Greenlight Hedge Fund Falls 1.1% in April, Extending Decline (Bloomberg)
David Einhorn’s main hedge fund at Greenlight Capital fell 1.1 percent in April, extending its loss this year to 14.9 percent, according to a client update seen by Bloomberg. The performance for his value-investing hedge fund strategy compares with a 0.4 percent return for the S&P 500 Index, including reinvested dividends. The HFRX Global Hedge Fund Index, an early indicator of industry performance, was up 0.3 percent in the month as of April 26, paring declines to for this year to 0.8 percent.
U.K. Prosecutors Name Star Trader Alfredo Saitta in Euribor Trial (The Wall Street Journal)
A former JPMorgan & Co and Citigroup Inc. trader, who is currently a star manager at hedge fund giant Brevan Howard, has been named in a U.K. court as an alleged co-conspirator in what prosecutors call a scheme to manipulate interest rates. The trader, Alfredo Saitta, and six less prominent individuals were named last month by the U.K.’s Serious Fraud Office as alleged co-conspirators-but not charged with a crime-during an ongoing trial of other bank employees accused of trying to rig the euro interbank offered rate, or…
China’s HNA Drops Bid to Buy Scaramucci’s SkyBridge Due to Regulatory Hold-up (Reuters)
(Reuters) – Chinese conglomerate HNA Group has dropped its bid for most of SkyBridge Capital, a hedge fund investment firm founded by U.S. President Donald Trump’s former aide Anthony Scaramucci, as the deal was still stuck with U.S. regulators after more than a year. Scaramucci, who was White House communications director for 10 days last year, will return to SkyBridge as co-managing partner to focus on strategic planning and marketing efforts, the two companies said in a statement late on Monday.
What We Learned From a Week With London’s Fund Managers (Bloomberg)
Beware higher bond yields, watch for a stronger dollar, and steer clear of credit. Those are some of the biggest consensus calls from London’s money managers as they navigate financial markets rocked by central bank tightening, the threat of trade wars, and concern global growth has already passed its high water mark. In the week that 10-year U.S. Treasury yields climbed above 3 percent for the first time in four years and the dollar hit its strongest level since January, Bloomberg took the pulse of some 20 traders and money managers in the City.
Insider Buying: AgroFresh Solutions (AGFS) Major Shareholder Buys 61,008 Shares of Stock (RegistrarJournal.com)
AgroFresh Solutions Inc (NASDAQ:AGFS) major shareholder Dowdupont Inc. bought 61,008 shares of the stock in a transaction that occurred on Friday, April 27th. The shares were purchased at an average cost of $6.94 per share, for a total transaction of $423,395.52. The transaction was disclosed in a legal filing with the Securities & Exchange Commission.
Insider Selling: EXCO Resources, Inc. (XCOOQ) Major Shareholder Sells $176,953.80 in Stock (WeekHerald.com)
EXCO Resources, Inc. (OTCMKTS:XCOOQ) major shareholder Wl Ross & Co Llc sold 589,846 shares of the stock in a transaction that occurred on Friday, April 27th. The stock was sold at an average price of $0.30, for a total value of $176,953.80. The sale was disclosed in a document filed with the Securities & Exchange Commission.
Insider Selling: Charles Schwab Co. (NYSE:SCHW) Chairman Sells 250,000 Shares of Stock (TheLincolnianOnline.com)
Charles Schwab Co. (NYSE:SCHW) Chairman Charles R. Schwab sold 250,000 shares of the stock in a transaction dated Monday, April 23rd. The shares were sold at an average price of $54.99, for a total transaction of $13,747,500.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission.
Insider Buying: DDR Corp. (DDR) Director Buys 708,936 Shares of Stock (TheEnterpriseLeader.com)
DDR Corp (NYSE:DDR) Director Alexander Otto acquired 708,936 shares of the company’s stock in a transaction that occurred on Friday, April 27th. The stock was purchased at an average cost of $7.44 per share, with a total value of $5,274,483.84. Following the completion of the purchase, the director now directly owns 53,569,015 shares in the company, valued at $398,553,471.60. The acquisition was disclosed in a document filed with the SEC.
Insider Buying: Cardtronics, Inc. (CATM) Major Shareholder Acquires 207,150 Shares of Stock (LedgerGazette.com)
Cardtronics, Inc. (NASDAQ:CATM) major shareholder Hudson Executive Capital Lp acquired 207,150 shares of the firm’s stock in a transaction on Friday, April 27th. The stock was purchased at an average price of $25.90 per share, with a total value of $5,365,185.00. The acquisition was disclosed in a document filed with the SEC.
Insider Buying: OPKO Health (OPK) CEO Purchases 75,000 Shares of Stock (LedgerGazette.com)
Opko Health Inc. (NASDAQ:OPK) CEO Phillip Md Et Al Frost acquired 75,000 shares of the business’s stock in a transaction that occurred on Monday, April 30th. The shares were purchased at an average price of $3.08 per share, with a total value of $231,000.00. Following the completion of the acquisition, the chief executive officer now owns 3,068,951 shares of the company’s stock, valued at approximately $9,452,369.08. The transaction was disclosed in a legal filing with the Securities & Exchange Commission.