Hedge Fund Investors Clamor for Private Deals With IPOs Surging (Bloomberg)
Investors are increasingly betting on private markets — and they want to use hedge funds to do so. Private markets equities have emerged as the strategy most in demand among non-traditional offerings from hedge funds, according to a Credit Suisse Group AG report Tuesday. The appetite for growth and venture capital investments is increasing “as private companies and unicorns become a larger part of the capital markets ecosystem,” according to the bank.
EU to Make Fund Managers Back Up Sustainability Claims (The Wall Street Journal)
The European Union is bringing rules into effect on Wednesday that seek to regulate the fast-growing sustainable-finance industry for the first time. Managers of funds that invest in line with environmental, social or governance considerations, known as ESG, will have to put forward a tangible, measurable plan for how they will do so. This will apply to all asset managers that raise money in the EU, whether they are based within its borders or not, from March 10.
Tuesday 3/9 Insider Buying Report: INNV, GAIA (Nasdaq.com)
On Monday, Innovage Holding’s Director, Edward Moore Kennedy Jr., made a $483,000 buy of INNV, purchasing 23,000 shares at a cost of $21.00 each. So far Kennedy Jr. is in the green, up about 16.3% on their buy based on today’s trading high of $24.43. Innovage Holding is trading up about 3% on the day Tuesday. This purchase marks the first one filed by Kennedy Jr. in the past year. And on Friday, Director David Maisel purchased $274,540 worth of Gaia, purchasing 25,000 shares at a cost of $10.98 each. Gaia is trading up about 5.8% on the day Tuesday. Maisel was up about 27.5% on the purchase at the high point of today’s trading session, with GAIA trading as high as $14.00 at last check today.
What Did This CEO Just Do with Personal Shares of Repligen (NASDAQ: RGEN)? (Analyst Ratings)
Yesterday, the CEO of Repligen (RGEN), Anthony Hunt, sold shares of RGEN for $4.17M. Following Anthony Hunt’s last RGEN Sell transaction on March 05, 2020, the stock climbed by 87.7%. In addition to Anthony Hunt, 2 other RGEN executives reported Sell trades in the last month. Based on Repligen’s latest earnings report for the quarter ending December 31, the company posted quarterly revenue of $109 million and quarterly net profit of $19.7 million. In comparison, last year the company earned revenue of $69.47 million and had a net profit of $3.6 million. The company has a one-year high of $228.84 and a one-year low of $78.41. Currently, Repligen has an average volume of 474.70K.
The Cooper Inc (COO) President & CEO Albert G White Iii Sold $31 million of Shares (Guru Focus)
President & CEO of The Cooper Inc, Albert G White III, sold 79,745 shares of COO on 03/08/2021 at an average price of $388.62 a share. The total sale was $31 million. The Cooper Companies Inc is a medical device company operating through its subsidiaries. It manufactures products for contact lens wearers and supplies women’s health clinicians with products and treatment options to improve the delivery of healthcare.
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