Alden Capital head Freeman buys Coconut Grove mansion for $19M (Photos) (BizJournals)
Heath Freeman, managing director of the Alden Global Capital hedge fund, paid $19 million for a waterfront mansion in Coconut Grove, according to a source with knowledge of the deal. David J. Ivler, the president of DJI Corp; and his wife, Jessica W. Ivler, sold the 11,253-square-foot home at 3503 Main Lodge Drive in the gated Camp Biscayne neighborhood. Toni Schrager of Brown Harris Stevens represented the seller while the buyer worked with Judith Werner of Bold Miami. The price equated to $1,688 per square foot.
Warren Buffett’s Largest Healthcare Stock Investment (The Motley Fool)
DaVita (NYSE:DVA) is the only healthcare stock you’ll find in Berkshire Hathaway’s (NYSE:BRK.A)(NYSE:BRK.B) 10 largest holdings. In a recent episode of The Rank on Fool Live, longtime Fool.com contributors Matt Frankel, CFP, and Jason Hall ranked the top 10 holdings in Berkshire’s portfolio to determine the best places to invest new money. In this clip, recorded on Aug. 30, you’ll hear where DaVita ranks.
Crypto Crash: Here’s Why Billionaire John Paulson’s ‘Worthless’ Call Might Be Right (Money Wise)
It feels as though cryptocurrency has been deemed a worthless fad since Bitcoin first emerged from the guts of an anonymous engineer’s computer rig back in 2009. While some of the criticism has come from the general public, who may not have a clear grasp on what cryptocurrencies are, how they work or why they possess any value whatsoever, some very clued-in financial minds have also questioned crypto’s rising prominence.
Asset Managers Need a Tech Overhaul (Institutional Investor)
Asset managers used to depend on in-person conversations to strike deals, but that’s no longer the case as managers and clients across the globe shift to remote work. That’s one reason 75 percent of asset managers showed a strong appetite for digital transformations, according to a recent survey from KPMG.
Axon Capital’s co-CIO Explains Why the $500 Million Hedge Fund is Ramping Up Its SPAC Bets as the Market Cools Down (Business Insider)
The SPAC boom is cooling down as regulators are increasingly scrutinizing these deals and launches face a slew of lawsuits. Despite the regulatory environment for special purpose acquisition companies, hedge fund manager Axon Capital is just getting started in the space. SPACs, or companies created solely to merge or acquire another business and take it public, are $500 million Axon Capital’s latest investment focus, Kori Estrada, co-chief investment officer at Axon, told Insider.
Friday 9/10 Insider Buying Report: ON, REVG (Nasdaq.com)
On Tuesday, ON Semiconductor’s Director, Gregory L. Waters, made a $769,420 buy of ON, purchasing 17,000 shares at a cost of $45.26 a piece. Waters was up about 4.3% on the buy at the high point of today’s trading session, with ON trading as high as $47.20 at last check today. ON Semiconductor is trading up about 3.8% on the day Friday. This buy marks the first one filed by Waters in the past twelve months. And on Thursday, Director Paul J. Bamatter bought $758,500 worth of REV Group, buying 50,000 shares at a cost of $15.17 a piece. Before this latest buy, Bamatter made one other purchase in the past year, buying $760,000 shares for a cost of $15.20 each. REV Group is trading up about 12.8% on the day Friday. So far Bamatter is in the green, up about 16.0% on their buy based on today’s trading high of $17.60.
An Insider at Corning (NYSE: GLW) is Selling Shares (Analyst Ratings)
Yesterday, an Insider at Corning (GLW), Clark Kinlin, sold shares of GLW for $602.7K. In addition to Clark Kinlin, 4 other GLW executives reported Sell trades in the last month. Based on Corning’s latest earnings report for the quarter ending June 30, the company posted quarterly revenue of $3.5 billion and quarterly net profit of $449 million. In comparison, last year the company earned revenue of $2.56 billion and had a GAAP net loss of $71 million.
