Shepherd Turns the Power Off (Hedge Nordic)
Stockholm (HedgeNordic) – Shepherd Energy Portfolio, which employed trend-following and relative-value strategies in the Nordic power markets, has been closed down “due to insufficient liquidity and the ultra-high volatility in the gas and power market.” All positions in Shepherd Energy Portfolio had been unwinded by the end of October, with Stockholm-based Shepherd Energy AB ceasing to provide any portfolio management services as of the beginning of October.
US Hedge Funds Expect Strong Inflows Over the Next Two Years (Hedge Week)
The majority of US based hedge funds expect to see strong inflows over the next two years, according to a new study by quant technology provider SigTech. Some 86 per cent anticipate an increase in the level of investment into hedge funds, with 42 per cent predicting a dramatic rise. Between now and 2023, 92 per cent of US hedge funds surveyed, who collectively have USD74.76 billion in assets under management, also believe that the number of quantitative investment strategies launched will increase, with 34 per cent expecting a dramatic rise.
BFAM’s $4 Billion Hedge Fund Heads for Annual Loss on China Bets (Bloomberg)
BFAM Partners’ more than $4 billion hedge fund is heading for the first annual loss in its nine-year history, caught out by the sell-off in China real estate credit. The BFAM Asian Opportunities Fund has lost more than 10% in the first 11 months of the year, according to people with knowledge of its performance. It dropped about 7.5% in October and another 3.3% in November, they said, asking not to be identified because the information is private.
Friday 12/10 Insider Buying Report: AWRE, LILA (Nasdaq.com)
On Monday, Aware’s Director, John S. Stafford III, made a $212,286 purchase of AWRE, buying 70,016 shares at a cost of $3.03 a piece. So far Stafford III is in the green, up about 17.1% on their purchase based on today’s trading high of $3.55. Aware is trading up about 2.6% on the day Friday. This purchase marks the first one filed by Stafford III in the past twelve months. And at Liberty Latin America, there was insider buying on Wednesday, by Director Paul A. Gould who purchased 15,000 shares at a cost of $11.84 each, for a total investment of $177,610. Liberty Latin America is trading down about 0.3% on the day Friday. Investors can grab LILA at a price even lower than Gould did, with shares changing hands as low as $11.39 in trading on Friday which is 3.8% under Gould’s purchase price.
The Chairman of Sierra Metals (NYSEMKT: SMTS) is Buying Shares (Analyst Ratings)
Yesterday, the Chairman of Sierra Metals (SMTS), Jose Vizquerra-Benavides, bought shares of SMTS for $68.8K. This recent transaction increases Jose Vizquerra-Benavides’ holding in the company by 72% to a total of $124.4K. Currently, Sierra Metals has an average volume of 380.60K. The company has a one-year high of $3.92 and a one-year low of $1.28. Based on 4 analyst ratings, the analyst consensus is Moderate Buy with an average price target of $2.46, reflecting a -44.7% downside.
