profit of $58.96 million.
