Tiger Global Meets Early-Stage Investors as It Looks to Double Down on Young Startups in India (Money Control)
Tiger Global Management, one of the world’s largest technology investors, is aggressively eyeing early-stage investments in India as the New York-based hedge fund company remains bullish on younger tech startups in the country even as valuations of high-growth technology companies are dwindling elsewhere. Shine Sameul, Associate at Tiger Global, based out of Bengaluru, is conducting meetings with a number of global early-stage investors, including Sequoia Capital India, Accel, and 3one4 Capital, among others, at least three people aware of the matter told Moneycontrol.
How To Evaluate Financial Statements To Find Winners Like Warren Buffett (DataDrivenInvestor)
Recently, I’ve read through The Essays of Warren Buffett and realized that I’ve been doing value investing the wrong way. But, what do I mean by the wrong way? Originally, I thought the right way to do value investing was just to find some numbers on a financial statement, compare them with other companies and plug them into a calculator to evaluate how much I should pay for an investment. At the outset, that’s what value investing seems like but I was totally wrong.
Apollo to Lose Control of Lumileds in $1.3 Billion Debt Deal (Bloomberg)
Apollo Global Management LLC is set to lose control of a lighting components firm it owns after the company reached a deal to reduce its debt and filed for bankruptcy, as it grapples with supply chain constraints exacerbated by the war in Ukraine. Lumileds Holding B.V., which supplies energy-efficient LED lighting for automotive displays, said in a statement it entered into an agreement with key lenders and commenced Chapter 11 proceedings limited to its US and Netherlands operations. It said it expected to emerge from proceedings within 60 days after cutting its debt by $1.3 billion.
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More Othania Funds Available on Nasdaq (Hedge Nordic)
Stockholm (HedgeNordic) – Othania Stabil Investering, a multi-asset fund investing equally in five different and uncorrelated asset classes via liquid exchange-traded products, has been listed for trading on Nasdaq Copenhagen. The listing comes less than a week after the Danish boutique asset manager’s pure equity fund – Othania Globale Aktier – was also admitted to trading on Nasdaq Copenhagen.
Funds Firmly in Hawkish Fed Camp with Record Bet on Rates: McGeever (Reuters)
ORLANDO, Fla. (Reuters) -“Don’t fight the Fed” is a well-worn market maxim, and hedge funds are sticking to it like glue. U.S. futures markets positioning data show that speculators are heeding the increasingly clear signals from Federal Reserve officials that interest rates will be raised as high as is necessary to bring inflation back under control. The Commodity Futures Trading Commission report for the week to August 23 – three days before Fed Chair Jerome Powell’s Jackson Hole speech – show that funds increased their record bet on higher interest rates, and amassed their largest short position in two-year Treasuries futures in over a year.
Hedge Funds Build Up £230m Bet Against Hargreaves Lansdown as it Struggles to Sustain Boom in Business Seen During Pandemic (This Is Money)
Hedge funds have built up a bet of more than £230million against financial services company Hargreaves Lansdown as it struggles to sustain the boom in business seen during the pandemic. A record 5.69 per cent of Hargreaves’ shares are on loan to short-sellers, who will make money if the FTSE100 group’s share price falls. The short positions have roughly doubled in the past six months, according to official data.
Billionaire Carl Icahn’s Latest Portfolio: Top 10 Stock Picks (Insider Monkey)
This article discusses the top 10 stock picks of Carl Icahn’s Icahn Capital LP at the end of the second quarter. If you are short on time and already know about the fund’s history and recent performance, you can skip and go directly to Billionaire Carl Icahn’s Latest Portfolio: Top 5 Stock Picks. Barring Warren Buffett, billionaire Carl Icahn can arguably be considered the most well-known personality on Wall Street. Mr. Icahn has made headlines since the early 80s with his multiple hostile takeover attempts of various companies. These numerous hostile deals eventually led to the ‘corporate raider’ moniker getting attached to his name.
Monday 8/29 Insider Buying Report: KW, INTC (Nasdaq.com)
On Friday, Kennedy-Wilson Holdings’s Director, Stanley R. Zax, made a $635,250 purchase of KW, buying 35,000 shares at a cost of $18.15 a piece. Kennedy-Wilson Holdings is trading up about 0.2% on the day Monday. Before this latest buy, Zax made one other buy in the past twelve months, purchasing $405,650 shares for a cost of $23.18 a piece. And on Wednesday, CEO Patrick P. Gelsinger purchased $501,153 worth of Intel, purchasing 14,800 shares at a cost of $33.86 each. Before this latest buy, Gelsinger bought INTC on 3 other occasions during the past twelve months, for a total cost of $992,473 at an average of $47.04 per share. Intel is trading off about 0.5% on the day Monday. Bargain hunters are able to snag INTC even cheaper than Gelsinger did, with shares changing hands as low as $33.18 in trading on Monday which is 2.0% under Gelsinger’s purchase price.
Contrarian insider buying at Dexterra Group (TheGlobeandMail.com)
Dexterra Group DXT-T provides infrastructure and services for a range of industries. For those who are bullish on economy-sensitive stocks despite recession chatter and have the risk tolerance to ride out interest-rate-driven volatility, Dexterra Group may be a contrarian play to watch. The stock is down more than 10 per cent over the past year, and insiders are buying. Since the beginning of March, five Dexterra Group insiders bought a total of 60,548 common shares at an average price of $6.28. Four insiders also acquired 46,768 shares via options (not on chart).
CSW Industrials Chairman Sold $2.37M In Company Stock (Benzinga)
Joseph B Armes, Chairman at CSW Industrials (CSWI), reported a large insider sell on August 25, according to a new SEC filing. What Happened: A Form 4 filing from the U.S. Securities and Exchange Commission on Thursday showed that Armes sold 17,800 shares of CSW Industrials. The total transaction amounted to $2,368,572.
Insider Trading: August 29, 2022 (BIV.com)
Insider James A Pattison, 10% owner. Company: Westshore Terminals Investment Corp. (TSX:WTE). Shares owned: 5,406,332. Trade date: Aug 12. Trade total: $7,297,224. Trade: Acquisition of 232,100 shares at a price of $31.44 per share.
