Capital Pilot Launches Systematically Driven Venture Capital Fund, Boost Fund I (Opalesque.com)
Capital Pilot, a startup investor relations platform and trading brand of Capnova Limited has launched Boost Fund I, the UK’s first automated high-volume investment fund for high-growth UK startups. Established as a Jersey Private Fund, Boost Fund I invests in UK startups, assessing each potential portfolio company using Capital Pilot’s Investability Rating System, said a press release from the investment manager. “Boost Fund I is sector agnostic and plans to complete 100 equity investments in less than six months,” it said.
SS&C GlobeOp Hedge Fund Performance Index and Capital Movement Index (PRNewswire)
SS&C GlobeOp Hedge Fund Performance Index: June performance 0.00%. Capital Movement Index: July net flows decline -0.12%. WINDSOR, Conn., July 15, 2022 /PRNewswire/ — SS&C Technologies Holdings, Inc. (Nasdaq: SSNC) today announced that the gross return of the SS&C GlobeOp Hedge Fund Performance Index for June 2022 measured 0.00%. Hedge fund flows as measured by the SS&C GlobeOp Capital Movement Index declined -0.12% in July. “SS&C GlobeOp’s Capital Movement Index for July 2022 of -0.12% should be viewed as a strong result in light of the seasonality of capital flows, which tend to run negative during the month. On a comparative basis, the -0.12% reflects decreased net outflows versus the -0.39% reported a year ago and is also the lowest level of July net outflows since 2011,” said Bill Stone, Chairman and Chief Executive Officer, SS&C Technologies.
Hedge Fund That Apologized for China Losses Rebounds 17% in June (Bloomberg)
Brilliance Asset Management’s hedge funds scored double-digit gains in June as Chinese stocks rebounded, partially recovering from a stretch of losses that led to an apology from the firm’s founder last year. The flagship Brilliant Partners Fund surged 17% in June, narrowing the first-half loss to 14%, said two people with knowledge of the matter. The smaller Brilliance China Core Long Short Fund rose 21% during the month, reducing declines to 16% in the first six months, according to data collected by Bloomberg. Both outperformed the benchmark China stock index in the month.
Friday 7/15 Insider Buying Report: SONM, VOXX (Nasdaq.com)
On Wednesday, Sonim Technologies’ Chief Executive Officer, Hao Peter Liu, made a $800,000 purchase of SONM, buying 952,381 shares at a cost of $0.84 each. Bargain hunters are able to buy SONM at a price even lower than Liu did, with the stock changing hands as low as $0.70 at last check today — that’s 16.4% under Liu’s purchase price. Sonim Technologies is trading up about 21.6% on the day Friday. And also on Wednesday, CEO Patrick M. Lavelle bought $256,892 worth of Voxx International, buying 40,000 shares at a cost of $6.42 each. Before this latest buy, Lavelle purchased VOXX at 3 other times during the past year, for a total cost of $39,795 at an average of $7.96 per share. Voxx International is trading up about 9.4% on the day Friday. Lavelle was up about 12.1% on the buy at the high point of today’s trading session, with VOXX trading as high as $7.20 in trading on Friday.
Around $12 Million Bet On Sonim Technologies? 4 Penny Stocks Insiders Are Buying (Benzinga)
Quest Resource Holding: The Trade: Quest Resource Holding Corporation (QRHC) 10% owner Joshua Landes acquired a total of 10,000 shares at an average price of $4.09. To acquire these shares, it cost around $40.93 thousand. ProtoKinetix: The Trade: ProtoKinetix, Incorporated (PKTX) President and CEO Clarence E. Smith acquired a total of 2,666,667 shares at an average price of $0.03. The insider spent $80 thousand to buy those shares.
