Cathie Wood Offloads Nvidia Ahead of Third-Quarter Earnings (Bloomberg)
Cathie Wood is once again offloading shares in her long-time favorite Nvidia Corp., as a slight rebound emerged ahead of the company’s earnings. Her flagship Ark Innovation ETF sold 167,914 shares on Friday, adding to a sale of 50,252 shares on Oct. 20, according to Wood’s firm Ark Investment Management LLC’s daily trading disclosures. Meanwhile, the Ark Next Generation Internet ETF sold 24,423 Nvidia shares on Thursday.
Holland Park Capital Launches Digital Hedge Fund, with a Target Size of $250m (Opalesque.com)
Singapore based Investment Research company Holland Park Capital group said that its unit Holland Park Digital Assets has launched a multi-strategy digital assets hedge fund. The Fund began trading under Holland Park Digital Assets with proprietary capital and intends to raise $250m over time from high net worth investors, said a media release. According to the release, Holland Park takes a multi-strategy, systematic approach to crypto trading and currently runs sleeves focused on fundamental long-biased investing, dynamic hedging, pair trading, and arbitrage. Annualized performance is targeted at 30-50% with a volatility of 30%. The Fund invests in a multitude of strategies either directly, through managed accounts or through fund investments and is well positioned to benefit from a diversified set of evolving strategies.
Billionaire GOP Megadonor Backs DeSantis For 2024: Time to ‘Move On’ From Trump (Mediaite.com)
Billionaire GOP megadonor Ken Griffin announced his support for Gov. Ron DeSantis (R-FL) in the 2024 presidential race and said it is time to “move on” from former President Donald Trump. Griffin, the head of hedge fund Citadel LLC who has donated almost $60 million to Republicans ahead of the midterms, told Politico in an interview published on Sunday that he would back the Florida governor, who’s up for re-election on Tuesday.
Insider Trading: November 7, 2022 (BIV.com)
Insider Todd Olson Anthony, officer. Company: First Majestic Silver Corp. (TSX:FR). Shares owned: 150,000. Trade date: Oct. 20, 21. Trade total: $2,016,950. Trade: Sale of 180,000 shares at prices from $10.97 to $11.47 per share. Insider Frank Giustra, 10% owner. Company: NG Energy International Corp. (TSX-V:GASX). Shares owned: 1,832,083. Trade date: Oct. 21, 24. Trade total: $590,085. Trade: Sale of 698,571 shares at prices from $0.76 to $0.89 per share.
$8.5 Million Bet On This Financial Services Stock? 4 Stocks Insiders Are Buying (Benzinga)
Frazier Lifesciences Acquisition: The Trade: Frazier Lifesciences Acquisition Corporation (FLAC) 10% owner Sharon Rose Shabet acquired a total of 847,062 shares an average price of $10.08. To acquire these shares, it cost around $8.54 million. Vertiv Holdings: The Trade: Vertiv Holdings Co (VRT) Director Joseph Deangelo bought a total of 71,600 shares at an average price of $13.99. To acquire these shares, it cost around $1 million.
