Hedge Fund Founder’s Son Sells Palm Beach House for $15M (The Real Deal)
A hedge funder’s son sold his non-waterfront Palm Beach home for $14.9 million. Records show a trust for the benefit of Kosar Bishop sold the house at 125 Gulfstream Road to the Art Trust, with local attorney Maura Ziska signing as trustee. The true buyer is unknown. JoAnna Myers of Douglas Elliman had the listing, and Jack Elkins of William Raveis Real Estate brought the buyer. Elkins confirmed the buyers are from out of state, but declined to comment on their identity.
Defunct Crypto Hedge Fund 3AC Insists on Taking Part in Genesis Mediation (CoinDesk)
Defunct crypto hedge fund Three Arrows Capital (3AC) has demanded to be included in the bankruptcy mediation process of crypto lender Genesis Global, according to a Sunday filing. On May 1, Judge Sean Lane appointed Randall J. Newsome to mediate talks about the contribution Genesis owner Digital Currency Group (DCG) should make to any restructuring plan. DCG is also CoinDesk’s parent company.
Billionaire Hedge Fund Manager Loads Up on Amazon Stock. Should You? (InvestorPlace.com)
Stanley Druckenmiller reportedly held a sizable share position in Amazon (AMZN). Exposure to artificial intelligence (AI) could benefit Amazon and its stakeholders. Investors should own a few shares of AMZN stock now. Following the trades of highly respected investors can be not only fun but also profitable. In the case of Amazon (NASDAQ:AMZN) stock, a living legend in the world of finance reportedly took a stake in the e-commerce giant. I’d say this was a smart move, and there are reasons to consider starting your own share position in Amazon today.
Monday 6/5 Insider Buying Report: L, IART (Nasdaq.com)
At Loews, a filing with the SEC revealed that on Friday, Sr. VP, Corp Dev and Strategy Benjamin J. Tisch bought 330,000 shares of L, at a cost of $56.91 each, for a total investment of $18.78M. Tisch was up about 2.9% on the purchase at the high point of today’s trading session, with L trading as high as $58.59 at last check today. Loews is trading up about 0.8% on the day Monday. And at Integra LifeSciences Holdings, there was insider buying on Thursday, by CEO Jan De Witte who bought 7,792 shares at a cost of $38.50 each, for a trade totaling $299,986. Integra LifeSciences Holdings is trading up about 3.6% on the day Monday. So far De Witte is in the green, up about 5.5% on their purchase based on today’s trading high of $40.63.
$2M Bet On Align Technology? Check Out These 3 Stocks Insiders Are Buying (Benzinga)
StepStone Group: The Trade: StepStone Group Inc. (STEP) Director, Head of Strategy Michael I McCabe acquired a total of 80,000 shares an average price of $21.47. To acquire these shares, it cost around $1.72 million. Align Technology: The Trade: Align Technology, Inc. (ALGN) Director Kevin Dallas acquired a total of 7,000 shares at an average price of $285.26. To acquire these shares, it cost around $2 million.
