Bridgewater Widens Lead in China Race as Returns Outclass Rivals (Bloomberg)
Bridgewater Associates LP’s flagship China fund is trouncing the performance of its peers, helping to expand the hedge fund’s leadership in the race among global firms looking to woo the nation’s wealthy investors. Onshore China assets under management at the Westport, Connecticut-based investment company climbed to more than 30 billion yuan ($4.1 billion) as of August, after doubling last year to more than 20 billion yuan, according to people familiar with the matter, asking not to be identified discussing confidential information.
The CEO of the Most Profitable Hedge Fund of All Time Doesn’t Regret Sleeping 2,000 Nights in His Office: ‘I Really Don’t See How I could Do it Otherwise’ (Business Insider)
The chief executive officer of Renaissance Technologies, the secretive and massively successful hedge fund, said he has spent 2,000 nights sleeping in the office – but he doesn’t regret it. In an interview with Goldman Sachs’ podcast host Raj Mahajan, Renaissance’s Peter Brown explained his work habits and family situation working in a different town from where his wife lives.
Month in Review – August 2023 (Hedge Nordic)
Stockholm (HedgeNordic) – After a promising start to the second half of the year in July, Nordic hedge funds dipped by 0.1 percent in August. This decline came amid a challenging month for trend-following CTAs, while fixed-income managers had a solid performance. For the first eight months of 2023, the Nordic hedge fund industry has seen a 2.3 percent increase in returns. Only two of the five strategy categories within the Nordic Hedge Index registered positive returns in August.
Thursday 9/14 Insider Buying Report: SMMF, GATO (Nasdaq.com)
On Thursday, Summit Financial Group’s Director, Gary L. Hinkle, made a $343,222 purchase of SMMF, buying 14,201 shares at a cost of $24.17 a piece. Investors are able to snag SMMF at a price even lower than Hinkle did, with the stock trading as low as $23.79 at last check today — that’s 1.6% below Hinkle’s purchase price. Summit Financial Group is trading up about 0.6% on the day Thursday. Before this latest buy, Hinkle purchased SMMF on 2 other occasions during the past twelve months, for a total investment of $142,049 at an average of $25.83 per share. And at Gatos Silver, there was insider buying on Tuesday, by President Dale Andres who bought 50,000 shares at a cost of $5.40 each, for a total investment of $270,000.
Around $8M Bet On Southwest Gas Holdings? Check Out These 4 Stocks Insiders Are Buying (Benzinga)
Asana: The Trade: Asana, Inc. (ASAN) President, CEO and Chair Dustin Moskovitz acquired a total of 554,847 shares an average price of $20.08. To acquire these shares, it cost around $11.14 million. Southwest Gas Holdings: The Trade: Southwest Gas Holdings Inc. (SWX) 10% owner Icahn Partners Master Fund LP acquired a total of 127,731 shares at an average price of $61.45. To acquire these shares, it cost around $7.85 million.
