Scaramucci’s SkyBridge Accelerates Its Move into Crypto with a Blockchain Partnership (CNBC)
SkyBridge Capital’s Anthony Scaramucci is stepping up his firm’s move into the cryptocurrency world, announcing on Monday a partnership aimed at expanding into the blockchain universe. The hedge fund is joining with trading platform NAX in a series of fundraising efforts, the first of which will seek to bring in up to $250 million.
‘Big Short’ Investor Michael Burry Offers an Inside Look at How his Iconic Bet Against the Housing Bubble Began (Business Insider)
Michael Burry, of “The Big Short” fame, reflected on the origins of his iconic bet against the US housing bubble, and praised a late colleague who helped him research the wager, in a tweet on Sunday. “When it all began…and RIP Joe,” the Scion Asset Management boss said. “A more brilliant one, I never met.” The investor shared a screenshot of an email he sent to one of his employees, Joe Sipley, on May 19, 2005. The email directed Shipley to analyze a list of mortgage-backed securities and pinpoint the riskiest ones – those linked to mortgages at high risk of default, but not priced to reflect that danger.
Bill Miller’s Multibillion-Dollar Hedge Fund Chooses Bitcoin Over Gold As Upside Potential For BTC Looks More Attractive (ZyCrypto)
Bitcoin as a fitting substitute for gold has been a point that many investors within and outside the crypto market have been upholding for a long period of time. Miller Opportunity Trust Fund reckons Bitcoin still has an edge over gold: Very recently, Miller Opportunity Trust which is a value fund headed by Billionaire Bill Miller has pointed out the significance of Bitcoin as digital gold, while affirming that it is not so late to step into the market at this time.
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Engine No. 1 Aims to Tie Company Valuations to Climate Impact (Reuters)
Sept 13 (Reuters) – Engine No. 1, which won an against-the-odds board challenge against Exxon Mobil Corp (XOM.N) earlier this year, is publishing a framework for investing on Monday that pushes for a value to be assigned to how corporate activities affect climate and society. The “total value framework” provides significant new insight into how the San Francisco-based firm, which has about $430 million in assets under management, picks companies to invest in. The framework was outlined exclusively to Reuters ahead of its publication.
50 South Capital, General Partner of ND Growth Fund, Expands Team (Business Wire)
FARGO, N.D.–(BUSINESS WIRE)– 50 South Capital Advisors, LLC, the general partner of the newly-formed North Dakota Growth Fund, recently named Kodee Furst a Director in its private equity group, enhancing the firm’s reach across North Dakota as it assists in the development of the state’s growing private capital ecosystem. Furst will source, evaluate and execute primary fund investments and direct investments in the private capital space, with a specific focus on North Dakota. She will also participate in fundraising and portfolio management activities.
The Pursuit of Perfect Neutrality (Hedge Nordic)
Stockholm (HedgeNordic) – Once every few years, a high-caliber Swedish money manager working in the world’s largest financial hubs of London and New York is returning to Sweden to start a new adventure on home turf. Jakob Nordestedt, who became a portfolio manager at the young age of 30 at HSBC in London and moved back to Stockholm in 2018, is now running a market-neutral strategy under the umbrella of Nordea Asset Management.
Brevan Howard Appoints Head of Crypto Venture Investments (Hedge Week)
Brevan Howard Asset Management LLP, a global alternative investment management platform, has appointed Colleen Sullivan, CEO and co-founder of CMT Digital, to lead the firm’s private and venture investment activities in crypto. Additionally, Sullivan is to chair the investment committee of a new strategy which will focus on the highly compelling and disruptive technologies in this asset class. Brevan Howard is also announcing the formation of BH Digital, a new division to manage cryptocurrency and digital assets.
Monday 9/13 Insider Buying Report: BHG, IMNM (Nasdaq.com)
On Wednesday, Bright Health Group’s, Manuel Kadre, made a $959,000 purchase of BHG, buying 100,000 shares at a cost of $9.59 each. Kadre was up about 6.5% on the buy at the high point of today’s trading session, with BHG trading as high as $10.21 in trading on Monday. Bright Health Group is trading up about 4.5% on the day Monday. Before this latest buy, Kadre bought BHG at 3 other times during the past twelve months, for a total cost of $692,025 at an average of $8.65 per share. And at Immunome, there was insider buying on Friday, by Director Michael Rapp who bought 45,950 shares for a cost of $18.07 each, for a trade totaling $830,449. Before this latest buy, Rapp bought IMNM on 3 other occasions during the past twelve months, for a total cost of $2.97M at an average of $15.59 per share. Immunome is trading up about 5.9% on the day Monday. So far Rapp is in the green, up about 10.4% on their purchase based on today’s trading high of $19.95.
Insider Trading: September 13, 2021 (BIV.com)
Insider Michael Robert Martin, director. Company: Aurinia Pharmaceuticals Inc. (Nasdaq:AUPH). Shares owned: 150,324. Trade date: August 26. Trade total: US$400,725. Trade: Sale of 22,500 shares at a price of US$17.81 per share. Insider Jerry Kroll, director. Company: Electrameccanica Vehicles Corp. (Nasdaq:SOLO). Shares owned: 1,700,069. Trade date: August 26, 27. Trade total: US$290,007. Trade: Sale of 83,696 shares at prices from US$3.46 to US$3.47 per share.
Notable Gevo Insider Makes $411.34 Thousand Sale (Benzinga)
Geoffrey T. Williams Jr., Vp-General Counsel And Secretary at Gevo (NASDAQ:GEVO), made a large insider sell on September 9, according to a new SEC filing. What Happened: A Form 4 filing from the U.S. Securities and Exchange Commission on Thursday showed that Jr. sold 51,316 shares of Gevo at a price of $8.02 per share. The total transaction amounted to $411,339. Following the transaction, Jr. still owns 370,135 shares of Gevo worth $2,450,293.
The Pres. & CFO of J2 Global (NASDAQ: JCOM) is Buying Shares (Analyst Ratings)
Yesterday, the Pres. & CFO of J2 Global (JCOM), Scott Turicchi, bought shares of JCOM for $1.55M. Following Scott Turicchi’s last JCOM Buy transaction on December 16, 2020, the stock climbed by 39.7%. This is Turicchi’s first Buy trade following 12 Sell transactions. Based on J2 Global’s latest earnings report for the quarter ending June 30, the company posted quarterly revenue of $429 million and quarterly net profit of $15.72 million.
Barclay Hedge Fund Index up 1.23% in August, +10% YTD (Opalesque.com)
Opalesque Industry Update – The hedge fund industry generated an average return of 1.23% in August 2021, which may have pushed its winning streak into double-digits, according to the Barclay Hedge Fund Index compiled by BarclayHedge, a division of Backstop Solutions. For the year to date, the Barclay Hedge Fund Index was up 10.00%. 28 of 30 hedge fund subsectors tracked in the Barclay Hedge Fund Indices posted monthly gains in August, led by the Emerging Markets MENA Index which was up 3.54% and the Technology Index ahead 3.36%.
