Millennium Global Launches Systematic Long/Short Currency Hedge Fund (Hedge Week)
Currency-focused investment manager Millennium Global Investments has launched a new systematic long/short currency hedge fund strategy to tap into burgeoning demand for non-correlated returns in what it calls a “favourable” investment environment. The Millennium Systematic Currency Alpha Strategy takes long and short positions in nine developed market currencies versus the US dollar, using a proprietary systematic investment model.
Crypto Prime Brokerage SFOX Rolls Out New Hedge Fund Product (The Street)
Crypto prime brokerage SFOX has rolled out a new product designed specifically for hedge funds that trade cryptocurrencies. The idea is to enable hedge fund clients of SFOX to start trading in just one day, cutting down on cumbersome set up times that are often required when setting up trading infrastructure between different crypto exchanges and trade OTCoperators, said SFOX co-founder and CEO Akbar Thobhani.
Crypto Crash: Here’s Why Billionaire John Paulson’s ‘Worthless’ Call Might Be Right (Toronto Sun)
It feels as though cryptocurrency has been deemed a worthless fad since Bitcoin first emerged from the guts of an anonymous engineer’s computer rig back in 2009. While some of that criticism has come from the general public, who may not have a clear grasp on what cryptocurrencies are, how they work or why they possess any value, some very clued-in financial minds have also questioned crypto’s rising prominence. One such critic is billionaire investor John Paulson, who, in recent comments, called digital currencies a bubble that will “eventually prove to be worthless.”
Notable Quantumscape Insider Trades $11.50 Million In Company Stock (Benzinga)
Justin Mirro, Director at Quantumscape (NYSE:QS), made a large buy and sell of company shares on September 10, according to a new SEC filing. What Happened: A Form 4 filing from the U.S. Securities and Exchange Commission reports that on September 10, Justin Mirro bought 500,000 Quantumscape shares at a price of $11.50 per share, for a total of $5,750,000. They then sold their shares on the same day in the open market at a price of $21.80 to raise a total of $5,750,012 from the sale.
Wednesday 9/15 Insider Buying Report: BTRS, AMG (Nasdaq.com)
On Monday, BTRS Holdings’ Chief Information Officer, Joe Eng, made a $506,225 purchase of BTRS, buying 47,938 shares at a cost of $10.56 each. Eng was up about 4.1% on the purchase at the high point of today’s trading session, with BTRS trading as high as $10.99 in trading on Wednesday. BTRS Holdings Inc is trading up about 8.7% on the day Wednesday. This buy marks the first one filed by Eng in the past year. And on Tuesday, CEO Jay C. Horgen purchased $316,020 worth of Affiliated Managers Group, purchasing 2,000 shares at a cost of $158.01 a piece. Before this latest buy, Horgen made one other buy in the past twelve months, purchasing $544,920 shares for a cost of $136.23 a piece. Affiliated Managers Group is trading up about 0.8% on the day Wednesday.
A Director at Acadia Realty (NYSE: AKR) is Selling Shares (Analyst Ratings)
Today, a Director at Acadia Realty (AKR), Lorrence Kellar, sold shares of AKR for $51.8K. Based on Acadia Realty’s latest earnings report for the quarter ending June 30, the company posted quarterly revenue of $74.66 million and quarterly net profit of $3.92 million. In comparison, last year the company earned revenue of $63.77 million and had a net profit of $19.41 million. The company has a one-year high of $22.97 and a one-year low of $9.10. Currently, Acadia Realty has an average volume of 315.88K.
