‘We Need to Learn What Regulation Works and What Holds Us Back’ — Hedge Fund Exec (Coin Telegraph)
Jaime Baeza said that the fast-paced environment and regulatory uncertainty are some of the challenges institutions face in Web3. With more institutions joining the Web3 space, regulation has been identified as one of the trickier challenges that can either smother creativity or become a catalyst to broader adoption. In an interview with Cointelegraph, Jaime Baeza, the CEO of crypto hedge fund ANB Investments, shared the challenges of managing funds in the crypto space, opportunities that come amid regulatory uncertainty and his beliefs on what could lead to the broader adoption of Web3 technologies.
Sale of Warren Buffett Portrait Won’t Match $19M Lunch Bid (AP News)
OMAHA, Neb. (AP) — The auction of a high-tech portrait of Warren Buffett is unlikely to match the $19 million someone paid earlier this year for a private lunch with the billionaire, but it will still raise a significant amount of money for one of his favorite charities. The top bid for the signed portrait has already topped $75,000, and the biggest bids are likely to come near the end of the eBay auction when it wraps up Tuesday evening on Buffett’s 92nd birthday.
Carnegie Gets Credit Edge (Hedge Nordic)
Stockholm (HedgeNordic) – Nordic Cross Credit Edge, one of the four hedge funds under the Nordic Cross brand, will be managed by Carnegie Fonder under a new name – Carnegie Credit Edge – using a similar strategy starting on October 3. Nordic Cross portfolio manager Emil Nordström will continue to be responsible for the management of the fund.
Pixabay/Public Domain
Oil Demand Likely Won’t Decline for at Least 15 Years – Hedge Fund Manager Kyle Bass (Seeking Alpha)
Hedge fund manager Kyle Bass predicted Tuesday that oil demand likely won’t begin to decline for at least 15 years, as the transition to renewable energy unfolds over a decades-long time frame. “We believe that you won’t see any kind of decline in organic or inelastic hydrocarbon demand south of 2037, 2040. And that’s if we really adopt these things at record pace,” the founder and chief investment officer of Hayman Capital Management told CNBC.
Lone Pine Assets Down 43% on Back of Record Losses (Hedge Week)
Assets at Lone Pine Capital have plunged by 43% to $167 billion after the firm’s hedge and long only funds both racked up losses of over 30% so far in 2022, according to a report by Bloomberg. The report cites unnamed sources as revealing that a series of failed bullish wagers on growth stocks are responsible for the losses with further client withdrawals expected, despite an improvement in fund performance in July.
10 Best Stocks to Buy According to Billionaire Mario Gabelli (Insider Monkey)
In this article, we present the list of top 10 stock picks of Mario Gabelli’s GAMCO Investors at the end of the second quarter. If you want to skip the fund’s history, recent performance and details about its overall portfolio, please go directly to 5 Best Stocks to Buy According to Billionaire Mario Gabelli. It would be rare for a seasoned investor to be unaware of billionaire Mario Gabelli and his iconic asset management firm GAMCO Investors. With close to 5 decades of history, GAMCO Investors is considered one of the giants in the mutual funds and asset management industry. Mr. Gabelli also commands massive respect on the Street due to his decades-long investment career and a track record of delivering outsized gains to his investors.
Hedge Fund Mgr Predicts $200/Barrel Oil, $10/Gal Gasoline in 2023 (MarcellusDrilling.com)
Here’s a sobering (and startling) prediction: Within the next year, crude oil will likely hit $200 a barrel, translating to $10 a gallon at the pump. It will result in protests and demonstrations across the country and around the world. That’s the prediction of veteran financier and hedge fund manager Salem Abraham, who founded Abraham Trading Company over 30 years ago. Abraham says the so-called Inflation Reduction Act (IRA) coupled with a chronic underinvesting in fossil energy companies is why the price of oil is about to go haywire.
2 Remarkable Growth Stocks That Smart Investors Are Buying (The Motley Fool)
Billionaires with market-beating track records were buying these stocks in the second quarter. Building a market-beating portfolio is no simple task. The vast majority of professional money managers actually underperform the S&P 500 on a regular basis. But the ones who manage to beat the market can be a great source of inspiration. Karthik Sarma and David Shaw have accomplished that feat over the past three years, and both hedge fund managers were buying stocks in the second quarter. Sarma more than quadrupled his stake in Shopify (SHOP -2.63%), which now ranks as his fifth-largest holding, and Shaw more than quadrupled his position in Costco (COST -0.86%), which ranks as his 15th-largest holding.
Tuesday 8/30 Insider Buying Report: SCOR, IMMR (Nasdaq.com)
At comScore, a filing with the SEC revealed that on Monday, Director William Paul Livek purchased 350,000 shares of SCOR, for a cost of $2.09 each, for a total investment of $731,623. So far Livek is in the green, up about 14.8% on their purchase based on today’s trading high of $2.40. comScore is trading up about 4.6% on the day Tuesday. Before this latest buy, Livek bought SCOR on 2 other occasions during the past year, for a total cost of $1.21M at an average of $1.97 per share. And also on Monday, Chief Strategy Officer William C. Martin bought $256,576 worth of Immersion, buying 45,141 shares at a cost of $5.68 each. Before this latest buy, Martin made one other buy in the past twelve months, purchasing $341,955 shares at a cost of $5.70 each. Immersion is trading up about 1.8% on the day Tuesday. Martin was up about 4.9% on the purchase at the high point of today’s trading session, with IMMR trading as high as $5.96 at last check today.
$10.2 Million Bet On This Technology Stock? 3 Stocks Insiders Are Buying (Benzinga)
Insight Enterprises: The Trade: Insight Enterprises, Inc. (NSIT) 10% owner ValueAct Holdings GP, LLC acquired a total of 109,465 shares at an average price of $93.49. To acquire these shares, it cost around $10.23 million. CompoSecure: The Trade: CompoSecure, Inc. (CMPO) 10% owner Bleichroeder LP acquired a total of 500,000 shares at an average price of $5.50. To acquire these shares, it cost around $2.75 million.
