TimesSquare Capital Management U.S. Concentrated Growth Strategy’s Q3 2022 Investor Letter (Insider Monkey)
TimesSquare Capital Management, an equity investment management company, released its “U.S. Concentrated Growth Strategy” third-quarter investor letter. A copy of the same can be downloaded here. In the third quarter, the strategy returned -0.72% (net), compared to a -3.37% return for the Russell 3000 Growth Index. The energy sector remained relatively strong in the quarter while Real Estate and Consumer Staples especially detracted from performance. In addition, please check the fund’s top five holdings to know its best picks in 2022.
Ex-Genesis, Galaxy Execs Said To Helm Hedge Fund Hunting Hill’s Crypto Play (Blockworks.co)
Longtime TradFi hedge fund operator Hunting Hill Global Capital is doubling down on cryptocurrency trading — which has not been common knowledge on The Street — according to three sources familiar with the matter. The New York firm is closing in on a number of key hires for just that, sources said: at least two former Genesis executives, plus at least one senior addition out of Galaxy Digital.
Opalesque Roundup: Quant Hedge Funds Notch Dream Returns in Nightmare Year: Hedge Fund News, Week 47 (Opalesque.com)
In the week ending December 23rd 2022, a report claimed that the math wizards of Wall Street are notching dream returns in this nightmare year for global markets. Famous quant firms like AQR Capital Management, Man Group and Aspect Capital are riding high as inflation-fueled turmoil trashes many of their human counterparts in the stock and bond world. Macro-driven volatility is fueling powerful one-way price trends, while creating new winners and losers as well as widening the performance gap between companies and assets – perfect conditions for this rules-based cohort.
Pixabay/Public Domain
Blackstone vs Blackrock: Better Buy After a Tough 2022 (Invezz)
Blackstone (NYSE: BX) and Blackrock (NYSE: BLK) stock prices had a difficult performance in 2022 as the two companies faced different challenges. Blackrock’s total return in 2022 was minus 20.92% while Blackstone’s was minus -40%. So, in this Blackstone vs Blackrock analysis, we will assess the better asset management firm to invest in.
SBF and Crypto Are Going Through Some Things (Bloomberg)
Even if you don’t know much about crypto, the flameout of FTX and the subsequent arrest of founder Sam Bankman-Fried, accused of orchestrating a years-long fraud that diverted billions in customer funds from FTX to Alameda, is juicy stuff. Last week, SBF was extradited to the US after spending time in jail in the Bahamas; two of his associates have pleaded guilty to fraud charges. In the long run, the FTX disaster promises to reshape the future of crypto. Unfortunately, investors aren’t going to find much comfort in the immediate aftermath, as Alexis Leondis writes. They, and other crypto advocates, will have to suffer through their own stages of grief.
Hedge Fund Market Wizards Trading Secrets & Insights in Their Own Words (Chof360.com)
Author Jack Schwager has written the industry’s largest series of trading books by consistently getting interviews with the top traders of this generation. His book Hedge Fund Market Wizards is one of the best as it consists of interviews with professional traders with successful public track records. These asset managers are able to generate returns on capital as well as acquire and retain investment clients. Hedge Fund Market Wizards review: Jack Schwager has written six must-read trading books in his Market Wizard series. Amazingly, all of his books live up to the expectations of his readers as they provide an insight into the principles that the best traders use to make money in the market.
Friday 12/23 Insider Buying Report: COIN, HROW (Nasdaq.com)
On Tuesday, Coinbase Global’s Director, Tobias Lutke, made a $365,570 purchase of COIN, buying 10,520 shares at a cost of $34.75 a piece. Coinbase Global is trading up about 2.4% on the day Friday. Before this latest buy, Lutke bought COIN on 18 other occasions during the past year, for a total investment of $7.12M at an average of $61.46 per share. And at Harrow Health, there was insider buying on Wednesday, by Director Martin A. Makary who bought 25,000 shares at a cost of $13.37 each, for a trade totaling $334,250. Harrow Health is trading up about 3.9% on the day Friday. Makary was up about 8.3% on the purchase at the high point of today’s trading session, with HROW trading as high as $14.48 at last check today.
Insider Trading: December 26, 2022 (BIV.com)
Insider Robin Sheremeta, officer. Company: Teck Resources Ltd. (TSX:TECK). Shares owned: 8,000. Trade date: Dec. 8. Trade total: $207,500. Trade: Sale of 4,000 shares at prices from $51.75 to $52.00 to per share. Insider Michael Bruce Campbell, director. Company: Decisive Dividend Corp. (TSX-V:DE). Shares owned: 15,150. Trade date: Dec. 12. Trade total: $144,430. Trade: Sale of 28,600 shares at a price of $5.05 per share.
$7.5 Million Bet On This Biotechnology Stock? Check Out These 3 Stocks Insiders Are Buying (Benzinga)
Design Therapeutics: The Trade: Design Therapeutics, Inc. (DSGN) Director Simeon George acquired a total of 900,000 shares an average price of $8.42. To acquire these shares, it cost around $7.57 million. B. Riley Financial: The Trade: B. Riley Financial, Inc. (RILY) Director Michael Joseph Sheldon bought a total of 10,026 shares at an average price of $39.86. To acquire these shares, it cost around $399.63 thousand.
Insider Buying: Terns Pharmaceuticals, Inc. (NASDAQ:TERN) Major Shareholder Buys $5,499,995.00 in Stock (The AM Reporter)
Terns Pharmaceuticals, Inc. (NASDAQ:TERN) major shareholder Vivo Opportunity, Llc acquired 758,620 shares of the firm’s stock in a transaction that occurred on Friday, December 23rd. The stock was purchased at an average cost of $7.25 per share, with a total value of $5,499,995.00. Following the acquisition, the insider now owns 4,340,212 shares in the company, valued at approximately $31,466,537. The acquisition was disclosed in a legal filing with the SEC.
