Announcing the Winners of the 2022 Nordic Hedge Award (Hedge Nordic)
Stockholm (HedgeNordic) – HedgeNordic is pleased to announce the winners at the 2022 Nordic Hedge Award. We are pleased to have gathered the Nordic hedge fund community the old fashioned way: meeting old friends and making new connections with drinks and laughs, exchanging business cards and war stories in the flesh – all while celebrating outstanding talent and achievement in the Nordic hedge fund arena. A big round of applause to those determined as being the best Nordic hedge funds of 2022.
Recession-Wary Investors Pour $9.1 Billion into Hedge Funds in First Quarter (Reuters)
BOSTON (Reuters) – Hedge funds pulled in $9.1 billion in new money during the first three months of 2023, data showed on Friday, after last year’s hefty outflows as pension funds and other investors navigated a banking crisis and faced fresh fears of an economic downturn. It was the first quarterly inflow for hedge funds since early 2022, new data from Hedge Fund Research (HFR) showed.
Billion-Dollar Hedge Fund Startups Rise to Pre-Pandemic Levels (Bloomberg)
The biggest new hedge funds are raising more money, at levels not seen since before the pandemic, and the 2024 crop could include one of the largest startups in years. At least four new firms are poised to eclipse $1 billion by year-end, collectively bringing in at least $6.5 billion from investors, according to people with knowledge of the fundraising activities.
Time to Buy Man Group as Results Arrive Next Week, Says UBS (Proactive Investors)
Man Group PLC (LSE:EMG) was given an upgrade to ‘buy’ and a target price hike by UBS ahead of its first-quarter update next Wednesday. Performance fee expectations for the FTSE 250-listed hedge fund group have fallen sharply following a difficult March at its AHL strategies. But the UBS analysts said they think the 30% share price decline “more than reflects this”, with the shares now trading at “just” 13.5 times 2024 forecast management fee earnings.
Friday 4/21 Insider Buying Report: SFBS, QCRH (Nasdaq.com)
On Thursday, ServisFirst Bancshares’ CEO, Thomas A. Broughton, made a $149,853 purchase of SFBS, buying 3,000 shares at a cost of $49.95 each. ServisFirst Bancshares is trading up about 0.3% on the day Friday. Before this latest buy, Broughton bought SFBS at 3 other times during the past twelve months, for a total cost of $98,718 at an average of $73.23 per share. And also on Thursday, Director Marie Z. Ziegler bought $6,521 worth of QCR Holdings, buying 160 shares at a cost of $40.76 a piece. Before this latest buy, Ziegler purchased QCRH at 4 other times during the past twelve months, for a total cost of $26,117 at an average of $54.30 per share. QCR Holdings is trading up about 0.1% on the day Friday. So far Ziegler is in the green, up about 1.6% on their buy based on today’s trading high of $41.40.
Apple, Zoom Video And 2 Other Stocks Insiders Are Selling (Benzinga)
Apple: The Trade: Apple Inc. (AAPL) Senior Vice President Luca Maestri sold a total of 69,996 shares at an average price of $165.25. The insider received around $11.57 million from selling those shares. Zoom Video Communications: The Trade: Zoom Video Communications, Inc. (ZM) Chief Accounting Officer Shane Crehan sold a total of 11,049 shares at an average price of $68.13. The insider received around $752.77 thousand from selling those shares.
