No-Drama Hedge Fund Davidson Kempner Closes In on $40 Billion (Bloomberg)
Davidson Kempner Capital Management’s investing chief doesn’t own a sports team or a gaudy mansion. He doesn’t bloviate on Twitter. And while the firm’s returns aren’t astonishing, they’re always steady. Boring, quipped one competitor, is its brand. But boring has worked just fine for DK, as the firm is known on Wall Street.
Nordic Hedge Fund Industry Report 2022 (Hedge Nordic)
Stockholm (HedgeNordic) – While Nordic hedge funds had a decent showing in 2021 and the previous three years, the new year did not start well. Despite the difficult start to 2022, the Nordic hedge fund industry is finding freshness in its life, with new launches coming up, more volatility – hence opportunities – across markets and securities to exploit and performance improvements.
Ackman’s Fund Likely Feeling the Netflix Pain as Shares Plunge (Reuters)
BOSTON (Reuters) – Three months ago hedge fund manager William Ackman cheered when Netflix’s stock price suddenly dropped, buying up 3 million shares as other investors fretted over weak subscriber growth at the streaming company. On Tuesday, the billionaire investor’s hedge fund, Pershing Square Capital Management, was likely nursing losses as Netflix shares tumbled 26% in after-hours trading after the company reported losing subscribers for the first time in a decade.
How Hedge Fund Managers Can Land a Spot on Coveted Investment Consultants’ Recommended List (Business Insider)
Hedge-fund managers might think their asset size or track record alone will get them on an investment consultant’s radar. But there are over 10,000 hedge funds overseeing a combined total of over $2.4 trillion in assets under management, according to hedge fund data provider With Intelligence, and investment consultants only allow an exclusive cadre on their coveted manager recommended lists that are shared with clients like foundations or family offices.
Wednesday 4/20 Insider Buying Report: LQDA, ZDGE (Nasdaq.com)
On Monday, Liquidia’s Director, Paul B. Manning, made a $2M purchase of LQDA, buying 392,156 shares at a cost of $5.10 a piece. So far Manning is in the green, up about 12.0% on their purchase based on today’s trading high of $5.71. Liquidia is trading up about 3% on the day Wednesday. And at Zedge, there was insider buying on Monday, by Director Mark Ghermezian who bought 4,355 shares at a cost of $5.81 each, for a total investment of $25,300. Zedge Inc is trading down about 0.8% on the day Wednesday. Ghermezian was up about 5.2% on the buy at the high point of today’s trading session, with ZDGE trading as high as $6.11 at last check today.
Executives Sell Over $740M Of 4 Stocks (Benzinga)
Callon Petroleum: The Trade: Callon Petroleum Company (CPE) 10% owner Stephen Schwarzman sold a total of 193,099 shares at an average price of $61.60. The insider received around $11.9 million from selling those shares. PG&E: The Trade: PG&E Corporation (PCG) 10% owner PG&E Fire Victim Trust sold a total of 60,000,000 shares at an average price of $12.04. The insider received around $722.4 million from selling those shares.
