Next Generation of Hedge Fund Managers are Emerging More Resilient and Efficient (Opalesque)
Opalesque Industry Update, for New Managers – The Alternative Investment Management Association (AIMA), in partnership with Cowen, a global financial services firm, has published a new report presenting an analysis of the global emerging hedge fund manager community. The report, ‘Emerging Stronger: The Next Generation Manager Survey 2022’ is informed by two surveys: one of emerging managers running up to US$500 million in assets under management (AuM), and another of the investors that allocate to them.
Soros Fund Management CEO Is More Bullish on Ethereum Than Bitcoin (Crypto Potato)
Dawn Fitzpatrick – CEO and CIO at Soros Fund Management – doubled down on her pro-crypto stance, predicting the asset class is “here to stay.” She believes that climate impact will play a vital role in the industry, and as such, Ethereum “is likely to gain some more traction than Bitcoin.” Ethereum to Outperform Bitcoin? In an interview for Bloomberg, the American investment banker Dawn Fitzpatrick outlined the recent progress of the cryptocurrency sector. Specifically, she opined that “it’s gone mainstream” with Fidelity’s decision to allow investors to add bitcoin to their retirement 401(k) plans.
The ex-Citadel Technologist Hiring for Some of the Best Jobs in London (eFinancialCareers)
If you want one of the most interesting financial services technology jobs in London now, word is that they are not necessarily to be found at a bank, an electronic market maker or a hedge fund. Some of the best technology jobs are instead rumoured to be at an insurance company that was formerly the pensions insurance arm of Goldman Sachs: Rothesay Life. “Rothesay Life have been doing a lot of hiring and they’ve been hiring people who can code in Rust,” says a senior low latency developer at an electronic trading house in London. “They pay as much as some hedge funds.”
Wednesday 6/1 Insider Buying Report: ORI (Nasdaq.com)
At Old Republic International, there was insider buying on Friday, by Director Lisa J. Caldwell who bought 9,920 shares for a cost of $23.63 each, for a trade totaling $234,410. Before this latest buy, Caldwell made one other purchase in the past year, buying $14,964 shares at a cost of $25.98 each. Old Republic International is trading off about 1.3% on the day Wednesday.
Executives Sell Over $100M Of 4 Stocks (Benzinga)
McKesson: The Trade: McKesson Corporation (MCK) EVP and CFO Britt Vitalone sold a total of 27,281 shares at an average price of $333.16. The insider received around $9.09 million from selling those shares. Digital Realty Trust: The Trade: Digital Realty Trust, Inc. (DLR) EVP, Strategic Advisor David Ruberg sold a total of 75,000 shares at an average price of $138.26. The insider received around $10.37 million as a result of the transaction.
Balder’s Head of Finance Sentenced to Prison for Insider Trading (Bloomberg)
The head of finance at one of Sweden’s biggest publicly listed property firms, Fastighets AB Balder, has been handed a 15-month prison sentence for insider trading of shares, according to court documents seen by Bloomberg News. The Swedish court also ordered Marcus Hansson and ten other co-defendants to pay back a total of 2.1 million kronor ($214,000) for the series of share trades in Collector AB, a niche bank which in turn is 44.1% owned by Balder.
