Schroders Unveils Sustainable Food and Water Fund (Opalesque)
British multinational asset management company Schroders has announced the launch of two new funds with the twin aims of capitalizing on companies that are decarbonizing faster than their peers and driving the transition towards more sustainable food and water. The asset manager looks to capitalize on a transition towards more sustainable practices through a new strategy. According to a press release from the global investment manager, Schroder ISF Global Sustainable Food and Water will be managed by Mark Lacey, Felix Odey, and Alex Monk. It forms part of Schroders Global Transformation Range, a suite of funds giving investors long-term exposure to the most powerful and persistent themes shaping the world’s future.
‘Black Swan’ Hedge Fund Sees Lower Returns from Risk Capital (Reuters)
Dec 16 (Reuters) – “Black Swan” hedge fund Universa Investments expects lower returns from risk capital including equity markets over the next few years due to frothy valuations.
Gladiator to Merge Into Adrigo (Hedge Nordic)
Stockholm (HedgeNordic) – After a year of hefty losses, Max Mitteregger’s long/short equity fund Gladiator Fond will be merged with Adrigo Small & Midcap L/S under Adrigo’s management. Following nearly 17 years at the helm of Gladiator Fond, Mitteregger will continue to serve as Senior Advisor to East Capital Group’s Adrigo platform. Both Adrigo Small & Midcap L/S and Gladiator Fond operate as actively managed equity hedge funds investing in Nordic companies, sharing many similarities in terms of management strategy, focus and risk mandate.
A Major Shareholder at Six Flags (NYSE: SIX) is Buying Shares (Analyst Ratings)
Yesterday, a Major Shareholder at Six Flags (SIX), Rehan Jaffer, bought shares of SIX for $8.45M. In addition to Rehan Jaffer, 8 other SIX executives reported Buy trades in the last month. Following this transaction Rehan Jaffer’s holding in the company was increased by 2.59% to a total of $344 million. Based on Six Flags’ latest earnings report for the quarter ending September 30, the company posted quarterly revenue of $638 million and quarterly net profit of $157 million.
Wednesday 12/15 Insider Buying Report: IMMR, MEG (Nasdaq.com)
On Tuesday, Immersion’s, Eric Singer, made a $744,346 purchase of IMMR, buying 143,000 shares at a cost of $5.21 each. Singer was up about 5.3% on the buy at the high point of today’s trading session, with IMMR trading as high as $5.48 in trading on Wednesday. Immersion is trading up about 4.4% on the day Wednesday. And on Monday, Director Janet Risi Field bought $499,855 worth of Montrose Environmental Group, buying 7,275 shares at a cost of $68.71 a piece. This buy marks the first one filed by Field in the past year. Montrose Environmental Group is trading down about 2.4% on the day Wednesday.
A Director at Keysight Technologies (NYSE: KEYS) is Selling Shares (Analyst Ratings)
Yesterday, a Director at Keysight Technologies (KEYS), James Cullen, sold shares of KEYS for $1.38M. Following James Cullen’s last KEYS Sell transaction on June 04, 2019, the stock climbed by 125.8%. In addition to James Cullen, 3 other KEYS executives reported Sell trades in the last month. Based on Keysight Technologies’ latest earnings report for the quarter ending October 31, the company posted quarterly revenue of $1.29 billion and quarterly net profit of $282 million.
