Schonfeld Hiring Spree Continues with Appointments in London and New York (Hedge Week)
New York-based multi-strategy hedge fund firm Schonfeld has continued its hiring spree with senior appointments on both sides of the pond – portfolio manager Andrew Prentice in London, and head of business analytics Amit Gupta in the Big Apple, according to a report by eFinancial Careers. Prentice, an Oxford-educated physicist, was most recently an executive director at Goldman Sachs, working in European government bond trading. He previously worked for Deutsche Bank and Barclays.
Hedge Fund Point72 Hired Jefferies’ CTO (eFinancialCareers.com)
Multistrategy hedge funds are hiring in a big way this year and Point72, the hedge fund of New York Mets owner Steve Cohen, is no different. It’s not about portfolio managers though: Point72’s latest addition is a new chief information security officer (CISO): Ramin Safai. Safai joined this month from Jefferies, where he was both CISO and CTO. He spent 12 years at Jefferies, joining as a managing director and chief information security officer in 2011, before also being promoted to CTO in 2015.
Hedge Funds Post Mixed Performance in May (Opalesque)
Opalesque Industry Update – Hedge funds posted mixed performance in May as banking volatility evolved throughout the month following the closure and acquisition of First Republic Bank by J.P. Morgan. Financials and Energy declined for the month though Technology and AI surged through May-end and into June. The HFRI 500 Fund Weighted Composite Index declined – 0.2 percent (estimated) in May as managers navigated banking, energy and (primarily positive) technology volatility with performance led by Relative Value Arbitrage and Macro strategies. The HFRI Fund Weighted Composite Index (FWC) posted mixed performance in May, also declining -0.2 percent, as modest gains in Relative Value strategies were offset by declines in Event-Driven strategies, according to data released by HFR.
Thursday 6/8 Insider Buying Report: LFMD, FCPT (Nasdaq.com)
At LifeMD, a filing with the SEC revealed that on Tuesday, Director Bertrand Velge bought 139,500 shares of LFMD, at a cost of $2.18 each, for a total investment of $303,878. So far Velge is in the green, up about 6.9% on their buy based on today’s trading high of $2.33. LifeMD is trading up about 2.7% on the day Thursday. This purchase marks the first one filed by Velge in the past twelve months. And at Four Corners Property Trust, there was insider buying on Wednesday, by Director Douglas B. Hansen who bought 9,425 shares at a cost of $26.53 each, for a trade totaling $250,045. This purchase marks the first one filed by Hansen in the past year. Four Corners Property Trust is trading down about 0.6% on the day Thursday.
$1.8M Bet On DISH Network? Check Out These 3 Stocks Insiders Are Buying (Benzinga)
DISH Network: The Trade: DISH Network Corporation (DISH) Director James Defranco acquired a total of 300,000 shares an average price of $6.00. To acquire these shares, it cost around $1.8 million. M&T Bank: The Trade: M&T Bank Corporation (MTB) Sr. EVP and CFO Daryl Bible acquired a total of 10,000 shares at an average price of $120.61. To acquire these shares, it cost around $1.21 million.
