Professional Investors Set Up in-House Teams to Monitor Crypto and Digital Assets Markets, Says Digital Assets Hedge Fund Manager Nickel (Hedge Week)
A new study of institutional investors and wealth managers, who collectively manage around USD108.4 billion in assets, reveals 85 per cent now have dedicated teams reviewing cryptocurrencies and digital assets. The research, which was commissioned by London-based Nickel Digital Asset Management (Nickel), a European digital assets hedge fund manager founded by senior traders and investment professionals formerly from major financial institutions including Goldman Sachs and JPMorgan, reveals 21 per cent of these teams have only been running for the past three months, and 42 per cent were established between three and six months ago. Around 31 per cent were established between six months and a year ago while just 5 per cent have been operating for over a year.
Ray Dalio Explains How His Greatest Investing Innovation Helps Portfolios Thrive Over the Long Term and Why Bitcoin could be the Equivalent of Gold for a New Generation of Traders (Business Insider)
Ray Dalio runs the biggest hedge fund in the world, and by some estimates he’s made more money for clients than anyone else in the business. But he says he was thinking only about his family’s financial future when he came up with the approach that might define his legacy. “I did it personally for my family, when I started to have enough money,” he told Insider in an exclusive interview. “I said, ‘I want an approach that, when I’m dead and gone, it’ll be timeless and universal, and it will be balanced.'”
The EC of Curtiss-Wright (NYSE: CW) is Selling Shares (Analyst Ratings)
Yesterday, the EC of Curtiss-Wright (CW), David Charles Adams, sold shares of CW for $1.4M. Following David Charles Adams’ last CW Sell transaction on March 17, 2021, the stock climbed by 11.2%. Based on Curtiss-Wright’s latest earnings report for the quarter ending September 30, the company posted quarterly revenue of $621 million and quarterly net profit of $69.7 million.
Wednesday 12/8 Insider Buying Report: DOCU, MMC (Nasdaq.com)
On Tuesday, DocuSign’s CEO, Daniel D. Springer, made a $4.85M purchase of DOCU, buying 33,675 shares at a cost of $143.95 a piece. DocuSign is trading up about 5% on the day Wednesday. And at Marsh & McLennan Companies, there was insider buying on Friday, by Director Marc D. Oken who bought 5,000 shares at a cost of $167.46 each, for a total investment of $837,290. Marsh & McLennan Companies is trading up about 0.7% on the day Wednesday. So far Oken is in the green, up about 4.4% on their purchase based on today’s trading high of $174.90.
Intelsat’s Spengler Denies Aiding Insider Trading (Advanced-Television.com)
Steve Spengler, Intelsat’s CEO, firmly denies being the conduit for any alleged insider trading information over the sale of Intelsat stock by certain shareholders and the company’s chairman Dave McGlade. It has been alleged that two major investors, and Intelsat’s chairman Dave McGlade, sold in total some $260 million (€230m) of Intelsat stock ahead of a collapse in Intelsat’s share price.
Docusign Inc (DOCU) President and CEO Daniel D. Springer Bought $4.8 million of Shares (Guru Focus)
President and CEO of Docusign Inc, Daniel D. Springer, bought 33,675 shares of DOCU on 12/07/2021 at an average price of $143.95 a share. The total cost of this purchase was $4.8 million.
The CEO & President of Euronet Worldwide (NASDAQ: EEFT) is Buying Shares (Analyst Ratings)
Yesterday, the CEO & President of Euronet Worldwide (EEFT), Michael J Brown, bought shares of EEFT for $1.65M. Following this transaction Michael J Brown’s holding in the company was increased by 5.38% to a total of $222 million. In addition to Michael J Brown, 2 other EEFT executives reported Buy trades in the last month. Based on Euronet Worldwide’s latest earnings report for the quarter ending September 30, the company posted quarterly revenue of $817 million and quarterly net profit of $73.88 million.
