Hedge Fund and Insider Trading News: Elliott Management, Greenlight Capital, Origo Quest Fund, NVIDIA Corporation (NVDA), Yellow Corp (YELL), and More

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Asia Hedge Funds Avert Disaster on Scale of Financial Crisis with China’s Reopening (The Malaysian Reserve)
ASIA hedge funds narrowly averted their first year of double-digit losses since the 2008 financial crisis after China’s sudden easing of Covid restrictions spurred a late market rally. Funds including those run by Aspex Management, Triata Capital, Yunqi Capital and Brilliance Asset Management pared a significant portion, if not all, of their 2022 losses during the final two months of last year. A Eurekahedge Pte Ltd gauge of regional hedge fund returns finished the year down 8.4%, after losses exceeding 13% through the end of October put it on course for the second-ever annual double-digit decline.

Accused Hedge-Fund Fraudster Not So Sure It’s OK For Feds To Bully His Lawyers Into Betraying Him (Deal Breaker)
The matter of the collapse of two Allianz hedge funds in the early days of the COVID-19 pandemic taught us – or those who hoped to hide their fraud behind a little global plague, or really in any way—that it’s always a good idea, when confronted by the authorities with evidence that you just lied to their faces, to have a better plan than to ask to use the facilities before walking straight out the front door.

Alcur’s Third Win in a Row (Hedge Nordic)
Stockholm (HedgeNordic) – Alcur Fonder’s first hedge fund, Alcur, has been named “Hedge Fund of the Year” by Swedish business magazine Privata Affärer for a third consecutive year. Alcur, which employs a low-net equity strategy, ended 2022 in positive territory at 8.2 percent to reach an annualized return of 10.6 percent over the past three years.

Wednesday 2/1 Insider Buying Report: YELL, CAMP (Nasdaq.com)
On Friday, Yellow’s Director, Chris T. Sultemeier, made a $123,279 buy of YELL, purchasing 29,000 shares at a cost of $4.25 a piece. Investors have the opportunity to bag YELL even cheaper than Sultemeier did, with shares trading as low as $3.29 at last check today — that’s 22.6% under Sultemeier’s purchase price. Yellow is trading off about 0.3% on the day Wednesday. And also on Friday, Director Wes Cummins bought $112,970 worth of CalAmp, buying 25,000 shares at a cost of $4.52 a piece. Before this latest buy, Cummins purchased CAMP on 11 other occasions during the past twelve months, for a total cost of $4.44M at an average of $3.96 per share. CalAmp is trading up about 1.8% on the day Wednesday. Cummins was up about 5.3% on the purchase at the high point of today’s trading session, with CAMP trading as high as $4.76 in trading on Wednesday.

NVIDIA, Micron Technology Club And 2 Other Stocks Insiders Are Selling (Benzinga)
NVIDIA: The Trade: NVIDIA Corporation (NVDA) EVP and CFO Colette Kress sold a total of 10,741 shares at an average price of $200.00. The insider received around $2.15 million from selling those shares. Micron Technology: The Trade: Micron Technology, Inc. (MU) EVP, Technology & Products Scott Deboer sold a total of 20,000 shares at an average price of $62.23. The insider received around $1.24 million from selling those shares.

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