Chris Rokos’ Macro Hedge Fund Falls 17% in March After Bumper 2022 (Financial News)
Chris Rokos couldn’t celebrate his hedge fund’s bumper 2022 for long, as wrong-way bets on US government bonds left it reeling this month. Rokos Capital Management‘s £15.5bn macro hedge fund was down roughly 17% through 24 March, a person familiar with the matter told Financial News. The hedge fund’s year-to-date losses are now around 11.7%.
Brevan Howard’s Macro Fund Posts Second-Best Return in 15 Years (MarketWatch)
‘The macro landscape looks set to remain extremely interesting,’ says Brevan Howard non-executive chair Richard Horlick. In trying times, it can be a flip of the coin whether hedge funds can pull through for investors. Last year was no joke – fund managers had to wade through volatility from high inflation, soaring energy costs, shaky FX markets, and the war in Ukraine. Globally, hedge funds lost 4% for its investors last year, according to HFR data. But the volatility came as no surprise to Brevan Howard’s macro fund managers. They anticipated it and according to its annual report posted on Wednesday it proved “favorable” for its core macro strategies. The London-listed feeder fund BH Macro Fund posted almost 22% gains during 2022 – largely due to its positioning on global interest rates. That’s the second-strongest gain in 15 years.
Greenwich Hedge Fund Opens Norwalk Office (WestFairOnline.com)
Verition Fund Management LLC, a Greenwich-based hedge fund, has signed a lease agreement for 20,586 square feet at 45 Glover Ave. in Norwalk. The office building is part of the Towers at Merritt River, a corporate campus owned and operated by Building and Land Technology (BLT). Veriton also maintains offices in New York City and Singapore plus affiliate offices in London and Hong Kong. “We’re excited about the continued growth of companies moving into our buildings and their contributions to the long-term health of the local Connecticut economy,” said Carl Kuehner, chairman of BLT. “Our team has been hard at work in Stamford and Norwalk supporting the ecosystem for these new corporate entrants to thrive.”
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Hedge Fund WorldQuant Hires James Henderson from Squarepoint – Sources (Reuters)
LONDON (Reuters) – Hedge fund WorldQuant has hired James Henderson as deputy general manager based in London, two sources with knowledge of the matter told Reuters on Wednesday. WorldQuant is headquartered in Connecticut and was founded in 2007 by ex-video game programmer turned portfolio manager Igor Tulchinsky. It is a spin-out from Izzy Englander’s Millennium. WorldQuant manages money for Millennium and others, overseeing approximately $9 billion in assets under management.
Lars Wedenborn Strengthens Rhepa’s Board (Hedge Nordic)
Stockholm (HedgeNordic) – A well-designed and experienced board of directors is a powerful tool for any firm, including an asset management business. Rhenman & Partners Asset Management (“Rhepa”) has strengthened its board of directors with the addition of Lars Wedenborn, who has been part of the Wallenberg sphere since 2000, as an independent board member. “I am very much looking forward to being a part of Rhenman & Partners’ journey forward. Our focus going forward is on developing the organization and ensuring that the fund can create good returns,” Lars Wedenborn comments on his new role. “Rhenman & Partners is a high-performing company with competent people with impressive excellence and a fast work pace,” Wedenborn describes his first impressions since taking on the role. “The scientific advisory board that supports the investment team is a great asset.”
This Analyst Bootcamp Wants to Transform Training at Hedge Fund (Institutional Investor)
Inspired by the Point72 Academy, Fundamental Edge aims to better prepare junior employees and career-changers for the demanding industry. Some portfolio managers barely have enough time to do their own jobs — let alone teach their analysts how to do theirs. “It seems crazy, but I get it. I’ve been there,” said Brett Caughran, who spent 10 years working as an analyst and portfolio manager for hedge funds, including Maverick Capital, D. E. Shaw, and Citadel.
Thunes Bags $30m from Marshall Wace as Part of Series C Funding (FintechFutures.com)
Singapore-based cross-border payments firm Thunes has received a $30 million investment from UK-based hedge fund Marshall Wace, as disclosed in a recent filing with Singapore’s Accounting and Corporate Regulatory Authority. The funding forms part of an ongoing Series C round, with reports suggesting that Thunes may raise another $30 million as part of the round. On reaching out, Thunes tells FinTech Futures that it is unable to comment on any other potential investors or the total size of the investment round, however, it adds that conversations with global investors are “constant and ongoing” and that Thunes is seeing “strong interest” as it continues engaging investors.
Flybe Failure Puts Hedge Fund in a Spin (The Times)
The collapse of Flybe has delivered a hit of up to £70 million to entities linked with Lucien Farrell’s Cyrus Capital hedge fund. The regional airline fell into administration for a second time in January after it struggled to reboot its operations amid delays in aircraft deliveries. It was rescued from its first insolvency by Cyrus Capital when a turnaround effort led by Virgin Atlantic fell apart in March 2020. Flybe was officially transferred into a new operating company in April 2021 and received an equity injection of £20 million, as well as credit lines worth an initial £25 million.
Wednesday 3/29 Insider Buying Report: WOOF, DLTR (Nasdaq.com)
On Tuesday, Petco Health & Wellness’ CEO & Chairman, Ron Coughlin, made a $504,801 purchase of WOOF, buying 61,040 shares at a cost of $8.27 a piece. Coughlin was up about 8.2% on the purchase at the high point of today’s trading session, with WOOF trading as high as $8.95 at last check today. Petco Health & Wellness is trading up about 4% on the day Wednesday. This purchase marks the first one filed by Coughlin in the past twelve months. And at Dollar Tree, there was insider buying on Monday, by Chief Financial Officer Jeffrey A. Davis who purchased 1,790 shares at a cost of $139.06 each, for a trade totaling $248,917. Dollar Tree is trading up about 0.7% on the day Wednesday. Davis was up about 3.4% on the purchase at the high point of today’s trading session, with DLTR trading as high as $143.77 in trading on Wednesday.
3 Best Insider Trading Websites in 2023 (Insider Monkey)
In this article, we will take a look at the 3 best insider trading websites in 2023. If you want to explore similar websites, you can go to 8 Best Insider Trading Websites in 2023. 3. OpenInsider: Number of Years of Insider Trading Data: 4. OpenInsider is a financial website that provides investors with insights into insider trading activity in the stock market. The site offers an insider trading screener, which allows investors to filter insider trading data based on a range of criteria, including insider position, transaction type, and industry among others. The site offers insider filings for the past 4 years and is one of the best insider trading websites in 2023.
Insider Transactions and Acquisition by CFM Wealth Partners LLC at Morgan Stanley (NYSE: MS) (BestStocks.com)
Morgan Stanley (NYSE: MS) has been in the news recently, with several insider transactions and a new acquisition by &CFM Wealth Partners LLC. According to its most recent disclosure with the Securities & Exchange Commission (SEC), &CFM Wealth Partners LLC has bought 4,078 shares of the financial services provider’s stock, equating to approximately $347,000. Yet, it is not just outside investors who are involved in transactions with Morgan Stanley; insiders have also been active. Insider Andrew M. Saperstein sold an impressive 24,556 shares of Morgan Stanley’s stock on February 13th at an average price of $98.23 per share. The total transaction amounted to $2,412,135.88. Even following the sale, Saperstein still directly owns 190,440 shares in Morgan Stanley – now valued at $18,706,921.20.
Over $1M Bet On Stifel Financial? Check Out These 3 Stocks Insiders Are Buying (Benzinga)
Stifel Financial: The Trade: Stifel Financial Corp. (SF) Co-President James Zemlyak acquired a total of 20,000 shares an average price of $56.06. To acquire these shares, it cost around $1.12 million. Farmers National Banc Corp: The Trade: Farmers National Banc Corp. (FMNB) Director Gregory C Bestic acquired a total of 5,000 shares at an average price of $12.50. To acquire these shares, it cost around $62.5 thousand.
