New Hedge Funds Bask in Exxon’s Climate Spotlight (Reuters)
The successful board challenge against Exxon Mobil Corp (XOM.N) casts a spotlight on two recently launched sustainability-focused investment firms that took opposite sides in the high-stakes battle: Engine No. 1 and Inclusive Capital Partners. Engine No. 1 set the spark in January by formally nominating four directors to Exxon’s board, accusing it of not moving fast enough to diversify away from fossil fuels. Inclusive Capital Partners sided with Exxon after its founder Jeffrey Ubben joined the energy giant’s board in March, and argued it was already working with the company to improve its technology in areas such as carbon capture.
AVI Asks Third Point Investors to Tackle Its Discount (Quote Data)
AVI asks Third Point Investors to tackle its discount – Asset Value Investors, managers of AVI Global Trust, have written to the directors of Third Point Investors, the London-listed hedge fund, to ask them to convene a general meeting at which a resolution would be put to shareholders: THAT the existing investment policy of the Company (as set out in the annual report and audited financial statements of the Company for the year ended 31 December 2020) be changed as set out below, with the proposed changes being shown in blackline.
Bitcoin ETFs from Fidelity and Skybridge Capital are Under Review by the SEC (Business Insider)
The Securities and Exchange Commission is reviewing applications for bitcoin exchange-traded funds filed by Fidelity and SkyBridge Capital, the hedge fund founded by Anthony Scaramucci. The SEC is examining a request from Fidelity Investments to launch the Wise Origin Bitcoin Trust, according to a filing dated May 25, and it is looking at SkyBridge’s petition to start the First Trust SkyBridge Bitcoin ETF Trust, according to paperwork dated May 21.
Thursday 5/27 Insider Buying Report: QS, PCT (Nasdaq.com)
On Tuesday, QuantumScape’s Director, Brad W. Buss, made a $238,257 purchase of QS, buying 10,000 shares at a cost of $23.83 each. Buss was up about 11.9% on the purchase at the high point of today’s trading session, with QS trading as high as $26.67 in trading on Thursday. QuantumScape is trading down about 3% on the day Thursday. And at PureCycle Technologies, there was insider buying on Monday, by Corporate Controller Melissa Westerman who purchased 11,400 shares at a cost of $17.47 each, for a trade totaling $199,158. PureCycle Technologies is trading up about 1.1% on the day Thursday.
Anthem Inc (ANTM) EVP & CFO John E Gallina Sold $18.3 million of Shares (Guru Focus)
EVP & CFO of Anthem Inc, John E Gallina, sold 46,444 shares of ANTM on 05/24/2021 at an average price of $394.89 a share. The total sale was $18.3 million.
The President of Liquid Media Group (NASDAQ: YVR) is Selling Shares (Analyst Ratings)
Today, the President of Liquid Media Group (YVR), Charles Aaron Brezer, sold shares of YVR for $247.7K. Based on Liquid Media Group’s latest earnings report for the quarter ending November 30, the company posted quarterly revenue of $25.39K and GAAP net loss of -$1,413,453. In comparison, last year the company earned revenue of $1,923 and had a GAAP net loss of $2.5 million. The company has a one-year high of $7.50 and a one-year low of $1.27.
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