Stafford Capital Partners Wraps Up Fourth Infrastructure Secondaries Fund at $731m (Opalesque.com)
UK-based independent private markets investment and advisory firm Stafford Capital Partners has closed it’s Stafford Infrastructure Secondaries Fund IV (SISF IV) with €731 million ($731 million) of commitments, making it the largest fund in the firm’s history. The fund was backed by 33 investors across 13 countries, said a press release from the Capital market company. Alongside these commitments, Stafford raised an additional £100m ($116m) managed account for geographically focussed infrastructure secondary transactions.
Billionaires Can’t Stop Buying This Fintech Stock on Sale (The Motley Fool)
Notable billionaire investors are looking to squeeze more value out of this once-hot fintech. This has been a challenging year for professionals and retail investors alike. The S&P 500 got off to its worst six-month start in 52 years, and growth stocks have taken the brunt of the hit. PayPal (PYPL -3.58%) is one beaten-down growth stock that has dipped nearly 70% from its all-time high price set last year. The fintech has experienced slowing growth, and earlier this month, investors learned that activist investor Elliot Investment Management took a $2 billion stake in PayPal. Hedge funds were buyers too. D.E. Shaw added 3.9 million shares, nearly doubling the hedge fund’s position, and Ray Dalio‘s Bridgewater Associates added 1 million shares of the fintech. So if billionaires are buying PayPal, should you?
Hedge Fund Haidar’s Return Tops 225% as Macro Firms See Benefits of Soaring Inflation (Bloomberg)
Hedge fund Haidar Capital is leading a pack of macro trading firms that are making the most of the global struggle to keep inflation under control. Said Haidar’s $3.3 billion Haidar Jupiter Fund soared an estimated 29.6% in the four weeks through Aug. 26, boosting this year’s return to more than 225%, according to investor documents seen by Bloomberg.
New PM at KLP’s Market-Neutral Fund (Hedge Nordic)
Stockholm (HedgeNordic) – David Bhatti, a shipping analyst at SEB, has joined Simon Roksund Johannessen in managing energy-focused market-neutral equity fund KLP Alfa Global Energi as portfolio manager. Torkel Aaberg, who has been managing KLP Alfa Global Energi alongside Johannessen since the beginning of 2015, left KLP Kapitalforvaltning earlier this year after more than 13 years as portfolio manager at the firm.
Future Fund’s Hedge Fund Stars Defy Downturn (AFR.com)
The Future Fund has been pondering for years how to insulate its near $200 billion portfolio from the scourge of higher inflation and rising interest rates. The sovereign wealth fund’s chief executive, Raphael Arndt, says inflation is going to persist for a while, even if it softens from currently elevated levels. “We don’t think central banks will be able to raise rates sufficiently to kill inflation given how leveraged everything is and the political environment,” Arndt told The Australian Financial Review after the sovereign fund’s update.
Thursday 9/1 Insider Buying Report: RILY, BKNG (Nasdaq.com)
At B. Riley Financial, a filing with the SEC revealed that on Wednesday, Director Randall E. Paulson purchased 25,000 shares of RILY, at a cost of $49.76 each, for a total investment of $1.24M. B. Riley Financial is trading off about 1.9% on the day Thursday. Before this latest buy, Paulson purchased RILY at 5 other times during the past twelve months, for a total cost of $5.33M at an average of $54.65 per share. And at Booking Holdings, there was insider buying on Monday, by Robert J. Mylod Jr. who bought 500 shares at a cost of $1912.37 each, for a trade totaling $956,182. Before this latest buy, Mylod Jr. made one other purchase in the past twelve months, buying $967,220 shares at a cost of $1934.44 each. Booking Holdings is trading off about 1.9% on the day Thursday. Investors have the opportunity to pick up BKNG even cheaper than Mylod Jr. did, with the stock changing hands as low as $1835.40 in trading on Thursday which is 4.0% under Mylod Jr.’s purchase price.
Insiders Selling Electronic Arts, Shoe Carnival And This Consumer Defensive Stock (Business Insider)
PriceSmart: The Trade: PriceSmart, Inc. (NASDAQ:PSMT) Director Robert E Price sold a total of 20,000 shares at an average price of $64.09. The insider received around $1.28 million from selling those shares. Shoe Carnival: The Trade: Shoe Carnival, Inc. (NASDAQ:SCVL) Director Andrea R Guthrie sold a total of 1,665 shares at an average price of $24.04. The insider received around $40.03 thousand as a result of the transaction. Electronic Arts: The Trade: Electronic Arts Inc. (NASDAQ:EA) Director, CEO and Board Chair Andrew Wilson sold a total of 7,373 shares at an average price of $130.05. The insider received around $958.88 thousand from selling those shares.
