The Chelsea Bidders: The Ricketts Family and Ken Griffin – Proven, Ready But Unpopular (The Athletic)
There are four bids shortlisted to take over Chelsea from Roman Abramovich, led by Todd Boehly, David Blitzer and Josh Harris, the Ricketts family and Ken Griffin, and Stephen Pagliuca. The Raine Group, the New York-based bank running the selling process, is aiming to complete their section of the deal by the end of April, at which stage they will take their preferred bidder to the government and Premier League.
Why Tougher Crypto Regulation Led This Fund to Back Blockchain Startups (Financial News)
As watchdogs tighten the net around crypto, regulatory-driven investment strategies are searching for firms that can stand up to the pressure. EJF invested in Aptos on the back of expectations that increased scrutiny around tokens and stablecoins will benefit the blockchains with the biggest focus on regulatory processes Andre M. Chang/Alamy. Every investor wants to know which way the regulatory wind will blow. As watchdogs tighten their grip on digital assets, new opportunities might actually be emerging. Some funds are looking at early-stage crypto startups that could see new regulations play into their hands.
Why Weiss’s Jordi Visser Thinks the S&P 500 Will Hit All-Time Highs This Year (Institutional Investor)
It’s easy to see why even the most experienced investors and market strategists are bearish about the markets. But hedge fund manager Jordi Visser argues that the S&P 500 will hit new highs this year, despite Russia’s bloody war in Ukraine and the Federal Reserve’s increasingly hawkish stance on interest rates. While not discounting he human cost of the Ukraine invasion or the grisly prospect of a wider war, Visser said, “when World War III is a highly searched trend, it’s not the time to be bearish.” Visser, president and CIO of $4 billion Weiss Multi-Strategy Advisers, said one gauge he looks at to forecast recessions is the 200-day moving average of the S&P.
Cathie Wood’s Ark Invest Sells $205 Million In Tesla Stock – Buys Crypto, Gaming And Streaming Shares (Forbes)
In her first Tesla sales since January, famed stock-picker Cathie Wood, the CEO of investment firm Ark Invest, has offloaded a massive stake in the electric-vehicle maker helmed by Elon Musk over the past week, dumping more than $200 million in shares to instead splurge on recently struggling stocks like Coinbase, Zoom and Roblox, which have plummeted as much as 50% this year.
Wednesday 3/30 Insider Buying Report: BCSF, BNED (Nasdaq.com)
At Bain Capital Specialty Finance, a filing with the SEC revealed that on Friday, Director Thomas A. Hough purchased 6,272 shares of BCSF, at a cost of $15.94 each, for a total investment of $99,974. Bargain hunters can pick up BCSF even cheaper than Hough did, with the stock changing hands as low as $15.50 in trading on Wednesday — that’s 2.8% under Hough’s purchase price. Bain Capital Specialty Finance is trading up about 1.6% on the day Wednesday. And at Barnes & Noble Education, there was insider buying on Friday, by Director David G. Golden who purchased 21,818 shares at a cost of $4.00 each, for a total investment of $87,272. Barnes & Noble Education is trading down about 5% on the day Wednesday. Bargain hunters can grab BNED at a price even lower than Golden did, with shares trading as low as $3.61 in trading on Wednesday — that’s 9.8% below Golden’s purchase price.
Executives Sell Over $18M Of 3 Stocks (Benzinga)
Broadcom: The Trade: Broadcom Inc. (NASDAQ: AVGO) Chief Legal & Corp Affairs Ofc Mark Brazeal sold a total of 11,214 shares at an average price of $610.00. The insider received around $6.84 million from selling those shares. Dell Technologies: The Trade: Dell Technologies Inc. (NYSE: DELL) Pres., Glob. Sales & Cust. Ops William Scannell sold a total of 162,314 shares at an average price of $53.76. The insider received around $8.73 million from selling those shares.
