Veteran Wall Street Hedge Fund Manager Kris Crudo Sets Up His Own Family Office. (Digital Journal)
Kris Crudo, the founder of Lankershim Taft, a California-based Hedge Fund operation is best known in Wall Street insider circles as the fund manager who accurately traded the rise and fall of Cynk Technology Corp. A little-known Panamanian technology company whose stock price rose by 24,417% in less than four weeks in 2014. As one of his then peers (who wished to remain anonymous) would say, Kris’s claim to fame in the street is “Thee” fund manager at SAC Capital who made a fortune on both his Long and Short trade on CYNK, but that’s not new to us, he said.
CFO of World’s Largest Hedge Fund Joins NYDIG to Focus on Bitcoin (Bitcoin Magazine)
Earlier today, NYDIG announced that John Dalby, CFO of Bridgewater Associates, the world’s largest hedge fund, is joining its team and bringing more than two decades of experience in capital markets, asset management and financial services to its bitcoin services. Before joining Bridgewater, Dalby was CFO and COO at D.E. Shaw Renewables Investments, and the CFO of UBS Americas before that.
Tesla Short Seller Stanphyl Capital Is Making a Big Comeback (Institutional Investor)
Shorts on Tesla and ARKK have helped Mark Spiegel’s hedge fund gain almost 20 percent this year. Mark Spiegel’s Stanphyl Capital is coming back from the depths of its Tesla-short-induced misery. This year, the hedge fund is up 19.6 percent through April, bouncing back from a disastrous 2020, when it fell 11.5 percent as Tesla shares skyrocketed.
Friday 5/7 Insider Buying Report: CYCN, WY (Nasdaq.com)
At Cyclerion Therapeutics, a filing with the SEC revealed that on Wednesday, Chief Executive Officer Peter M. Hecht purchased 698,001 shares of CYCN, at a cost of $2.43 each, for a total investment of $1.69M. Hecht was up about 36.0% on the buy at the high point of today’s trading session, with CYCN trading as high as $3.30 in trading on Friday. Cyclerion Therapeutics is trading up about 20.1% on the day Friday. This buy marks the first one filed by Hecht in the past twelve months. And at Weyerhaeuser, there was insider buying on Wednesday, by CFO Nancy S. Loewe who purchased 10,000 shares for a cost of $38.56 each, for a total investment of $385,562. This buy marks the first one filed by Loewe in the past year. Weyerhaeuser is trading up about 1.2% on the day Friday. So far Loewe is in the green, up about 3.1% on their purchase based on today’s trading high of $39.75.
The Company Secretary of Sayona Mining (Other OTC: DMNXF) is Buying Shares (Analyst Ratings)
Yesterday, the Company Secretary of Sayona Mining (DMNXF), Paul Anthony Crawford, bought shares of DMNXF for $261.4K. This recent transaction increases Paul Anthony Crawford’s holding in the company by 6% to a total of $4.34 million. In addition to Paul Anthony Crawford, 2 other DMNXF executives reported Buy trades in the last month.
Cigna Corp (CI) President & CEO David Cordani Sold $10.9 million of Shares (Guru Focus)
President & CEO of Cigna Corp, David Cordani, sold 42,772 shares of CI on 05/04/2021 at an average price of $255.77 a share. The total sale was $10.9 million.
