Bill Ackman Owns 7 Stocks After his $1.1 Billion Bet on Netflix. Here’s Why He Bought Each of Them. (Business Insider)
Bill Ackman bought around 3.1 million shares in Netflix last month. The billionaire activist investor’s hedge fund Pershing Square owns just 7 stocks. Ackman made $2.6 billion betting that coronavirus would cause a stock market crash in 2020. Billionaire investor Bill Ackman hit headlines last month when he disclosed a $1.1 million bet on Netflix stocks – despite the recent drop in stock of the streaming giant from $701 to just over $400.
Buy Stocks Like Whirlpool — Not NFTs, Asset Manager Says (CNBC)
Investors should be looking to pick up stocks like Whirlpool and avoid assets like CryptoPunks NFTs, according to Jeff Henriksen, CEO and founder of Thorpe Abbotts Capital. Speaking to CNBC’s “Squawk Box Europe” on Monday, the Virginia-based hedge fund manager said despite the dominant market narratives around inflation, central bank tightening, supply chain problems and Covid-19, the U.S. economy remains robust and the improvement in labor force participation is a “very bullish” long-term signal.
Ethical Hedge Fund Beats 97% of Peers by Dodging Tech Rout (Bloomberg)
This year’s slump in U.S. technology stocks has the potential to drive many ESG investors toward Europe in search of better returns, according to a top-performing sustainable hedge fund. While big-name technology companies such as Facebook owner Meta Platforms Inc. have long been mainstays of ESG funds, there are plenty of European companies that offer more enduring environmental, social and governance attributes, said Donald Pepper, co-chief executive of Trium Capital LLP.
Photo by Austin Distel on Unsplash
Polygon Raises $450M From Sequoia Capital India, Galaxy, SoftBank to Support Web 3 Plans (Coin Desk)
Polygon, a secondary scaling solution for the Ethereum blockchain, raised $450 million in a round of funding led by Sequoia Capital India to support the firm’s Web 3 plans. The round included funding from 40 venture capital firms, including SoftBank, Michael Novogratz’s Galaxy Digital, Tiger Global, Republic Capital and hedge fund manager Alan Howard as well as Kevin O’Leary of ABC’s “Shark Tank.”
The Future of Land (Preqin)
Biodiversification, sustainability, and tech will shape excellent prospects in land-based natural resources strategies. How would you describe the economic prospects for the natural resources industry? In short, incredibly good. By 2050, we have to increase calorie production by 56% to feed a growing global population, and timber production needs to increase by up to 200%. And those figures are based on the assumption that we reduce food waste, eat less meat, and so on – so we have a massive task ahead of us.
From Point72 to Credit Suisse, Wall Street is on the Hunt for Medical and Bioscience Experts to Get Ahead on the Healthcare Investing Boom (Business Insider)
Steven Cohen‘s Point72 is scouting for people with healthcare degrees to join its analyst program. Marshall Wace is also looking for healthcare experts for its summer MBA internship program in June. Credit Suisse wants life sciences and biotechnology experts for its summer analyst program. After spending years – and likely hundreds of thousands of dollars – on doctor of medicine degree, most recent medical school grads are looking to become doctors.
Hedge Fund Giant Ray Dalio Says Financial Markets Shifting, Crypto ‘Vulnerable’ to Government Crackdown (Daily Hodl)
Veteran hedge fund manager Ray Dalio says that financial markets are shifting into a new era as crypto assets may become more vulnerable to government regulations. In a new interview on The David Rubenstein Show, the billionaire says that the days of “cheap money” are ending as the Federal Reserve loses the ability to create money without triggering noticeable inflation.
Moorfield Makes First Investment in Co-Living Scheme (Showhouse.co.uk)
Moorfield Group, the UK-focused real estate fund manager, on behalf of its Moorfield Real Estate Fund IV, has agreed to forward fund an 81 bed best-in-class co-living scheme near Ealing Broadway, West London, for £21 million. It represents Moorfield’s entry into the fast-growing London co-living sector, which is expected to be a beneficiary of demand from young professionals looking for affordable, high quality and flexible accommodation.
Monday 2/7 Insider Buying Report: BST, GRNA (Nasdaq.com)
On Wednesday, Blackrock Science and Technology’s, Tony Kim, made a $778,104 buy of BST, purchasing 16,750 shares at a cost of $46.45 each. Bargain hunters have the opportunity to pick up BST at a price even lower than Kim did, with shares trading as low as $45.25 in trading on Monday — that’s 2.6% under Kim’s purchase price. Blackrock Science and Technology Trusthar is trading up about 1.2% on the day Monday. This buy marks the first one filed by Kim in the past twelve months. And also on Wednesday, Director Ganesh Kishore purchased $750,000 worth of GreenLight Biosciences Holdings, purchasing 75,000 shares at a cost of $10.00 a piece. GreenLight Biosciences Holdings is trading off about 6% on the day Monday. Investors can bag GRNA even cheaper than Kishore did, with shares trading as low as $8.10 at last check today — that’s 19.0% under Kishore’s purchase price.
Moderna And 4 Other Stocks Sold By Insiders (Benzinga)
Public Service Enterprise Group: The Trade: Public Service Enterprise Group Incorporated PEG Chairman, President and CEO Ralph Izzo disposed a total of 9,883 shares at an average price of $66.15. The insider received $653.78 thousand as a result of the transaction. Moderna: The Trade: Moderna, Inc. MRNA CEO Stephane Bancel sold a total of 23,000 shares at an average price of $167.79. The insider received $3.19 million from selling those shares. Alcoa: The Trade: Alcoa Corporation AA EVP and Gen. Counsel Jeffrey D Heeter sold a total of 17,696 shares at an average price of $60.56. The insider received $1.07 million as a result of the transaction. Schlumberger: The Trade: Schlumberger Limited SLB VP, Director Tax Pierre Chereque sold a total of 8249 shares at an average price of $39.31. The insider received $324.27 thousand from selling those shares.
