Billionaire Ray Dalio’s 9 Top Stock and ETF Picks (U.S.News)
Ray Dalio‘s Bridgewater Associates is the world’s largest hedge fund with nearly $140 billion in assets. Dalio himself has a net worth of roughly $16.9 billion, according to Forbes. Bridgewater’s popular Pure Alpha II fund has struggled during the wild market swings in 2020, generating an 18.6% decline through the end of August. However, Dalio and the Pure Alpha II fund have a track record of thriving during market recovery periods, including 45% and 25% gains in 2010 and 2011, respectively. Here are Bridgewater’s nine top stock and fund holdings, according to its latest 13F filings.
ESG Focused Investors to Take an Increasingly Activist Role (Opalesque.com)
For asset managers interested in sustainable investing, taking an activist role is becoming more common according to a new report from Schroders. The Schroders Institutional Investor Study 2020 includes data from 650 institutional investors representing $25.9 trillion in assets. According to the findings, 62% of North American institutions said active company engagement and stewardship was a key approach to integrating sustainability. That number is up from 44% a year ago. North American investors are also looking for “best in class” sustainable investment opportunities. 62% of investors said that best in class companies were important, up from 38% last year. In contrast, those that opted for an exclusionary approach fell by the same margin to 30% from 51%.
Steinhoff Ex-CEO Jooste Fined $9.9 Million for Insider Deals (MSN)
Steinhoff International Holdings NV former Chief Executive Officer Markus Jooste has been fined more than 162 million rand ($9.9 million) by a South African regulator for insider trading ahead of the retailer’s near collapse almost three years ago. Jooste sent a text message to four people warning them to sell their stock in the company in the days before it reported accounting irregularities in December 2017, the Financial Sector Conduct Authority said in a statement Friday. Three of them acted on the advice and have been penalized smaller amounts.
Raytheon Technologies Corp (RTX) President and CEO Gregory Hayes Bought $3 million of Shares (Guru Focus)
President and CEO of Raytheon Technologies Corp., Gregory Hayes, bought 55,000 shares of RTX on 10/28/2020 at an average price of $54.82 a share. The total cost of this purchase was $3 million. United Technologies Corp is a diversified industrial conglomerate. It provides high technology products and services to the building systems and aerospace industries. Raytheon Technologies Corp has a market cap of $80.83 billion; its shares were traded at around $53.22 with and P/S ratio of 0.59.
The CVP, Critical Care of Edwards Lifesciences is Exercising Options (Analyst Ratings)
Yesterday it was reported that the CVP, Critical Care of Edwards Lifesciences (EW), Catherine Szyman, exercised options to sell 20,355 EW shares at $22.28 a share, for a total transaction value of $1.49M. Following Catherine Szyman’s last EW Sell transaction on May 24, 2018, the stock climbed by 27.1%. Based on Edwards Lifesciences’ latest earnings report for the quarter ending September 30, the company posted quarterly revenue of $1.14 billion and quarterly net profit of $325 million.
