Hedge Fund Industry Returns 3.29 per cent in December Ending the Year Up 10.95 per cent (Hedge Week)
The hedge fund industry posted a second consecutive positive month in December, returning 3.29 per cent according to the Barclay Hedge Fund Index compiled by BarclayHedge, a division of Backstop Solutions. By comparison, the S&P 500 Total Return Index was up 3.84 per cent in December. For the year, the hedge fund industry gained 10.95 per cent in 2020, its third double-digit annual return in the past four years. The S&P 500 Total Return Index was up 18.40 per cent over the 12 months.
The Sun is Shining on Energy Transition (Hedge Nordic)
Stockholm (HedgeNordic) – With government, corporate and consumer interests aligning in favor of renewable energy, the sun has started to shine on the energy sector’s transition to renewables and the investors betting on this energy transition. Energy transition-focused Proxy Renewable Long/Short Energy returned about 83 percent last year after advancing 46 percent in 2019 to bring its annualized return since launching in mid-December of 2018 to 54 percent.
Hedge-Fund Worker Among Those Hoping Brexit Stops Extradition (Bloomberg)
A hedge-fund employee wanted in a German Cum-Ex probe is among five people in a London court trying to use Brexit for the first time to fight extradition to European nations. The group, which includes an operations manager from London’s Duet Group, argues that Brexit has rendered their arrest warrants invalid. Another participant, who’s a convicted sex offender, is fighting deportation to Lithuania where he’s accused of robbery.
Friday 1/15 Insider Buying Report: TPL, CGEM (Nasdaq.com)
On Tuesday, Texas Pacific Land’s Director, Murray Stahl, made a $106,774 buy of TPL, purchasing 122 shares at a cost of $875.20 a piece. Investors are able to grab TPL at a price even lower than Stahl did, with shares trading as low as $819.58 in trading on Friday which is 6.4% below Stahl’s purchase price. Texas Pacific Land is trading off about 4% on the day Friday. This purchase marks the first one filed by Stahl in the past year. And also on Tuesday, CEO Owen Hughes purchased $52,500 worth of Cullinan Management, purchasing 2,500 shares at a cost of $21.00 a piece. This purchase marks the first one filed by Hughes in the past twelve months. Cullinan Management is trading down about 1% on the day Friday. So far Hughes is in the green, up about 83.1% on their buy based on today’s trading high of $38.46.
Pinterest Inc (PINS) Chairman, President, CEO, Co-F Benjamin Silbermann Sold $20.7 million of Shares (Guru Focus)
Chairman, President, CEO, Co-F of Pinterest Inc, Benjamin Silbermann, sold 280,000 shares of PINS on 01/14/2021 at an average price of $73.94 a share. The total sale was $20.7 million. Pinterest Inc has a market cap of $43.86 billion; its shares were traded at around $70.960000 with and P/S ratio of 29.93. GuruFocus has detected 1 severe warning sign with Pinterest Inc.
The President FEI-Zyfer of Frequency Electronics (NASDAQ: FEIM) is Selling Shares (Analyst Ratings)
Today, the President FEI-Zyfer of Frequency Electronics (FEIM), Steven Strang, sold shares of FEIM for $70.91K. Based on Frequency Electronics’ latest earnings report for the quarter ending October 31, the company posted quarterly revenue of $13.99 million and quarterly net profit of $329K.