A Hedge Fund Goes Long on India Stocks Even as Fear Spikes (Bloomberg)
A veteran hedge fund manager is going long on Indian stocks even as fear of further losses among the nation’s equity investors surged to a record as the stocks head for the worst weekly fall in more than 12 years. “Asset prices typically do not fall in straight lines without some retracement, and hence currently, we have pivoted to a net long stance from being defensively net short for the past several months,” Vijay Krishna Kumar, head of Liquid Alternatives investment at IDFC Asset Management Co.
No Guessing Games (Hedge Nordic)
Stockholm (HedgeNordic) – The ability of central banks to reverse an economic downturn appears limited as the global economy approaches the ends of both the short-term and long-term cycles. “Since interest rates have been cut down to zero or even below zero, the maximum work has already been done to get everyone – governments, companies and individuals – loaded up with the maximum amount of debt,” warns Tommi Kemppainen, the CEO of Finnish asset manager Helsinki Capital Partners. “While many market participants are very much aware of the shorter-term cycle, extremely few seem to be aware of this much longer debt cycle coming to an end,” reckons Kemppainen.
A Director at Boston Properties (NYSE: BXP) is Buying Shares (Analyst Ratings)
Today, a Director at Boston Properties (BXP), Carol Einiger, bought shares of BXP for $488K. This recent transaction increases Carol Einiger’s holding in the company by 200% to a total of $970.3K. In addition to Carol Einiger, 5 other BXP executives reported Buy trades in the last month.
Rayonier Advanced Materials Inc (RYAM) Chairman, President and CEO Paul G Boynton Bought $286,000 of Shares (Guru Focus)
Chairman, President and CEO of Rayonier Advanced Materials Inc., Paul G Boynton, bought 200,000 shares of RYAM on 03/11/2020 at an average price of $1.43 a share. The total cost of this purchase was $286,000. Rayonier Advanced Materials Inc manufactures cellulose from wood. Its products are mainly used in a variety of applications, including cigarette filters, liquid crystal displays, paints, pharmaceuticals, and food.
Thursday 3/12 Insider Buying Report: EHC, RJF (Nasdaq.com)
At Encompass Health, a filing with the SEC revealed that on Wednesday, CEO & President, Home Health April Kaye Bullock Anthony purchased 40,000 shares of EHC, for a cost of $64.24 each, for a total investment of $2.57M. Investors have the opportunity to grab EHC at a price even lower than Anthony did, with the stock changing hands as low as $54.50 in trading on Thursday which is 15.2% under Anthony’s purchase price. Encompass Health Corp is trading off about 5.4% on the day Thursday. And on Monday, Vice Chairman Francis S. Godbold purchased $820,224 worth of Raymond James Financial, purchasing 12,542 shares at a cost of $65.40 each. Raymond James Financial Inc is trading off about 9.1% on the day Thursday. Investors can grab RJF at a price even lower than Godbold did, with shares changing hands as low as $60.05 at last check today — that’s 8.2% under Godbold’s purchase price.
Why In-House Counsel Need to Watch for Insider Trading, Public Disclosure Issues From COVID-19 (Law.com)
The COVID-19 coronavirus pandemic means in-house counsel need to keep an eye on potential insider trading by employees at all levels who may gain access to material, nonpublic information about supply chain or other disruptions that could affect a company’s bottom line, or its financial outlook. Inside counsel also need to consider whether and how to handle public disclosure about disruptions or related matters in U.S. Securities and Exchange Commission filings and reports, lawyers say.
