What Billionaire Hedge Fund Manager Ray Dalio is Reading to Make Sense of the World and the Economy Right Now (Business Insider)
Ray Dalio, founder of the hedge fund Bridgewater Associates, has built his billion-dollar career on making predictions on companies, the market, and the economy. To make the right predictions, he needs a bird’s eye view of the world’s financial and geopolitical happenings.
Hedge Fund Founder Pleads Guilty to Neiman Marcus Bankruptcy Fraud (AI-CIO.com)
Daniel Kamensky pressured a rival investor to drop its bid for assets he wanted on the cheap. The founder of a New York-based hedge fund has pleaded guilty to bankruptcy fraud for pressuring a rival investor to abandon a bid to acquire certain assets from the Neiman Marcus bankruptcy so he could buy them for as little as half as much. When luxury department store Neiman Marcus filed for Chapter 11 bankruptcy protection in May, Marble Ridge Capital founder Daniel Kamensky was appointed co-chair of the official committee of unsecured creditors.
Tuesday 2/9 Insider Buying Report: SBH, HBCP (Nasdaq.com)
At Sally Beauty Holdings, a filing with the SEC revealed that on Monday, CEO Christian A. Brickman purchased 10,000 shares of SBH, for a cost of $14.53 each, for a total investment of $145,250. So far Brickman is in the green, up about 4.1% on their purchase based on today’s trading high of $15.12. Sally Beauty Holdings is trading up about 1% on the day Tuesday. Before this latest buy, Brickman purchased SBH at 4 other times during the past year, for a total investment of $457,340 at an average of $11.73 per share. And at Home Bancorp, there was insider buying on Monday, by Director Ann Forte Trappey who bought 1,851 shares at a cost of $31.38 each, for a total investment of $58,079. Before this latest buy, Trappey made one other buy in the past year, purchasing $49,001 shares for a cost of $25.79 each. Home Bancorp is trading up about 0.1% on the day Tuesday. So far Trappey is in the green, up about 2.0% on their purchase based on today’s trading high of $32.00.
The Chairman & CEO of People’s United Financial (NASDAQ: PBCT) is Buying Shares (Analyst Ratings)
Today, the Chairman & CEO of People’s United Financial (PBCT), John P. Barnes, bought shares of PBCT for $1.46M. This recent transaction increases John P. Barnes’ holding in the company by 17.13% to a total of $9.28 million. Following John P. Barnes’ last PBCT Buy transaction on March 12, 2012, the stock climbed by 6.2%. The company has a one-year high of $16.37 and a one-year low of $9.37. PBCT’s market cap is $6.17 billion and the company has a P/E ratio of 10.80. Based on 8 analyst ratings, the analyst consensus is Moderate Buy with an average price target of $15.55, reflecting a -6.5% downside.
Svb Financial Group (SIVB) President and CEO Gregory W Becker Sold $2.2 million of Shares (Guru Focus)
President and CEO of Svb Financial Group, Gregory W Becker, sold 4,570 shares of SIVB on 02/05/2021 at an average price of $488.97 a share. The total sale was $2.2 million. SVB Financial Group provides a diverse set of banking and financial products and services including asset management, private wealth management, brokerage and other investment services.
SEBI Comes Out with Disclosure Format Under Insider Trading Rules (Live Mint)
NEW DELHI : Capital markets watchdog Sebi on Tuesday came out with a new format for disclosures to be made under the insider trading norms. In light of amendments to the PIT Regulations affecting the inclusion of members of the promoter group, and designated person in place of employee and on the basis of feedback received from market participants and exchanges, the relevant disclosure formats have been suitably revised, Sebi said in a circular.
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