Hedge Fund Exposure Pays Off for University Endowment (Hedge Nordic)
The endowment fund of Aalto University in Finland edged down 3.5 percent after all fees and costs in 2022 during what was a challenging year for institutional investors. The endowment fund’s “alternative risk” allocation, a portfolio of hedge fund strategies that accounts for a little over 20 percent of its €1.3 billion portfolio, returned 11.1 percent in 2022. The endowment’s exposure to hedge funds has finally paid off.
Citadel Sees Limited Impact on Energy Demand from Banking Crisis (Reuters)
U.S. hedge fund Citadel expects a tighter credit environment following the latest banking crisis but so far the economic decline is not enough to plunge commodities into the abyss, its head of commodities told Reuters. Banking stocks and bonds plummeted on Monday and oil was at 15-month lows as the hit to investors from UBS Group’s state-backed takeover of Credit Suisse fanned concerns about the health of the global financial sector.
Quantitative Crypto Hedge Fund Opens Latest Fund to Investors (Opalesque.com)
Strix Leviathan, a Seattle-based quantitative manager trading digital assets founded in 2018, is opening a new market-neutral fund to investors. Launched in July 2022, The Aurora Fund generates yield from the many opportunities in the decentralised finance (DeFi) space. The Fund is targeting 20-30% annualised returns. As of February 28th, the initial seven-month track record is positive, at a time of the extremely volatile crypto markets following the collapse of FTX in November. The Fund returned 1% MTD, 3.5% YTD and 8.6% ITD. Decentralised finance is a new financial paradigm that leverages distributed ledger technologies to offer services such as lending, investing, or exchanging crypto assets without relying on a traditional centralized intermediary.
Fleetcor Technologies to Eye Alternatives, Refreshes Board (Reuters)
Fleetcor Technologies (FLT.N) on Monday said it will consider selling or separating one or more of its businesses and is adding two new board members amid pressure from hedge fund D.E. Shaw Group. Fleetcor, which provides fuel cards and workforce payments products, added Rahul Gupta, a veteran board member director and expert in the digital services and payments industry, as a new director.
Monday 3/20 Insider Buying Report: CNC (Nasdaq.com)
At Centene, there was insider buying on Friday, by Chief Executive Officer Sarah London who purchased 30,000 shares at a cost of $62.60 each, for a total investment of $1.88M. This purchase marks the first one filed by London in the past year. Centene is trading up about 3.3% on the day Monday. London was up about 3.5% on the purchase at the high point of today’s trading session, with CNC trading as high as $64.81 in trading on Monday.
Buy With The Board: 3 Massive Yields With Insider Buying (Forbes)
Insiders may sell their shares for a variety of reasons. Usually, because they need the cash. But execs who know “what’s up” with their company better than anyone only buy with one purpose in mind. They believe their stock price is going higher. Or, if it’s a dividend stock, at least it is not going down anytime soon! We’re going to highlight dividends up to 15.8% (yes, that’s no typo) with recent insider buying. This is especially notable these days because: Vanilla investors are worried this is 2008, Part Deux. Inflation is still running hot. And stocks have been going down for 15 months and counting.
