Hedge Fund Says US Hard Landing and Sell-off Frenzy Ahead (Investment News)
Vantage Point Asset Management says people will be panicking. The rally in equities is set to grind to a halt as investors come to grips with slowing U.S. growth, and seasonal factors are likely to compound the selling pressure, according to Vantage Point Asset Management. Tighter lending standards and fledgling signs of slack in the labor market suggest that the U.S. economy is headed for a hard landing, said Nicholas Ferres, chief investment officer of the global macro fund. In July, the money manager took net long exposure for his firm’s main fund to 10% — “virtually flat,” in his words.
US Hedge Funds Cut Exposure in Chinese Companies Like Alibaba, Baidu, JD.com, Others in June Quarter (Live Mint)
US-based hedge fund investors have reduced their holdings in the Chinese companies during the June quarter amid concerns over the economic recovery in China and rising geopolitical tensions. Coatue Management LLC, founded by Philippe Laffont, decreased its positions in Chinese companies like Alibaba, Baidu, JD.com, Kanzhun, KE Holdings, Li Auto and PDD Holdings, Reuters reported citing regulatory filings.
The Tiger Funds Stayed Busy in the Second Quarter (Institutional Investor)
D1, Maverick, Viking, Light Street, and several other Tiger Cubs and Grandcubs made several big bets and fully exited a number of major holdings. Many of the best known funds with roots to Tiger Management were very active in the second quarter. They either established major new positions, sharply boosted existing positions into top holdings, or fully unloaded previously top positions, according to an analysis of second-quarter 13F holdings.
Wednesday 8/16 Insider Buying Report: OPCH, EOLS (Nasdaq.com)
At Option Care Health, a filing with the SEC revealed that on Friday, Director Harry M. Jansen Kraemer Jr. bought 55,000 shares of OPCH, for a cost of $34.63 each, for a total investment of $1.90M. Kraemer Jr. was up about 3.2% on the purchase at the high point of today’s trading session, with OPCH trading as high as $35.74 at last check today. Option Care Health is trading up about 1.4% on the day Wednesday. This purchase marks the first one filed by Kraemer Jr. in the past twelve months. And on Tuesday, Director Vikram Malik bought $1.3M worth of Evolus, buying 174,967 shares at a cost of $7.41 a piece. Evolus is trading up about 0.7% on the day Wednesday. So far Malik is in the green, up about 43.1% on their purchase based on today’s trading high of $10.61.
$3M Bet On Tidewater? Check Out These 4 Stocks Insiders Are Buying (Benzinga)
Joint Corp: The Trade: The Joint Corp. (JYNT) 10% owner Jefferson Gramm acquired a total of 788,528 shares an average price of $10.38. To acquire these shares, it cost around $8.18 million. Tidewater: The Trade: Tidewater Inc. (TDW) Director Robert Robotti acquired a total of 48,200 shares at an average price of $63.00. To acquire these shares, it cost around $3.04 million.
