Bridgewater Associates Suffers Losses in July (InstitutionalInvestor.com)
Bridgewater Associates suffered a slight setback in July.The world’s biggest hedge fund firm posted losses in its main funds and its risk parity fund last month. Pure Alpha II, also known as Pure Alpha 18 percent, declined 1.67 percent in July, cutting its gain for the year to 4.47 percent.
Image By Monkey Business – Adobe
Why Sequoia And Coatue Just Poured $40 Million More Into This Data Science Startup (Forbes)
To hear Nick Elprin tell it, technology is going through a third seismic shift in computing. First, the CEO of Domino Data Lab argues, there was hardware design, better microchips that enabled computers to work faster and handle more information. Then came the claim that “software is eating the world” as applications changed how businesses of all kinds operated on desktop computers and smartphones. “Data science and companies building models, that’s the third wave,” Elprin says. The entrepreneur has a lot riding on that belief. He and cofounders Chris Yang and Matthew Granade gave up lucrative careers in finance at Bridgewater five years ago to start Domino, a software startup looking to help businesses conduct and make use of data science. And with $40 million in fresh funding from Sequoia Capital and Coatue Management, Elprin and Domino are racing to build what they think could be the Salesforce or Marketo of data science.
Private Banks Are the New Hedge Funds (Bloomberg)
Who needs hedge funds when a $2.4 trillion private bank is offering global macro trades to navigate late-cycle markets — mimicking fast-money strategies with leverage to boot. UBS Group AG’s wealth management arm, the world’s largest, is pitching just that to billionaire clients.
Investor demand for hedge funds on the upswing: Credit Suisse (Verdict.co.uk)
Hedge funds reported the largest positive swing in net demand among various asset classes, according to a survey by Credit Suisse. The study, which surveyed over 275 institutional investors worldwide, revealed investors’ rising preference for non-traditional investment products in addition to commingled accounts. Most preferred structures were separately managed accounts/funds of one, co-investments, private credit, and longer lock products.
Insider Selling: Skyline Co. (SKY) CEO Sells 80,637 Shares of Stock (MaconDaily.com)
Skyline Co. (NYSEAMERICAN:SKY) CEO Keith A. Anderson sold 80,637 shares of the stock in a transaction that occurred on Tuesday, August 7th. The shares were sold at an average price of $22.00, for a total value of $1,774,014.00. The sale was disclosed in a document filed with the SEC.
Insider Selling: Danaher Co. (DHR) CFO Sells 77,407 Shares of Stock (FairFieldCurrent.com)
Danaher Co. (NYSE:DHR) CFO Daniel L. Comas sold 77,407 shares of the stock in a transaction that occurred on Thursday, July 26th. The stock was sold at an average price of $103.93, for a total value of $8,044,909.51. Following the completion of the sale, the chief financial officer now owns 135,218 shares of the company’s stock, valued at approximately $14,053,206.74. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website.
Insider Selling: ICF International Inc (ICFI) CEO Sells 28,744 Shares of Stock (WeekHerald.com)
ICF International Inc (NASDAQ:ICFI) CEO Sudhakar Kesavan sold 28,744 shares of ICF International stock in a transaction on Friday, August 3rd. The shares were sold at an average price of $78.61, for a total transaction of $2,259,565.84. Following the transaction, the chief executive officer now owns 187,370 shares in the company, valued at approximately $14,729,155.70. The transaction was disclosed in a legal filing with the SEC.
Insider Selling: Beneficial Bancorp Inc (BNCL) Director Sells 24,995 Shares of Stock (FairFieldCurrent.com)
Beneficial Bancorp Inc (NASDAQ:BNCL) Director Roy D. Yates sold 24,995 shares of the company’s stock in a transaction on Monday, July 23rd. The shares were sold at an average price of $16.60, for a total transaction of $414,917.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.
Insider Selling: Zillow Group Inc Class C (Z) Insider Sells $1,694,317.50 in Stock (FairFieldCurrent.com)
Zillow Group Inc Class C (NASDAQ:Z) insider Kathleen Philips sold 30,375 shares of the stock in a transaction dated Wednesday, August 1st. The stock was sold at an average price of $55.78, for a total transaction of $1,694,317.50. Following the transaction, the insider now directly owns 12,015 shares in the company, valued at approximately $670,196.70. The transaction was disclosed in a filing with the SEC.
