Millennium, Barclays Hire Ex-Bank of America Staff in Paris (Bloomberg)
Hedge fund Millennium Management LLC and Barclays Plc have hired a number of bankers who left Bank of America Corp.’s Paris offices earlier this year, following a wave of departures at the U.S. lender. Romain Paternot, who was a director in equities synthetics and securities lending for the U.S. bank in Paris, joined Millennium’s Dubai office earlier this month, according to a person familiar with the move. Barclays has hired Niels Aage Juhl Christensen in Paris as Head of Equity Distribution Nordics, a person familiar with the move said. He previously led Bank of America’s equity team covering the Nordics.
Tampa Bay Times sells a big tract of land to real estate affiliate of hedge fund Alden Global Capital (Poynter)
The Tampa Bay Times will get a $21 million cash infusion after selling its former printing plant and the 27 acres it sits on in a deal announced Tuesday. The buyer is Twenty Lakes Holdings, a commercial real estate subsidiary of hedge fund Alden Global Capital. Alden has gained notoriety in recent years for aggressively seeking acquisitions in the newspaper industry – most recently when it bought Tribune Publishing in May — then drastically cutting newsrooms and other costs.
Why Tiger Global Bet on Crypto Firm CoinSwitch (Fortune India)
It is Tiger Global’s maiden investment in an Indian cryptocurrency startup. But before we begin with why Tiger chose CoinSwitch Kuber, let’s take a sneak peek into the crypto dossier. That which can’t be deciphered, how can it be governed, and what can’t be governed, how can it be regulated? That’s the state of cryptocurrencies as governments and central banks worldwide, including in India, try to figure out the functionality and utility of the new game in town.
Monday 8/30 Insider Buying Report: CRMT, IMVT (Nasdaq.com)
At America’s Car-Mart, a filing with the SEC revealed that on Thursday, Director Joshua G. Welch purchased 2,539 shares of CRMT, for a cost of $124.75 each, for a total investment of $316,740. Welch was up about 3.4% on the buy at the high point of today’s trading session, with CRMT trading as high as $128.99 in trading on Monday. America’s Car-Mart is trading up about 1.5% on the day Monday. And on Friday, Director Douglas J. Hughes purchased $150,355 worth of Immunovant, purchasing 18,247 shares at a cost of $8.24 each. This buy marks the first one filed by Hughes in the past twelve months. Immunovant is trading up about 1.4% on the day Monday. So far Hughes is in the green, up about 8.1% on their buy based on today’s trading high of $8.91.
The COO of Restaurant Brands International (NYSE: QSR) is Selling Shares (Analyst Ratings)
Yesterday, the COO of Restaurant Brands International (QSR), Joshua Kobza, sold shares of QSR for $3.57M. Following Joshua Kobza’s last QSR Sell transaction on January 07, 2021, the stock climbed by 2.1%. In addition to Joshua Kobza, 2 other QSR executives reported Sell trades in the last month. Based on Restaurant Brands International’s latest earnings report for the quarter ending June 30, the company posted quarterly revenue of $1.44 billion and quarterly net profit of $259 million. In comparison, last year the company earned revenue of $1.05 billion and had a net profit of $106 million. The company has a one-year high of $71.12 and a one-year low of $51.12.
