One Year On: Fresh Energy and Perspective Into Origo (Hedge Nordic)
Stockholm (HedgeNordic) – Christoffer Ahnemark joined small- and mid-cap-focused asset manager Origo Fonder in the summer of 2021, after years of researching and writing about Nordic small- and micro-cap stocks for the Aktiespararen magazine of the Swedish Shareholders’ Association. The experience and ability to peel down and strip away all unnecessary financial jargon and details to truly understand a business and create a succinct investment case are now helping Ahnemark run Origo Fonder’s recently-launched long-only fund Origo Seleqt.
Trend Following Hedge Funds Capitalise on Market Turmoil (Hedge Week)
Ongoing financial market disruption and geopolitical challenges are helping trend following hedge funds to register big returns, with Graham Capital Management, Aspect Capital, AlphaSimplex and AQR Capital Management all near or over 40% up so far in 2022, according to a report by Reuters. The report cites Yao Hua Ooi, principal and co-head of macro strategies at the $143 billion hedge fund AQR – which is up 70% YTD – as pointing out that trend strategies work best when volatility levels are high. And with stock market volatility, as measured by the CBOE Volatility Index, having risen sharply since August, and an ICE BofA index tracking US Treasury volatility at its highest since March 2020, conditions are optimal for trend following managers to thrive.
Billionaire Investor Bill Ackman is Floating a Peace Plan for Ukraine That, Like Elon Musk’s, Requires Giving Major Concessions to Russia (Business Insider)
Billionaire investor Bill Ackman has floated a peace plan for Ukraine that involves letting Russia keep Crimea. Ackman, the founder of hedge fund Pershing Square, wrote on Twitter on Sunday that an armistice to restore Ukraine’s borders as of February 23 — before the Russian invasion — could end the war. “Crimea was part of Russia until 1954 and is largely comprised of ethnic Russians, which was apparently why the world did little when Russia annexed it back in 2014,” Ackman tweeted. “If we return to the status quo ex ante 2/24, Russia is not rewarded for its aggression and Ukraine can immediately begin to rebuild with support from the West.”
Alan Howard-Backed Crypto VC Fund Names Valour’s Diana Biggs as Partner (Financial News)
Early-stage crypto fund 1kx, which is backed by hedge fund billionaire Alan Howard, has named Diana Biggs as a partner. Biggs joins 1kx from Valour, where she worked as CEO of the firm’s digital asset ETP business and also as the company’s chief strategy officer. Before that she was the global head of innovation and private banking at HSBC.
Tuesday 10/18 Insider Buying Report: AZZ, AXR (Nasdaq.com)
At AZZ, a filing with the SEC revealed that on Friday, COO – Precoat Metals Kurt L. Russell bought 3,000 shares of AZZ, at a cost of $34.89 each, for a total investment of $104,670. So far Russell is in the green, up about 6.4% on their buy based on today’s trading high of $37.11. AZZ is trading up about 5.3% on the day Tuesday. And on Thursday, Director Edward B. Cloues II purchased $10,600 worth of AMREP, purchasing 1,000 shares at a cost of $10.60 a piece. Before this latest buy, Cloues II purchased AXR on 4 other occasions during the past year, for a total cost of $103,169 at an average of $12.57 per share. AMREP is trading off about 0.5% on the day Tuesday. Cloues II was up about 5.0% on the buy at the high point of today’s trading session, with AXR trading as high as $11.13 at last check today.
NVIDIA, Accenture And This Restaurant Stock Insiders Are Selling (Benzinga)
NVIDIA: The Trade: NVIDIA Corporation (NVDA) Director Mark A Stevens sold a total of 87,500 shares at an average price of $119.65. The insider received around $10.47 million from selling those shares. Accenture: The Trade: Accenture PLC (ACN) Chief Executive – Europe Jean-Marc Ollagnier sold a total of 6,250 shares at an average price of $254.99. The insider received around $1.59 million as a result of the transaction.
