Odey Was Cleared of Sexual Assault. Now Other Accusations Emerge (Bloomberg)
For years, Crispin Odey has been tabloid fodder for everything from his support of Brexit to his conspicuous lifestyle. He’s sparked outrage shorting the pound. He’s been mocked for his predictions of doom in the midst of the longest bull market in history. Yet even for Britain’s most visible hedge fund manager, the recent public scrutiny has been blistering. The 62-year-old has been battling accusations that he sexually assaulted a young banker more than two decades ago after inviting her back to his apartment.
Alcur is Reinforcing (Hedge Nordic)
Stockholm (HedgeNordic) – Swedish asset manager Alcur Fonder has recruited Petter Mattsson as its Chief Operating Officer (COO). Mattsson joins Alcur Fonder from Fondbolagens förening, the Swedish Investment Fund Association. “Petter joins as the company’s COO and will work with operational and legal issues at ALCUR FONDER,” writes the Stockholm-based asset manager in an announcement. “We are very happy that Petter has chosen to work with us. Warm welcome Petter!” Mattsson joins Alcur Fonder from Fondbolagens förening, where he worked as a lawyer focused on a number of different issues related to UCITS, the Alternative Investment Fund Managers Directive (AIFMD), and Sustainable Finance.
Insider Trading: March 22, 2021 (BIV.com)
Insider Barbara Hislop, director. Company: Canfor Corp. (TSX:CFP). Shares owned: 1,080,861. Trade date: March 8. Trade total: $4,491,854. Trade: Sale of 168,800 shares at prices from $26.60 to $26.70 per share. Insider Pierre Lassonde, 10% owner. Company: Rubicon Organics Inc. (TSX-V:ROMJ). Shares owned: 3,677,674. Trade date: March 8, 9. Trade total: $1,825,000. Trade: Acquisition of 600,000 shares at prices from $3.00 to $3.05 per share.
The Past Week’s Notable Insider Buys Include Coupang, Keurig Dr Pepper, IPOs And More (Benzinga)
Prometheus Biosciences Inc (RXDX) saw several insiders, including 10% owners, directors and an officer, acquire over $54.23 million worth of shares last week. That was more than 2.85 million shares of this San Diego-based biotech at the initial public offering price of $19 per share. A beneficial owner at pharmaceutical company Innoviva Inc (INVA) stepped up to the buy window midweek. That owner indirectly added more than 4.85 million shares to its stake, bringing it to over 6.15 million. At prices that averaged $3.25 per share, the transaction totaled nearly $13.93 million. A group of directors and executives took advantage of a public offering of Merchants Bancorp (MBIN) stock. Altogether, they purchased 202,400 shares of this Indiana-based bank holding company. At $25 per share, that added up around $5.06 million. The bank has hiked its dividend as well.
Coupa Software Inc (COUP) CEO Robert Bernshteyn Sold $12.7 million of Shares (Guru Focus)
CEO of Coupa Software Inc, Robert Bernshteyn, sold 50,000 shares of COUP on 03/17/2021 at an average price of $254.29 a share. The total sale was $12.7 million. Coupa Software Inc is a US-based firm that offers spend management solutions through the Software-as-a-Service business model. The company primarily offers cloud-based spend management platforms through various applications to its clients.
Fake Insider Trading Is Illegal Too (Bloomberg)
Fake insider trading: Let’s say that you are on the dark web looking for material nonpublic information about public companies, as one does on the dark web. You encounter a guy. He tells you that his name is “MillionaireMike” and he has a hot tip about a company. “This is from my buddy on the inside,” he tells you. You are intrigued. You arrange a small test trade. It works; things look promising. “Okay,” you say, “I will trade on your inside information, and we’ll split the profits.” MillionaireMike comes to you with a can’t-miss tip.
The Chairman of Liberty Gold (Other OTC: LGDTF) is Selling Shares (Analyst Ratings)
Today, the Chairman of Liberty Gold (LGDTF), Mark Gerard O’dea, sold shares of LGDTF for $476.5K. In addition to Mark Gerard O’dea, 2 other LGDTF executives reported Sell trades in the last month. Currently, Liberty Gold has an average volume of 178.75K. The company has a one-year high of $1.82 and a one-year low of $0.42. The Company has a Price to Book ratio of 7.62.
