Hedge Fund and Insider Trading News: James Dinan, George Soros, Coast Capital, Archegos Capital, Bumble Inc (BMBL), Zebra Technologies Corp. (ZBRA), and More

Here are 4 York Capital Alums Starting their Own Funds After Billionaire Jamie Dinan Pulled his Firm Out of the Hedge Fund Game (Business Insider)
Billionaire Jamie Dinan decided he was done with the hedge fund game after decades in the business, announcing at the end of last year that his York Capital was going to wind down its US and European funds to focus on more illiquid investments. But for at least four of Dinan’s employees, there’s still a lot that hedge funds have to offer – and they are each launching or spinning out their own firms.

Fund Manager Exits Swedish AM to Work in Private Equity (CityWireSelector.com)
Francesco Salemme, multi-asset portfolio manager at SEB Investment Management, is leaving the firm. Salemme has been with the asset manager for seven years and was managing discretionary portfolios for UHNW clients, investing across equity, bonds hedge funds, private equity and real estate. In a LinkedIn post, Salemme, who was based in Luxembourg, said he was hired by a private equity business. The name of the company was not disclosed.

Friday 5/28 Insider Buying Report: BMBL, J (Nasdaq.com)
At Bumble, a filing with the SEC revealed that on Wednesday, Director Amy Griffin bought 117,500 shares of BMBL, at a cost of $42.81 each, for a total investment of $5.03M. So far Griffin is in the green, up about 13.5% on their purchase based on today’s trading high of $48.57. Bumble is trading up about 4.3% on the day Friday. And also on Wednesday, Director Christopher M.T. Thompson purchased $1.40M worth of Jacobs Engineering Group, purchasing 10,000 shares at a cost of $140.22 a piece. Jacobs Engineering Group, is trading up about 0.2% on the day Friday. So far Thompson is in the green, up about 1.7% on their purchase based on today’s trading high of $142.57.

Corning Inc (GLW) Chairman and CEO Wendell P Weeks Sold $4.4 million of Shares (Guru Focus)
Chairman and CEO of Corning Inc, Wendell P Weeks, sold 100,000 shares of GLW on 05/27/2021 at an average price of $44 a share. The total sale was $4.4 million.

The CSO of Zebra Tech (NASDAQ: ZBRA) is Selling Shares (Analyst Ratings)
Yesterday, the CSO of Zebra Tech (ZBRA), Michael Cho, sold shares of ZBRA for $1.07M. Following Michael Cho’s last ZBRA Sell transaction on March 08, 2021, the stock climbed by 37.5%. In addition to Michael Cho, 5 other ZBRA executives reported Sell trades in the last month. Based on Zebra Tech’s latest earnings report for the quarter ending March 31, the company posted quarterly revenue of $1.35 billion and quarterly net profit of $228 million.