THETA Appoints Strategic Sales Advisor (Hedge Week)
THETA, a specialist provider of buy-side trading technology as a service, has appointed Paul Flanagan as Strategic Sales Advisor, managing relationships with asset managers, hedge funds, fund managers and pension funds. Flanagan has worked in Fixed Income sales to financial institutions for over 30 years. Most recently he was Managing Director for Institutional Investor sales at Lloyds Bank in London, where he worked for over five years. Previously he has worked in Fixed Income sales management at Societe Generale, HSBC, Citi and Deutsche Bank.
Hedge Fund Giant Paulson Snoops on Ex-Virgin Money Chief’s App (Sky News)
An investment fund established by one of the most renowned investors in the US is ploughing £15m into the money-saving app founded by Dame Jayne-Anne Gadhia, the former Virgin Money chief. Sky News has learnt that Snoop, which launched 15 months ago, is close to announcing an equity injection from Paulson & Co., which at one stage ranked among Wall Street’s most successful hedge funds.
Corporate Headhunter Egon Zehnder Accused of $13M New York State Tax Fraud in Whistleblower Lawsuit (CNBC)
A whistleblower lawsuit accuses corporate headhunter Egon Zehnder International of a decade-long scheme that allegedly deprived New York state out of $13.25 million in taxes owed by the firm. The Manhattan Supreme Court suit says Egon Zehnder — which has placed top executives and board members at some of the biggest companies in the U.S. and the world — kept two sets of financial books as part of the scheme. The suit is seeking treble damages and penalties under New York’s False Claims Act, which would total at least $47 million before taking into account compounded interest on the claim.
Alabama Coal Miners Bring Strike to BlackRock Offices in NYC (Democracy Now)
Hundreds of striking Alabama coal miners traveled to New York City this week and held a protest in front of the offices of hedge fund BlackRock, the largest shareholder of Warrior Met Coal. Over 1,000 members of the United Mine Workers of America have been on strike since April 1 after rejecting a new contract that refused to restore their full pay, after miners took a pay cut in 2016 to help keep the company afloat.
A Director at Brown & Brown (NYSE: BRO) is Buying Shares (Analyst Ratings)
Today, a Director at Brown & Brown (BRO), Palmer Proctor, bought shares of BRO for $110K. Following Palmer Proctor’s last BRO Buy transaction on July 26, 2019, the stock climbed by 18.3%. Following this transaction Palmer Proctor’s holding in the company was increased by 5.57% to a total of $2.05 million. Based on Brown & Brown’s latest earnings report for the quarter ending June 30, the company posted quarterly revenue of $726 million and quarterly net profit of $139 million.
Crocs Inc (CROX) EVP, COO Elaine L Boltz Sold $1.2 million of Shares (Guru Focus)
EVP, COO of Crocs Inc, Elaine L Boltz, sold 9,296 shares of CROX on 07/27/2021 at an average price of $129.39 a share. The total sale was $1.2 million.
