Billionaire ‘Bond King’ Jeff Gundlach Warns Stocks will Crash, Predicts a Weaker Dollar, and Questions Bitcoin in a New Interview. Here are the 10 Best Quotes (Business Insider)
Billionaire “Bond King” Jeff Gundlach warned stocks will crash within 18 months, predicted the US dollar will tumble in the long run, and voiced his doubts about bitcoin in a RealVision interview filmed on October 1 and released on Friday. Gundlach, the founder and CEO of DoubleLine Capital, also called out Chipotle’s valuation, criticized welfare, and argued the only US equities that make sense to own right now are the largest technology stocks.
Mongodb Inc (MDB) President & CEO Dev Ittycheria Sold $54.8 million of Shares (Guru Focus)
President & CEO of Mongodb Inc., Dev Ittycheria, sold 225,000 shares of MDB on 10/06/2020 at an average price of $243.4 a share. The total sale was $54.8 million. MongoDB Inc develops and sells subscriptions to a modern, general purpose database platform. It also provides post-contract support, training, and consulting services for its offerings.
The Rise of Liquid Alternative Investments in Europe (Preqin.com)
Most alternative investments, such as private equity and hedge funds, have historically been offered as illiquid private placements sold to high-net-worth and institutional investors. Private placements require less disclosure than publicly traded products and have little to no regulations on leverage, derivatives, short selling, or concentrated positions. The regulation governing open-end investment funds in Europe is the Undertakings for Collective Investments in Transferrable Securities (UCITS).
Hedge Funds Turning Back to Insurance (Asia Insurance Review)
Drawn by the sharp increases in premiums that are improving the industry’s post-pandemic prospects, hedge funds are coming back to the insurance industry. According to a Reuters report the London-based hedge fund Toscafund, which five years back had ditched the shares it held in insurance companies, is coming back to the insurance. Insurers have faced a surge in claims spanning trade credit to event cancellations as a result of the pandemic. Some have pulled out of unprofitable lines of business. For those that remain, however, the crisis has led to a steep rise in premiums, or a hardening market, typical after a period of heavy losses.
The Executive Vice-President & Chief Development Offi of OceanaGold (Other OTC: OCANF) is Selling Shares (Analyst Ratings)
Today, the Executive Vice-President & Chief Development Offi of OceanaGold (OCANF), Mark David Cadzow, sold shares of OCANF for $61.8K. Currently, OceanaGold has an average volume of 192.96K. The company has a one-year high of $2.99 and a one-year low of $0.80.
Planet Fitness Inc (PLNT) CEO Christopher Rondeau Sold $16.4 million of Shares (Guru Focus)
CEO of Planet Fitness Inc., Christopher Rondeau, sold 250,000 shares of PLNT on 10/08/2020 at an average price of $65.4 a share. The total sale was $16.4 million. Planet Fitness Inc is a franchisor and operator of fitness centers in the United States. It has approximately more than 8.7 million members and more than 1,200 stores in 47 states, the District of Columbia, Puerto Rico, Canada and the Dominican Republic.
