Exploiting Asset Opportunities (Hedge Nordic)
Stockholm (HedgeNordic) – After amassing more than 20 years of financial market experience, Per Gramstrup launched advisory firm Asset Advisor Fondsmæglerselskab A/S in January 2009 as a one-person boutique to advise and offer institutional clients access to his opportunistic multi-asset risk-on, risk-off strategy. Fast forward to late 2016, Gramstrup and his team launched the time-tested strategy in a fund format, as a Danish alternative investment fund named Asset Opportunities.
How Two Private Credit Pros Assess the New Landscape (Preqin)
With so much turmoil in the world today, we checked in with some pros from the realm of private credit who can help us better understand the changing macro environment, and how they’re adapting to it. We turned to PineBridge Investments’ Private Credit team Head of Capital Markets, Joe Taylor, and Doug Lyons, Head of Origination. PineBridge is an institutional asset manager with approximately $141bn in AUM, and the Private Credit team focuses on direct lending to businesses in the lower middlemarket, with an average entry-level EBITDA of around $20mn.
Aftershocks: 3AC’s Collapse Reverberates through Crypto Ecosystem (Nikkei Asia)
SINGAPORE — On a white, pristine wall of an office unit in downtown Singapore hangs a reproduction of “The Golden Goose” — a piece by Canadian artist Dmitri Cherniak, who mints virtual works as non-fungible tokens that give their owners the deeds to items on blockchain. It can be seen behind the opaque door leading into the offices of Three Arrows Capital, overlooking a conference room with neatly potted plants.
Friday 9/2 Insider Buying Report: CABO, DBRG (Nasdaq.com)
On Monday, Cable One’s Director, Thomas Sinnickson Gayner, made a $588,875 buy of CABO, purchasing 500 shares at a cost of $1177.75 each. Cable One is trading off about 1.2% on the day Friday. Before this latest buy, Gayner bought CABO at 3 other times during the past twelve months, for a total cost of $6.58M at an average of $1290.20 per share. And on Wednesday, CEO Marc C. Ganzi purchased $498,224 worth of DigitalBridge Group, purchasing 27,943 shares at a cost of $17.83 a piece. DigitalBridge Group is trading up about 1.7% on the day Friday. So far Ganzi is in the green, up about 5.2% on their buy based on today’s trading high of $18.76.
President and CEO Of Lancaster Colony Makes $2.47M Sale (Benzinga)
David Alan Ciesinski, President and CEO at Lancaster Colony (LANC), reported a large insider sell on August 31, according to a new SEC filing. What Happened: A Form 4 filing from the U.S. Securities and Exchange Commission on Wednesday showed that Ciesinski sold 14,431 shares of Lancaster Colony. The total transaction amounted to $2,467,955.
