Korea Looking Into H.K. Hedge Fund That Halted Some Withdrawals (Bloomberg)
South Korea’s financial regulators are looking into a Hong Kong-based hedge fund that has halted withdrawals from some of its funds by Korean investors, according to people familiar with the matter. The Financial Supervisory Service is reviewing the suspension of client redemptions totaling at least 647 billion won ($536 million) by Gen2 Partners Ltd., founded by Kyle Shin, the people said. The frozen funds are part of Gen2’s KS Asia Absolute Return Fund, KS Korea Credit Fund and CM Credit Fund, according to the people, who are not authorized to speak publicly on the matter.
Tuesday 7/14 Insider Buying Report: SAIC (Nasdaq.com)
On Monday, at Science Applications International, there was insider buying on Friday, by CFO Charles Alexander Mathis who bought 1,450 shares at a cost of $69.80 each, for a total investment of $101,210. Science Applications International is trading up about 0.8% on the day Tuesday. Investors have the opportunity to pick up SAIC even cheaper than Mathis did, with shares trading as low as $68.85 at last check today which is 1.4% below Mathis’s purchase price.
Crowdstrike Holdings Inc (CRWD) PRESIDENT AND CEO George Kurtz Sold $28.3 million of Shares (Guru Focus)
PRESIDENT AND CEO of Crowdstrike Holdings Inc., George Kurtz, sold 243,264 shares of CRWD on 07/09/2020 at an average price of $116.32 a share. The total sale was $28.3 million. CrowdStrike Holdings Inc has a market cap of $22.94 billion; its shares were traded at around $106.21 with and P/S ratio of 35.27. GuruFocus has detected 2 severe warning signs with CrowdStrike Holdings Inc.
Steve Cohen: On Moving From Directing A Hedge Fund To A Baseball Club (ReflectionsonBaseball.com)
Steve Cohen, barring some unforeseen event, will win the battle to become the new owner of the New York Mets. What lies ahead, however, is winning the war. Is it true that operating a successful business means those same skills can be adapted to a company in another sector seamlessly? The been there, done it, and I can do mentality again – if you will. Steve Cohen, much like Derek Jeter over the years, has never been shy in voicing his desire to own a baseball club.
A Director at CorEnergy (NYSE: CORR) is Buying Shares (Analyst Ratings)
Today, a Director at CorEnergy (CORR), Conrad Ciccotello, bought shares of CORR for $3,745. Following this transaction Conrad Ciccotello’s holding in the company was increased by 9.03% to a total of $47.28K. In addition to Conrad Ciccotello, 2 other CORR executives reported Buy trades in the last month. The company has a one-year high of $49.75 and a one-year low of $7.32. Currently, CorEnergy has an average volume of 231.26K.
Germany Probing Possible Insider Trading of Wirecard Shares (FinanceMagnates.com)
BaFin, the German financial market regulator, is looking into the possibility of insider trading of the shares of now-collapsed fintech Wirecard. According to a Bloomberg report, the market watchdog ordered the Munich prosecutors to probe into the matter. This came as an individual on an online forum posted eight days before the slump of the company’s shares that Ernst and Young, the auditor of the fintech, would find some discrepancies on the accounts, delaying the publication of its annual report.
Church & Dwight Co Inc (CHD) EVP New Products & Pres Int’l Steven P Cugine Sold $1.7 million of Shares (Guru Focus)
EVP New Products & Pres Int’l of Church & Dwight Co Inc, Steven P Cugine, sold 20,800 shares of CHD on 07/10/2020 at an average price of $82.89 a share. The total sale was $1.7 million. Church & Dwight Co Inc is engaged in the household products industry. It manufactures and markets personal care products under brands like Oxiclean, Spinbrush, First Response and Trojan.
