85% of Hedge Funds Now Use JPMorgan’s Tool to Monitor Retail on Social Media (The Tokenist)
Hedge funds that were shorting GameStop (GME) and AMC Entertainment Holdings (AME) in 2021 took on huge losses after an army of retail traders gathered forces on social media and triggered a short squeeze. The managers involved in those sagas suffered billions in losses, and some even had to close their doors. To prevent such losses in the future, hedge funds are now ensuring that they do not fall on the “wrong side of meme-stock plays” by monitoring social media platforms and messaging boards commonly used by retail traders.
Buy or Sell AMZN? What Two Top Hedge Fund Managers Have to Say (The Street)
Goodreid Investment Counsel’s Gordon Reid believes 2022 will be Amazon’s year. Blue Whale’s Stephen Yiu thinks differently. Today the Amazon Maven compares an AMZN bull versus an AMZN bear. Top investment firms such as Goldman Sachs, Wells Fargo, and Bank of America are bullish on Amazon stock for 2022. Now it’s Goodreid Investment Counsel’s turn: CEO Gordon Reid has joined the club of AMZN bulls, naming the stock his top pick for 2022.
AMG, Systematica CEO Acquire BlueCrest’s Stake in Hedge Fund Systematica (Opalesque)
American international investment management company Affiliated Managers Group (AMG) and Systematica Investments founder Leda Braga have jointly acquired the remaining minority equity interest in hedge fund Systematica previously owned by a third-party investor. According to a Bloomberg report, the third-party investor was BlueCrest Capital Management. Billionaire Michael Platt‘s BlueCrest had kept an undisclosed equity stake in the $13 billion hedge fund firm after selling a part of its 49% holding to West Palm Beach, Florida-based AMG in 2015 when Braga spun out of the firm.
Wednesday 1/19 Insider Buying Report: THO, UNVR (Nasdaq.com)
On Friday, Thor Industries’s Director, Peter Busch Orthwein, made a $985,384 buy of THO, purchasing 10,000 shares at a cost of $98.54 a piece. Thor Industries is trading up about 1.9% on the day Wednesday. Before this latest buy, Orthwein made one other purchase in the past year, buying $1.03M shares at a cost of $103.41 each. And at Univar Solutions, there was insider buying on Friday, by Director Christopher D. Pappas who bought 5,000 shares at a cost of $27.88 each, for a total investment of $139,400. Before this latest buy, Pappas purchased UNVR on 3 other occasions during the past year, for a total cost of $499,930 at an average of $22.72 per share. Univar Solutions is trading off about 0.1% on the day Wednesday. Pappas was up about 1.2% on the purchase at the high point of today’s trading session, with UNVR trading as high as $28.22 in trading on Wednesday.
Peloton Insiders Sold Nearly $500 Million in Stock Before its Big Drop (NBC News)
Peloton executives and insiders sold nearly $500 million worth of their stock before the shares tanked, according to filings with the Securities and Exchange Commission. The company’s stock is down more than 80 percent from its highs last year, and it hit a 52-week low of $29.11 Tuesday. Yet the company’s CEO and other executives sold millions of shares at prices over $100 a share in the months leading up to the big declines.
