Odey’s Hedge Fund Posts 54% Gain in 2021 After Wild Ride (Bloomberg)
Even for Crispin Odey’s investors, who are used to frequent bouts of booms and busts at his hedge fund, last year was a rollercoaster ride. The London-based money manager enjoyed both his best-ever monthly return and suffered his worst monthly loss, according to a person familiar with the performance. Odey’s fund finally ended the year with a gain of almost 54%, said the person, who asked not to be identified because the details are private.
Quant Fund Pioneer Millburn Ridgefield Hires Michael Soss for New Deputy CIO Role (Hedge Week)
Global quantitative asset manager Millburn Ridgefield has hired Michael Soss as Deputy Chief Investment Officer, a newly-created role at the long-running systematic investment pioneer. Soss joins from Point72 Asset Management in New York and Stamford, where he spent more than five years in a range of leading roles across risk and trading research. Most recently, Soss led the firm’s Fusion group, a quant trading division focused on internal alpha capture.
Hunter Point Capital Picks Up Stake in Iron Park Capital (The Wall Street Journal)
Hunter Point Capital is taking a minority stake in Iron Park Capital Partners, an investor in public and private credit markets. Two executives behind the pair of New York-based firms share a common link: GSO Capital Partners, which Blackstone Inc. acquired in 2008 and turned into its private credit platform.
The Regional Executive Vice-President of Stantec (NYSE: STN) is Buying Shares (Analyst Ratings)
Yesterday, the Regional Executive Vice-President of Stantec (STN), Catherine Margaret Schefer, bought shares of STN for $121.8K. Following this transaction Catherine Margaret Schefer’s holding in the company was increased by 16% to a total of $1.22 million. In addition to Catherine Margaret Schefer, one other STN executive reported Buy trades in the last month. The company has a one-year high of $58.50 and a one-year low of $31.46. Currently, Stantec has an average volume of 91.92K.
T-Mobile US, Inc. (NASDAQ:TMUS) Insiders Sold US$7.3m Worth of Stock Suggesting Impending Weakness. (Nasdaq.com)
The fact that multiple T-Mobile US, Inc. (NASDAQ:TMUS) insiders offloaded a considerable amount of shares over the past year could have raised some eyebrows amongst investors. Knowing whether insiders are buying is usually more helpful when evaluating insider transactions, as insider selling can have various explanations. However, shareholders should take a deeper look if several insiders are selling stock over a specific time period.
Insider Trading: January 3, 2022 (BIV.com)
Insider Lenard Boggio, officer. Company: Solaris Resources Inc. (TSX:SLS). Shares owned: 0. Trade date: December 16. Trade total: $380,000. Trade: Sale of 25,000 shares at a price of $15.20 per share. Insider David Charles Laing, director. Company: Fortuna Silver Mines Inc. (TSX:FVI). Shares owned: 74,150. Trade date: December 12. Trade total: $196,400. Trade: Acquisition of 40,000 shares at a price of $4.91 per share.
