$730M Loan Bundle Funds Slew of NYC Projects (The Real Deal)
A Ladder Capital subsidiary will oversee the sale of $730 million in collateralized loan obligations, some of which will help fund three midsized development projects in the city. Of those, $55 million will go to billionaire hedge funder Robert Mercer’s industrial project in Ridgewood, Queens, which he owns with his son-in-law George Wells and Ryder Washburn, a prop-gun supplier to film and television productions.
Crypto Startup MoonPay Valued at $3.4 bln After Latest Funding Round (Reuters)
Nov 22 (Reuters) – Cryptocurrency startup MoonPay has raised fresh capital from investors led by Tiger Global Management and hedge fund Coatue at a valuation of $3.4 billion, becoming the latest venture to capitalize on sky-high investor demand for rapidly growing companies in the sector. The company said on Monday it had raised $555 million in a Series A funding round that also saw participation from Blossom Capital, Thrive Capital, Paradigm and NEA.
Alt Fund Managers Reveal Investment Plans for 2022: EY Survey (Think Advisor)
The alternative funds industry has deftly navigated pandemic-related disruption and uncertainties, and firms are now considering issues that will transform the sector for years to come, according to a survey released Monday by EY. The research demonstrates the alternative industry’s resilience and the key transformations managers and investors are partnering to bring about, Natalie Deak Jaros, co-leader of EY Global Hedge Fund and assurance leader at Americas Wealth & Asset Management, said in a statement.
Friday 11/19 Insider Buying Report: RIVN, UEPS (Nasdaq.com)
On Monday, Rivian Automotive’s Director, Sanford Harold Schwartz, made a $663,000 purchase of RIVN, buying 8,500 shares at a cost of $78.00 each. Schwartz was up about 79.4% on the buy at the high point of today’s trading session, with RIVN trading as high as $139.90 at last check today. Rivian Automotive is trading up about 9.1% on the day Friday. This buy marks the first one filed by Schwartz in the past year. And at Net 1 UEPS Technologies, there was insider buying on Tuesday, by Group Chief Executive Officer Christopher G.B. Meyer who bought 104,520 shares at a cost of $5.62 each, for a total investment of $587,402. Before this latest buy, Meyer purchased UEPS on 2 other occasions during the past year, for a total cost of $71,243 at an average of $5.59 per share. Net 1 UEPS Technologies is trading down about 2.3% on the day Friday. Bargain hunters are able to pick up UEPS even cheaper than Meyer did, with shares trading as low as $4.99 at last check today — that’s 11.2% under Meyer’s purchase price.
The Chairman & Chief Executive Officer of Seabridge Gold (NYSE: SA) is Selling Shares (Analyst Ratings)
Yesterday, the Chairman & Chief Executive Officer of Seabridge Gold (SA), Rudi P Fronk, sold shares of SA for $2.03M. In addition to Rudi P Fronk, 2 other SA executives reported Sell trades in the last month. The company has a one-year high of $22.86 and a one-year low of $14.92. SA’s market cap is $1.57 billion and the company has a P/E ratio of -330.90. Currently, Seabridge Gold has an average volume of 261.05K.
Odonate Therapeutics Insider Sold Over $2.5M In Company Stock (Benzinga)
Aaron I Davis, Insider at Odonate Therapeutics (NASDAQ:ODT), made a large insider sell on November 19, according to a new SEC filing. What Happened: A Form 4 filing from the U.S. Securities and Exchange Commission on Friday showed that Davis sold 1,200,000 shares of Odonate Therapeutics at prices ranging from $1.84 to $2.23. The total transaction amounted to $2,499,948. Following the transaction, Davis still owns 4,607,086 shares of Odonate Therapeutics worth $7,832,046.00.
