Hedge Fund VGI Partners Selects Hazeltree to Modernise Treasury Infrastructure (Hedge Week)
Australia-based hedge fund manager, VGI Partners Limited (VGI) has selected Hazeltree’s cash and treasury management solution. Hazeltree, a provider of integrated treasury management and portfolio finance solutions for investment managers, further enhances VGI’s treasury processes by reducing its operational costs, improving margins through optimisation of liquidity, reducing its operational risks and supporting its continued growth with improved scaling.
Hedge Funds Get It Wrong With Ill-Timed Dollar, Bond Bets (Bloomberg)
Hedge funds couldn’t have picked a worse time to be short the dollar while holding Treasury curve steepener positions. Leveraged funds boosted net dollar shorts by 21,347 contracts in the week ended June 15, the most since mid-January, according to data from the Commodity Futures Trading Commission. A day later, Federal Reserve officials projected a faster-than-expected pace of tightening, propelling the Bloomberg Dollar Spot Index to its biggest weekly gain in over a year.
Tuesday 6/22 Insider Buying Report: CNVY, TPTX (Nasdaq.com)
At Convey Holding Parent, a filing with the SEC revealed that on Friday, Managing Partner & EVP Kyle Stern purchased 38,760 shares of CNVY, for a cost of $13.12 each, for a total investment of $508,531. Bargain hunters can bag CNVY even cheaper than Stern did, with shares trading as low as $11.39 at last check today which is 13.2% under Stern’s purchase price. Convey Holding Parent is trading off about 1.1% on the day Tuesday. This purchase marks the first one filed by Stern in the past year. And on Monday, Director Mark J. Alles purchased $162,680 worth of Turning Point Therapeutics, purchasing 2,000 shares at a cost of $81.34 each. This buy marks the first one filed by Alles in the past year. Turning Point Therapeutics is trading off about 0.2% on the day Tuesday.
What Did This CEO Just Do with Personal Shares of Allegion (NYSE: ALLE)? (Analyst Ratings)
Today, the COB, Pres & CEO of Allegion (ALLE), David Petratis, sold shares of ALLE for $394K. Following David Petratis’ last ALLE Sell transaction on February 21, 2020, the stock climbed by 8.3%. In addition to David Petratis, 3 other ALLE executives reported Sell trades in the last month. Based on Allegion’s latest earnings report for the quarter ending March 31, the company posted quarterly revenue of $694 million and quarterly net profit of $108 million. In comparison, last year the company earned revenue of $675 million and had a net profit of $400K. The company has a one-year high of $144.76 and a one-year low of $94.01. ALLE’s market cap is $12.12 billion and the company has a P/E ratio of 29.50.
Peloton Interactive Inc (PTON) COB and CEO John Paul Foley Sold $10.8 million of Shares (Guru Focus)
COB and CEO of Peloton Interactive Inc, John Paul Foley, sold 100,000 shares of PTON on 06/15/2021 at an average price of $108.42 a share. The total sale was $10.8 million.
