Opalesque Roundup: New Hedge Fund Launches Reach 185 in 1Q22, Up from 113 in 4Q21: Hedge Fund News, Week 05 (Opalesque)
In the week ending February 4th 2022, according to the latest HFR Market Microstructure Report, released by HFR, new hedge fund launches increased to 185 in 1Q22, jumping from 113 in 4Q21, representing the highest launch rate since 189 new funds launched in 1Q of last year, and the second-highest quarter since 190 funds launched in 4Q17. In the trailing 12 months ending 1Q22, an estimated 610 total new hedge funds have launched. New Macro hedge fund launches reached 45 in 1Q, topping both Event-Driven and Relative Value Arbitrage, and trailing only Equity Hedge funds, which saw an estimated 78 new funds launch.
OXY Keeps Rising as Buffett Loosens Purse Strings (Tip Ranks)
Story Highlights: Berkshire continues to make major insider moves at OXY and the Street can’t help but stay glued to the action. Oil and gas stocks have been on a tear throughout this year, riding the wave of rising fuel prices. If oil sanctions in Europe continue, then these stocks may rise even further. Occidental Petroleum (OXY) has been a clear beneficiary of these developments, and the company has been making the right moves to maximize shareholder value with its cash flow generation capacity. This, in turn, has caught the attention of the oracle of Omaha, Warren Buffett.
Warren Buffett Has Advice for the Barbarians at Japan’s Gate (Bloomberg)
If the barbarians are at the gates, Japan is letting them in. The country is becoming increasingly comfortable with foreign private equity funds and activist investors, a development that gives staid boardrooms the chance to enact the unparalleled wisdom of Western management. In reality though, the expertise could just as easily flow the other way.
Electronic Arts And 2 Other Stocks Insiders Are Selling (Benzinga)
Zoom Video Communications: The Trade: Zoom Video Communications, Inc. (ZM) Chief Operating Officer Aparna Bawa sold a total of 2,404 shares at an average price of $116.06. The insider received around $279 thousand from selling those shares. Electronic Arts: The Trade: Electronic Arts Inc. (EA) CEO and Board Chairman Andrew Wilson sold a total of 8,182 shares at an average price of $123.05. The insider received around $1.01 million as a result of the transaction.
China’s Securities Watchdog Probes Ganfeng Lithium for Insider Trading (Yicai Global)
(Yicai Global) July 4 — Ganfeng Lithium announced that China’s securities regulator is investigating the supplier of key raw materials for electric vehicle batteries for insider trading, the practice of trading shares to one’s own advantage by having access to confidential information. Ganfeng Lithium is involved in insider trading on the secondary market of the stock of a listed Chinese company, the Xinyu, Jiangxi province-based firm said late yesterday, citing a notice of case-filing it received from the China Securities and Regulatory Commission on July 1.
