World’s Biggest Publicly Traded Hedge Fund Firm Defends Bitcoin + More News (Crypto News)
Bitcoin News: Bitcoin (BTC)’s volatility is simply part of the price discovery in a new asset class, and these are not bubbles, analysts at Man Group, the world’s biggest publicly traded hedge fund firm, said, as reported by Bloomberg. According to them, this volatility is “part of a not-so-random walk that will eventually dwindle to give bitcoin more stability, and ultimately, legitimacy.”
Hedge Fund Trader Faces Extradition to Belgium Over Cum-Ex (Bloomberg)
A veteran trader with links to Cum-Ex “mastermind” Sanjay Shah faces extradition to Belgium as criminal probes related to the controversial tax strategy expand throughout Europe. Guenther Klar, who previously worked for Shah’s Solo Capital hedge fund, is being sought for questioning by Belgian prosecutors as part of an investigation into Cum-Ex trading. A London judge is scheduled to rule on the request Thursday.
Lazy Supreme Court Wants Insider Trading Verdict Overturned, Just By Someone Else (Deal Breaker)
The U.S. Supreme Court has really heard quite enough about what is and is not insider trading, and it does not intend to hear anything more. That said, it doesn’t mind forcing the Second Circuit Court of Appeals, which has heard even more bickering over the matter than the high court and has shown itself to be somewhat confused on the matter, to listen to it some more.
Hedge Fund Trader Faces Extradition to Belgium Over Cum-Ex (1) (Bloomberg Law)
A veteran trader with links to Cum-Ex “mastermind” Sanjay Shah faces extradition to Belgium as criminal probes related to the controversial tax strategy expand throughout Europe. Guenther Klar, who previously worked for Shah’s Solo Capital hedge fund, is being sought for questioning by Belgian prosecutors as part of an investigation into Cum-Ex trading. A London judge is scheduled to rule on the request Thursday.
Wednesday 1/13 Insider Buying Report: RILY (Nasdaq.com)
On Wednesday, B. Riley Financial’s President, Kenneth M. Young, made a $73,600 purchase of RILY, buying 1,600 shares at a cost of $46.00 each. Young was up about 12.2% on the purchase at the high point of today’s trading session, with RILY trading as high as $51.62 in trading on Wednesday. B. Riley Financial is trading up about 8% on the day Wednesday. Before this latest buy, Young bought RILY at 2 other times during the past twelve months, for a total cost of $98,105 at an average of $21.80 per share.
The EVP & Pres. Wine and Spirits of Constellation Brands (NYSE: STZ) is Selling Shares (Analyst Ratings)
Yesterday, the EVP & Pres. Wine and Spirits of Constellation Brands (STZ), Robert Lee Hanson, sold shares of STZ for $1.4M. Following Robert Lee Hanson’s last STZ Sell transaction on January 10, 2020, the stock climbed by 41.7%. In addition to Robert Lee Hanson, one other STZ executive reported Sell trades in the last month.
