Steven Cohen’s Venture Capital Firm Gets Into Crypto With New Partner (Fortune.com)
Hedge fund billionaire Steve Cohen is joining the Bitcoin party. Cohen Private Ventures, which was launched by Cohen’s family office in 2016, has invested Autonomous Partners, a new hedge fund that is acquiring both cryptocurrencies and equity in blockchain-related companies. Autonomous Partners, led by early cryptocurrency believer and venture capitalist Arianna Simpson, launched in December and includes funding in the low eight digits from investors such as Coinbase CEO Brian Armstrong, Union Square Ventures, and Craft Ventures.
Canyon Partners Closes a $450 Million Real Estate Debt Fund (Bloomberg)
Canyon Partners LLC has closed a real estate debt fund with more than $450 million in commitments, the Los Angeles-based hedge fund announced Thursday. The property fund will focus on originating senior and subordinate debt in markets across the U.S., Canyon said in a statement. “In today’s market, we are seeing opportunities to lend on high-quality real estate projects at particularly favorable risk/reward profiles,” Josh Friedman, co-founder of Canyon, said.
Visium and the Rogue Employees Behind the Hedge Fund’s Fall (AnalystofFinance.com)
In early May 2018, the SEC settled with Visium Asset Management in a non-admit non-deny order with findings that Sanjay Valvani, Christopher Plaford, and Stefan Lumiere broke federal regulations. While this has been widely reported on, less well-known are dynamics surrounding these individuals. Using old presentations, interviews with former Visium staffers, and reported news, we look at some of the personalities and activities of people close to the teams and individuals involved.
Seth Klarman Set to Win No Matter Who Prevails in Sky Fight (Bloomberg)
No matter who prevails in the fight to control Sky Plc, hedge fund legend Seth Klarman is set to come out a winner. Klarman’s Baupost Group is the second-largest shareholder in Britain’s top pay-TV provider, with a stake worth 1.2 billion pounds ($1.6 billion), according to data compiled by Bloomberg. The stock, up more than 50 percent this year, rose again Thursday as Rupert Murdoch’s 21st Century Fox Inc. and Comcast Corp. engage in a full-blown bidding war for the media firm.
Insider Buying: U.S. Xpress Enterprises (USX) Insider Acquires $1,129,310.00 in Stock (MaconDaily.com)
U.S. Xpress Enterprises (NYSE:USX) insider Max L. Fuller purchased 73,000 shares of the stock in a transaction dated Monday, July 9th. The stock was purchased at an average price of $15.47 per share, for a total transaction of $1,129,310.00. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.
Insider Selling: Blue Apron Holdings Inc (APRN) CTO Sells $540,883.56 in Stock (LedgerGazette.com)
Blue Apron Holdings Inc (NYSE:APRN) CTO Ilia M. Papas sold 157,692 shares of the firm’s stock in a transaction that occurred on Friday, July 6th. The shares were sold at an average price of $3.43, for a total transaction of $540,883.56. Following the completion of the transaction, the chief technology officer now directly owns 78,100 shares in the company, valued at $267,883. The sale was disclosed in a document filed with the Securities & Exchange Commission.
Insider Selling: Mellanox Technologies, Ltd. (MLNX) Insider Sells 344,677 Shares of Stock (FairFieldCurrent.com)
Mellanox Technologies, Ltd. (NASDAQ:MLNX) insider Value Lp Starboard sold 344,677 shares of the stock in a transaction dated Monday, July 9th. The shares were sold at an average price of $85.03, for a total value of $29,307,885.31. The transaction was disclosed in a filing with the Securities & Exchange Commission.
Insider Selling: Harvard Bioscience, Inc. (HBIO) CEO Sells 14,195 Shares of Stock (MaconDaily.com)
Harvard Bioscience, Inc. (NASDAQ:HBIO) CEO Jeffrey Duchemin sold 14,195 shares of the stock in a transaction that occurred on Monday, July 9th. The shares were sold at an average price of $5.41, for a total value of $76,794.95. The transaction was disclosed in a document filed with the Securities & Exchange Commission.
Insider Buying: Nicholas Financial, Inc. (NICK) Major Shareholder Buys 26,025 Shares of Stock (LedgerGazette.com)
Nicholas Financial, Inc. (NASDAQ:NICK) major shareholder Magnolia Capital Fund, Lp purchased 26,025 shares of Nicholas Financial stock in a transaction dated Tuesday, July 10th. The shares were bought at an average price of $9.99 per share, with a total value of $259,989.75. The transaction was disclosed in a legal filing with the Securities & Exchange Commission.