David Tepper Stock Portfolio: Top 5 Stock Picks (Insider Monkey)
Below we analyze the David Tepper Stock Portfolio: Top 5 Stock Picks. For our methodology and a more comprehensive list of Tepper’s top stock picks, check out David Tepper Stock Portfolio: Top 10 Stock Picks. 5. Energy Transfer LP (NYSE:ET): Value of Appaloosa Management‘s 13F Position: $113 Million. Number of Hedge Fund Shareholders: 33.
Quarterly Hedge Fund Strategies Show Mixed Results (Pensions&Investments)
Global macro, event-driven, and commodity hedge fund strategies had weighted average third-quarter returns of 4.1%, 3.7% and 3%, respectively, based on funds administered by Citco Group. Almost three-quarters, or 74%, of event-driven funds had a positive return. Multistrategy, fixed-income arbitrage and equities had negative returns.
A Billionaire Hedge Fund Manager and a Famous Rapper Look at Capitalism the Same Way: An Opportunity to ‘Even that Playing Field’ in the Business World (Fortune)
Musicians today are carrying forward the genre’s tradition of speaking out on the perils of social inequality and the importance of helping their communities, but some think of capitalism as one of the most effective tools to do so. Michael “Killer Mike” Render counts himself as one of those artists. The Atlanta-born, Grammy Award-winning rapper and activist has been making waves in civil rights and social justice movements in recent years, speaking out against police brutality towards African Americans and criticizing systemic racism.
Wednesday 11/30 Insider Buying Report: MOFG, DDD (Nasdaq.com)
On Tuesday, MidWestOne Financial Group’s Chief Executive Officer, Charles N. Reeves, made a $856,738 purchase of MOFG, buying 24,858 shares at a cost of $34.47 each. MidWestOne Financial Group is trading off about 0.7% on the day Wednesday. And on Monday, CEO Jeffrey A. Graves bought $192,000 worth of 3D Systems, buying 20,000 shares at a cost of $9.60 a piece. Before this latest buy, Graves made one other buy in the past year, purchasing $106,480 shares at a cost of $10.50 each. 3D Systems is trading up about 4.2% on the day Wednesday.
$10 Million Bet On Canoo? Check Out These 3 Stocks Under $3 Insiders Are Buying (Benzinga)
Canoo: The Trade: Canoo Inc. (GOEV) Director, Executive Chairman and CEO Tony Aquila acquired a total of 9,009,009 shares at an average price of $1.11. To acquire these shares, it cost around $10 million. NeuroPace: The Trade: NeuroPace, Inc. (NPCE) 10% owner Accelmed Partners II L.P. acquired a total of 390,291 shares at at an average price of $1.50. The insider spent around $585.05 thousand to buy those shares.
PayPal, Netflix Top the List of Hedge Fund Favorites (Institutional Investor)
PayPal Holdings and streaming giant Netflix attracted the largest number of new hedge fund investors in the third quarter.At least 54 hedge funds established new positions in PayPal, while just 21 fully exited, for a net gain of 33 hedge fund investors, according to an analysis of the data from…
CFTC Charges Former Broker with Paying Brokerage Kickbacks and Misappropriating Nonpublic Information (HedgeCo.net)
(HedgeCo.Net) The Commodity Futures Trading Commission has issued an order simultaneously filing and settling charges against Lee Tippett, a former broker with Classic Energy, LLC, for participating in a scheme to pay kickbacks to Matthew Clark, a trader employed by one of Classic’s brokerage customers. The order finds Tippett made these kickback payments to Clark in exchange for Clark sending more brokerage business from his employer to Classic. According to the order, Tippett also participated in a scheme to misappropriate confidential block trade order information from the same Classic customer, facilitated fictitious trades, and made false statements to ICE Futures US.
