Crypto Hedge Fund Argentium Names New CIO (Hedge Week)
London-based crypto hedge fund Argentium Digital Asset Management has named Jerome Dupuy as its new chief investment officer. Dupuy, an industry veteran with more than 30 years’ expertise, specialising in relative value trading, was already a senior adviser at Argentium with a focus on volatility. He began his career at Société Générale before moving to JPMorgan to run equity derivatives for the Asia-Pacific region. He then joined Lehman Brothers, running volatility trading across Asia Pacific for the firm in Tokyo. Later, he developed the global relative value business at BIP in Paris, an in-house hedge fund later taken over by Dresdner Bank.
BTCS Appoints Veteran Finance Executive Andrew Lee as CFO (GlobeNewsWire)
Silver Spring, MD, June 28, 2021 (GLOBE NEWSWIRE) — BTCS Inc. (OTCQB: BTCS) (“BTCS” or the “Company”), a blockchain technology focused company, today announced the appointment of Andrew Lee as Chief Financial Officer. Mr. Lee was previously an Executive/Entrepreneur-in-Residence at Kylin Management, a multibillion-dollar Tiger Cub hedge fund. He spearheaded private investments, investing alongside names like Thiel Capital and Soros Fund Management. Prior to this, Mr. Lee worked for Apple and for bulge bracket investment banks. He holds an MBA from Wharton.
Bitcoin Hasn’t Bottomed Until Dogecoin ($DOGE) Hits $0.01, Hedge Fund Founder Suggests (CryptoGlobe)
John Hempton, founder and co-owner of hedge fund Bronte Capital, has suggested on social media a hypothesis that said the price of the flagship cryptocurrency bitcoin will only hit a bottom after Dogecoin (DOGE) drops below $0.01. In a tweet, Hempton said that the cryptocurrency market is in a speculative mania as long as the meme-inspired cryptocurrency still has a large value. The price of top cryptocurrencies including BTC would then keep on dropping until DOGE lost most of its value.
Monday 6/28 Insider Buying Report: SENEA, DCTH (Nasdaq.com)
At Seneca Foods, a filing with the SEC revealed that on Thursday, Chairman Arthur S. Wolcott bought 2,036 shares of SENEA, for a cost of $50.09 each, for a total investment of $101,982. Seneca Foods is trading down about 0.1% on the day Monday. Before this latest buy, Wolcott purchased SENEA at 2 other times during the past twelve months, for a total investment of $69,281 at an average of $48.93 per share. And at Delcath Systems, there was insider buying on Thursday, by Director Steven A. J. Salamon who purchased 4,500 shares at a cost of $10.90 each, for a trade totaling $49,050. Before this latest buy, Salamon bought DCTH at 2 other times during the past year, for a total investment of $53,300 at an average of $11.84 per share. Delcath Systems Inc is trading up about 1.6% on the day Monday. Salamon was up about 10.6% on the buy at the high point of today’s trading session, with DCTH trading as high as $12.05 in trading on Monday.
Legal Reforms to Boost Korean Private Equity (Preqin)
The Korean private equity industry has witnessed strong growth in recent years, and incoming legal reforms could provide a major boon for both managers and investors. The private equity industry in Korea has witnessed steady growth over the past 15 years, with AUM targeting the country reaching a record KRW 111tn in 2020 across 285 unique fund managers and 942 active funds, according to Preqin data. Though the industry is strictly regulated under the Private Equity Fund System (Capital Market Act) 2004, there are a number of structural factors behind this growth.
The Chairman & Chief Executive Officer of Artis Real Estate Investment (Other OTC: ARESF) is Buying Shares (Analyst Ratings)
Today, the Chairman & Chief Executive Officer of Artis Real Estate Investment (ARESF), Samir Aziz Manji, bought shares of ARESF for $933.9K. Based on Artis Real Estate Investment’s latest earnings report for the quarter ending March 31, the company posted quarterly revenue of $121 million and quarterly net profit of $71.86 million. In comparison, last year the company earned revenue of $119 million and had a GAAP net loss of $111 million. The company has a one-year high of $9.51 and a one-year low of $5.34.
Insider Trading: June 28, 2021 (BIV.com)
Insider Wilhelm K. T. Zours, 10% Owner. Company: Thesis Gold Inc. (TSX-V:TAU). Shares owned: 1,600,000. Trade date: June 11. Trade total: $1,500,000. Trade: Sale of 1,000,000 shares at a price of $1.50 per share. Insider Michael Nielsen, Director. Company: Macro Enterprises Inc. (TSX-V:MCR). Shares owned: 173,000. Trade date: June 16. Trade total: $349,650. Trade: Sale of 129,500 shares at a price of $2.70 per share.
