Next Edge Capital Corp. Launches the Veritas Next Edge Premium Yield Fund (NewsWire.ca)
TORONTO, June 27, 2022 /CNW/ – Next Edge Capital Corp. (“Next Edge Capital”) is pleased to announce the launch of the Veritas Next Edge Premium Yield Fund (the “Fund”) in conjunction with Veritas Investment Research Corporation and Veritas Asset Management Inc. The Fund, via Veritas Asset Management Inc., leverages the award-winning, independent, and in-depth research of Veritas Investment Research Corporation to formulate a diversified portfolio of predominately Canadian equities with a bias towards yield, and capital preservation. The Fund also utilizes a covered option overlay to generate additional yield and further mitigate downside exposure and adverse price movements.
More Hedge Funds Are Betting Against Tether as Crypto Melts Down (The Wall Street Journal)
Short sellers have been ramping up their bets against tether, the world’s largest stablecoin, amid a broad market selloff that has called into doubt the financial health of some crypto companies. In the past month, more traditional hedge funds have executed trades to short tether through Genesis Global Trading Inc., one of the largest crypto brokerages for professional investors. These trades are worth “hundreds of millions” of dollars in notional value, said Leon Marshall, Genesis’s head of institutional sales. He declined to be more specific.
BlueCrest Hires Ex-Citadel Trader Wheeler for Dubai Expansion (Bloomberg)
Billionaire Michael Platt’s private investment firm is expanding operations to Dubai, with former Citadel money manager Chris Wheeler among those hired.
Who is Alan Howard? Lady Gaga Paid Over $1 MILLION to Perform at Hedge Fund Tycoon’s Wedding (Meaww.com)
Lady Gaga performed in high spirits at the lavish wedding celebration of British billionaire Alan Howard and Caroline Byron, who is a chef by profession. The celebration took place over the weekend at Villa Olmo in Como, Italy, and was witnessed by famous names like Pixie Lott and her husband Oliver Cheshir, Swedish model and actress Victoria Silvstedt among others.
Monday 6/27 Insider Buying Report: PAA, OPK (Nasdaq.com)
At Plains All American Pipeline, a filing with the SEC revealed that on Thursday, Director Kevin S. McCarthy bought 200,000 shares of PAA, for a cost of $9.81 each, for a total investment of $1.96M. McCarthy was up about 3.6% on the buy at the high point of today’s trading session, with PAA trading as high as $10.16 in trading on Monday. Plains All American Pipeline is trading up about 1.3% on the day Monday. This buy marks the first one filed by McCarthy in the past year. And on Wednesday, Chief Innovation Officer Gary J. Nabel purchased $597,393 worth of OPKO Health, purchasing 240,000 shares at a cost of $2.49 each. This buy marks the first one filed by Nabel in the past twelve months. OPKO Health is trading up about 0.9% on the day Monday. Nabel was up about 7.3% on the buy at the high point of today’s trading session, with OPK trading as high as $2.67 at last check today.
$7.6 Million Bet On GMS? 3 Stocks Insiders are Buying (Benzinga)
Tricida: The Trade: Tricida, Inc. (TCDA) 10% owner Nimish Shah acquired a total of 492,020 shares at an average price of $10.37. To acquire these shares, it cost around $5.1 million. GMS: The Trade: GMS Inc. (GMS) 10% owner Christopher Shackelton acquired a total of 193,897 shares at an average price of $39.29. To acquire these shares, it cost around $7.62 million.
