Caledonia Hedge Fund Soars Out of the Red (AFR.com)
The era of stocks being valued on market share or revenue growth is over, according to hedge fund managers Will Vicars and Mike Messara, who manage the $4.6 billion Caledonia Global Fund. Vicars and Messara, as co-chief investment officers, are trumpeting the 18.9 per cent net return earned by the fund in the six months to December 31, and tipping “a sustained period of strong returns”.
Hedge Fund Carrhae Says China Stocks to Beat Global Peers (Bloomberg)
Chinese equities will outperform global peers in the first half of this year, according to Carrhae Capital LLP, which is betting on the nation’s reopening after its emerging-market hedge fund beat peers last year. “We have entered the year with a very bullish stance on China and on the margin we have been taking profits,” Ali Akay, Carrhae Capital’s London-based chief investment officer, said in emailed comments. “However, we still see plenty of upside even in the go-to stocks in China and plenty more in the more neglected corners of the market.”
Hedge Funds Outperform S&P500 in December and Calendar Year 2022 (Hedge Week)
As recession fears continued to pull equity markets down in December, the hedge fund industry posted its own – if smaller – monthly loss, down -1.68% for the month, according to the Barclay Hedge Fund Index compiled by BarclayHedge. The hedge fund industry fared better than the S&P 500 Total Return Index for the year as well, losing -8.59% over the 12 months while the S&P 500 Total Return Index fell -18.14%. The industry’s 9.45% outperformance in 2022 marks the first instance in more than 14 years where hedge funds have outperformed the index in a calendar year.
Early Ethereum-Backer HashKey Capital Raises for Third Crypto Fund (Opalesque.com)
Crypto-focused global asset manager HashKey Capital has raised another $500 million for investments in the Web3 ecosystem. The fund will invest in crypto and blockchain initiatives around the world with a focus on emerging markets. HashKey FinTech Investment Fund III was backed by institutional investors, including sovereign-wealth funds, businesses, and family offices, according to a press release from the investment arm of financial services firm HashKey Group. “Most people from the industry recognize HashKey Group as a global investment pioneer in blockchain, but few are aware that the HashKey Group was the inspiration behind the name ‘Shanghai Upgrade’ for Ethereum. As one of the earliest institutional investors in Ethereum and the host of Devcon2, we have maintained since the first day that the power of blockchain and crypto innovation can create a better future,” said Dr. Xiao Feng, Chairman of HashKey Group.
Wednesday 1/18 Insider Buying Report: ACHR (Nasdaq.com)
At Archer Aviation, a filing with the SEC revealed that on Friday, Director Michael Spellacy bought 23,116 shares of ACHR, for a cost of $2.60 each, for a total investment of $59,998. So far Spellacy is in the green, up about 23.7% on their purchase based on today’s trading high of $3.21. Archer Aviation is trading up about 18.6% on the day Wednesday. This buy marks the first one filed by Spellacy in the past year.
Starbucks, NVIDIA And These 3 Stocks Insiders Are Selling (Benzinga)
NVIDIA: The Trade: NVIDIA Corporation (NVDA) Director Mark A Stevens sold a total of 1,014,305 shares at an average price of $158.45. The insider received around $33.27 million from selling those shares. AutoZone: The Trade: AutoZone, Inc. (AZO) Director, Chairman, President & CEO William C. Rhodes III sold a total of 5,000 shares at an average price of $2,443.31. The insider received around $12.22 million as a result of the transaction.
