John Paulson Joined by 15 Investors in Council to Oversee Gold Miners (Bloomberg)
After almost a year of behind-the-scenes work, billionaire hedge-fund manager John Paulson has formed a coalition with 15 other investors aimed at curbing years of what his fund has called value destruction in the gold sector. John Hathaway — who is a general partner at Tocqueville Asset Management LP — and activist fund Livermore Partners are among those who have agreed to join the group, according to an emailed statement from the newly formed Shareholders’ Gold Council. Egyptian billionaire Naguib Sawiris’ La Mancha Group is also on the council. In April, Sawiris told Bloomberg he put half his $5.7 billion net worth into gold.
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Hedge Fund and PE Manager EJF Capital Hires Senior MD & Head of Real Estate (PropertyFundsWorld.com)
Hedge fund and private equity fund manager EJF Capital (EJF) has appointed Asheel Shah as a Senior Managing Director and Head of Real Estate, effective 1 October 2018. Shah will direct all commercial real estate investment activities including ground up development. Shah brings with him over 20 years of experience in the real estate industry. Most recently, he was President and Chief Investment Officer of the Multifamily division at Kettler Inc, a diversified real estate development company. Shah oversaw acquisitions, asset management, development, construction and equity capital sourcing in the Multifamily division.
Ex-GLG Manager Shuts Hedge Fund After Struggling to Raise Money (Bloomberg)
(Bloomberg) — Karim Abdel-Motaal is closing his macro hedge fund after just over a year because he couldn’t raise enough money, underscoring how difficult the market has become for startups. The London-based money manager, who previously led emerging-market hedge funds at Man Group Plc’s GLG Partners unit, started the fund in June last year, investing globally with a focus on developing markets. The fund, part of his firm KAM Portfolio Management, returned about 5 percent before fees this year, outperforming peers which suffered losses. Still, he’s shutting the money pool down.
Insider Selling: Starbucks Co. (SBUX) Director Sells 99,166 Shares of Stock (FairFieldCurrent.com)
Starbucks Co. (NASDAQ:SBUX) Director Myron E. Ullman III sold 99,166 shares of the stock in a transaction dated Wednesday, September 12th. The shares were sold at an average price of $55.05, for a total value of $5,459,088.30. Following the completion of the sale, the director now owns 29,000 shares of the company’s stock, valued at approximately $1,596,450. The transaction was disclosed in a document filed with the Securities & Exchange Commission.
Insider Selling: Chegg Inc (CHGG) CEO Sells 150,000 Shares of Stock (MareaInformativa.com)
Chegg Inc (NYSE:CHGG) CEO Daniel Rosensweig sold 150,000 shares of the stock in a transaction dated Wednesday, September 12th. The shares were sold at an average price of $31.07, for a total value of $4,660,500.00. Following the completion of the sale, the chief executive officer now owns 2,435,450 shares of the company’s stock, valued at approximately $75,669,431.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission.
Insider Buying: Rigel Pharmaceuticals, Inc. (NASDAQ:RIGL) EVP Acquires 100,000 Shares of Stock (XNewspress.com)
Rigel Pharmaceuticals, Inc. (NASDAQ:RIGL) EVP Eldon C. Mayer III purchased 100,000 shares of the firm’s stock in a transaction that occurred on Thursday, August 23rd. The shares were acquired at an average cost of $2.82 per share, with a total value of $282,000.00. The acquisition was disclosed in a document filed with the Securities & Exchange Commission.
Insider Selling: Mongodb Inc (MDB) CFO Sells 100,000 Shares of Stock (MareaInformativa.com)
Mongodb Inc (NASDAQ:MDB) CFO Michael Lawrence Gordon sold 100,000 shares of the business’s stock in a transaction dated Tuesday, September 11th. The stock was sold at an average price of $83.77, for a total value of $8,377,000.00. The sale was disclosed in a document filed with the SEC, which is available through the SEC website.
Insider Buying: GigaMedia Limited (GIGM) CEO Buys $209,201.33 in Stock (FairFieldCurrent.com)
GigaMedia Limited (NASDAQ:GIGM) CEO Cheng-Ming Huang bought 69,967 shares of the firm’s stock in a transaction that occurred on Friday, September 14th. The stock was bought at an average price of $2.99 per share, for a total transaction of $209,201.33. The transaction was disclosed in a legal filing with the Securities & Exchange Commission.
