Billion-Dollar Hedge Fund Start-Ups Rise to Pre-Pandemic Levels (AFR.com)
The biggest new hedge funds are raising more money, at levels not seen since before the pandemic, and the 2024 crop could include one of the largest start-ups in years. At least four new firms are poised to eclipse $US1 billion ($1.5 billion) by year-end, collectively bringing in at least $US6.5 billion from investors, according to people with knowledge of the fundraising activities.
Former BlackRock Global Equities Head Running Crypto Fund (Blockworks.co)
Old Street Digital, a London crypto asset manager that has quietly assembled a team chock full of deeply credentialed investment veterans, has hit a snag: raising the kind of institutional capital its traders are used to trading. Old Street Digital (OSD) has less than $10 million of assets under management — a drop in the financial bucket from what OSD Chief Investment Officer Gary Clarke handled at BlackRock, where he headed up the traditional finance giant’s global equity team.
DeFi Protocol Thetanuts Finance Raises $17M for Expansion, New Partnerships (CoinDesk)
Decentralized-finance platform Thetanuts Finance has closed a $17 million funding round led by Polychain Capital, Hyperchain Capital and Magnus Capital. The funding will help the company create new partnerships with layer 1 and layer 2 networks, liquidity providers, blockchain foundations, market makers and exchanges. The funding round comes as the industry continues to slowly climb out of the crypto winter deep freeze that nearly stalled the investment landscape.
Monday 4/24 Insider Buying Report: USGO, ARL (Nasdaq.com)
At U.S. Goldmining, a filing with the SEC revealed that on Wednesday, Director Alastair Charles Still purchased 7,600 shares of USGO, at a cost of $10.00 each, for a total investment of $76,000. Investors can bag USGO even cheaper than Still did, with shares trading as low as $8.96 at last check today which is 10.4% under Still’s purchase price. U.S. Goldmining is trading down about 1.4% on the day Monday. This buy marks the first one filed by Still in the past year. And at American Realty Investors, there was insider buying on Wednesday, by Director Bradford A. Phillips who bought 2,000 shares for a cost of $20.00 each, for a trade totaling $40,000. Before this latest buy, Phillips bought ARL at 2 other times during the past year, for a total cost of $66,753 at an average of $15.47 per share. American Realty Investors is trading up about 2.4% on the day Monday. Bargain hunters are able to pick up ARL at a price even lower than Phillips did, with shares changing hands as low as $18.00 in trading on Monday which is 10.0% below Phillips’s purchase price.
Citigroup, Dell And 2 Other Stocks Insiders Are Selling (Benzinga)
AbbVie: The Trade: AbbVie Inc. (ABBV) SVP, US Commercial Operations Elaine K Sorg sold a total of 7,499 shares at an average price of $161.67. The insider received around $1.21 million from selling those shares. Dell Technologies: The Trade: Dell Technologies Inc. (DELL) Chief Accounting Officer Brunilda Rios sold a total of 22,042 shares at an average price of $43.78. The insider received around $965 thousand from selling those shares.
