Coffey’s Kirkoswald to Open Singapore Office (Hedge Week)
Singapore continues to attract new high-profile hedge fund business with Greg Coffey’s Kirkoswald Asset Management the latest firm to announce plans to open an office in the city-state, according to a report by Bloomberg. The report cites a Singapore Commercial Credit Bureau document as revealing that the New York-based macro hedge fund firm registered a local Singapore entity in April. Kirkoswald, which according to a US Securities and Exchange Commission filing oversaw $7.6 billion of regulatory assets at the end of January, follows Rokos Capital Management in establishing a presence in Singapore.
Viking Gained, Light Street Lost in October (Institutional Investor)
Viking has outperformed most of the other Tiger-related funds this year. Viking Global Investors bucked the Tiger crowd last month, posting a gain in October and moving even closer to finishing the year in the black.The hedge fund firm’s long-short fund, Viking Global Equities, rose by 1.1 percent in October, trimming its loss for the year to just 4.6 percent.
Friday 11/11 Insider Buying Report: CABO, TLS (Nasdaq.com)
At Cable One, a filing with the SEC revealed that on Wednesday, Director Thomas Sinnickson Gayner bought 10,000 shares of CABO, for a cost of $656.86 each, for a total investment of $6.57M. Gayner was up about 5.7% on the purchase at the high point of today’s trading session, with CABO trading as high as $694.39 in trading on Friday. Cable One is trading up about 5.7% on the day Friday. Before this latest buy, Gayner bought CABO at 6 other times during the past twelve months, for a total cost of $8.27M at an average of $1252.95 per share. And at Telos, there was insider buying on Thursday, by Director Fredrick Schaufeld who purchased 250,000 shares for a cost of $3.63 each, for a trade totaling $907,500. This buy marks the first one filed by Schaufeld in the past twelve months. Telos is trading up about 23.8% on the day Friday. So far Schaufeld is in the green, up about 32.0% on their buy based on today’s trading high of $4.79.
$4 Million Bet On Boeing? Check Out 4 Stocks Insiders Are Buying (Benzinga)
Boeing Company: The Trade: The Boeing Company (BA) President and CEO David Calhoun acquired a total of 25,000 shares an average price of $158.88. To acquire these shares, it cost around $3.97 million. CME Group: The Trade: CME Group Inc. (CME) Director William R Shepard acquired a total of 48,705.8 shares at at an average price of $170.06. To acquire these shares, it cost around $8.28 million.
Drugmaker Mylan’s CIO Charged in Insider Trading Scheme (Bloomberg Law)
Ramkumar Rayapureddy, the chief information officer of drugmaker Mylan N.V., has been charged with one count of conspiracy to commit securities fraud and three counts of securities fraud, the Department of Justice said Thursday. Rayapureddy allegedly conspired with Dayakar Mallu, a former colleague, to execute trades in the company’s securities using nonpublic inside information concerning Food and Drug Administration drug approvals and financial earnings, the DOJ said. If convicted, Rayapureddy could receive a maximum penalty of 20 years in prison for each of the securities fraud charges and five years in prison for the conspiracy charge, the DOJ said.
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