Hedge Fund Manager Odey Pleads Not Guilty to Indecent Assault Charge (Reuters)
LONDON (Reuters) – Crispin Odey, one of Britain’s highest-profile hedge fund managers and political donors, pleaded not guilty in court on Monday to a charge of indecent assault. Odey, 61, was charged in May with indecently assaulting a woman in 1998 under the Sexual Offences Act. Appearing at Westminster Magistrates’ Court, the founder of Odey Management spoke to confirm his name and address and deny the charge.
Marble Ridge Reaches Agreement With Neiman Marcus – but a Texas Judge Has Sharp Words for the Hedge Fund (Institutional Investor)
Marble Ridge, whose founder Daniel Kamensky was arrested on fraud charges, appears to have struck a $10 million deal with the retailer, which was trying to freeze $55 million of the funds’ assets. Hedge fund Marble Ridge appears to have reached an agreement with retailer Neiman Marcus that could potentially end the two-year saga between the upscale department store chain and the hedge fund whose founder was arrested on criminal fraud charges over his conduct in the retailer’s bankruptcy proceedings. But in a Friday afternoon court hearing, a Texas judge had harsh words for the attorneys representing Marble Ridge over the fund’s latest court filing before the deal was announced.
Warren Buffett’s Berkshire Hathaway Gets Back to Basics with $600 million Scripps Deal After Shock Bets on Snowflake and Barrick Gold (Business Insider)
Warren Buffett‘s Berkshire Hathaway has shocked investors in recent weeks by dumping financial stocks, investing in a gold miner, and betting on a lossmaking technology company’s IPO. However, its latest deal shows it hasn’t completely torn up its traditional playbook. The famed investor’s conglomerate has committed $600 million to help finance Scripps’ $2.65 billion takeover of ION Media. In exchange, Berkshire will receive 6,000 preferred shares carrying an 8% annual dividend, paid quarterly. If the media group doesn’t pay in full and on time, the dividend rate will rises to 9% or more than $650 million a year.
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AIFM Conveyor Keeps Rolling (Hedge Nordic)
Stockholm (HedgeNordic) – Soon after the launch of Antiloop Hedge in early September, Swedish fund management company AIFM Group formally announced a collaboration with the multi-strategy hedge fund run by a four-member team with Anna Svahn in charge. AIFM, the independent fund company that helped set up Antiloop Hedge as an alternative investment fund, will also serve as the external risk manager for the fund on an ongoing basis.
INDOS Financial Recommends Asset Managers to Focus on Regulatory Governance Issues (InstitutionalAssetManager.co.uk)
“Asset managers are nowadays at risk of missing out on mandates if they cannot demonstrate that their governance and oversight measures are robust,” said Bill Prew, CEO of independent fund oversight provider INDOS Financial in a recent investment market commentary. “The current combination of intense global regulatory and institutional investor pressure is requiring more asset managers to enhance their internal operational processes and fund governance practices.”
Zoom Video Communications Inc (ZM) CEO Eric S. Yuan Sold $24.2 million of Shares (Guru Focus)
CEO of Zoom Video Communications Inc., Eric S. Yuan, sold 47,461 shares of ZM on 09/23/2020 at an average price of $509.97 a share. The total sale was $24.2 million. Zoom Video Communications Inc has a market cap of $141.22 billion; its shares were traded at around $496.50 with a P/E ratio of 636.54 and P/S ratio of 108.95. GuruFocus has detected 1 severe warning sign with Zoom Video Communications Inc.
Insider Weekends: Henry Samueli Buys $37 Million Worth Of Broadcom (Seeking Alpha)
Insider buying increased last week. Notable Insider Buys: Broadcom Inc., TravelCenters of America Inc., Kingsway Financial Services Inc., DaVita Inc., CB Financial Services, Inc. Notable Insider Sells: Elastic N.V., Zoom Video Communications, Inc., Beyond Meat, Inc., 89bio, Inc., Guardant Health, Inc.
The Chief Executive Officer of OrganiMax Nutrient (Other OTC: BNRJF) is Buying Shares (Analyst Ratings)
Today, the Chief Executive Officer of OrganiMax Nutrient (BNRJF), Brandon Rook, bought shares of BNRJF for $48K. This recent transaction increases Brandon Rook’s holding in the company by 96% to a total of $88.2K.
Notable Insider Buys Last Week: Snowflake, Broadcom And More (Benzinga)
Broadcom Inc. (AVGO) recently saw a director make a notable buy. More than 101,740 shares were indirectly acquired for $361.45 each. That totaled over $36.77 million. Note that a different director bought a small number of shares earlier this month, and an executive sold 2,000 shares recently. A Kodiak Sciences Inc. (KOD) beneficial owner returned to the buy window to pick up over 251,100 more shares of this clinical stage biopharmaceutical company. At $49.65 to $58.10 per share, that came to more than $13.22 million. That owner bought almost 323,000 shares earlier this month.
Datadog Inc (DDOG) CFO David M Obstler Sold $3.2 million of Shares (Guru Focus)
CFO of Datadog Inc., David M Obstler, sold 35,000 shares of DDOG on 09/23/2020 at an average price of $92.81 a share. The total sale was $3.2 million. Datadog Inc has a market cap of $27.5 billion; its shares were traded at around $90.65 with and P/S ratio of 42.58.
