How Much of an ESG Risk is Crypto? (Preqin)
GHG emissions are a key risk exposure in crypto as fintech boosts its presence in the volatile asset, yet still pose less threat than other polluters. Even when drilling down into the fintech and cryptocurrency components of the financial services industry, their added risk exposure still ranks low on a global scale. Industries like oil & gas, materials, logistics, and even healthcare, show higher average overall ESG risk exposure metrics. However, when going into these asset classes, investors understand the possible risks.
Capital Four Surges Past Its Fund Target to Reach $1.45bn for a New Debt Vehicle (Opalesque.com)
Credit asset management boutique Capital Four has hauled in €1.5 billion ($1.45bn) for the final close of its third private debt fund, exceeding its initial €1 billion target. According to a media statement from the financial institution in Copenhagen, Denmark, Capital Four Private Debt III – Senior has well-received commitments from new and long-standing investors and capital being raised from insurance companies, endowments as well as pension funds. “With a deployment rate of more than 90% at the hard close, the Fund was deployed ahead of schedule, allowing the successor fund (Private Debt V – Senior) to launch earlier than planned during the summer,” said the credit asset management boutique.
The Hedge Fund That Shook Up Microsoft Holds 2 High-Yielding Stocks Offering Buybacks (Benzinga)
ValueAct Capital has approximately $13.2 billion in assets under management. Recall in 2013 when the firm’s founder, Jeff Ubben, became the first activist investor to land a board seat at Microsoft (MSFT). Then-CEO Steve Ballmer left a week after this move. Ubben has since left ValueAct, but it’s worth taking note of the high-yielding stocks the fund has for investors to consider.
CEO of $4,500,000,000 Crypto Hedge Fund Says Bitcoin Will Go up a Ton, but Other Projects Will Outperform (The Daily Hodl)
Pantera Capital CEO Dan Morehead says that although he sees Bitcoin’s (BTC) value increasing, its share of the cryptocurrency market will decline over time as he expects other digital assets to outperform it. During this month’s SALT New York conference, Morehead says he’s long-term bullish on Bitcoin but notes that other crypto assets have better upside potential.
Tuesday 9/27 Insider Buying Report: OIS, HIW (Nasdaq.com)
At Oil States International, a filing with the SEC revealed that on Friday, EVP, Chief Operating Officer Philip Scott Moses purchased 58,624 shares of OIS, at a cost of $3.63 each, for a total investment of $212,654. So far Moses is in the green, up about 7.2% on their buy based on today’s trading high of $3.89. Oil States International is trading up about 5% on the day Tuesday. And on Thursday, CEO Theodore J. Klinck purchased $141,252 worth of Highwoods Properties, purchasing 5,000 shares at a cost of $28.25 a piece. Highwoods Properties is trading up about 0.2% on the day Tuesday. Investors have the opportunity to pick up HIW even cheaper than Klinck did, with the stock trading as low as $26.41 in trading on Tuesday which is 6.5% under Klinck’s purchase price.
Director of Braze Makes $3.76M Buy (Benzinga)
Matthew Jacobson, Director at Braze (BRZE), reported a large insider buy on September 26, according to a new SEC filing. What Happened: A Form 4 filing from the U.S. Securities and Exchange Commission on Monday showed that Jacobson purchased 110,650 shares of Braze. The total transaction amounted to $3,763,832.
