Billionaire Bill Ackman is Smoking ‘Mentor’ Warren Buffett with These Income Stocks (Toronto Sun)
Dividend stocks might look boring, but they can provide exciting returns. Just ask famed activist investor and self-proclaimed Warren Buffett acolyte Bill Ackman. His hedge fund Pershing Square Holdings has delivered annualized total returns of more than 30 per cent over the last three years, substantially outperforming the S&P 500 and even Buffett’s own Berkshire Hathaway.
The Investing Advice Warren Buffett Recommends you Follow, Even Though He Doesn’t (Grow)
Even though his portfolio results speak for themselves, Warren Buffett keeps dispensing sensible, tried-and-true investment wisdom to his followers, who over the years have learned to invest in American economic growth, buy stocks at attractive valuations, hold investments for the long term, and keep costs low. Indeed, much of the traditional advice that investors receive comes straight from Buffett’s playbook, with a notable exception: diversification. “Diversification is protection against ignorance,” Buffett famously says. “It makes little sense if you know what you’re doing.”
Activist Elliott Presses GSK on Progress at Investor Meeting (Bloomberg)
One of the world’s toughest hedge fund bosses has once again questioned the performance of GlaxoSmithKline Plc and its under-fire chief executive officer, Emma Walmsley. Gordon Singer, head of Elliott Investment Management’s London office, asked Glaxo Chairman Jonathan Symonds to explain what was holding back Glaxo’s value creation and stock during a meeting with top shareholders Thursday, according to a person on the call, who didn’t want to be identified because the event was private.
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How Tiger Funds Successfully Hedged In September (Institutional Investor)
Most of the funds, including D1 Capital, Lone Pine, Tiger Global, Viking, Coatue, and others, were up or lost small amounts during last month’s sharp selloff. Now this is what you call hedging.The global stock markets in September may have suffered their worst monthly loss since March 2000.But many long-short hedge funds with roots to Tiger Management either generated gains for the month or posted much smaller monthly losses than the 5 percent or so declines…
Digital Asset Hedge Fund ARK36 Appoints COO (Hedge Week)
Digital asset hedge fund ARK36 has adjusted its management structure with the appointment of Anto Paroian as Chief Operating Officer (COO). Paroian will supervise all of the fund’s operations and activities, effectively taking the helm along with ARK36 co-founder Mikkel Mørch and Executive Director Loukas Lagoudis. ARK36’s other co-founder Ulrik Lykke will now be focusing on exploring how the company’s offerings can be expanded to other facets of the digital asset space.
Texas Hedge Fund Reaps 155% Gain on U.S. Electricity, Gas Bets (Bloomberg)
A small Austin, Texas-based hedge fund has gained about 155% this year trading natural gas and electricity on a long-term outlook that the energy transition will create volatility and periodic supply crunches. E360 Power LLC, which manages about about $200 million in assets, climbed almost 62% last month, and growth for the first nine months of this year was nearly triple what it was for all of 2020, the fund said in a letter to investors.
HP Launches Article 9 Bond Fund (Hedge Nordic)
Stockholm (HedgeNordic) – Danish fixed-income boutique HP Fonds has announced the launch of a long-only fixed-income vehicle that exclusively invests in green bonds. HP Invest Green Bonds is classified as an investment fund with a sustainable investment objective as described in Article 9 under the EU’s Sustainable Finance Disclosure Regulation. “We are pleased to announce that we have now launched HP Invest Green Bonds, which invests exclusively in green bonds,” announces the team at HP Fonds, co-founded by Henrik Fournais (pictured) in 2004. “The fund is a 100% green fund. HP Invest Green Bonds is the first Danish Article 9 bond fund, which is the highest classification within sustainable investment in the EU.”
The President & Chief Operating Officer of BlackBerry (NYSE: BB) is Selling Shares (Analyst Ratings)
Yesterday, the President & Chief Operating Officer of BlackBerry (BB), Thomas Eacobacci, sold shares of BB for $1.6M. In addition to Thomas Eacobacci, 17 other BB executives reported Sell trades in the last month. The company has a one-year high of $28.77 and a one-year low of $4.44. Three different firms, including CIBC and RBC Capital, currently also have a Sell rating on the stock. Based on 5 analyst ratings, the analyst consensus is Moderate Sell with an average price target of $9.21, reflecting a 2.8% upside.
Hubspot Insider Sold $13M In Company Stock (Benzinga)
Dharmesh Shah, Chief Technology Officer at Hubspot (NYSE:HUBS), made a large insider sell on October 6, according to a new SEC filing. What Happened: A Form 4 filing from the U.S. Securities and Exchange Commission on Wednesday showed that Shah sold 20,000 shares of Hubspot at prices ranging from $650.30 to $673.66. The total transaction amounted to $13,164,549. Following the transaction, Shah still owns 1,546,838 shares of Hubspot worth $1,056,490,354.
Facebook Inc (FB) COB and CEO Mark Zuckerberg Sold $17.9 million of Shares (Guru Focus)
COB and CEO of Facebook Inc, Mark Zuckerberg, sold 54,504 shares of FB on 10/04/2021 at an average price of $327.67 a share. The total sale was $17.9 million.
