Preqin Picks: Capstone Partners: ESG Trends & Considerations (Preqin)
In the wake of COVID-19, LPs are increasingly viewing ESG as a value driver, rather than merely a risk management tool. As a result, many LPs now maintain active contact with GPs to monitor the implementation of ESG policies. Capstone surveyed 140 global LPs for its 2021 report ESG Trends & Considerations to determine their attitudes to, and priorities regarding, ESG. It found that a material proportion of LPs (27% globally) were willing to trade lower performance for excellent ESG credentials.
Hedge Funds Down 0.33% in September (Opalesque)
Opalesque Industry Update – The Eurekahedge Hedge Fund Index was down 0.33% in September 2021, outperforming the global equity market as represented by the MSCI ACWI (Local) which returned -3.55% over the same period. Concerns over rising inflation continue to weigh on markets with the Federal Reserve raising its inflation forecast for the year to 4.2%, up from the previous estimate of 3.4%, driven by supply chain bottlenecks and the developing energy crisis in Europe and China which has pushed energy prices up by 11.60% in September.
India’s Biggest Hedge Fund Projects a 15-20% Market Correction in 6 Months (The Economic Times)
MUMBAI: The buoyant domestic equity market may be in for its first rude awakening by the time the country rings in the New Year after a stupendous rally in the previous 18 months. The country’s biggest hedge fund manager Avendus Capital Public Markets’ Alternate Strategies is expecting the benchmark indices to witness their first ever correction of the current bull market as their quantitative models hint at a possible 15-20 per cent drawdown in the next six months. A technical correction is when a security falls more than 10 per cent from recent highs.
The Simply Good Foods Co (SMPL) CEO and President Joseph Scalzo Sold $3.1 million of Shares (Guru Focus)
CEO and President of The Simply Good Foods Co, Joseph Scalzo, sold 87,769 shares of SMPL on 10/12/2021 at an average price of $35.7 a share. The total sale was $3.1 million.
Notable Magnolia Oil & Gas Insider Trades $92M In Company Stock (Benzinga)
John B Walker, Director at Magnolia Oil & Gas (NYSE:MGY), made a large buy and sell of company shares on October 7, according to a new SEC filing. What Happened: A Form 4 filing from the U.S. Securities and Exchange Commission states that John B Walker exercised options to purchase 3,622,962 Magnolia Oil & Gas shares for $0 on October 7. They then sold their shares on the same day in the open market. They sold at a price of $18.50 to raise a total of $92,500,000 from the stock sale.
The President of Southern Empire Resources (Other OTC: SMPEF) is Buying Shares (Analyst Ratings)
Today, the President of Southern Empire Resources (SMPEF), Dale Wallster, bought shares of SMPEF for $13K. This recent transaction increases Dale Wallster’s holding in the company by 3% to a total of $410.8K. Currently, Southern Empire Resources has an average volume of . The company has a one-year high of $0.49 and a one-year low of $0.11. Dale Wallster’s trades have generated a -34.8% average return based on past transactions.
