Managing ESG as a Multi-Manager (Hedge Nordic)
Stockholm (HedgeNordic) – The Nordic countries might well have been at the forefront of worldwide sustainability efforts in recent years. With Brummer & Partners being one of the leading players in the Nordic hedge fund industry since its early days in the 1990s, the Stockholm-based hedge fund group has also played a major role in pushing sustainability forward in the industry. Brummer & Partners, which has built – and is continuously reshaping – a family of funds through strategic relationships with hedge fund managers from different corners of the world, has a unique ability to encourage its underlying fund managers to develop and embrace sustainability efforts.
Top 3 Hedge Funds Betting Against GameStop Stock (The Street)
Short sellers are constantly targeting GameStop shares. Here are the top three hedge funds betting against GME. After a painful drop since their peak on November 22, GameStop (GME) shares have finally found their way up again, trading 13% higher in the past week. Still, as GME shareholders — AKA the “Ape Army” — hold on for bigger gains, hedge funds continue to short the stock.
Tuesday 12/21 Insider Buying Report: H, CMTG (Nasdaq.com)
At Hyatt Hotels, a filing with the SEC revealed that on Friday, Alejandro Reynal purchased 48,000 shares of H, at a cost of $83.47 each, for a total investment of $4.01M. So far Reynal is in the green, up about 5.3% on their purchase based on today’s trading high of $87.85. Hyatt Hotels is trading up about 5.4% on the day Tuesday. Before this latest buy, Reynal made one other purchase in the past year, buying $4.01M shares for a cost of $83.47 a piece. And also on Friday, CEO and Chairman Richard Mack bought $1.90M worth of Claros Mortgage Trust, buying 114,904 shares at a cost of $16.58 a piece. Before this latest buy, Mack made one other buy in the past twelve months, purchasing $5.00M shares for a cost of $18.65 a piece. Claros Mortgage Trust is trading up about 4.3% on the day Tuesday.
Man Charged in $82M Hacking, Insider Trading Scheme (Manufacturing.net)
Hackers accessed earnings from Tesla, Snap Inc., Roku and other U.S. companies before they became public. BOSTON (AP) — One of five Russian nationals who authorities allege made tens of millions of dollars in illegal profits by trading shares of companies using information stolen during hacks of U.S. computer networks has been extradited to the U.S. to answer to the charges, federal prosecutors in Boston announced Monday.
The President of Starwood Property (NYSE: STWD) is Buying Shares (Analyst Ratings)
Yesterday, the President of Starwood Property (STWD), Jeffrey Dimodica, bought shares of STWD for $148.6K. In addition to Jeffrey Dimodica, one other STWD executive reported Buy trades in the last month. Based on Starwood Property’s latest earnings report for the quarter ending September 30, the company posted quarterly revenue of $233 million and quarterly net profit of $129 million.
