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Hedge Fund and Insider Trading News: T. Boone Pickens, Steve Cohen, Jana Partners and More

Bill Ackman Slashes the Annual Management Fee for Pershing Square Hedge Fund (

Activist investor Bill Ackman said he would slash the 1.5 percent annual management fee for his hedge fund Pershing Square Holdings Ltd. Management fees for hedge funds typically range from 1 percent to 4 percent each year. According to a letter posted to the Pershing Square (OTC:PSHZF) website, Ackman says he will be reducing future management fees for all of the funds which incurred recent litigation expenses by a total of $32.2 million.

Clint Carlson‘s Hedge Fund Belongings Drop $1 Billion in 5 Months After Brutal Efficiency (Kaplan Herald)
Carlson Capital‘s hedge fund assets dropped by $1 billion in five months. The firm‘s Black Diamond Thematic fund lost 22.1% last year, with assets dropping more than $300 million from August to December. Assets at Clint Carlson‘s investment firm have dropped by nearly $1 billion in five months, client documents show. The Dallas-based hedge fund managed $8.2 billion firmwide at the start of 2018, down from $9.1 billion in August 2017, according to documents seen by Business Insider.

General Motors Company (GM): Insider Trading and Ownership Analysis (Economics And Money)
General Motors Company (NYSE:GM) has seen its stock price gain 2.01, or +4.90%, so far in 2017. In the past 3-month period alone, shares of GM have appreciated -2.21 – or -4.89%. The stock’s 52-week range is $31.92 to $46.76, and its 3-month range is $40.70 to $46.76. The average Wall Street analyst rating for General Motors Company is Hold, according to the average of 15 analyst scores. Of those analysts, 7 rate stock as a Strong Buy, 7 rate it as Hold, and just no analyst rates it as a Moderate Sell.

Insider Trading Activity Carnival Corporation (NYSE:CCL) – CEO Sold 3,000 shares of Stock (Market Exclusive)
Arnold W. Donald , CEO of Carnival Corporation (NYSE:CCL) reportedly Sold 3,000 shares of the company’s stock at an average price of 68 for a total transaction amount of $204,000.00 SEC Form.

Sterling Construction Company, Inc. (STRL) Recently Sold by Insider Hemsley Maarten D (Post Analyst)
Multiple company employees have indulged in significant insider trading. Sterling Construction Company, Inc. disclosed in a document filed with the US Securities and Exchange Commission (SEC) that Director Hemsley Maarten D has sold 200 shares of Sterling Construction Company, Inc. (STRL) in trading session dated Dec. 18, 2017. These shares are worth $3,492 and were traded at $17.46 each. The SEC filing shows that Hemsley Maarten D performed a sale of 29,800 shares. The Director disposed these shares by way of transaction on Dec. 15, 2017. The company’s shares were given away at $17.32 per share worth to an income of some $516,136 on account of Hemsley Maarten D.

Insider Trade: Community Health Systems, Inc. (CYH)’S Major Shareholder Tian Chen Invested In 995,551 Shares; Hamilton Point Investment Advisors Lowered Bard C R (BCR) Position By $343,040 (Hill Country Times)
Tian Chen, the well informed person, who serves as a major shareholder of Community Health Systems Inc paid for just 995,551 shares of the firm valued by the market at around $3.95 million US Dollars [Bold1][Based1] 4.0 US Dollars per share. This is not his first insider trade, in the last month, he obtained another 981,076 shares worth $3.91 million USD. The stock deal by Mr. Tian – was recorded on 11-01-2018 and disclosed in a SEC’s document available here. Having been a very huge insider purchase at Community Health Systems Inc, the probability that it stays a secret for long was obviously very low.

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