Hedge Fund and Insider Trading News: Dan Loeb, Ray Dalio, Sanjay Shah, Asana, Inc. (ASAN), Coinbase Global Inc (COIN), and More

Sam Bankman-Fried’s FTX Ventures and Anthony Scaramucci’s SkyBridge Deal Marries the Companies’ Love for Crypto with the Safety of More Stable Investments. (Business Insider)
One of the more interesting developments last Friday happened in the crypto space. Sam Bankman-Fried — founder of crypto exchange FTX and known by his initials SBF — acquired a 30% stake in SkyBridge Capital, an alternative investment firm. The deal was inked through SBF’s venture-capital firm FTX Ventures and will support growth initiatives for SkyBridge. SkyBridge, the hedge fund run by Anthony Scaramucci, will use the money from FTX to buy $40 million in cryptocurrencies, which it will hold on its balance sheet. The hedge fund’s decision to bet big on crypto comes during a tough patch for SkyBridge because its holdings of digital assets have plummeted and investors have sought redemptions from the fund.

Insider Trading: September 12, 2022 (BIV.com)
Insider James A Pattison, 10 per cent owner. Company: Westshore Terminals Investment Corp. (TSX:WTE). Shares owned: 5,869,932. Trade date: August 26. Trade total: $6,798,624. Trade: Acquisition of 214,400 shares at a price of $31.71 per share. Insider Larry Childress, 10 per cent owner. Company: Fireweed Metals Corp. (TSX-V:FWZ). Shares owned: 10,702,190. Trade date: August 25. Trade total: $439,900. Trade: Acquisition of 830,000 shares at a price of $0.53 per share.

$350 Million Bet On This Technology Stock? 3 Stocks Insiders Are Buying (Benzinga)
Asana: The Trade: Asana, Inc. (ASAN) President, CEO and Director Dustin Moskovitz bought a total of 19,273,127 shares at an average price of $18.16. To acquire these shares, it cost around $350 million. Coinbase Global: The Trade: Coinbase Global, Inc. (COIN) Director Tobias Lutke acquired a total of 5,894 shares at an average price of $62.00. To acquire these shares, it cost around $365.43 thousand.

Olaplex Holdings, Inc. (NASDAQ:OLPX) Insiders Placed Bullish Bets Worth US$1.2m in the Last 12 Months (Nasdaq.com)
Quite a few insiders have dramatically grown their holdings in Olaplex Holdings, Inc. (NASDAQ:OLPX) over the past 12 months. An insider’s optimism about the company’s prospects is a positive sign. While insider transactions are not the most important thing when it comes to long-term investing, we do think it is perfectly logical to keep tabs on what insiders are doing.

Brother of Ex-Coinbase Manager Pleads Guilty to Insider Trading Charge (Reuters)
NEW YORK, Sept 12 (Reuters) – The brother of a former Coinbase Global Inc (COIN.O) product manager pleaded guilty on Monday to a wire fraud conspiracy charge in what U.S. prosecutors have called the first insider trading case involving cryptocurrency. Nikhil Wahi said in a virtual court hearing before U.S. District Judge Loretta Preska that he made trades based on confidential Coinbase information.