Brobacke is Back in the Game (Hedge Nordic)
Stockholm (HedgeNordic) – There is significant heterogeneity in the universe of multi-asset investment solutions. Despite an extensive variety of approaches, Nils Brobacke still saw more room for innovation and distinctiveness in the Nordic multi-asset space. He launched a multi-asset global macro fund – Brobacke Global Allokering – under the umbrella of Alfakraft Fonder in mid-November 2022 with the aim to deliver stable returns in both bull and bear markets.
Beware, Hedge Funds! A Giant Short Squeeze Could Be Brewing in 2023. (Investor Place)
Hedge funds are covering short positions at the fastest pace since 2015. The amount of short coverings have even outpaced those of January 2021 when GameStop (GME) squeezed to unimaginable levels. The average hedge fund declined by 4.25% last year. Last year, the HFRI 500 Fund Weighted Composite Index, which measures average hedge fund performance, fell by 4.25%, marking the worst decline since 2018. Equity-based hedge funds had it even worse, posting losses of 10.37%, which still beat the S&P 500’s loss of 19.4%.
Hedonova recognised as the best Multi-Strategy fund by BarclayHedge’s Yearly Performance Rankings 2022 (EINNews.com)
Hedonova LLC recognised as the number one fund in the Multi-Strategy category by BarclayHedge’s Yearly Performance Rankings 2022 Paris-based hedge fund, Hedonova, is proud to announce that it has been recognized as the number one fund in the Multi-Strategy category for 2022 by BarclayHedge’s Yearly Performance Rankings. This highly prestigious award highlights the expertise and success of Hedonova in delivering exceptional returns for its clients. In addition to this recognition, Hedonova LLC has also been nominated in the same category for an award by Hedgeweek.
Thursday 2/9 Insider Buying Report: RILY, PMT (Nasdaq.com)
On Wednesday, B. Riley Financial (RILY)’s CEO B. Riley Securities, Inc., Andrew Moore, made a $774,928 purchase of RILY, buying 20,000 shares at a cost of $38.75 a piece. Moore was up about 6.5% on the buy at the high point of today’s trading session, with RILY trading as high as $41.27 in trading on Thursday. B. Riley Financial Inc is trading up about 2.1% on the day Thursday. Before this latest buy, Moore purchased RILY on 2 other occasions during the past twelve months, for a total investment of $699,980 at an average of $46.67 per share. And also on Wednesday, Director Marianne Sullivan purchased $285,945 worth of Pennymac Mortgage Investment Trust (PMT), purchasing 20,240 shares at a cost of $14.13 a piece.
Amazon, Tesla And 2 Other Stocks Insiders Are Selling (Benzinga)
Palo Alto Networks: The Trade: Palo Alto Networks, Inc. (PANW) Director, EVP, Chief Technology Officer Nir Zuk sold a total of 72,000 shares at an average price of $167.38. The insider received around $12.05 million from selling those shares. Tesla: The Trade: Tesla, Inc. (TSLA) CFO Zachary Kirkhorn sold a total of 3,750 shares at an average price of $193.00. The insider received around $723.75 thousand from selling those shares.
