Borea Grabbed the Opportunity (Hedge Nordic)
Stockholm (HedgeNordic) – The outbreak of the Covid-19 pandemic triggered a violent market crash back in early 2020, which, assuming perfect foresight, presented a dearth of attractive investment opportunities across many asset classes. Norwegian asset manager Borea Asset Management swiftly launched a special fund in September of that year to capture a set of attractive risk-reward opportunities within the Norwegian banking sector. That fund, Borea Utbytte, was last year’s best-performing member of the Nordic Hedge Index with a full-year return of 61.8 percent.
Cryptocurrency Hedge Fund ARK36 Adds Three to Team (Hedge Week)
Cyprus-regulated cryptocurrency hedge fund ARK36 is strengthening its team in Cyprus by appointing Chris Krokides as Cryptocurrency Trader, Tetyana Martyneko as AML Officer and Marilena Iacovou as Office Manager. Krokides’ role will primarily involve managing the company’s portfolio, performing technical and fundamental analysis, and maintaining risk to acceptable levels through hedging and increasing/decreasing fiat currencies as necessary.
Elliott-Backed Italian Challenger Bank CF+ Eyes IPO in Future (Reuters)
MILAN, Feb 3 (Reuters) – Italian challenger bank Banca CF+, backed by U.S. hedge fund Elliott Management, could consider a bourse listing in the next five years, its chief executive said on Thursday. The specialist lender, formerly known as Credito Fondiario, sees opportunities to expand its business product offering through acquisitions, CEO Iacopo De Francisco told a press conference to present the bank’s new name and strategy.
Thursday 2/3 Insider Buying Report: CLNN, CACI (Nasdaq.com)
At Clene, a filing with the SEC revealed that on Tuesday, David J. Matlin bought 101,352 shares of CLNN, at a cost of $2.96 each, for a total investment of $300,002. Investors have the opportunity to snag CLNN at a price even lower than Matlin did, with shares trading as low as $2.69 at last check today — that’s 9.1% below Matlin’s purchase price. Clene is trading down about 6.9% on the day Thursday. Before this latest buy, Matlin purchased CLNN on 2 other occasions during the past twelve months, for a total investment of $2.3M at an average of $8.58 per share. And at CACI International, there was insider buying on Monday, by Chief Executive, CACI Limited Gregory R. Bradford who purchased 1,111 shares at a cost of $245.92 each, for a trade totaling $273,217.
Executives Sell Over $20M Of 5 Stocks (Benzinga)
Palo Alto Networks: The Trade: Palo Alto Networks, Inc. (PANW) EVP, Chief Technology Officer Nir Zuk disposed a total of 12,000 shares at an average price of $510.38. The insider received $6.12 million as a result of the transaction. Western Digital: The Trade: Western Digital Corporation (WDC) Director Paula A Price sold a total of 4,150 shares at an average price of $51.82. The insider received $215.05 thousand from selling those shares. Visa: The Trade: Visa Inc. (V) Chairman and CEO Alfred Kelly Jr sold a total of 9,000 shares at an average price of $224.90. The insider received $2.02 million as a result of the transaction. The insider also acquired a total of 6000 shares.
