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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 (Bizjournals.com)

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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