Muddy Waters Capital Expands With the Addition of Marta Obando as Head of Marketing and Investor Relations (Businesswire)
AUSTIN, Texas –(BUSINESS WIRE)– Muddy Waters Capital LLC (“Muddy Waters”), an activist investment firm, today announced that Marta Obando has joined as head of investor relations and marketing. Bringing nearly three decades of global financial markets experience, Marta will lead the firm’s marketing and IR function. Prior to joining Muddy Waters, Marta ran a consultancy that connected businesses with private equity and venture growth capital. Previously, she raised capital for hedge funds and other alternative investment products and was a broker for equity products at global investment banks, including Morgan Stanley, Merrill Lynch, BNP, Bear Stearns, and Citigroup in Hong Kong.
Sachem Head Cuts Director Slate to 5 in US Foods Board Bbattle (Reuters)
BOSTON, April 11 (Reuters) – Activist investment firm Sachem Head on Monday cut its slate of director nominees at US Foods Holding Co (USFD.N) to five from seven, backing away from plans to try and take control of the food distributor’s board. The hedge fund, US Foods’ biggest shareholder with an 8.7% stake, announced the move in a regulatory filing less than two weeks after the company appointed two new independent directors to persuade investors it was pursuing the right strategy.
Schroders Acquires European Renewable Infrastructure Manager Greencoat Capital (Opalesque)
British multinational asset management company Schroders has completed the acquisition of a 75% shareholding in Greencoat Capital, one of Europe’s largest investment managers dedicated to the high-growth renewable infrastructure market. The remaining 25% is owned by Greencoat Capital’s founding directors. As a result, the renewable infrastructure manager will become part of Schroders Capital, the company’s private markets division, and be known as Schroders Greencoat, which has $75 billion in assets under management and is the private markets division of Schroders PLC.
Four Discounted Funds Paying Up To 9.8% Dividends (Forbes)
One thing we love about closed-end funds (beyond the dividends: many CEFs yield 7%+ today) is the big discounts to net asset value, or NAV, that these funds hand us. These discounts only exist with CEFs. Here’s why: CEFs typically can’t issue new shares to new investors after their IPOs, so their shares get bid up and down on the market, independent of how much their portfolios are actually worth.
BlackRock Joins Stablecoin Issuer Circle’s $400M Funding Round (Investing.com)
Circle, a major peer-to-peer payments firm and the principal operator of the UDC Coin (USDC), has announced a $400 million funding round and a new partnership with the American investment firm BlackRock (NYSE:BLK). The USDC issuer has entered into an agreement for a funding round featuring investors like BlackRock, the investment advisory firm Fidelity Management and Research, the London-based hedge fund Marshall Wace and Fin Capital, as Circle officially announced Tuesday. The investment round is expected to close in the second quarter of 2022.
Tuesday 4/12 Insider Buying Report: BDSX, DC (Nasdaq.com)
On Thursday, Biodesix’s Director, Matthew Strobeck, made a $2M buy of BDSX, purchasing 1,117,318 shares at a cost of $1.79 a piece. Strobeck was up about 35.2% on the purchase at the high point of today’s trading session, with BDSX trading as high as $2.42 at last check today. Biodesix is trading up about 26.7% on the day Tuesday. And at Dakota Gold, there was insider buying on Thursday, by CEO Jonathan T. Awde who bought 12,500 shares at a cost of $4.71 each, for a total investment of $58,830. This buy marks the first one filed by Awde in the past twelve months. Dakota Gold is trading down about 3.1% on the day Tuesday. Awde was up about 9.4% on the purchase at the high point of today’s trading session, with DC trading as high as $5.15 in trading on Tuesday.
