Hedge Funds Boosted by a Recovery in Most Dislocated Market Segments (Opalesque.com)
Hedge fund strategies operating in the most dislocated market segments or displaying the greatest pricing anomalies have rebounded strongly, in particular, the Merger Arbitrage and L/S Credit strategies, said Lyxor in its weekly brief. Strategies with the longest market bias, including L/S Directional, Special Situations, and Global Macro, also did well. “Lyxor’s L/S Equity Neutral peer group was down -2.8% year-to-date, hurt by extreme trading conditions and the constituents’ average market beta of 20%,” it said. Investor optimism is rebuilding, boosted by the emerging impact from the massive monetary and fiscal announced stimulus, from article hopes concerning the Gilead drug. Prospects of a restart of the U.S. and European economies also helped.
A Controversial Hedge Fund Manager Plots a Major Strategy Shift (Institutional Investor)
Russell Clark’s Horseman Global has moved from a disinflationary to inflationary posture. Horseman Capital Management, the London-based hedge fund whose long-term bearish stance has led the firm to stunning gains and stinging losses over the years, has dramatically changed its strategy in light of the Covid-19 crisis. Horseman chief Russell Clark tells clients he is exiting his deflationary positions in favor of a…
Procter & Gamble Co (PG) CEO – Beauty R. Alexandra Keith Sold $883,200 of Shares (Guru Focus)
CEO – Beauty of Procter & Gamble Co., R. Alexandra Keith, sold 7,360 shares of PG on 04/21/2020 at an average price of $120 a share. The total sale was $883,200. Procter & Gamble Co is a consumer goods company. The firm markets its products internationally through various channels which include mass merchandisers, grocery stores, membership club stores, drug stores, and department stores.
The CFO of OneSpan (NASDAQ: OSPN) is Buying Shares (Analyst Ratings)
Today, the CFO of OneSpan (OSPN), Hoyt Mark Stephen, bought shares of OSPN for $454.2K. Following this transaction Hoyt Mark Stephen’s holding in the company was increased by 44.93% to a total of $1.17 million. In addition to Hoyt Mark Stephen, one other OSPN executive reported Buy trades in the last month.
Wednesday 4/22 Insider Buying Report: IMBI (Nasdaq.com)
At iMedia Brands, a filing with the SEC revealed that on Friday, Director Eyal Lalo bought 691,070 shares of IMBI, at a cost of $2.04 each, for a total investment of $1.41M. Investors are able to snag IMBI even cheaper than Lalo did, with the stock trading as low as $1.57 in trading on Wednesday which is 23.3% under Lalo’s purchase price. iMedia Brands is trading up about 13.6% on the day Wednesday.
