As Rocket Share Surge Hits Hedge Funds, New AI Data Survey Charts GameStop Effect in Meme Stocks (Hedge Week)
With shares in heavily-shorted real estate services firm Rocket surging more than 70 per cent this week, a new study by London-based AI start-up causaLens explores the ways in which so-called ‘meme’ stocks, popular with online amateur traders, could potentially face short squeezes. Using short interest data provided by 2iQ, a transaction and short interest rate data provider, the causaLens study examined four such names – GameStop, Tesla, AMC, and Nokia – popular on the sub-Reddit forum WallStreetBets, as well as two large established names, Google and Apple.
The Best UCITS Hedgies (Hedge Nordic)
Stockholm (HedgeNordic) – The Hedge Fund Journal, a monthly magazine out of London focusing on the global hedge fund industry, has announced the winners of the 2021 UCITS Hedge Awards. Seven Nordic funds have been distinguished at this year’s edition of the UCITS Hedge Awards. The winners of all categories at the UCITS Hedge Awards are determined based on risk-adjusted returns, namely Sharpe ratios. Only hedge fund vehicles listed in the LuxHedge database qualify for the UCITS Hedge Awards. The data and quantitative measures of performance used to select the candidates and winners were provided by LuxHedge, a marketplace for Alternative UCITS funds.
SEC Probes Whistle-Blower’s Claims That Hedge Fund Harmed Yale (BNN Bloomberg)
(Bloomberg) — U.S. regulators are examining a whistle-blower’s claims that Deccan Value Investors harmed Yale University’s multibillion-dollar endowment when the Ivy League school pulled about $400 million from the hedge fund in 2019, said two people familiar with the matter. The Securities and Exchange Commission started asking Deccan general questions — including queries about how it handled Yale’s investment — last year after the tipster alleged that securities managed on the college’s behalf were sold at prices below the best available in the market, said the people who asked not to be named because the request was private. Information on how Yale’s position was unwound were among details sought by officials in the SEC’s enforcement division, the people said.
Friday 3/5 Insider Buying Report: TDY, D (Nasdaq.com)
At Teledyne Technologies, a filing with the SEC revealed that on Thursday, Executive Chairman Robert Mehrabian bought 10,000 shares of TDY, for a cost of $361.54 each, for a total investment of $3.62M. So far Mehrabian is in the green, up about 3.9% on their purchase based on today’s trading high of $375.70. Teledyne Technologies Inc is trading up about 0.7% on the day Friday. Before this latest buy, Mehrabian made one other purchase in the past year, buying $3.66M shares for a cost of $366.05 each. And on Wednesday, CEO Robert M. Blue purchased $999,998 worth of Dominion Energy, purchasing 14,402 shares at a cost of $69.44 each. Dominion Energy is trading up about 0.1% on the day Friday. Investors can buy D even cheaper than Blue did, with shares changing hands as low as $67.89 in trading on Friday — that’s 2.2% under Blue’s purchase price.
Enphase Energy Inc (ENPH) President & CEO Badrinarayanan Kothandaraman Sold $12.8 million of Shares (Guru Focus)
President & CEO of Enphase Energy Inc, Badrinarayanan Kothandaraman, sold 74,342 shares of ENPH on 03/03/2021 at an average price of $172.29 a share. The total sale was $12.8 million. Enphase Energy Inc delivers energy management technology for the solar industry. The company designs, develops, manufactures and sells home energy solutions that connect solar generation, energy storage, and management on one intelligent platform.
