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Hedge Fund and Insider Trading News: Ray Dalio, Ken Griffin, Nut Tree Capital Management, Cullen/Frost Bankers, Inc. (CFR), Paypal Holdings Inc (PYPL), and More

Paul Singer’s NY Based Hedge Fund Considers Possible Stake in SoftBank (TheJewishVoice.com)
Insiders are saying that Paul Singer’s New York City hedge fund Elliott Management Corp. has collected a stake in SoftBank Group Corp. of close to $3 billion. Singer, so the rumors go, sees SoftBank as highly undervalued, and is envisioning engineering a buyback of shares to the tune of $20 billion. One way the company could do that would be by shaving investments in Alibaba Group Holding Inc. and Sprint Corp.

January’s Leaders Amid Dispersion (Hedge Nordic)
Stockholm (HedgeNordic) – After returning 6.4 percent on average last year, Nordic equity hedge funds gained 0.3 percent in January (92 percent reported). There was noticeable dispersion of returns across funds, as the top 20 percent returned 4.1 percent on average while the bottom 20 percent lost 3.9 percent. Global equity markets, as measured by the FTSE World Index, rose by 0.3 percent in Euro terms last month. Nordic equities, as expressed by the VINX All-Share Index, returned a negative 0.1 percent in Euro terms. The index includes all firms listed on Nasdaq OMX Nordic Exchanges and Oslo Börs. Eurozone equities were down 1.7 percent, whereas North American stocks gained 1.7 percent in Euro terms.

Whistle-Blowers Report Their Florida Hedge Fund To SEC And NBC (FA-Mag.com)
Employees of TCA Fund Management Group girded their whistle-blower report filing with the Securities and Exchange Commission by going to the media with accusations that the Florida-based firm has inflated both its earnings and assets for years. According to the whistle-blowers, the TCA Fund Management Group, which conducts its American operations out of its Aventura, Fla., headquarters, has $300 million in assets, not $500 million, and is earning 1.92% a year, not 7% to 8% as the company claimed in investor communications. The firm has inflated its main hedge fund’s assets and returns since 2017, according to three employees who filed the whistle-blower complaint with the SEC and also leaked the story to NBC News.

Insider Trading: February 10, 2020 (BIV.com)
Insider Ian Baskerville, Director. Company: Canwel Building Materials Group Ltd. (TSX:CWX). Shares owned: 29,800. Trade date: January 31. Trade total: $267,120. Trade: Acquisition of 50,400 shares at a price of $5.30 per share. Insider Margaret Reese Walker, Director. Company: Methanex Corp. (TSX:MX). Shares owned: 9,500. Trade date: January 31. Trade total: $259,920. Trade: Acquisition of 8,000 shares at a price of $32.49 per share.

Tuesday 2/11 Insider Buying Report: CFR, ADMA (Nasdaq.com)
As the saying goes, there are many possible reasons for an insider to sell a stock, but only one reason to buy — they expect to make money. So let’s look at two noteworthy recent insider buys. On Thursday, Cullen/Frost Bankers’ Director, Chris Avery, made a $858,115 purchase of CFR, buying 9,500 shares at a cost of $90.33 each. So far Avery is in the green, up about 3.8% on their purchase based on today’s trading high of $93.78. Cullen/Frost Bankers is trading up about 1% on the day Tuesday. And at ADMA Biologics, there was insider buying on Tuesday, by Director Jerrold B. Grossman who bought 45,714 shares at a cost of $3.50 each, for a trade totaling $159,999.

Paypal Holdings Inc (PYPL) President and CEO Daniel H Schulman Sold $3 million of Shares (Guru Focus)
President and CEO of Paypal Holdings Inc., Daniel H Schulman, sold 25,000 shares of PYPL on 02/07/2020 at an average price of $119.01 a share. The total sale was $3 million. PayPal Holdings Inc is a technology platform company that enables digital and mobile payments on behalf of consumers and merchants. The company’s payments platform includes PayPal, PayPal Credit, Venmo, Xoom and Braintree products.

A Director at Progress Software (NASDAQ: PRGS) is Selling Shares (Analyst Ratings)
Yesterday, a Director at Progress Software (PRGS), Charles Francis Kane, sold shares of PRGS for $336.8K. In addition to Charles Francis Kane, 2 other PRGS executives reported Sell trades in the last month. Based on Progress Software’s latest earnings report for the quarter ending November 30, the company posted quarterly revenue of $117 million and GAAP net loss of $4.74 million.

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