A Top Brazilian Hedge Fund is Betting on Gold After Russian Sanctions (Mining.com)
One of Brazil’s largest hedge fund managers is betting on rising prices for precious metals after the U.S. and other allies imposed financial sanctions on Russia in response to its invasion of Ukraine, including the freezing of certain central bank assets. SPX Capital, which manages about 64 billion reais ($12.7 billion), built a long position in precious metals, especially gold, during the past few weeks, Ylan Adler, a partner and head of commodities at the firm, said in an interview.
Hedge Fund Industry Grows Assets to R86.93 Billion in an Environment of Fund Consolidation and Regulatory Constraints (FA News)
The South African hedge fund industry ended 2021 with assets under management of R86.93 billion. This represents a healthy growth in assets of R13.66 billion over the 12-month period. The annual hedge fund statistics released today by the Association for Savings and Investment South Africa (ASISA) show that the nearly 19% growth in assets was achieved in spite of further consolidation and closure of funds, which reduced the number of hedge funds from 233 at the end of 2020 to 216 at the end of 2021.
SS&C GlobeOp Hedge Fund Performance Index and Capital Movement Index (PR Newswire)
WINDSOR, Conn., March 14, 2022 /PRNewswire/ — SS&C Technologies Holdings, Inc. (Nasdaq: SSNC) today announced that the gross return of the SS&C GlobeOp Hedge Fund Performance Index February 2022 measured -0.99%. Hedge fund flows as measured by the SS&C GlobeOp Capital Movement Index advanced 0.41% in March. “SS&C GlobeOp’s Capital Movement Index rose 0.41% in March 2022, indicating positive net flows into hedge funds. The result was slightly lower than the year-ago reading of 0.61% but was still closely in line with the favorable trend of recent years,” said Bill Stone, Chairman and Chief Executive Officer, SS&C Technologies. “The March 2022 reading of 0.41% for the Capital Movement Index should be viewed as a strong result, particularly with concerns over Federal Reserve policy and international tensions dominating the past month’s market news.”
6 Questions for Joe DiPasquale of BitBull Capital (Coin Telegraph)
Joe DiPasquale is CEO of BitBull Capital, which has managed crypto hedge funds since 2017. Joe founded BitBull because he believes in active management in crypto investments. He has been an investor for 10 different crypto hedge funds, in addition to having run his own active strategies since 2013. Previously, Joe worked in investment management, investment banking, technology and strategy consulting at Deutsche Bank, Bain and McKinsey. He received his BA from Harvard University and MBA from Stanford University. BitBull also runs BitBull Research, which regularly publishes its “Crypto Investing Newsletter,” available with a free subscription on BitBull’s website, as well as its “Opportunistic Deals Memo,” available only to investors.
Monday 3/14 Insider Buying Report: SGMS, BLI (Nasdaq.com)
At Scientific Games, a filing with the SEC revealed that on Thursday, Hamish McLennan bought 18,000 shares of SGMS, for a cost of $58.63 each, for a total investment of $1.06M. Scientific Games is trading down about 1.5% on the day Monday. Before this latest buy, McLennan made one other purchase in the past twelve months, buying $728,712 shares for a cost of $55.00 a piece. And also on Thursday, Director Jessica Hopfield bought $502,400 worth of Berkeley Lights, buying 80,000 shares at a cost of $6.28 each. Berkeley Lights is trading up about 9.9% on the day Monday. Bargain hunters are able to bag BLI even cheaper than Hopfield did, with the stock trading as low as $5.41 in trading on Monday — that’s 13.9% under Hopfield’s purchase price.
Insider Trading: March 14, 2022 (BIV.com)
Insider Anna Maria Tudela, director. Company: Gunpoint Exploration Ltd. (TSX-V:GUN). Shares owned: 30,000. Trade date: February 28. Trade total: $1,140,000. Trade: Acquisition of 1,530,000 shares at prices from $0.50 to $0.75 per share. Insider Ann Margaret Fandozzi, director. Company: Ritchie Bros Auctioneers Inc.(TSX:RBA). Shares owned: 12,053. Trade date: February 28. Trade total: US$499,510. Trade: Acquisition of 9,560 shares at a price of US$52.25 per share.
