Why Andrew Brown’s Latest Fund is Following Monaco’s Royals (AFR.com)
Yogi, soccer fan and veteran stockpicker Andrew Brown has just launched a fund that mainly invests in companies that are backed by some of the world’s richest families. Brown is no trust fund baby, though. He grew up in Britain’s Scunthorpe, before landing in Sydney in 1987 as a bank analyst at Baring Securities as part of a 39-year investment career. “I wasn’t the number one bank analyst at Baring back then, though,” Brown admits from his offices in Sydney’s Martin Place. “That was Craig Drummond, the erstwhile chief financial officer at National Australia Bank, chief executive at Medibank, and chair at Geelong football club.”
Macro Hedge Funds Lead Gains in Asia, Japan Shines (ChannelNewsAsia)
HONG KONG: Asia’s macro hedge funds, which trade on economic trends, have outperformed other strategies so far this year even as they manoeuvred wild moves in global bond markets, while Japan-focused funds also thrived on a domestic stocks rally. Asia-focused macro hedge funds, which typically trade a wide range of assets from a top-down economic viewpoint, were up 6.1 per cent on average by June, Eurekahedge data shows, compared to a 1.1 per cent gain for all Asian hedge funds.
Who are the Private Equity and Hedge Fund Players Buying Up Stakes in Sports Teams? Here are the Big Names to Know (Fortune)
As a sports fan myself (I’m a die-hard Manchester United fan, for those who watch Premier League football – or “soccer,” to us Americans), I’ve always kept an eye on who owns which team, or what firm or executive is acquiring what stake. Money, after all, can have the power to influence teams’ performance. In recent years, alternative asset managers – that group of investors which includes private equity, venture capital, and hedge funds – have been actively investing in the sports arena. But who is buying chunks of teams?
Monday 7/17 Insider Buying Report: CVGW, CDZI (Nasdaq.com)
At Calavo Growers, a filing with the SEC revealed that on Thursday, Chief Executive Officer Lecil E. Cole bought 75,000 shares of CVGW, for a cost of $30.34 each, for a total investment of $2.28M. So far Cole is in the green, up about 19.6% on their purchase based on today’s trading high of $36.29. Calavo Growers is trading up about 16.6% on the day Monday. Before this latest buy, Cole purchased CVGW at 2 other times during the past twelve months, for a total investment of $2.61M at an average of $26.12 per share. And at CADIZ, there was insider buying on Thursday, by Director Susan P. Kennedy who purchased 14,000 shares for a cost of $3.50 each, for a total investment of $49,000. Before this latest buy, Kennedy bought CDZI at 3 other times during the past twelve months, for a total investment of $255,280 at an average of $2.31 per share. CADIZ is trading up about 9.5% on the day Monday. Kennedy was up about 21.4% on the purchase at the high point of today’s trading session, with CDZI trading as high as $4.25 at last check today.
HP, Micron Technology And 2 Other Stocks Insiders Are Selling (Benzinga)
Micron Technology: The Trade: Micron Technology, Inc. (MU) CVP, Chief Accounting Officer Scott Allen sold a total of 13,687 shares at an average price of $60.80. The insider received around $832,170 from selling those shares. HP: The Trade: HP Inc. (HPQ) Director Subra Suresh sold a total of 6,659 shares at an average price of $33.00. The insider received around $219,747 from selling those shares.
