Ken Griffin’s Citadel Flagship Hedge Fund Returns 8% in September During Market Sell-Off (CNBC)
The volatile September was a golden opportunity for billionaire investor Ken Griffin to shine as his main hedge fund crushed the market with outperformance. Citadel’s multistrategy flagship fund Wellington gained 7.8% in September, bringing its year-to-date performance to 18.5%, according to a person familiar with the returns.
Elliott Co-CEO Says Rising Rates Threaten Equities Bull Run (Bloomberg)
The co-head of activist investor Elliott Investment Management said rising interest rates and inflation threaten to put an end to an 18-month rally in equities that has rewarded investors across the board. Jonathan Pollock, Elliott co-chief executive officer, said low rates and ultra-accommodative monetary policy have buoyed the markets in recent years.
Notable Vizio Holding Insider Trades $8.8M In Company Stock (Benzinga)
William Baxter, Chief Technology Officer at Vizio Holding (NYSE:VZIO), made a large buy and sell of company shares on October 4, according to a new SEC filing. What Happened: A Form 4 filing from the U.S. Securities and Exchange Commission states that William Baxter exercised options to purchase 297,523 Vizio Holding shares at prices ranging from $2.00 to $2.89 per share for a total of $841,253 on October 4. They then sold their shares on multiple transactions in the open market. They sold at prices ranging from $21.07 to $21.23 to raise a total of $8,007,334 from the stock sale.
Social Network Commonstock Aims to Harness Retail Investor Energy and Verify ‘YOLO’ Trades (CNBC)
Commonstock is a relatively new social media platform dedicated to financial markets. It requires traders to link to their brokerage account to verify the investments they post about really happened. The San Francisco-based start-up announced a $25 million Series A funding round Tuesday. Hedge fund managers Bill Ackman, Dan Loeb and Stanley Druckenmiller are among Commonstock’s early strategic investors. “The ability for anybody to prove they own Tesla or Peloton by percentage, and show their skin in the game, weeds out a lot of the grifters who might say they had a 1,000% return,” says David McDonough, Commonstock’s founder and CEO.
Tuesday 10/5 Insider Buying Report: FPI, XXII (Nasdaq.com)
At Farmland Partners, a filing with the SEC revealed that on Thursday, Director John A. Good bought 5,825 shares of FPI, at a cost of $12.10 each, for a total investment of $70,482. Investors have the opportunity to snag FPI even cheaper than Good did, with the stock changing hands as low as $11.91 in trading on Tuesday which is 1.6% under Good’s purchase price. Farmland Partners is trading up about 0.2% on the day Tuesday. Before this latest buy, Good made one other buy in the past twelve months, purchasing $80,300 shares at a cost of $8.03 each. And at 22nd Century Group, there was insider buying on Thursday, by Chief Executive Officer James A. Mish who purchased 20,000 shares at a cost of $2.88 each, for a trade totaling $57,600. Before this latest buy, Mish made one other purchase in the past year, buying $48,450 shares for a cost of $3.23 a piece. 22nd Century Group is trading up about 2.6% on the day Tuesday. Mish was up about 12.2% on the purchase at the high point of today’s trading session, with XXII trading as high as $3.23 in trading on Tuesday.
The EC of Designer Brands (NYSE: DBI) is Buying Shares (Analyst Ratings)
Yesterday, the EC of Designer Brands (DBI), Jay Schottenstein, bought shares of DBI for $2.76M. This recent transaction increases Jay Schottenstein’s holding in the company by 4.27% to a total of $69.94 million. Following Jay Schottenstein’s last DBI Buy transaction on September 20, 2021, the stock climbed by 1.2%.
