Hedge Fund Nickel Digital’s Diversified Alpha Fund Beats Global Hedge Fund Indices (Fintech Finance News)
London-based Nickel Digital Asset Management (Nickel), Europe’s leading regulated and award-winning digital assets hedge fund manager, has delivered a strong performance in its multimanager Diversified Alpha Fund. The firm was founded over four years ago by alumni of Bankers Trust, Goldman Sachs and JPMorgan to provide institutional-grade access to the digital assets market. The success of the fund, which has beaten returns from comparable hedge fund indices this year highlights the growing importance of digital asset funds as part of institutional investment strategies given their ability to deliver non-correlated returns.
Apollo Agrees to Take Over Arconic for About $3 Billion (Bloomberg)
Apollo Global Management Inc. agreed to acquire aluminum-products company Arconic Corp. for about $3 billion. The buyout firm will pay $30 a share for the Pittsburgh-based company, according to a statement Thursday. That’s a premium of 36% to the closing price on Feb. 27, before the Apollo interest was reported.
SEC Steps Back from Defining Digital Assets in New Hedge Fund Rules (CoinTelegraph)
The United States securities regulator is holding off from ratifying the definition of the term “digital assets” in rules that govern reporting disclosures for hedge and private equity funds, despite proposing to do so some nine months ago. On May 3 the Securities and Exchange Commission published amendments to Form PF — a form that SEC-registered funds complete to disclose basic information about their fund so the regulator can assess potential “systemic risks.”
Thursday 5/4 Insider Buying Report: INTC, SFNC (Nasdaq.com)
At Intel, a filing with the SEC revealed that on Monday, CEO Patrick P. Gelsinger bought 8,200 shares of INTC, at a cost of $30.41 each, for a total investment of $249,324. Intel is trading up about 0.5% on the day Thursday. Before this latest buy, Gelsinger purchased INTC at 4 other times during the past year, for a total cost of $1.25M at an average of $29.51 per share. And at Simmons First National, there was insider buying on Monday, by CEO Robert A. Fehlman who bought 12,000 shares for a cost of $16.50 each, for a total investment of $198,000. This buy marks the first one filed by Fehlman in the past year. Simmons First National is trading off about 1.8% on the day Thursday. Bargain hunters have the opportunity to buy SFNC even cheaper than Fehlman did, with the stock trading as low as $15.34 at last check today — that’s 7.0% below Fehlman’s purchase price.
Over $2M Bet On Vivani Medical? Check Out These 3 Penny Stocks Insiders Are Aggressively Buying (Benzinga)
Vivani Medical: The Trade: Vivani Medical, Inc. (VANI) Director Gregg Williams acquired a total of 2,040,494 shares at an average price of $1.08. The insider spent around $2.2 million to buy those shares. Fomo Worldwide: The Trade: Fomo Worldwide, Inc. (FOMC) CEO, Director Vikram P Grover acquired a total of 8,548,815 shares at an average price of $0.14. To acquire these shares, it cost around $1.17 million.
