U.S. Authorities Sue Infinity Q Capital Management, Alleging Fraud (Reuters)
WASHINGTON (Reuters) -U.S. authorities filed criminal and civil charges against the founder and former chief investment officer of investment adviser Infinity Q Capital Management LLC, alleging he engaged in a fraudulent scheme to inflate the value of assets the firm advised. Infinity Q was forced last year to liquidate its mutual funds after the U.S. Securities and Exchange Commission found that James Velissaris made potentially unreasonable adjustments to a pricing model used to value fund investments.
Blue Owl Assets Soar 34% for Quarter, 77% for Year (Pensions&Investments)
Blue Owl Capital on Thursday reported $94.5 billion in assets under management as of Dec. 31, up 34% from $70.5 billion at the end of the prior quarter and up from $53.3 billion and up 77% year-over-year. Blue Owl executives attributed its AUM growth to fundraising as well as the year-end completion of its acquisition of real estate manager Oak Street Real Estate Capital, which added its $15.4 billion in AUM to Blue Owl’s total as of Dec. 31.
London-Based Hedge Fund Continues to Gain from Out-of-Favour Segments of the Market (Opalesque)
A long-biased long/short equity strategy deploying long-term capital into small and mid-cap ideas in out-of-favour segments of the market returned 18% last year – after returning almost 50% in 2020. London-based Eschler Asset Management LLP is an independent investment practice modelled on the original Buffett Partnership. The managers, who invest heavily in the Partnership, look for resilient businesses in capital-constrained markets.
King Street’s Revival (Institutional Investor)
The credit-driven multistrategy firm has heavily expanded beyond its hedge fund roots. King Street Capital Management is enjoying a renaissance of sorts as it undergoes a transformation.The credit-driven multistrategy firm, which intentionally operated under the radar for many years, posted a 14.7 percent gain in its flagship fund in 2021, its best performance since 2009 and its second straight double-digit gain.
Friday 2/18 Insider Buying Report: NOTV, FLNC (Nasdaq.com)
On Thursday, Inotiv’s CEO, Robert Leasure Jr., made a $115,131 purchase of NOTV, buying 5,000 shares at a cost of $23.03 each. Bargain hunters have the opportunity to buy NOTV at a price even lower than Leasure Jr. did, with the stock changing hands as low as $21.01 in trading on Friday which is 8.8% below Leasure Jr.’s purchase price. Inotiv is trading up about 13.2% on the day Friday. This buy marks the first one filed by Leasure Jr. in the past twelve months. And on Tuesday, Director Julian Nebreda bought $104,000 worth of Fluence Energy, buying 8,000 shares at a cost of $13.00 each. This buy marks the first one filed by Nebreda in the past twelve months. Fluence Energy is trading off about 2.3% on the day Friday.
Executives Buy Around $500M Of 4 Stocks (Benzinga)
Kodiak Sciences: The Trade: Kodiak Sciences Inc. (KOD) Director Felix Baker acquired a total of 400,965 shares at an average price of $54.45. To acquire these shares, it cost around $21.83 million. Newmark Group: The Trade: Newmark Group, Inc. (NMRK) Chairman Howard W Lutnick acquired a total of 100,000 shares at an average price of $16.49. To acquire these shares, it cost around $1.65 million. Dun & Bradstreet Holdings: The Trade: Dun & Bradstreet Holdings, Inc. (DNB) Director DNB Holdco Llc bought a total of 2,3425,921 shares at an average price of $19.86. To acquire these shares, it cost around $465.24 million.
