Twenty20 Capital Launches New USD20m Hedge Fund with MP Alpha Capital (Hedge Week)
London-based investment firm, Twenty20 Capital, has joined forces with MP Alpha Capital – making a cornerstone investment into the firm’s “post-Covid” hedge fund. MP Alpha Capital was founded by John Phillips and Damien Miller with the objective of creating a hybrid and asymmetrical fund mixing digital assets and equities, for the post pandemic world. The companies have successfully secured USD20 million during their first fundraising round, enabling the fund to go live in the AKJ Ecosystem – a fully digital hedge fund management service.
Renaissance Investor Exodus Nears $15 Billion Despite 2021 Gains (Bloomberg)
Many hedge fund managers would celebrate if they posted a 20% annual return, as Renaissance Technologies’ biggest fund did last year, beating industry benchmarks. Yet its customers keep heading for the exits. Redemptions from the firm — one of the world’s biggest, oldest and most sophisticated hedge fund operators — have swelled to about $14.6 billion across its three public funds over the past 14 months, according to investor documents seen by Bloomberg.
CABA’s Pedersen On a New Adventure (Hedge Nordic)
Stockholm (HedgeNordic) – Two years after joining Copenhagen-based fixed-income boutique CABA Capital as Chief Product Manager, Kristian Myrup Pedersen is heading for a new challenge at Danish family-owned investment company Faurby Capital. Pedersen will join as an analyst and will help support and strengthen Faurby Capital’s investment work.
Thursday 1/20 Insider Buying Report: NSTS, NYC (Nasdaq.com)
At NSTS Bancorp, a filing with the SEC revealed that on Tuesday, Director Thomas M. Ivantic bought 20,000 shares of NSTS, for a cost of $10.00 each, for a total investment of $200,000. So far Ivantic is in the green, up about 25.9% on their purchase based on today’s trading high of $12.59. NSTS Bancorp is trading down about 0.5% on the day Thursday. And at New York City REIT, there was insider buying on Wednesday, by Director Elizabeth K. Tuppeny who bought 9,200 shares for a cost of $11.83 each, for a trade totaling $108,836. New York City REIT is trading up about 2.5% on the day Thursday. Bargain hunters can bag NYC even cheaper than Tuppeny did, with the stock changing hands as low as $10.88 at last check today which is 8.0% under Tuppeny’s purchase price.
Cathie Wood’s ARK Invest Closes at 18-Month Low – Should You Rethink Your Investment Strategy? (GoBankingRates.com)
Is Cathie Wood’s ARK Innovation exchange-traded fund (ARKK) a sinking ship? Many analysts and media sources are saying it could be after it hit an 18-month low, falling 38% in the last 12 months, Time reported. Last week, it experienced its largest single day of outflows in 10 months, losing $352 million, according to SeekingAlpha.
3 Men Including an Officer Face Insider Trading Charges (The News Tribune)
Three men, including a Massachusetts police officer, were arrested Wednesday for allegedly conspiring to trade shares of a company based on inside information, federal prosecutors in Boston said. David Forte, 58, of Acton; John Younis, 59, of Bristol, Rhode Island; and Gregory Manning, 59, of Needham, are each charged with conspiracy to commit securities fraud, said a statement from the office of U.S. Attorney for Massachusetts, Rachael Rollins.
