Othania’s One-Stop Product (Hedge Nordic)
Stockholm (HedgeNordic) – “Diversification is the only free lunch” in investing, says one quote attributed to Nobel Prize winner Harry Markowitz. In response to client demand, Danish boutique asset manager Othania has launched a fund of funds that represents a “one-stop” solution providing access to a wide range of asset classes via investments in hedge funds, alternative investment funds, and exchange-traded funds (ETFs).
Hedge Fund Trader Loses Extradition Ruling in Tax Fraud Case (Bloomberg)
Veteran trader Guenther Klar lost his fight to avoid extradition to Belgium, where he’s wanted for questioning in the country’s investigation into tax fraud. He would be the first trader extradited from the U.K. to another country as part of a probe related to controversial Cum-Ex trading. Prosecutors want to question the 51-year-old in relation to an alleged 22 million-euro ($26.7 million) fraud, according to court documents.
World’s Biggest Short Selling Hedge Fund Scaling Down, Institutional Investor Says (Seeking Alpha)
Sophos Capital Management, which as of a year ago was the world’s biggest hedge fund dedicated to short selling, is scaling back, Institutional Investor reported earlier. Sophos, founded by Jim Carruthers, has been telling people that the fund has been winding down some positions since late last year, according to individual familiar with Carruthers. The firm, which was started in 2014 helped by a seed investment from Yale’s endowment, is not being shut down, according to people close to the matter.
Thursday 1/14 Insider Buying Report: LNDC, GBIO (Nasdaq.com)
At Landec, a filing with the SEC revealed that on Tuesday, Nelson Obus bought 20,000 shares of LNDC, for a cost of $10.76 each, for a total investment of $215,248. Obus was up about 4.1% on the buy at the high point of today’s trading session, with LNDC trading as high as $11.20 at last check today. Landec is trading up about 2.6% on the day Thursday. Before this latest buy, Obus made one other purchase in the past twelve months, buying $103,023 shares for a cost of $10.30 a piece. And at Generation Bio, there was insider buying on Monday, by Donald William Nicholson who bought 4,081 shares at a cost of $24.50 each, for a total investment of $99,984.
Ringcentral Inc (RNG) CFO Mitesh Dhruv Sold $8.1 million of Shares (Guru Focus)
CFO of Ringcentral Inc, Mitesh Dhruv, sold 20,819 shares of RNG on 01/12/2021 at an average price of $387.64 a share. The total sale was $8.1 million. RingCentral Inc provides software-as-a-service, or SaaS, solutions for business communications. Its solutions can be used in multiple devices including Smartphones, Tablets, PC’s and Desk Phones which allows for communication across multiple channels.
A Director at CF Bankshares (NASDAQ: CFBK) is Buying Shares (Analyst Ratings)
Today, a Director at CF Bankshares (CFBK), Robert Hoeweler, bought shares of CFBK for $105.7K. Following this transaction Robert Hoeweler’s holding in the company was increased by 41.87% to a total of $935.4K. Following Robert Hoeweler’s last CFBK Buy transaction on February 01, 2019, the stock climbed by 3.5%.
