How Chase Coleman Became a Hedge Fund Legend (Institutional Investor)
Twenty years after launching a hedge fund firm with a seed investment from legendary hedge fund manager Julian Robertson, Jr., Chase Coleman is taking a well-deserved victory lap. The elite investment manager, who never speaks with the press or at conferences, recently sent off a six-page 20-year anniversary letter to clients, which was obtained by Institutional Investor. The letter recalled Tiger Global’s unlikely launch, reflected on past accomplishments and mistakes, and envisioned the next 20 years – all in a sober, non-boastful tone.
Dealmaker One Rock Capital Raises Biggest Ever Flagship Fund at $2bn Hard Cap (Opalesque.com)
One Rock Capital Partners, the middle-market buyout shop, held a final close of its third middle-market buyout fund, One Rock Capital Partners III, at its $2 billion hard cap. The firm, which focuses on manufacturing, chemicals, and auto-retail companies, exceeded its $1.5 billion target with commitments from institutional investors including pensions, insurers, and health organizations. The latest fund, the largest fund to date, is more than twice the size of its predecessor, the $964 million One Rock Capital Partners II, said a press release from the New York-based private equity firm.
Hedge Fund Manager Alan Howard Leads $25M Raise for Crypto Custodian Komainu (Nasdaq.com)
According to an announcement Tuesday, other participants in the fundraising round included Galaxy Digital, NOIA Capital and Nomura Research Institute, which have now become strategic partners to the firm. Komainu was established in 2018 as a joint venture involving Japan’s Nomura bank, digital asset security firm Ledger and crypto investment firm CoinShares, which all contributed to this latest round of financing.
C3.AI Inc (AI) CEO Thomas M Siebel Sold $192 million of Shares (Guru Focus)
CEO of C3.ai Inc, Thomas M Siebel, sold 2,263,241 shares of AI on 03/10/2021 at an average price of $84.82 a share. The total sale was $192 million. C3.ai Inc has a market cap of $8.53 billion; its shares were traded at around $84.560000 with and P/S ratio of 38.47.
A Director at AMC Networks (NASDAQ: AMCX) is Selling Shares (Analyst Ratings)
On March 9, a Director at AMC Networks (AMCX), Brian Sweeney, sold shares of AMCX for $2.44M. This is Sweeney’s first transaction since reporting a Buy transaction on MSGN back in September 2015 In addition to Brian Sweeney, 3 other AMCX executives reported Sell trades in the last month.
Thursday 3/11 Insider Buying Report: NRK, EVFM (Nasdaq.com)
At Nuveen New York AMT-Free Municipal Income Fund, a filing with the SEC revealed that on Wednesday, Vice President Michael A. Perry bought 8,568 shares of NRK, at a cost of $13.48 each, for a total investment of $115,473. Nuveen New York AMT-Free Municipal Income Fund is trading up about 0.6% on the day Thursday. And at Evofem Biosciences, there was insider buying on Tuesday, by Chief Executive Officer Saundra L. Pelletier who purchased 45,249 shares at a cost of $2.28 each, for a trade totaling $103,168. Evofem Biosciences is trading down about 2.2% on the day Thursday. Pelletier was up about 19.7% on the buy at the high point of today’s trading session, with EVFM trading as high as $2.73 in trading on Thursday.
