A Former Citadel and BlueMountain Portfolio Manager has Landed Herself a New Job Running Global Credit at One of Canada’s Biggest Hedge Funds (Business Insider)
Marina Lutova Meyers, a former portfolio manager at Ken Griffin’s Citadel and Andrew Feldstein‘s BlueMountain, has joined Toronto-based Polar Asset Management. Meyers was previously a fundamental relative-value portfolio manager on Citadel’s global credit team, and will now lead the global credit strategy for the $5.3 billion Canadian firm. According to sources familiar, Meyers was considering starting a fund of her own but ultimately decided to join one of Canada’s largest hedge funds.
Just Shy of Record Year (Hedge Nordic)
Stockholm (HedgeNordic) – Market-neutral strategies, generally standing at the lower end of the risk spectrum, rarely catch investors’ attention. These vehicles are meant to be boring, usually aiming to generate steady – albeit low – returns that are insensitive to market fluctuations. Market-neutral equity fund KLP Alfa Global Energi, managed by Simon Roksund Johannessen and Torkel Aaberg out of Oslo, managed to stand out from the “market-neutral” crowd after gaining over 20 percent so far in 2020 and receiving recognition at this year’s edition of the HFM European Emerging Manager Awards.
Thursday 12/3 Insider Buying Report: CMT, SMMF (Nasdaq.com)
On Monday, Core Molding Technologies’ EVP, Human Resources, Renee R. Anderson, made a $1.76M buy of CMT, purchasing 400 shares at a cost of $4400.00 each. Bargain hunters can buy CMT even cheaper than Anderson did, with the stock trading as low as $12.15 at last check today which is 99.7% below Anderson’s purchase price. Core Molding Technologies is trading up about 6% on the day Thursday. Before this latest buy, Anderson bought CMT on 2 other occasions during the past twelve months, for a total investment of $39,870 at an average of $3.47 per share. And at Summit Financial Group, there was insider buying on Wednesday, by Director Gary L. Hinkle who purchased 4,979 shares for a cost of $21.17 each, for a trade totaling $105,396. Before this latest buy, Hinkle purchased SMMF at 5 other times during the past twelve months, for a total cost of $453,502 at an average of $20.75 per share. Summit Financial Group is trading up about 0.3% on the day Thursday.
Agilent Technologies Inc (A) CEO and President Michael R. Mcmullen Sold $9.9 million of Shares (Guru Focus)
CEO and President of Agilent Technologies Inc, Michael R. Mcmullen, sold 85,842 shares of A on 12/01/2020 at an average price of $115.63 a share. The total sale was $9.9 million. Agilent Technologies Inc is engaged in life sciences, diagnostics and applied chemical markets. The company provides application focused solutions that include instruments, software, services and consumables for the entire laboratory workflow.
The COB, Pres & CEO of Wesco International (NYSE: WCC) is Buying Shares (Analyst Ratings)
On November 30, the COB, Pres & CEO of Wesco International (WCC), John Engel, bought shares of WCC for $4.64M. Following this transaction John Engel’s holding in the company was increased by 48.31% to a total of $10.9 million. Following John Engel’s last WCC Buy transaction on June 09, 2020, the stock climbed by 27.9%. Based on Wesco International’s latest earnings report for the quarter ending September 30, the company posted quarterly revenue of $4.14 billion and quarterly net profit of $80.68 million.
Former Don Quijote CEO Arrested on Insider Trading Charges (Bloomberg)
The former chief executive officer of Pan Pacific International Holdings Corp., the operator of popular discount chain store Don Quijote, has been arrested on charges of insider trading in 2018, according to an announcement from the Tokyo District Court. Koji Ohara, who left his post as CEO of the company in September 2019, was arrested by prosecutors Thursday on charges of violating the Financial Instruments and Exchange Act in Japan. Don Quijote Holdings Co. formally changed its name to Pan Pacific International in early 2019.
Zuckerberg Sold $280M Worth of Facebook Stock in the Past Month (The Next Web)
Facebook‘s chief exec Mark Zuckerberg has sold nearly $280 million worth of company stock in the past month – his first sales of the year. Zuckerberg began offloading shares on November 9, and he’s now generating nearly $12.10 million every day on average by selling his Facebook stock. The sales come at the tail end of a comparatively average year for Facebook stock. The social media giant’s share price has risen 37% in 2020, while the tech-heavy NASDAQ 100 index jumped 40%.
