Hedge Fund and Insider Trading News: Viking Global Investors, Lavaca Capital, Tiger Global Management, Infrastructure Capital Advisors, Angion Biomedica Corp (ANGN), Movado Group (MOV), and More

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Top Chinese Quant Fund Apologizes to Investors After Recent Struggles (The Wall Street Journal)
One of China’s largest managers of quant funds is languishing after a rare bout of underperformance in recent months, which led to an unusual public apology from the company this week. High-Flyer Quant, a six-year-old firm started by a trio of young computer scientists who were university classmates, uses artificial-intelligence technology to pick domestic yuan-denominated stocks, design trading algorithms and hedge investment risks.

How Tiger Global Threw Out the Venture-Capital Rulebook and Bulldozed the Competition in 2021 (Business Insider)
Tiger Global went on a dealmaking tear with 335 investments in 2021, Crunchbase showed. The firm’s aggressive investing strategy mixed fast cash and a hands-off approach, founders said. There are no signs that its venture investing will slow down in 2022. It’s no exaggeration that in the world of venture capital, 2021 was the year of Tiger Global.

Thursday 12/30 Insider Buying Report: ANGN, PLL (Nasdaq.com)
On Tuesday, Angion Biomedica’s Jay Venkatesan, made a $730,373 purchase of ANGN, buying 277,244 shares at a cost of $2.63 a piece. Angion Biomedica is trading up about 14.2% on the day Thursday. Before this latest buy, Venkatesan purchased ANGN on 3 other occasions during the past year, for a total cost of $301,883 at an average of $2.46 per share. And at Piedmont Lithium, there was insider buying on Wednesday, by EVP, CLO & Secretary Bruce Czachor who bought 1,933 shares for a cost of $51.49 each, for a total investment of $99,530. This buy marks the first one filed by Czachor in the past year. Piedmont Lithium is trading up about 6.1% on the day Thursday.

The Chairman – CEO of Movado Group (NYSE: MOV) is Buying Shares (Analyst Ratings)
Yesterday, the Chairman – CEO of Movado Group (MOV), Efraim Grinberg, bought shares of MOV for $2.54M. This recent transaction increases Efraim Grinberg’s holding in the company by 129.56% to a total of $6.32 million. This is Grinberg’s first Buy trade following 8 Sell transactions. Based on Movado Group’s latest earnings report for the quarter ending October 31, the company posted quarterly revenue of $218 million and quarterly net profit of $31.41 million.

Iveric Bio Inc (ISEE) CEO Glenn Sblendorio Sold $980,058 of Shares (Guru Focus)
CEO of Iveric Bio Inc, Glenn Sblendorio, sold 58,476 shares of ISEE on 12/27/2021 at an average price of $16.76 a share. The total sale was $980,058.






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