New Hedge Fund Cybersecurity Report Reveals Changes Firms are Making in a Post-Pandemic World (PR Newswire)
NEW YORK , May 24, 2022 /PRNewswire/ — Agio, a leading cybersecurity and managed IT provider for financial services firms, published its inaugural 2022 Hedge Fund Cybersecurity Trends Report today. The survey was conducted in Q1 and captured the opinions and perceptions of recent, current, and future cybersecurity programs, readiness, and initiatives from 100 hedge fund practitioners across the technology, operations, cybersecurity, and compliance fields.
May Figures from Eurekahedge Show Hedge Funds Outperforming NASDAQ and S&P 500 (Institutional Asset Manager)
The latest May report from Eurekahedge With Intelligence reveals that hedge fund managers were down 0.72 per cent in April, outperforming the tech-heavy NASDAQ and S&P 500 by 12.54 per cent and 8.08 per cent respectively. Around 80.1 per cent of global hedge funds have outperformed the S&P 500, while 44.4 per cent of them have generated positive returns in April. On a year-to-date basis, global hedge funds are down -1.83 per cent, outperforming the S&P 500 which returned -13.31 per cent over the same period.
Hedge Funds In The Red For Q1, But Wide Dispersion Flashed Green For Commodities, Red For Equities (Forbes)
After a robust 2021, the first quarter brought a significant pullback in hedge fund performance. However, the first quarter was also marked by a sizable divergence according to strategy. The best-performing strategy returned 12.09%, while the weakest strategy was down 6.76%.
ICG Raises $1.1bn for Asia Pacific Fund IV (Opalesque)
Global alternative asset manager Intermediate Capital Group (ICG) has held the final close of its Asia Pacific Fund IV at $1.1 billion, exceeding its target of $1 billion. Fund V, which is 60 percent larger than its predecessor fund, received support from a broad and international group of investors looking for exposure to Asia and is currently 32% deployed, with four deals completed to date. “The Fund represents ICG’s flagship strategy for Asia, with 20 years of track record in the region, focusing on locally sourced and directly originated mid-market companies in developed Asia,” said a press release from the private equity investment firm headquartered in London.
Monday 5/23 Insider Buying Report: NCBS, UFI (Nasdaq.com)
On Wednesday, Nicolet Bankshares’ Director, John Nicholas Dykema, made a $758,957 purchase of NCBS, buying 10,000 shares at a cost of $75.90 a piece. Nicolet Bankshares is trading up about 2.7% on the day Monday. And at Unifi there was insider buying on Wednesday, by Kenneth G. Langone who purchased 50,000 shares at a cost of $13.57 each, for a trade totaling $678,680. Before this latest buy, Langone made one other purchase in the past year, buying $524,920 shares at a cost of $21.00 a piece. Unifi is trading down about 0.4% on the day Monday. Langone was up about 4.0% on the buy at the high point of today’s trading session, with UFI trading as high as $14.11 at last check today.
Executives Sell Around $325M Of 3 Stocks (Benzinga)
Kyndryl Holdings: The Trade: Kyndryl Holdings, Inc. (KD) 10% owner International Business Machines Corp sold a total of 22,301,536 shares at an average price of $13.95. The insider received around $311.11 million from selling those shares. Royalty Pharma: The Trade: Royalty Pharma PLC (RPRX) Director Rory B Riggs sold a total of 150,000 shares at an average price of $39.42. The insider received around $5.91 million from selling those shares.
