Hedge Fund Backed Databricks Cuts Its Valuation (Institutional Investor)
Five high-profile hedge fund firms or their VC arms have made multiple investments in the company. Another highly valued private company with heavy hedge fund ownership has marked down its valuation. Databricks has cut its internal share price by 7 percent to $55.77 from $59.95 a year ago, according to The Information, citing a person familiar with the matter.
UK Hedge Funds Still on the Lookout for Top Talent Despite Tough Market Conditions (Hedge Week)
Despite tough market conditions leading to job cuts in some sectors of the financial services industry, UK hedge funds are still on the lookout for top talent, according to a report by Financial News London. And the they’re spreading the recruitment net wide with ‘shopping’ lists that include everyone from technology graduates to portfolio managers. Brevan Howard is currently recruiting for 12 positions, including a quantitative developer, portfolio financing analyst, and software developer, are among the 12 current open positions at Brevan Howard according to the company’s LinkedIn page, while in September the firm appointed Kevin Gage as its new chief technology officer (CTO).
Tuesday 10/25 Insider Buying Report: LMT, CCI (Nasdaq.com)
At Lockheed Martin, a filing with the SEC revealed that on Thursday, Director John Donovan purchased 568 shares of LMT, for a cost of $441.43 each, for a total investment of $250,732. So far Donovan is in the green, up about 4.8% on their buy based on today’s trading high of $462.57. Lockheed Martin is trading up about 0.1% on the day Tuesday. Before this latest buy, Donovan purchased LMT on 2 other occasions during the past year, for a total investment of $500,603 at an average of $417.17 per share. And at Crown Castle, there was insider buying on Friday, by Director Matthew Thornton III who purchased 1,215 shares for a cost of $123.78 each, for a trade totaling $150,398. Crown Castle is trading up about 3.6% on the day Tuesday.
Around $60 Million Bet On DICE Therapeutics? 3 Stocks Insiders Are Buying (Benzinga)
DICE Therapeutics: The Trade: DICE Therapeutics, Inc. (DICE) Director Rajeev Shah acquired a total of 1,640,000 shares an average price of $36.50. To acquire these shares, it cost around $59.86 million. Rocket Companies: The Trade: Rocket Companies, Inc. (RKT) CEO Jay Farner bought a total of 86,800 shares at an average price of $6.90. To acquire these shares, it cost around $599.27 thousand.
Hedge Fund Manager Komey Tetteh Uses Life Lessons To Benefit In Financial Markets (AmericaDailyPost.com)
Freelance Hedge Fund Manager Komey Tetteh rose to great heights in career from humble beginnings. The genius used the available average tools to bring forth extraordinary results in the financial markets. Today the hedge fund manager provides trading services for hedge funds with more than 100 million capital under management. Though most of the hedge fund managers work for an organization, Tetteh prefers freelance work as it adds value to existing funds due to his additional strategies planned for the clients.
