Why Ray Dalio’s Bridgewater Fund Just Tripled Its GameStop and AMC Positions (The Street)
Ray Dalio‘s Bridgewater hedge fund recently reported a nearly threefold increase in its GameStop and AMC positions. Let’s find out why. Bridgewater Associates, the world’s largest hedge fund, roughly tripled its positions in AMC Entertainment and GameStop during the last quarter of 2022. Compared to the magnitude of Bridgewater’s assets under management, the fund’s AMC and GME holdings are insignificant. It’s likely the hedge fund bought GME and AMC in order to gain exposure to the new role retail investors are playing in the markets.
This Hedge Fund Pro Is Remaking Northern Trust’s Fixed Income Investing Process (Think Advisor)
Tom Swaney, a 25-year veteran of the U.S. bond market and hedge fund industries, has been global fixed income CIO since September. Among his goals is collaboration between the fixed income and equity groups. He expects the Fed will be successful in bringing down core inflation but acknowledges the outlook is complicated. Northern Trust Asset Management is making significant progress in its ongoing effort to reimagine and modernize its investment approach for clients on both the equity and fixed income sides of the portfolio, according to Tom Swaney, NTAM’s chief investment officer of global fixed income.
BlackRock’s Hedge Fund Star Seeks $1 Billion After 12% Loss (Bloomberg)
BlackRock Inc. star money manager Alister Hibbert is raising $1 billion for his hedge fund following the worst ever annual loss for his equity-focused strategy. London-based Hibbert will reopen the BlackRock Strategic Equity Hedge Fund for additional cash from the end of March, according to an investor document seen by Bloomberg. The fund had been closed to new investments since 2019.
Relative Value Paid Off in Fixed-Income Turmoil (Hedge Nordic)
Stockholm (HedgeNordic) – Fixed-income assets and fund managers focused on the space faced a challenging 2022, “a year many investors would have liked to have missed,” according to Henrik Stille, a portfolio manager at Nordea. The European-focused relative value fixed-income hedge fund he runs out of Copenhagen navigated the turmoil to advance 10.2 percent in 2022, ending the year as the best-performing fixed-income vehicle in the Nordic hedge fund universe.
Thursday 2/16 Insider Buying Report: VFC, CMPX (Nasdaq.com)
On Monday, VFC’s Director, Juliana L. Chugg, made a $400,305 buy of VFC, purchasing 15,000 shares at a cost of $26.69 a piece. So far Chugg is in the green, up about 4.0% on their purchase based on today’s trading high of $27.75. VFC is trading down about 0.8% on the day Thursday. This purchase marks the first one filed by Chugg in the past year. And at Compass Therapeutics, there was insider buying on Wednesday, by CHIEF EXECUTIVE OFFICER Thomas J. Schuetz who purchased 20,000 shares at a cost of $3.86 each, for a trade totaling $77,200. Before this latest buy, Schuetz bought CMPX at 18 other times during the past twelve months, for a total cost of $961,761 at an average of $2.78 per share.
Microsoft, S&P Global And 3 Other Stocks Insiders Are Selling (Benzinga)
S&P Global: The Trade: S&P Global Inc. (SPGI) EVP, Global Head of Strategy Sally Moore sold a total of 3,499.29 shares at an average price of $367.30. The insider received around $1.29 million from selling those shares. Microsoft: The Trade: Microsoft Corporation (MSFT) EVP, Chief Marketing Officer Christopher C Capossela sold a total of 1,000 shares at an average price of $272.32. The insider received around $272.32 thousand from selling those shares.
