Bill Ackman Calls on JPMorgan CEO Dimon to Run for US President (Reuters)
Billionaire hedge fund manager Bill Ackman said Jamie Dimon should run for president in the next U.S. elections after the JPMorgan Chase & Co (JPM.N) CEO expressed his interest in pursuing a public office. “I love my country, and maybe one day I’ll serve my country in one capacity or another,” Dimon said in an interview with Bloomberg TV earlier on Wednesday, when asked if he would ever consider public office.
Wirecard Critics Neil Campling and Toby Clothier Launch Hedge Fund (InvestmentWeek.co.uk)
Two analysts who spotted the downfall of Wirecard years before its collapse have launched a new hedge fund. Neil Campling and Toby Clothier, who previously worked together at Mirabaud Securities, have founded Chameleon Global Capital Management, a hedge fund under the umbrella of Ronit Capital. The fund launched to friends and family on 1 May and launched publicly today (1 June), with a strong focus on TMT (technology, media and telecommunications) and macroeconomics.
London Hedge Fund Takes Fourth Short Bet on Kerry Group Shares (BusinessPost)
Greenvale Capital, a London hedge fund with nearly £1 billion worth of assets under management, has taken a short position on 0.5 per cent of shares in Kerry Group. The position is worth the equivalent of €80 million at Kerry’s current share price of around €91. A short trade is a risky bet in which a trader borrows a share from a broker and sells it on the open market, in the hope that they…
Wednesday 5/31 Insider Buying Report: HI, SAFE (Nasdaq.com)
At Hillenbrand, a filing with the SEC revealed that on Friday, Director Helen W. Cornell purchased 5,200 shares of HI, for a cost of $48.65 each, for a total investment of $252,974. Hillenbrand is trading down about 0.9% on the day Wednesday. This purchase marks the first one filed by Cornell in the past twelve months. And at Safehold, there was insider buying on Friday, by CHAIRMAN AND CEO Jay Sugarman who purchased 10,000 shares at a cost of $24.58 each, for a trade totaling $245,849. Before this latest buy, Sugarman bought SAFE at 4 other times during the past twelve months, for a total cost of $116,745 at an average of $27.15 per share. Safehold is trading up about 2% on the day Wednesday. So far Sugarman is in the green, up about 4.6% on their purchase based on today’s trading high of $25.71.
Around $13M Bet On This Utilities Stock? Check Out These 3 Stocks Insiders Are Buying (Benzinga)
Southwest Gas Holdings: The Trade: Southwest Gas Holdings, Inc. (SWX) 10% owner Icahn Partners Master Fund LP acquired a total 224,812 shares an average price of $57.41. To acquire these shares, it cost around $12.91 million. RenaissanceRe Holdings: The Trade: RenaissanceRe Holdings Ltd. (RNR) Director, Pres & Chief Executive Officer Kevin Odonnell acquired a total of 13,020 shares at an average price of $192.00. To acquire these shares, it cost around $2.5 million.
