Hedge Fund and Insider Trading News: Elliott Management, CQS Cayman L.P., Bridgewater Associates, Peregrine Capital, Cloudflare Inc (NET), Church & Dwight Co., Inc. (CHD), and More

Bridgewater’s Patterson Explains What could Make the World’s Largest Hedge Fund Invest in Bitcoin (TheBlockCrypto.com)
Rebecca Patterson,‎ director of investment research at Bridgewater Associates – the world’s largest hedge fund manager, has explained what could make the firm invest in bitcoin. In an interview with Bloomberg TV on Wednesday, Patterson said, firstly, bitcoin’s volatility needs to be reduced. “Right now, bitcoin can move 10% on a tweet. That’s not exactly a stronghold of wealth for most institutional investors,” she said, adding that bitcoin’s volatility is about ten times that of the U.S. dollar and still double that of the Venezuelan Bolivar.

Hedge Funds Attract $6.39bn of New Capital to Start 2021 (Opalesque)
Hedge funds attracted USD6.39 billion of new capital last month as investors piled into a wide variety of strategy types, particularly macro and managed futures, said eVestment. According to the just-released eVestment January 2021 Hedge Fund Asset Flows Report, January inflows are not uncommon for the hedge fund business, as eVestment data going back to 2010 shows only four times (2015, 2016, 2017, and 2019) January saw negative flows. However, coming off three consecutive years of annual outflows were almost $200 billion left the industry, January’s positive number will be welcome news to many in the hedge fund business.

Friday 2/26 Insider Buying Report: CHD, OLED (Nasdaq.com)
On Wednesday, Church & Dwight’s Director, James Craigie, made a $481,530 buy of CHD, purchasing 6,000 shares at a cost of $80.25 each. Investors can snag CHD even cheaper than Craigie did, with shares trading as low as $79.32 in trading on Friday — that’s 1.2% below Craigie’s purchase price. Church & Dwight is trading up about 0.5% on the day Friday. And on Tuesday, Director Cynthia Jane Comparin purchased $476,955 worth of Universal Display, purchasing 2,300 shares at a cost of $207.37 a piece. Before this latest buy, Comparin made one other purchase in the past year, buying $199,025 shares for a cost of $149.87 a piece. Universal Display is trading off about 0.5% on the day Friday.

Cloudflare Inc (NET) CEO & Chair of the Board Matthew Prince Sold $11.7 million of Shares (Guru Focus)
CEO & Chair of the Board of Cloudflare Inc, Matthew Prince, sold 157,155 shares of NET on 02/25/2021 at an average price of $74.6 a share. The total sale was $11.7 million. Cloudflare Inc has a market cap of $22.14 billion; its shares were traded at around $71.720000 with and P/S ratio of 50.05.

A Director at Conmed (NYSE: CNMD) is Selling Shares (Analyst Ratings)
On February 23, a Director at Conmed (CNMD), Mark Tryniski, sold shares of CNMD for $426.6K. Following Mark Tryniski’s last CNMD Sell transaction on March 07, 2017, the stock climbed by 87.6%. This is Tryniski’s first transaction since reporting a Sell transaction on CBU back in December 2019.