The UK Fund Managers that beat Warren Buffett (IFA Magazine)
Laith Khalaf, financial analyst at AJ Bell, shares his analysis on which UK Fund Managers have outperformed Warren Buffett. The Berkshire Hathaway AGM is undoubtedly the biggest investor event in the world, attracting almost 40,000 attendees last time it was hosted in Omaha, in 2019. This year, it will be livestreamed to the world, and is sure to be poured over by tens of thousands of investors, all tuning in to hear some pearls of folksy wisdom from the Oracle of Omaha.
US Hedge Fund Tycoon Pushes for Abraham Accords-Style Deals (The National News)
New York hedge fund billionaire Jeffrey Talpins has backed a push for more Abraham Accords-style normalisation deals between Israel and its Arab neighbours. The Atlantic Council think tank in Washington on Monday announced a “major expansion” of its work on Middle East peace thanks to support from the Jeffrey M Talpins Foundation.
‘AWS for Blockchains’ Alchemy Closes $80M Funding Round at $505M Valuation (Coin Desk)
Alchemy powers most of DeFi and almost all the big NFT platforms. The round was co-led by Coatue Management. Alchemy’s ubiquitous infrastructure and developer platform has grown since its public launch eight months ago to reach a $505 million valuation, CEO Nikil Viswanathan said in an interview. The round was co-led by Coatue Management, the tech investment manager led by hedge fund maven Philippe Laffont. Coatue also led a $305 million funding round in March for Dapper Labs, one of Alchemy’s clients.
Pixabay/Public Domain
A Hedge Fund Knocks Back the French Billionaire Establishment (Bloomberg)
A hedge fund challenging the French establishment for control of Lagardere SCA has notched up a victory with the help of billionaire investor Vincent Bollore. But the fight over the media and retail company is far from over, even if Chief Executive Officer Arnaud Lagardere now faces an uphill battle to prevent a breakup of the company that bears his name. ivendi SA, a French media group controlled by Bollore, teamed up with the hedge fund Amber Capital U.K. LLP last year to push for governance changes at Lagardere, which Arnaud controls through an antiquated partnership structure despite owning just 7% of the stock.
PriorNilsson Overcomes Cyberattack (Hedge Nordic)
Stockholm (HedgeNordic) – Swedish asset manager PriorNilsson Fonder has been dealing with a cyberattack that knocked out its e-mail server and back-office system, which forced the asset manager to suspend the buying and selling of fund units for about a week. PriorNilsson’s funds, which collectively had over SEK 11 billion under management at the end of March, are now open for trading again.
Hedge Fund Manager Dan Niles is Short Tesla, But is Betting on Electric Vehicles with this Stock (CNBC)
Hedge fund manager Dan Niles said Tuesday that there are smarter ways to play the boom in electric vehicles than buying Tesla. Niles, who runs the Satori Fund, told CNBC’s “Tech Check” that he has a short bet against Tesla based on the stock’s valuation and was bullish on the electric vehicle industry overall. Shares of Tesla were down 3% in midday trading after the company reported earnings on Monday night.
Hedge Funds Off the Pace on ESG Integration, New BFinance Investor Poll Finds (Hedge Week)
Hedge funds are falling behind other sectors such as private equity and real estate when it comes to integrating ESG factors into their portfolios. But that tardiness may prove beneficial in avoiding other sectors’ earlier mistakes, as managers slowly adopt sustainability principles in the future, according to a new bfinance study. The survey of 256 investors – including pension funds, insurance companies, foundations, endowments, and family offices – explored their priorities and practices, as well as the challenges faced, when it comes to ESG (environmental, social and governance) and sustainable investing.
Deutsche Bank Ducks Archegos Hit, Posts Best Profits Since 2014 (Macau Business)
Germany’s largest lender Deutsche Bank reported its best quarterly profits for seven years on Wednesday, after it avoided being dragged into the collapse of US hedge fund Archegos that has inflicted deep pain on rivals. Deutsche reported better-than-expected net profits for the January to March period of 908 million euros ($1.10 billion), compared with a 43-million-euro loss a year earlier.
Venture Capital Investors Go for the Sure Bet (Preqin)
Venture capitalists in North America closed a record $71bn in deals in the first quarter as a post-COVID future moves closer to reality. North American venture capital was strong off the blocks in the first quarter of 2021, with more than $71bn (Fig. 1) in funds deployed, already half of 2020’s total. But why now? Perhaps investors are betting on a US economic recovery to pre-pandemic levels, or maybe even stronger.
Wednesday 4/28 Insider Buying Report: RAIN, BANC (Nasdaq.com)
At Rain Therapeutics, a filing with the SEC revealed that on Tuesday, Director Franklin M. Berger bought 125,000 shares of RAIN, at a cost of $16.95 each, for a total investment of $2.12M. Bargain hunters can buy RAIN at a price even lower than Berger did, with shares changing hands as low as $16.11 at last check today — that’s 5.0% below Berger’s purchase price. Rain Therapeutics is trading up about 5.8% on the day Wednesday. And also on Tuesday, PRESIDENT AND CEO Jared M. Wolff purchased $99,413 worth of Banc Of California, purchasing 5,600 shares at a cost of $17.75 each. Before this latest buy, Wolff made one other purchase in the past twelve months, buying $115,000 shares for a cost of $11.50 a piece. Banc Of California is trading up about 1.1% on the day Wednesday.
Sebi Bans 3 Entities in Infibeam Avenues Insider Trading Case (Money Control)
Regulator Sebi has barred three entities from the capital markets for one year for indulging in insider trading in the shares of Infibeam Avenues Ltd (IAL). The entities facing ban are Shah Dhiren Mahendrakumar (HUF), Amee Dhiren Shah and Affluence Fincon Service (P) Ltd, according to a final order passed by Sebi on on April 28. In addition, they have been restrained from buying, selling or otherwise dealing in securities of IAL directly or indirectly, in any manner for a period of two years.
‘Insider Trading’ in Biodiversity Offsets must be Investigated (Mirage News)
Revelations by The Guardian showing land in western Sydney was sold as biodiversity offsets for millions of dollars more than what it was bought for by individuals who worked for the environmental consultancy recommending the offsets, essentially amounts to insider trading and must be urgently investigated, says Greens MP and environment and wildlife spokesperson Cate Faehrmann.
Nucor Corp (NUE) COO David A Sumoski Sold $5.3 million of Shares (Guru Focus)
COO of Nucor Corp, David A Sumoski, sold 65,789 shares of NUE on 04/27/2021 at an average price of $80.56 a share. The total sale was $5.3 million.
The Pres-Clinical Operations & CMO of HCA Healthcare (NYSE: HCA) is Selling Shares (Analyst Ratings)
Yesterday, the Pres-Clinical Operations & CMO of HCA Healthcare (HCA), Jonathan Perlin, sold shares of HCA for $5M. Following Jonathan Perlin’s last HCA Sell transaction on February 20, 2018, the stock climbed by 102.6%. Based on HCA Healthcare’s latest earnings report for the quarter ending March 31, the company posted quarterly revenue of $13.98 billion and quarterly net profit of $1.42 billion. In comparison, last year the company earned revenue of $12.86 billion and had a net profit of $581 million. The company has a one-year high of $205.58 and a one-year low of $91.21. The Company has a Price to Book ratio of 276.23.
