Portal Asset Management launches actively managed Multi-Strategy Fund (Opalesque)
Portal Asset Management, an award-winning crypto asset management advisory firm, today announced the launch of its third fund, which is focused on outperforming Bloomberg’s Galaxy Crypto Index (BGCI) with reduced volatility of 35%-50% annualised. The Portal Radiance Multi-Strategy Hedge Fund comes in response to tremendous demand from forward-looking investors seeking to get the most from the exponential world of digital assets with a professional institutional-grade approach.
Investors Choice: Accendo and OAM (Hedge Nordic)
Stockholm (HedgeNordic) – Two members of the Nordic hedge fund industry, Accendo Capital and OAM Absolute Return Fund, have been awarded “Investors Choice” awards at the 2022 Investors Choice Awards for the EMEA (Europe, the Middle East, and Africa) region organized by data platform Allocator. The shortlisted funds for the Investors Choice Awards – recognized as “Top Performer” winners – are determined based on absolute returns over the 12 months ending December 2021.
U.S. Investigates How Wall Street Handles Its Biggest Trades (Bloomberg)
Frank Fu, a Cornell-educated engineer turned hedge fund manager, opened CaaS Capital Management two years ago to focus on block trading, one of the last bastions of old Wall Street. In the firm’s first full year Fu posted a jaw-dropping 76% return. Now, Fu and one of his key contacts at Morgan Stanley, Pawan Passi, are said to be among more than a dozen industry executives whose communications are being scrutinized in a sweeping U.S. probe into how Wall Street firms handle big trades. Investigators are examining, among other things, whether banks improperly tipped hedge funds to pending sales big enough to move markets.
Thursday 3/17 Insider Buying Report: LSEA, APPS (Nasdaq.com)
At Landsea Homes, a filing with the SEC revealed that on Tuesday, Chief Executive Officer John Ho purchased 65,248 shares of LSEA, at a cost of $7.77 each, for a total investment of $506,833. So far Ho is in the green, up about 16.9% on their buy based on today’s trading high of $9.08. Landsea Homes is trading up about 4.3% on the day Thursday. This buy marks the first one filed by Ho in the past year. And on Monday, Director Robert M. Deutschman bought $474,900 worth of Digital Turbine, buying 15,000 shares at a cost of $31.66 a piece. Before this latest buy, Deutschman purchased APPS at 2 other times during the past twelve months, for a total cost of $307,590 at an average of $51.27 per share. Digital Turbine is trading up about 4.2% on the day Thursday. So far Deutschman is in the green, up about 26.7% on their purchase based on today’s trading high of $40.10.
Executives Buy Around $22M Of 4 Stocks (Benzinga)
Appian: The Trade: Appian Corporation (APPN) 10% owner Colin Moran acquired a total of 140,000 shares at an average price of $52.83. To acquire these shares, it cost around $7.4 million. JELD-WEN Holding: The Trade: JELD-WEN Holding Inc. (JELD) 10% owner Turtle Creek Asset Management Inc acquired a total of 350,041 shares at an average price of $23.27. To acquire these shares, it cost around $8.15 million.
