How Viking Global Became the Hedge-Fund Industry’s Hottest Launch Pad (Business Insider)
Since Dan Sundheim‘s massively successful launch of D1 Capital in 2018, there have been six more spinoffs from Viking Global that have collectively raised billions — and at least one more is in the works. Among them: Grant Wonders, 31, who launched Voyager Global this year, raising over $1 billion.
Hedge Fund Reaps 66% Gain in Brazil on Oil Rally, Iron Collapse (Bloomberg)
A little known Rio de Janeiro-based hedge fund has emerged as a big winner from the crude oil rally and the brutal plunge in iron-ore prices. The Vista Macro Master fund, with 2.3 billion reais under management ($417 million) is up about 66% in local currency year to date, the best performer among 200 local hedge funds tracked by Bloomberg. The average gain has been of just 6%, while the benchmark CDI posted a 3% increase. Globally, the Bloomberg All Hedge Index is up 9% in the same comparison.
Activist hedge fund TCI spells out strategic overhaul of Canadian National Railway (Hedge Week)
Sir Christopher Hohn’s TCI Fund Management has set out a strategic plan to overhaul Canadian National Railway which it says would put the Montreal-headquartered freight railway company “back on track.” The London-based activist hedge fund this week outlined sweeping proposals for a “high-quality, experienced board, a world-class railroader as CEO and a long-term plan for sustainable growth.” The plan also includes several board changes and a new CEO, four immediate key priorities, and a six-point plan for sustainable long-term growth.
Tuesday 10/19 Insider Buying Report: ORCL (Nasdaq.com)
At Oracle, a filing with the SEC revealed that on Thursday, Director Rona Alison Fairhead bought 2,277 shares of ORCL, at a cost of $96.02 each, for a total investment of $218,640. So far Fairhead is in the green, up about 1.2% on their purchase based on today’s trading high of $97.22. Oracle is trading up about 0.2% on the day Tuesday. Before this latest buy, Fairhead bought ORCL at 2 other times during the past twelve months, for a total investment of $798,430 at an average of $69.26 per share.
Notable Cognition Therapeutics Insider Trades $2.3M In Company Stock (Benzinga)
By: Aaron Fletcher, Director at Cognition Therapeutics (NASDAQ:CGTX), made a large buy and sell of company shares on October 13, according to a new SEC filing. What Happened: A Form 4 filing from the U.S. Securities and Exchange Commission states that By: Aaron Fletcher exercised options to purchase 3,912,932 Cognition Therapeutics shares at prices ranging from ($0.00) to $12.00 per share for a total of $2,281,072 on October 13. They then sold their shares on the same day in the open market. They sold at a price of $12.00 to raise a total of $1,083 from the stock sale.
Gitlab Inc (GTLB) CEO Sytse Sijbrandij Sold $192.5 million of Shares (Guru Focus)
CEO of Gitlab Inc, Sytse Sijbrandij, sold 2,500,000 shares of GTLB on 10/18/2021 at an average price of $77 a share. The total sale was $192.5 million.
The Non-Executive of Largo Resources (NASDAQ: LGO) is Buying Shares (Analyst Ratings)
Today, the Non-Executive of Largo Resources (LGO), Ian Edward Robertson, bought shares of LGO for $508.9K. This is Robertson’s first transaction since reporting a Sell transaction on AQN back in June 2020. Based on Largo Resources’ latest earnings report for the quarter ending June 30, the company posted quarterly revenue of $54.29 million and quarterly net profit of $8.45 million.
