Top Hedge Fund Gains 400% as China Battles Commodity Prices (Bloomberg)
When China’s government started paying more attention to surging commodity prices a few months back, hedge fund manager Richard Lee’s trading models told him a correction was imminent. Inventories of reinforced steel bars, a key construction material, started rising before the arrival of the summer slow season, and China’s State Council had warned repeatedly on price increases, he said in an interview.
Some Hedge Funds Stick with Reflation Trade Despite Bond Position Pain (HellenicShippingNews.com)
Some hedge funds are holding onto their bets against Treasuries even after a sharp U.S. government bond rally bruised bearish investors earlier this week. Leveraged funds were net short several longer-dated maturities of Treasuries in futures markets, the latest data from the Commodity Futures Trading Commission showed last week. This potentially left them vulnerable to the bond rally as some market participants exited the so-called reflation trade on concerns that U.S. growth will slow in the second half of the year.
The Shareholder of IMV (NASDAQ: IMV) is Buying Shares (Analyst Ratings)
Today, the Shareholder of IMV (IMV), Fonds De Solidarité Ftq, bought shares of IMV for $2.5M. This recent transaction increases Fonds De Solidarité Ftq’s holding in the company by 12% to a total of $18.05 million. This is Ftq’s first transaction since reporting a Buy transaction on MIST back in January 2020. The company has a one-year high of $5.73 and a one-year low of $1.31. Currently, IMV has an average volume of 190.27K.
Hedge Funder Buys Allison Island Spec Home for $14M (The Real Deal)
Spec home developer James Curnin sold a waterfront Allison Island home to hedge fund manager Adam Wyden for $13.9 million, The Real Deal has learned. Curnin sold the 7,000-square-foot, six-bedroom house at 6431 Allison Road in Miami Beach to Wyden, who heads his investment firm ADW Capital. Curnin is the great-grandson of developer Jack Parker.
Oak Street Health Inc (OSH) CEO Michael T Pykosz Sold $10.7 million of Shares (Guru Focus)
CEO of Oak Street Health Inc, Michael T Pykosz, sold 185,000 shares of OSH on 07/20/2021 at an average price of $57.63 a share. The total sale was $10.7 million.
Ex-Barclays Tax Trader Mannan Emerges at Hedge Fund Autonomy (Bloomberg Quint)
(Bloomberg) — Sadat Mannan, who led a desk at Barclays Plc that made hundreds of millions of dollars from tax-avoiding transactions before leaving last year, has found a new booming market at hedge fund Autonomy Capital Research LLP. Mannan, 41, helps lead the fund’s trading in derivatives linked to carbon, where prices have soared in Europe this year, according to people familiar with the matter. He quietly joined the firm last year and also serves as treasurer, reporting to Chief Investment Officer Robert Gibbins and Chief Executive Officer Ivan Ritossa, the people said. Jonathan Gasthalter, an external spokesman, declined to comment.
