Equity Access: Here’s One Hedge Fund Strategy in ETF Form (CNBC)
Hedge fund strategies utilize a range of approaches to maximize returns on market swings. And while the funds are traditionally targeted at accredited investors, they are now becoming more accessible through ETFs. New York-based firm Dynamic Beta investments runs the iMGP DBi Hedge Strategy ETF (DBEH) in the U.S. The fund uses futures contracts to model the performance of 40 equity long/short hedge funds to deliver equity-like returns over time.
Hedge Fund AUM Holds Up at Just Below $5tn All-Time High, Despite Global Downturn (Hedge Week)
The pace of Hedge Fund redemptions accelerated slightly in August to -$18.92 billion (-0.38% of industry assets), according to the Barclay Fund Flow Indicator published by BarclayHedge. A trading loss of -$54.13 billion during August saw total hedge fund industry assets decline to $4.96 trillion. Including new fund launches though, total industry AUM remains just 3.4% lower than the $5.136 trillion all-time high recorded in March of this year.
FTX Liquidity Crisis Forces Crypto Hedge Funds into Rethink (Financial News)
Crypto hedge funds are changing how they work with exchanges around settlement and asset safeguarding after a liquidity crunch pushed FTX to the brink of collapse. FTX rival Binance signed a letter of intent to fully acquire FTX on 8 November. The announcement triggered a crypto sector bloodbath, losing over $100bn in market capitalization in the following 24 hours, according to Coinmarketcap data.
Wednesday 11/9 Insider Buying Report: ET, BA (Nasdaq.com)
On Tuesday, Energy Transfer’s Executive Chairman, Kelcy L. Warren, made a $14.82M purchase of ET, buying 1,200,000 shares at a cost of $12.35 a piece. Bargain hunters are able to snag ET at a price even lower than Warren did, with the stock trading as low as $12.05 in trading on Wednesday which is 2.5% under Warren’s purchase price. Energy Transfer is trading down about 1.1% on the day Wednesday. Before this latest buy, Warren bought ET on 5 other occasions during the past twelve months, for a total cost of $186.09M at an average of $8.51 per share. And on Friday, CEO David L. Calhoun bought $3.97M worth of Boeing, buying 25,000 shares at a cost of $158.88 a piece. This purchase marks the first one filed by Calhoun in the past twelve months. Boeing Co. is trading up about 0.2% on the day Wednesday. Calhoun was up about 7.7% on the purchase at the high point of today’s trading session, with BA trading as high as $171.08 at last check today.
Yum China, Atlassian And 2 Other Stocks Insiders Are Selling (Benzinga)
Atlassian: The Trade: Atlassian Corporation (TEAM) Co-CEO, Co-Founder Farquhar Scott sold a total of 8,614 shares at an average price of $122.64. The insider received around $1.06 million as a result of the transaction. Yum China: The Trade: Yum China Holdings, Inc. (YUMC) Director Fred Hu sold a total of 3,193,127 shares at an average price of $45.13. The insider received around $144.09 million from selling those shares.
