Hedge Fund Oceanwood Offers 4.4% Stake in Spanish Bank Unicaja (Reuters)
British hedge fund Oceanwood Capital Management is selling up to 117 million shares in Spanish bank Unicaja (UNI.MC) via accelerated bookbuilding, equal to a 4.4% stake or more than half of its total holding, bookrunner BOFA Securities said on Tuesday. At Tuesday’s closing price the stake on offer was worth around 124 million euros ($136.04 million). Oceanwood holds a 7.4% stake in Unicaja.
Crypto Hedge Funds Will Shake Up the Industry: Crypto Long & Short (CoinDesk)
It appears there are several hundred crypto hedge funds. PricewaterhouseCoopers counted more than 300 in 2022. And I expect the tally will rise amid an influx of institutional money. That growth will represent the industry’s next catalyzing event. Each of those hedge funds will have its own unique story. What follows is just one of them.
Hedge Fund Managers Scored Big. Investors? Not So Much (AFR.com)
Cynics often say about hedge funds that they are a compensation scheme masquerading as an asset class. If the critics are looking for ammunition to make their case, they need look no further than Sculptor Capital Management, the firm formerly known as Och-Ziff Capital Management. As a publicly listed company, Sculptor offers an unusual level of transparency.
Hedge Funds Boost Canada Bond Liquidity – Except in March 2020 (Bloomberg)
Hedge funds have helped boost liquidity in the C$1.06 trillion ($800 billion) Canadian government bond market in recent years, with the key exception of the market turmoil brought on by the Covid-19 pandemic in March 2020, according a research note from two Bank of Canada’s financial markets experts.
Wednesday 8/2 Insider Buying Report: AKRO, CBSH (Nasdaq.com)
On Tuesday, Akero Therapeutics (AKRO)’s , G. Walmsley Graham, made a $2.36M buy of AKRO, purchasing 55,000 shares at a cost of $42.95 a piece. Graham was up about 8.8% on the purchase at the high point of today’s trading session, with AKRO trading as high as $46.75 at last check today. Akero Therapeutics is trading up about 2.4% on the day Wednesday. Before this latest buy, Graham made one other buy in the past year, purchasing $15.44M shares for a cost of $29.69 a piece. And on Friday, Director Blackford F. Brauer purchased $265,004 worth of Commerce Bancshares (CBSH), purchasing 5,000 shares at a cost of $53.00 each. This buy marks the first one filed by Brauer in the past twelve months. Commerce Bancshares is trading off about 0.6% on the day Wednesday.
Over $4M Bet On Yellow Corp? Check Out These 3 Penny Stocks Insiders Are Aggressively Buying (Benzinga)
Yellow: The Trade: Yellow Corporation (YELL) 10% owner Farhad Nanji acquired a total of 7,105,388 shares an average price of $0.61. To acquire these shares, it cost around $4.36 million. 1847 Holdings: The Trade: 1847 Holdings LLC (EFSH) 10% owner Strategic Risk LLC acquired a total of 48,000 shares at an average price of $0.21. To acquire these shares, it cost around $10,080.
