Hedge Funds Salvage 2021 Gains as Private Investments Shine (Bloomberg)
Senvest, Impala and SRS are among the year’s top performers. Melvin, Rokos and Alphadyne among firms with steepest losses. For some of the world’s largest hedge funds, private equity ended up making — or saving — the year, and they’re betting that will be the case again in 2022. Those with big holdings in non-public enterprises were rewarded in 2021 as a record number of companies debuted on U.S. exchanges, allowing the asset managers to realize gains.
How Viking Global Became the Top Place to Work for Traders Looking to Launch Their Own Hedge Fund Funds (Business Insider)
Seven Viking Global alums have started their own funds in the past three years, with one more on the way. It’s an unusual level of launch activity for the industry — raising questions about Viking’s “DNA.” Industry insiders explain what makes managers who grew up at Viking so enticing to investors. It’s the age-old problem for entrepreneurial traders looking to launch their own funds: You can’t build a track record without money, but it’s hard to raise money without a track record.
Hedge Fund Giant Bridgewater Associates Looks to Diversify Recruiting with New Fellowships (CT Insider)
WESTPORT — Bridgewater Associates is launching a fellowship program aimed at diversifying its future talent pool by offering an introduction to financial services and networking opportunities to first-year college students from groups underrepresented in the industry. The Westport-based firm’s Rising Fellows initiative focuses on students of color, women and members of the LGBTQ+ community.
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Texas Hedge Fund Reaps Profits with Convexity Strategy (Opalesque)
Texas hedge fund manager Lavaca Capital is reaping profits from a strategy that is impeccably tailored for his family office investors; a convexity strategy that aims to outperform the S&P 500 index in extreme markets through the use of options. Scott Phillips, founder and CIO of Lavaca Capital, will be presenting at the Small Managers – Big Alpha Episode 6 webinar on January 11th, 2022.
Hedge Fund Manager Infrastructure Capital Advisors Launches New Actively Managed Equity Income ETF (Hedge Week)
Infrastructure Capital Advisors (InfraCap), a manager of a series of hedge funds and ETFs has launched the InfraCap Equity Income Fund ETF (NYSE Arca: ICAP). ICAP is an actively managed ETF overseen by portfolio manager and InfraCap Founder & CEO Jay D Hatfield. ICAP will primarily invest in equity securities of companies with a strong track record of paying dividends during normal market conditions. ICAP is an actively managed ETF overseen by portfolio manager and InfraCap Founder & CEO Jay D Hatfield. ICAP will primarily invest in equity securities of companies with a strong track record of paying dividends during normal market conditions.
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.
