Hedge Fund Manager Chase Coleman Made These Investing Mistakes Even as He Racked Up Big Returns (CNBC)
Hedge fund manager Chase Coleman revealed several mistakes he’s made in the two decades he’s headed Tiger Global, despite the firm’s market-beating track record. Coleman — protégé of legendary investor Julian Robertson — is reflecting on his time at the helm of Tiger Global, as the hedge fund reached its 20-year anniversary.
Man Group’s Ellis Says Some Hedge Funds Are Being Too Greedy (Bloomberg)
In the never-ending give and take between hedge funds and their investors, some managers are simply taking too much. Says who? Surprisingly, a hedge fund manager — one of the biggest, in fact. “It’s really important that most of the alpha goes to the clients,” Luke Ellis, who oversees about $124 billion as chief executive officer of Man Group Plc, said in a Bloomberg “Front Row” interview. “The client is the one taking all the risk, and the client should get the majority of the rewards.”
Thursday 3/18 Insider Buying Report: BHVN, ORCL (Nasdaq.com)
On Wednesday, Biohaven Pharmaceutical Holding’s , John W. Childs, made a $999,932 purchase of BHVN, buying 13,157 shares at a cost of $76.00 each. Biohaven Pharmaceutical Holding is trading off about 2.6% on the day Thursday. Before this latest buy, Childs bought BHVN on 5 other occasions during the past year, for a total cost of $3.43M at an average of $68.57 per share. And on Tuesday, Director Rona Alison Fairhead purchased $688,966 worth of Oracle, purchasing 10,242 shares at a cost of $67.27 each. Oracle is trading up about 0.4% on the day Thursday. Investors are able to snag ORCL at a price even lower than Fairhead did, with shares trading as low as $66.09 at last check today — that’s 1.8% below Fairhead’s purchase price.
The Chairman of Arizona Silver Exploration (Other OTC: AZASF) is Buying Shares (Analyst Ratings)
Yesterday, the Chairman of Arizona Silver Exploration (AZASF), Michael Stark, bought shares of AZASF for $4,750. This recent transaction increases Michael Stark’s holding in the company by 1% to a total of $377.5K. Currently, Arizona Silver Exploration has an average volume of 44.00K. AZASF’s market cap is $9.43 million and the company has a P/E ratio of -6.40.
Square Inc (SQ) President, CEO & Chairman Jack Dorsey Sold $24.2 million of Shares (Guru Focus)
President, CEO & Chairman of Square Inc, Jack Dorsey, sold 100,000 shares of SQ on 03/15/2021 at an average price of $242.07 a share. The total sale was $24.2 million. Square Inc is a software company offering solutions ranging from payments and point-of-sale services to financial and marketing services.
Warren Buffett’s Berkshire Hathaway Missed Out on $5 Billion by Selling the ‘Big 4’ Airline Stocks (Business Insider)
Warren Buffett‘s Berkshire Hathaway missed out on $5 billion by exiting the “big four” US airlines last April. The famed investor’s company previously owned between 8% and 11% of American Airlines, Delta Air Lines, Southwest Airlines, and United Airlines. Berkshire spent a total of $7 billion to $8 billion in building those stakes, which were worth over $10 billion at the end of 2019, SEC filings show. However, shares in the four airline stocks plunged with the broader market when pandemic fears peaked last spring. Buffett and his team dumped their stakes in April, likely netting about $4.5 billion based on the quartet’s average trading prices that month.
Chemical Group CEO Retires After Stepping Aside When Named in Insider Trading Investigation (Business Live)
The chief executive of global chemicals firm Tronox has retired, having stepping aside when he was named in an insider trading investigation. Jeffry Quinn led the acquisition of Cristal by the titanium dioxide giant, bringing the South Humber Bank into the US multinational’s portfolio. He withdrew from his role – which included sitting as chair of the board – over Christmas, after becoming embroiled in an investigation and subsequent court case relating to a previous role in another company.
