BlackRock’s Hedge Fund Star Gets Paid More Than CEO Larry Fink (Bloomberg)
Meet Alister Hibbert, one of BlackRock Inc.’s best kept secrets. He’s the money manager whose hedge fund has enriched the firm, its clients and himself with a near 370% gain over the past decade. Hibbert’s name is rarely mentioned within the walls of the world’s largest asset management firm, and many employees don’t even know who he is. That’s even after his fund single-handedly earned almost half of BlackRock’s record performance fees last year, according to Bloomberg calculations.
Muddy Waters’ Carson Block Says Wall Street Is ‘Thoroughly Compromised by China Money’ (Institutional Investor)
When the House Financial Services Subcommittee on Capital Markets met on Tuesday for a hearing on Chinese companies listing on U.S. exchanges, some of the most knowledgeable witnesses abruptly canceled their appearances, Rep. Brad Sherman said in his opening statement. “Their decision to pull out of this hearing speaks loudly to China’s strong power over politics and economics here in the U.S.,” the California Democrat said during the hearing, entitled “Taking Stock of ‘China, Inc.’: Examining Risks to Investors and the U.S. Posed by Foreign Issuers in U.S. Markets.”
Daring Foods Raises $65 Million (Food Business News)
LOS ANGELES — Daring Foods, a maker of plant-based chicken analogs, raised $65 million in a Series C funding round led by Founders Fund, with participation from existing investor D1 Capital Group. New investors including professional tennis player Naomi Osaka, record producer Steve Aoki, hedge fund manager Chase Coleman and professional football player Cameron Newton also participated in the round, which brings Daring’s total funding to more than $120 million. The new funding follows a $40 million Series B round in May and an $8 million Series A round last October.
Wednesday 10/27 Insider Buying Report: SDIG, EPAC (Nasdaq.com)
On Friday, Stronghold Digital Mining’s Director, Thomas Pacchia, made a $49,989 buy of SDIG, purchasing 2,631 shares at a cost of $19.00 a piece. So far Pacchia is in the green, up about 44.5% on their buy based on today’s trading high of $27.45. Stronghold Digital Mining is trading off about 1.4% on the day Wednesday. And at Enerpac Tool Group, there was insider buying on Tuesday, by Richard D. Holder who bought 2,000 shares for a cost of $20.30 each, for a trade totaling $40,605. Enerpac Tool Group is trading up about 2.1% on the day Wednesday.
Riley Exploration Permian Insider Makes $2.6M Stock Purchase (Benzinga)
Gerald Alvin Libin, 10% Owner at Riley Exploration Permian (AMEX:REPX), made a large insider buy on October 27, according to a new SEC filing. What Happened: A Form 4 filing from the U.S. Securities and Exchange Commission on Wednesday showed that Libin purchased 100,482 shares of Riley Exploration Permian at at a price of $26.00. The total transaction amounted to $2,612,532.
The General Manager Mfg. Ops. of Vicor (NASDAQ: VICR) is Selling Shares (Analyst Ratings)
Today, the General Manager Mfg. Ops. of Vicor (VICR), Michael Mcnamara, sold shares of VICR for $2.08M. Following Michael Mcnamara’s last VICR Sell transaction on August 06, 2021, the stock climbed by 27.9%. In addition to Michael Mcnamara, 2 other VICR executives reported Sell trades in the last month. Based on Vicor’s latest earnings report for the quarter ending September 30, the company posted quarterly revenue of $84.91 million and quarterly net profit of $13.26 million.
