Greatest Asset Raising Environment in the History of the Hedge Fund Industry (Hedge Week)
By Don Steinbrugge, Agecroft Partners – The next 15 months will be the greatest asset raising environment in the history of the hedge fund industry and potentially a once-in-a-career opportunity for managers to grow assets. The strength of asset flows to managers will be much stronger than many industry professionals expect and potentially surpass USD1 trillion. This should become clear as they consider these three factors that drive asset flows to managers: asset size of the hedge fund industry, manager turnover rate within investors’ portfolios, and net flows to the hedge fund industry.
Allianz Probed by German Regulator Over Hedge Fund Business (1) (Bloomberg Law)
German regulator BaFin has started its own investigation into Allianz SE’s Structured Alpha Funds, which are at the center of lawsuits and probes in the U.S. following steep losses during the pandemic. BaFin is looking at the extent to which Allianz officials outside the Florida-based funds knew of the events leading up to the losses, according to a person familiar with the matter, who asked for anonymity to discuss internal information. Reuters reported on the BaFin probe earlier.
Tuesday 9/7 Insider Buying Report: RMBL, SMRT (Nasdaq.com)
On Friday, RumbleON (RMBL)’s , Denmar John Dixon, made a $449,988 buy of RMBL, purchasing 13,636 shares at a cost of $33.00 each. So far Dixon is in the green, up about 10.7% on their purchase based on today’s trading high of $36.53. RumbleON is trading down about 1.7% on the day Tuesday. Before this latest buy, Dixon made one other purchase in the past year, buying $244,688 shares at a cost of $39.15 a piece. And at SmartRent.com (SMRT), there was insider buying on Thursday, by Director Bruce C. Strohm who purchased 10,000 shares at a cost of $12.25 each, for a trade totaling $122,456. This purchase marks the first one filed by Strohm in the past twelve months. SmartRent.com is trading off about 5.1% on the day Tuesday. Strohm was up about 18.3% on the purchase at the high point of today’s trading session, with SMRT trading as high as $14.49 at last check today.
The EVP & CFO of SBA Communications (NASDAQ: SBAC) is Buying Shares (Analyst Ratings)
Yesterday, the EVP & CFO of SBA Communications (SBAC), Brendan Thomas Cavanagh, bought shares of SBAC for $6.93M. Following Brendan Thomas Cavanagh’s last SBAC Buy transaction on September 06, 2019, the stock climbed by 107.7%. This recent transaction increases Brendan Thomas Cavanagh’s holding in the company by 120.19% to a total of $18.34 million. Based on SBA Communications’ latest earnings report for the quarter ending June 30, the company posted quarterly revenue of $576 million and quarterly net profit of $153 million.
Vicor Corp (VICR) Chairman and CEO Patrizio Vinciarelli Sold $1.8 million of Shares (Guru Focus)
Chairman and CEO of Vicor Corp, Patrizio Vinciarelli, sold 14,372 shares of vicr on 09/03/2021 at an average price of $128.32 a share. The total sale was $1.8 million.
