Goldman Goes Digital for Cap-Intro Service (HFAlert.com)
Goldman Sachs’ prime-brokerage unit is developing an electronic capital-introduction service that could become a model for the bank’s rivals. The project, called Marquee Connect, was conceived of before the coronavirus pandemic but accelerated as the outbreak halted travel and in-person meetings over the past four months. A beta version currently is in testing with a small number of investors, with a formal rollout expected in the next month or so. Marquee Connect aims to allow investors that work with Goldman to discover the full range of hedge funds that use the bank’s prime-brokerage service and begin interacting with them. Users can search the vehicles by strategy, geography, fees and performance.
Virgin Atlantic Favours US Hedge Fund for Rescue Cash (IOL.co.za)
INTERNATIONAL – Virgin Atlantic Airways is edging toward a 500 million-pound ($620 million) emergency financing package led by Davidson Kempner Capital Management as the UK airline firms up survival plans, people familiar with the matter said. The US hedge fund has emerged as the favored funding provider, ahead of an alliance of Elliott Management and U.K. investment firm Greybull Capital, according to the people, who asked not to be named as talks are private.
Tradeweb Markets Inc (TW) CEO Lee Olesky Sold $2.7 million of Shares (Guru Focus)
CEO of Tradeweb Markets Inc., Lee Olesky, sold 43,958 shares of TW on 06/26/2020 at an average price of $60.72 a share. The total sale was $2.7 million. Tradeweb Markets Inc has a market cap of $13.13 billion; its shares were traded at around $58.14 with a P/E ratio of 73.60 and P/S ratio of 11.44. The dividend yield of Tradeweb Markets Inc stocks is 0.54%.
A Director at Ampco-Pittsburgh (NYSE: AP) is Buying Shares (Analyst Ratings)
Today, a Director at Ampco-Pittsburgh (AP), Carl Pforzheimer, bought shares of AP for $56.9K. Following this transaction Carl Pforzheimer’s holding in the company was increased by 78.86% to a total of $148.1K. This is Pforzheimer’s first Buy trade following 4 Sell transactions.
Salesforce.com Inc (CRM) Chair of the Board & CEO Marc Benioff Sold $2.8 million of Shares (Guru Focus)
Chair of the Board & CEO of Salesforce.com Inc., Marc Benioff, sold 15,000 shares of CRM on 06/26/2020 at an average price of $184.62 a share. The total sale was $2.8 million. Salesforce.com Inc is a software-as-a-service company that provides enterprise cloud computing solutions, offering social and mobile cloud apps and platform services, as well as professional services to facilitate the adoption of its solutions.
A Director at Gold Resource (NYSE MKT: GORO) is Selling Shares (Analyst Ratings)
Yesterday, a Director at Gold Resource (GORO), Bill Conrad, sold shares of GORO for $34.85K. Based on Gold Resource’s latest earnings report for the quarter ending March 31, the company posted quarterly revenue of $28.01 million and GAAP net loss of -$3,121,000. In comparison, last year the company earned revenue of $26.58 million and had a net profit of $882K. GORO’s market cap is $276 million and the company has a P/E ratio of 125.30. The company has a one-year high of $6.24 and a one-year low of $2.02.
