Private Equity and Hedge Fund Investors Increasingly Focusing on Outcomes as ESG Integration Deepens (PrivateEquityWire.co.uk)
A new report from LGT Capital Partners (LGT CP) shows that alternative investors are increasingly focusing on ESG outcomes in order to address key issues including climate change and diversity & inclusion (D&I). The ninth annual ESG Report from LGT Capital Partners analyses the activities of 344 managers globally (including 267 private equity managers) and assesses the improvements made in ESG practices. The ESG Report also details a new framework employed by LGT CP to assess the physical and transition risks of its private debt portfolios. In addition, LGT CP shows how it is aligning the carbon footprints of its hedge fund and other liquid portfolios to the requirements of the Paris Agreement.
Teneo Capital Management Sees Longterm Opportunities for Cannabis Stocks in the US (Opalesque)
Cannabis companies have boomed in recent years as legalization efforts at the state level in the US move forward. New York and New Jersey are the most recent states to approve recreational cannabis, while still others have it in their legislative pipelines. Federal approval for cannabis is ultimately the goal, but it remains unclear when or if supporters will be able to make it happen. In the meantime, a number of Canadian cannabis companies are setting up outposts in states where it is legal – creating new opportunities for investors.
Significant Upside Potential for Private Markets (Preqin)
The forces driving success in private markets are aligned in The Lucky Country. Alexandre Schmitz, Managing Partner and Head of APAC at Capstone Partners, explains how stability, sophistication, and growth have created a unique opportunity. Australia has enjoyed 29 years of sustained macroeconomic growth, with GDP expanding at a CAGR of 3.2% between 1990 and 2019. Growth has surpassed all other developed economies, owing mostly to its proximity to the powerhouses of China and Southeast Asia.
Tuesday 6/1 Insider Buying Report: PAY, OVLY (Nasdaq.com)
At Paymentus Holdings, a filing with the SEC revealed that on Friday, Director William Ingram purchased 47,619 shares of PAY, for a cost of $21.00 each, for a total investment of $999,999. So far Ingram is in the green, up about 50.0% on their purchase based on today’s trading high of $31.49. Paymentus Holdings is trading up about 2.2% on the day Tuesday. This purchase marks the first one filed by Ingram in the past year. And also on Friday, Director Janet S. Pelton purchased $94,842 worth of Oak Valley Bancorp, purchasing 5,000 shares at a cost of $18.97 each. This buy marks the first one filed by Pelton in the past twelve months. Oak Valley Bancorp is trading up about 3.6% on the day Tuesday. Pelton was up about 3.4% on the buy at the high point of today’s trading session, with OVLY trading as high as $19.61 in trading on Tuesday.
SEBI Finds Insider Trading In Infosys’ Shares (Bloomberg Quint)
The market regulator has found two employees of Infosys Ltd. guilty of violating its insider trading regulations. It has passed interim directions against Venkata Subramaniam, senior principal, corporate accounting group; and Pranshu Bhutra, senior corporate counsel at the company. Along with these two, six other entities have been barred from capital markets and given 21 days to file objections against the order. The six entities have allegedly made illegal gains of Rs 3.06 crore on the basis of information communicated by Subramaniam and Bhutra, according to Securities and Exchange Board of India.
The Non-Executive of Cresco Labs (Other OTC: CRLBF) is Buying Shares (Analyst Ratings)
Today, the Non-Executive of Cresco Labs (CRLBF), Gerald Francis Corcoran, bought shares of CRLBF for $224.8K. Following this transaction Gerald Francis Corcoran’s holding in the company was increased by 148% to a total of $379.8K. Following Gerald Francis Corcoran’s last CRLBF Buy transaction on November 27, 2020, the stock climbed by 2.0%. Based on Cresco Labs’ latest earnings report for the quarter ending December 31, the company posted quarterly revenue of $171 million and GAAP net loss of -$48,180,000.
