Governance Revolution in Japan Like the UK in the 80s and 90s, Says Man GLG’s Atherton (Hedge Week)
The ESG-driven corporate governance revolution in Japan is creating investment opportunities similar to those in the UK in the 1980s and 1990s, according to Jeff Atherton, manager of the Man GLG Japan CoreAlpha Fund. Atherton, who took over as lead manager of the GBP1.2 billion fund in January 2021, says Japan has historically been viewed by investors as a cyclical market where returns are driven largely by interest rates and the global economy. However, he says a sea change in corporate governance has begun to present opportunities never seen before by foreign equity investors.
CNBC Pro Talks: Hedge Fund Manager David Neuhauser Discusses Shorting Big Tech, Inflation and More (CNBC)
Join CNBC’s Karen Tso this Wednesday as she speaks to David Neuhauser, founder and CIO of Livermore Partners, to discuss his top investments for 2022. Neuhauser — who last year shorted the ARK Innovation ETF, Tesla and Facebook — will discuss his outlook for the U.S. tech giants and more. After previously warning of historic market bubbles in some assets, the hedge fund manager will also share his views on the economic outlook, inflation and risks ahead.
Tuesday 1/11 Insider Buying Report: DOCU, WOOF (Nasdaq.com)
On Monday, DocuSign’s CEO, Daniel D. Springer, made a $2.41M buy of DOCU, purchasing 18,700 shares at a cost of $128.89 each. So far Springer is in the green, up about 11.1% on their purchase based on today’s trading high of $143.22. DocuSign is trading up about 4.3% on the day Tuesday. Before this latest buy, Springer bought DOCU on 2 other occasions during the past year, for a total cost of $5M at an average of $143.86 per share. And at Petco Health & Wellness, there was insider buying on Monday, by CEO & Chairman Ron Coughlin who bought 23,290 shares at a cost of $17.21 each, for a trade totaling $400,821. Before this latest buy, Coughlin purchased WOOF at 2 other times during the past year, for a total investment of $1.03M at an average of $21.63 per share. Petco Health & Wellness is trading up about 3.7% on the day Tuesday. So far Coughlin is in the green, up about 8.9% on their buy based on today’s trading high of $18.75.
Insider Trading: January 10, 2022 (BIV.com)
Insider: Stephen Hurst, director. Company: Mind Medicine Inc. (TSX:MMED). Shares owned: 1,540,392. Trade date: December 29, 30, 31. Trade total: US$1,540,392. Trade: Sale of 1,094,998 shares at prices from US$1.38 to US$1.47 per share. Insider: Allyn Knoche, 10% owner. Company: FPX Nickel Corp. (TSX:FPX). Shares owned: 34,858,872. Trade date: December 29. Trade total: $890,000. Trade: Acquisition of 2,000,000 shares at a price of $0.39 to $0.50 per share.
SEC Proposes Amendments To Rule 10b5-1 Insider Trading Plans (LinkedIn)
As expected from the Spring 2021 Regulatory Agenda, on December 15, 2021, the SEC proposed amendments to Rule 10b5-1 under the Securities Exchange Act of 1934 (“Exchange Act”) to enhance disclosure requirements and investor protections against insider trading. Although there is a statutory framework, the laws surrounding insider trading are largely based on judicial precedence and are difficult to navigate. I last wrote about insider trading in 2014 but there have been many curves in the road since that time.
The CFO of IDT (NYSE: IDT) is Buying Shares (Analyst Ratings)
Yesterday, the CFO of IDT (IDT), Marcelo Fischer, bought shares of IDT for $746.3K. This recent transaction increases Marcelo Fischer’s holding in the company by 52.15% to a total of $1.75 million. In addition to Marcelo Fischer, 6 other IDT executives reported Buy trades in the last month. Based on IDT’s latest earnings report for the quarter ending October 31, the company posted quarterly revenue of $370 million and GAAP net loss of -$2,478,000.
