Quant Pioneer Dimensional Is Buying the Bonds That Dalio Hates (Bloomberg)
A quant pioneer with $112 billion in fixed income assets is defying doom-mongers like Ray Dalio as it places a bullish wager on interest-rate risk. Spurred by groundbreaking insights on systematic investing from its Nobel Prize-winning adviser Eugene Fama, Dimensional Fund Advisors has been extending duration in its core bond portfolios this year.
The Hedge Fund Investor Who Lost a $1 million Bet with Warren Buffett Doubts He would Make the Same Wager Today (Business Insider)
Ted Seides famously lost a $1 million bet with Warren Buffett that a basket of hedge funds would outperform the S&P 500 index over the course of a decade. The former hedge fund investor doubts he would place the same wager now. “I probably wouldn’t today for the next 10 years, not because I necessarily think it’s a losing bet, as much as I don’t think the odds are as tilted in favor of hedge funds as they were at the beginning of 2008,” Seides said in a recent RealVision interview.
Dominic Joshua’s ‘Hedge Fund’ Paid Out 30% Monthly Returns. Then the Scam Unravelled (Techabal.com)
He claimed to be investing in real estate, forex and Chanel. There was no proof. In December 2020, Michelle Adigun* transferred ₦300,000 ($750) to Brisk Capital, an investment firm she discovered on Instagram. The firm promised to pay her 30% of that capital for three consecutive months. The promise was fulfilled. The last 30% was paid alongside her initial capital. Thrilled by this, Adigun more than doubled her commitment to ₦700,000 on March 2, 2021. Same monthly promise as above. No questions asked.
Wednesday 5/26 Insider Buying Report: INVA, APO (Nasdaq.com)
At Innoviva, a filing with the SEC revealed that on Monday, Director George Bickerstaff bought 20,000 shares of INVA, for a cost of $13.21 each, for a total investment of $264,289. Bickerstaff was up about 3.1% on the buy at the high point of today’s trading session, with INVA trading as high as $13.62 in trading on Wednesday. Innoviva is trading up about 4.4% on the day Wednesday. And at Apollo Global Management, there was insider buying on Monday, by Director A. B. Krongard who purchased 2,135 shares for a cost of $57.37 each, for a trade totaling $122,489. This buy marks the first one filed by Krongard in the past twelve months. Apollo Global Management is trading up about 0.6% on the day Wednesday. Investors can snag APO even cheaper than Krongard did, with shares changing hands as low as $56.46 at last check today — that’s 1.6% below Krongard’s purchase price.
The EVP & COO of Assurant (NYSE: AIZ) is Selling Shares (Analyst Ratings)
Yesterday, the EVP & COO of Assurant (AIZ), Gene Mergelmeyer, sold shares of AIZ for $6.48M. Following Gene Mergelmeyer’s last AIZ Sell transaction on August 21, 2019, the stock climbed by 39.8%. In addition to Gene Mergelmeyer, one other AIZ executive reported Sell trades in the last month. The company has a one-year high of $163.24 and a one-year low of $96.72. Currently, Assurant has an average volume of 309.50K. AIZ’s market cap is $9.64 billion and the company has a P/E ratio of 22.40.
Trean Insurance Group Inc (TIG) President and CEO Andrew O’brien Sold $8.2 million of Shares (Guru Focus)
President and CEO of Trean Insurance Group Inc, Andrew O’brien, sold 616,438 shares of TIG on 05/24/2021 at an average price of $13.3 a share. The total sale was $8.2 million.
