A Long-Time Brevan Howard Partner and Senior PM is Leaving the Firm. He’s Planning to Join Tudor Investment, Sources Say. (Business Insider)
Long-time Brevan Howard Asset Management partner Klaus Oestergaard has left the fund, and he’s planning to join rival Tudor Investment Corporation, according to people familiar with the matter. Oestergaard had been a highly regarded credit portfolio manager at Brevan Howard’s London office for the better part of the last 17 years.
Citadel, Blackstone Allow Remote Work Again as Omicron Rages (Bloomberg)
Citadel, Blackstone Inc. and Millennium Management are among asset managers telling staff this week that they may once again work remotely, at least for the next several weeks, in response to the latest spike of Covid cases. Ken Griffin’s Citadel, among the earliest hedge funds to require staff to return to the office during the pandemic, isn’t mandating that they stay away, a spokesman for the Chicago-based firm said Thursday in an email. The guidance also applies to Griffin’s market-making operation, Citadel Securities.
Friday 12/17 Insider Buying Report: MP, TPIC (Nasdaq.com)
On Wednesday, MP Materials’ Director, Randall J. Weisenburger, made a $3.48M buy of MP, purchasing 86,901 shares at a cost of $40.10 each. Weisenburger was up about 6.5% on the purchase at the high point of today’s trading session, with MP trading as high as $42.72 in trading on Friday. MP Materials is trading up about 1.2% on the day Friday. This buy marks the first one filed by Weisenburger in the past year. And at TPI Composites, there was insider buying on Wednesday, by Daniel G. Weiss who purchased 100,000 shares at a cost of $14.57 each, for a trade totaling $1.46M. TPI Composites is trading off about 1.1% on the day Friday. So far Weiss is in the green, up about 9.3% on their purchase based on today’s trading high of $15.93.
A Director at Builders Firstsource (NYSE: BLDR) is Selling Shares (Analyst Ratings)
On December 15, a Director at Builders Firstsource (BLDR), Floyd Sherman, sold shares of BLDR for $3M. Following Floyd Sherman’s last BLDR Sell transaction on June 11, 2020, the stock climbed by 57.6%. Based on Builders Firstsource’s latest earnings report for the quarter ending September 30, the company posted quarterly revenue of $5.51 billion and quarterly net profit of $613 million.
Humacyte Inc (HUMA) President, CEO and Director Laura E Niklason Sold $2.7 million of Shares (Guru Focus)
President, CEO and Director of Humacyte Inc, Laura E Niklason, sold 300,000 shares of HUMA on 12/16/2021 at an average price of $9.1 a share. The total sale was $2.7 million.
Here’s How Your Trade Saba Capital Income & Opportunities Fund (BRW) Aggressively Right Now (NewsHeater.com)
Insider Trading: Reports are indicating that there were more than several insider trading activities at BRW starting from Saba Capital Management, L.P., who sale 34,720 shares at the price of $4.54 back on Dec 01. After this action, Saba Capital Management, L.P. now owns 10,327,333 shares of Saba Capital Income & Opportunities Fund, valued at $157,629 using the latest closing price.
