Coeli European Among NBIM’s External Managers (Hedge Nordic)
Stockholm (HedgeNordic) – Norges Bank Investment Management (NBIM) relies on external equity managers to handle 4.6 percent of the €1.2 trillion Norwegian oil fund’s investments. A total of 107 mandates worth €54 billion at the end of 2022 were managed externally by 100 organizations, one of which was Mikael Petersson’s Coeli Group-backed fund management firm Coeli European AB.
Hedge Fund Marshall Wace Names Amit Rajpal as Partner in London Firm (Financial News)
Marshall Wace has named Hong Kong-based portfolio manager Amit Rajpal as a partner in its London firm. Rajpal — currently portfolio manager of the firm’s global financials strategy — started his journey at the London-headquartered hedge fund in 2008 as a portfolio manager. In a career spanning more than 14 years at the firm, he has served…
Hedge Fund Vista Cuts Oil Bet That Made It a Star In Brazil (Bloomberg)
About four years ago, traders operating out of a two-story house in Rio de Janeiro piled into a bet that oil prices would skyrocket on anticipation of a tight market and a slower transition away from fossil fuels. The wager made Vista Capital rapidly surge in the ranks of Brazil’s asset-management industry and turned its flagship fund into the nation’s best-performing hedge fund in the past three years.
$22M Bet On This Basic Materials Stock? Check Out These 3 Stocks Insiders Are Buying (Benzinga)
Tecnoglass: The Trade: Tecnoglass Inc. (TGLS) 10% owner Energy Holding Corp acquired a total of 519,412 shares an average price of $42.26. To acquire these shares, it cost around $21.95 million. A. O. Smith: The Trade: A. O. Smith Corporation (AOS) Director Michael M Larsen acquired a total of 4,000 shares at an average price of $66.89. To acquire these shares, it cost around $267.54 thousand.
Tuesday 3/14 Insider Buying Report: CFR, SOFI (Nasdaq.com)
On Monday, Cullen/Frost Bankers’ CEO, Phillip D. Green, made a $1.01M purchase of CFR, buying 9,500 shares at a cost of $106.59 a piece. Green was up about 8.4% on the buy at the high point of today’s trading session, with CFR trading as high as $115.50 in trading on Tuesday. Cullen/Frost Bankers is trading up about 10.7% on the day Tuesday. This buy marks the first one filed by Green in the past year. And on Friday, Chief Executive Officer Anthony Noto bought $995,094 worth of SoFi Technologies, buying 180,000 shares at a cost of $5.53 each. Before this latest buy, Noto purchased SOFI at 16 other times during the past twelve months, for a total investment of $10.29M at an average of $4.93 per share. SoFi Technologies is trading up about 3.1% on the day Tuesday. Noto was up about 3.8% on the purchase at the high point of today’s trading session, with SOFI trading as high as $5.74 at last check today.
Coinbase Files Amicus Brief in Insider Trading Case: ‘We Need Rulemaking’ (Coin Desk)
The exchange denies any of the tokens former Coinbase manager Ishan Wahi traded with associates were securities because Coinbase doesn’t list securities – but it would like to if the SEC gave it proper rules and guidance. The digital assets that Coinbase lists are not securities, but Coinbase, if given proper guidance and rules from the Securities and Exchange Commission, would like to list securities, Coinbase said Monday in an amicus brief. But the SEC’s willingness to work with the exchange in a productive fashion has been limited, the brief reads.
