‘You Chose War’: Hedge-Fund Rift Emerges From Cum-Ex Probe (Bloomberg)
A London hedge fund dispute exposed a bitter rift between two former business partners who were targeted for their alleged roles in the sprawling Cum-Ex tax scandal a year ago. Duet Group’s CEO Henry Gabay was ordered by a judge in London to pay Alain Schibl $2.5 million to cover debt outstanding from an arbitration settlement this week. The pair, who founded the London-based hedge fund together in 2002, traded insults and allegations of improper conduct at the hearing that pushed their spat into the public domain.
Blue Owl Collects $2bn for Debt-and-Equity Opportunistic Fund (Opalesque)
The alternative asset manager Blue Owl Capital Inc. has raised $2 billion for an opportunistic fund targeting both equity and debt investments. The fund, Owl Rock Opportunistic Fund, will have $2.5 billion in investable capital, including anticipated leverage, and will target investments including rescue financings, recapitalizations, and debtor-in-possession loans. The fund received commitments from pension funds, endowments, foundations, family offices, and asset managers.
Wednesday 7/28 Insider Buying Report: BLFY, ATLO (Nasdaq.com)
On Tuesday, Blue Foundry Bancorp’s Director, Robert Thomas Goldstein, made a $92,700 purchase of BLFY, buying 7,500 shares at a cost of $12.36 each. Goldstein was up about 1.5% on the buy at the high point of today’s trading session, with BLFY trading as high as $12.55 in trading on Wednesday. Blue Foundry Bancorp is trading up about 1% on the day Wednesday. And at Ames National, there was insider buying on Friday, by Director James R. Larson II who bought 500 shares for a cost of $23.50 each, for a total investment of $11,750. Before this latest buy, Larson II purchased ATLO on 11 other occasions during the past twelve months, for a total investment of $77,769 at an average of $22.22 per share. Ames National is trading up about 0.6% on the day Wednesday. Larson II was up about 1.4% on the purchase at the high point of today’s trading session, with ATLO trading as high as $23.82 at last check today.
The CFO of Uranium Energy (NYSE MKT: UEC) is Selling Shares (Analyst Ratings)
Yesterday, the CFO of Uranium Energy (UEC), Pat Obara, sold shares of UEC for $138.4K. In addition to Pat Obara, 7 other UEC executives reported Sell trades in the last month. Following Pat Obara’s last UEC Sell transaction on April 06, 2018, the stock climbed by 0.8%. UEC’s market cap is $508 million and the company has a P/E ratio of -25.70. The company has a one-year high of $3.67 and a one-year low of $0.82.
Dell Technologies Inc (DELL) CFO Thomas W Sweet Sold $19.3 million of Shares (Guru Focus)
CFO of Dell Technologies Inc, Thomas W Sweet, sold 200,000 shares of DELL on 07/26/2021 at an average price of $96.57 a share. The total sale was $19.3 million.
