Nordic CTAs Back to Winning Ways (Hedge Nordic)
Stockholm (HedgeNordic) – After giving back some gains in July, the best performing Nordic trend-following CTAs of the first half of 2022 are back to their winning ways. The broader CTA strategy group in the Nordics, however, edged up only 0.4 percent in August as Finnish funds dragged down the group’s performance. The Nordic CTA strategy category within the Nordic Hedge Index is the only category in the green this year with an advance of 4.3 percent in the first eight months of 2022.
Preqin 2022: Alternatives in Europe (Preqin)
Europe-focused private capital AUM has doubled in seven years, rising from €1.3tn in 2015 to reach €2.2tn at the close of 2021. Venture capital is doing particularly well, with COVID-driven innovation attracting investors to the region. However, while venture capital fundraising has held up, private equity fundraising to the end of June 2022 was €34bn, against €136bn across 2021.
Wednesday 9/7 Insider Buying Report: LAZR, MRVL (Nasdaq.com)
At Luminar Technologies, a filing with the SEC revealed that on Tuesday, Director Daniel David Tempesta bought 59,950 shares of LAZR, at a cost of $8.34 each, for a total investment of $500,253. Luminar Technologies Inc is trading up about 2.1% on the day Wednesday. And at Marvell Technology, there was insider buying on Friday, by Director Michael G. Strachan who bought 6,781 shares at a cost of $46.32 each, for a total investment of $314,096. This buy marks the first one filed by Strachan in the past twelve months. Marvell Technology is trading up about 0.5% on the day Wednesday. Bargain hunters can grab MRVL at a price even lower than Strachan did, with shares trading as low as $45.00 in trading on Wednesday which is 2.8% under Strachan’s purchase price.
ADP, Microsoft And 3 Other Stocks Insiders Are Selling (Benzinga)
Automatic Data Processing: The Trade: Automatic Data Processing, Inc. (ADP) Corp. VP John Ayala sold a total of 27,936 shares at an average price of $242.42. The insider received around $6.77 million from selling those shares. Microsoft: The Trade: Microsoft Corporation (MSFT) EVP, Chief Financial Officer Amy Hood sold a total of 75,351.395 shares at an average price of $259.47. The insider received around $19.55 million from selling those shares.
Kentucky Public Pensions Authority Releases Hedge Fund-of-Fund Report (Pensions&Investments)
Kentucky Public Pensions Authority, Frankfort, publicly released an investigative report Tuesday that it had commissioned to learn whether there were any improper or illegal activities related to hedge fund-of-fund investments. The report commissioned from law firm Calcaterra Pollack was completed in May 2021, and its public release Tuesday was the result of an Aug. 25 ruling by Franklin County Circuit Court Judge Phillip J. Shepherd that the report was not exempt from the Kentucky Open Records Act.
