Crypto Hedge Fund Veteran Mark Yusko Slams Dog Coins, Warns Dogecoin and Shiba Inu Should Go to Zero (The Daily Hodl)
Morgan Creek Capital CIO Mark Yusko is blasting dog-themed meme tokens Dogecoin (DOGE) and Shiba Inu (SHIB), asserting they have no value. In a new interview with Blockworks, the crypto veteran says that, in his opinion, the two tokens should go to zero.
Kainos Capital raises over $1bn for Fund III (Opalesque.com)
Dallas-based private equity firm Kainos Capital has closed its Kainos Capital Partners III with more than $1b billion in capital commitments, the largest investment vehicle in its history. According to a news release, the firm, which is focused on the food and consumer products and services sectors, has invested approximately $3 billion in equity for more than 40 transactions with a total transaction value of over $6 billion. Existing Kainos investors provided a significant amount of Fund III’s capital and referred many new investors to the Fund, it said.
Billionaire Hedge Fund Manager Israel Englander ‘Terrorized’ Estranged Wife and her Gallery-Owner Girlfriend in Devastating Smear Campaign, Divorce Docs Claims (DailyMail.co.uk)
Israel Englander, a 74-year-old financier worth $11.3 billion, and wife Caryl divorced in 2020, with her citing his multiple infidelities. On Thursday, Caryl, a celebrated photographer, and her Swiss girlfriend Dominique Levy, a famed gallerist, filed a petition to reopen the case. They claim that the financier ‘terrorized’ them both with private investigators, spurious NYPD calls and a media smear campaign. A high-flying New York art couple are seeking to unravel the terms of one of their previous divorce, arguing that her billionaire hedge fund manager ex ‘terrorized’ them into agreeing to unfair terms.
Man Group Unit Bets on ‘Narrow and Shallow’ China Stock Rebound (Bloomberg)
Man GLG, a unit of the world’s biggest publicly traded hedge fund firm, is betting on a “narrow and shallow” Chinese stock recovery, after the world’s second-largest economy recently abandoned its zero-Covid policies. The Man Group Plc unit, which oversaw $24 billion globally at the end of the third quarter, switched to a positive view on China between September and October, said Andrew Swan, its Asia ex-Japan equities head. It’s focusing on a limited set of opportunities, including travel, entertainment, insurance and industrial automation shares, where China’s reopening could lead to positive earnings revisions that have yet to be priced in.
Friday 2/10 Insider Buying Report: LGTO, CNC (Nasdaq.com)
On Wednesday, Legato Merger’s Director, Brian Pratt, made a $1.54M purchase of LGTO, buying 150,000 shares at a cost of $10.30 a piece. Legato Merger is trading off about 0.6% on the day Friday. And at Centene, there was insider buying on Wednesday, by EVP, Chief Operating Officer James E. Murray who bought 6,750 shares for a cost of $73.30 each, for a trade totaling $494,775. This buy marks the first one filed by Murray in the past twelve months. Centene is trading up about 0.7% on the day Friday. Investors can pick up CNC even cheaper than Murray did, with the stock trading as low as $71.95 at last check today which is 1.8% under Murray’s purchase price.
General Motors, Bank of America And 2 Other Stocks Insiders Are Selling (Benzinga)
Stryker: The Trade: Stryker Corporation (SYK) VP, Chief Financial Officer Glenn S Boehnlein sold a total of 24,425 shares at an average price of $278.54. The insider received around $6.8 million from selling those shares. General Motors: The Trade: General Motors Company (GM) Executive Vice President Stephen Carlisle sold a total of 18,000 shares at an average price of $41.97. The insider received around $755.46 thousand from selling those shares.
