How A New Hedge Fund Is Breaking Industry Barriers By Going Cloud Native (Forbes)
For years, top quantitative hedge funds have invested millions of start-up capital to gain a technical edge. Now cloud is leveling the playing field so that the best ideas win. The flexibility and extensibility of a cloud-native approach saves on time and start-up capital while also addressing regulatory, security, and talent needs. Michael DeAddio, COO and co-founder of systematic hedge fund Dark Forest, explains how his firm is finding new routes to alpha in the cloud. Hedge funds have often been on the leading edge of technology, as they seek whatever advantage they can in beating the market and their peers.
Investors Flee Brazil Hedge Funds After Surge in Interest Rates (Bloomberg)
Brazilian hedge funds are hemorrhaging money as the sharp rise in interest rates increases the appeal of safer bets in fixed-income assets. Investors pulled about 12.5 billion reais ($2.2 billion) out of domestic hedge funds in October, according to Brazil’s capital-markets association Anbima. It comes after a 13.4 billion reais net outflow in September, the biggest monthly withdrawal since 2017.
Friday 11/5 Insider Buying Report: BRDS, OPBK (Nasdaq.com)
On Thursday, BRDS’ Director, James E. Mutrie, made a $4.3M buy of BRDS, purchasing 430,000 shares at a cost of $10.00 each. Investors can pick up BRDS even cheaper than Mutrie did, with shares changing hands as low as $8.21 in trading on Friday — that’s 17.9% under Mutrie’s purchase price. BRDS is trading up about 0.1% on the day Friday. And at OP Bancorp, there was insider buying on Wednesday, by Director Ock Hee Kim who purchased 80,000 shares for a cost of $12.64 each, for a total investment of $1.01M. OP Bancorp is trading up about 0.2% on the day Friday. Investors have the opportunity to snag OPBK at a price even lower than Kim did, with the stock trading as low as $12.46 at last check today which is 1.4% under Kim’s purchase price.
A Director at Customers Bancorp (NYSE: CUBI) is Selling Shares (Analyst Ratings)
Yesterday, a Director at Customers Bancorp (CUBI), Lawrence Way, sold shares of CUBI for $6.08M. Following Lawrence Way’s last CUBI Sell transaction on June 13, 2018, the stock climbed by 25.3%. In addition to Lawrence Way, 2 other CUBI executives reported Sell trades in the last month. Based on Customers Bancorp’s latest earnings report for the quarter ending September 30, the company posted quarterly revenue of $239 million and quarterly net profit of $116 million. In comparison, last year the company earned revenue of $140 million and had a net profit of $50.52 million. The company has a one-year high of $56.49 and a one-year low of $13.85. Currently, Customers Bancorp has an average volume of 659.99K.
Curo Group Holdings Insider Sold $2.3M In Company Stock (Benzinga)
Michael Mcknight, Director at Curo Group Holdings (NYSE:CURO), made a large insider sell on November 4, according to a new SEC filing. What Happened: A Form 4 filing from the U.S. Securities and Exchange Commission on Thursday showed that Mcknight sold 133,890 shares of Curo Group Holdings at prices ranging from $17.00 to $17.50. The total transaction amounted to $2,333,121.
