Rhenman’s Flagship Healthcare Hedge Fund Climbs in August (Hedge Week)
Rhenman & Partners Asset Management, a Stockholm-based global healthcare-focused hedge fund firm, saw its flagship strategy rise in August thanks to a tentative recovery in the med-tech sector and signs of more M&A activity within healthcare stocks. The Rhenman Healthcare Equity Long/Short Fund – which trades a range of small, medium and large pharmaceuticals, biotechnology, medical technology and service company names – added 4 per cent in its euro-denominated class in August. Its SEK share class meanwhile returned 3.75 per cent for the month, with the fund now up 3.5 per cent year-to-date.
Billionaire Hedge Fund Manager Warns of 10% Inflation (FXStreet.com)
Over the past month, gold has traded in a range with support around $1,900. Bulls have made a couple unsuccessful attempts to retake and hold above the $2,000 level following the sharp plunge below it on August 11th. But we are likely to see a more decisive move in the gold market one way or the other in the days ahead. The near-term outlook for precious metals markets may be determined by where the U.S. Dollar Index heads next. It has been basing out since August after trending lower earlier in the summer.
Workday Inc (WDAY) Co-CEO Aneel Bhusri Sold $18.6 million of Shares (Guru Focus)
Co-CEO of Workday Inc, Aneel Bhusri, sold 88,339 shares of WDAY on 09/08/2020 at an average price of $210 a share. The total sale was $18.6 million. Workday Inc is a SaaS provider offering enterprise resource planning, or ERP, software for medium and large enterprises. The company’s product portfolio is built around human capital and financial management software.
Ex-PetMed Execs to Pay $2.5 Million in Insider Trading Penalties (Bloomberg Law)
Two former executives of PetMed Express Inc. will pay a total of $2.5 million in civil penalties to settle insider trading claims under agreements filed Thursday in the Southern District of Florida. Adam Terris, former director of PetMed’s call center and pharmaceutical operations, will pay $1.4 million in penalties, while Richard M. Kirsch, former director of information systems for the company, will pay just over $1 million to resolve allegations brought by the Securities and Exchange Commission.
The EVP-Global R&D of The Estée Lauder Companies (NYSE: EL) is Selling Shares (Analyst Ratings)
Yesterday, the EVP-Global R&D of The Estée Lauder Companies (EL), Carl Haney, sold shares of EL for $1.12M. In addition to Carl Haney, 8 other EL executives reported Sell trades in the last month. The company has a one-year high of $224.23 and a one-year low of $137.01. The Company has a Price to Book ratio of 397.66. Currently, The Estée Lauder Companies has an average volume of 957.42K.
Ringcentral Inc (RNG) CEO & Chairman Vladimir Shmunis Sold $5.2 million of Shares (Guru Focus)
CEO & Chairman of Ringcentral Inc, Vladimir Shmunis, (insider trades) sold 20,000 shares of RNG on 09/09/2020 at an average price of $261.1 a share. The total sale was $5.2 million. RingCentral Inc provides software-as-a-service, or SaaS, solutions for business communications. Its solutions can be used in multiple devices including Smartphones, Tablets, PC’s and Desk Phones which allows for communication across multiple channels.
