ThirdYear Capital launches macro fund with Agathon Capital and Universal-Investment (Opalesque.com)
ThirdYear Capital has launched a new macro UCITS fund together with Agathon Capital and Universal-Investment. The ART Global Macro fund invests in liquid and exchange-traded instruments such as equities, government bonds and futures. The fund was launched with EUR 20 million and is administered by Universal-Investment. ThirdYear Capital is known for its quantamental trading strategies. The firm is led by Martin Rossner who was previously with Man Group.
How China’s Pork Disruption is Shaping Contrarian Hedge Fund Russell Clark’s Global Crop Price Stance (Hedge Week)
London-based global equity hedge fund Russell Clark Investment Management is eyeing a rise in global agricultural crop prices amid potential wider global food inflation, as a result of the disruptive impact of swine flu on China’s pig population. China – the world’s foremost pig producer and consumer – has seen the cost of pork double after the African Swine Flu virus wiped almost two-thirds of the country’s pigs between 2018 and 2020, with prices there now six times those of the US. In a note this week, Clark suggested that the global pork market is set to stay “very tight for a prolonged period of time”, stemming partly from China needing to rebuild its herd post-virus, and also a lack of increased exports from the EU – the dominant global pork exporter – due to a separate swine flu outbreak in Germany.
The Executive Vice-President & Divisional Head of Telia Company AB (Other OTC: TLSNF) is Buying Shares (Analyst Ratings)
Today, the Executive Vice-President & Divisional Head of Telia Company AB (TLSNF), Anders Olsson, bought shares of TLSNF for $487.8K. This recent transaction increases Anders Olsson’s holding in the company by 11% to a total of $665.7K. In addition to Anders Olsson, 2 other TLSNF executives reported Buy trades in the last month.
Tradeweb Markets Inc (TW) CEO Lee Olesky Sold $2.2 million of Shares (Guru Focus)
CEO of Tradeweb Markets Inc, Lee Olesky, sold 37,011 shares of TW on 10/22/2020 at an average price of $60.16 a share. The total sale was $2.2 million. Tradeweb Markets Inc has a market cap of $13.81 billion; its shares were traded at around $60.80 with a P/E ratio of 70.70 and P/S ratio of 12.22. The dividend yield of Tradeweb Markets Inc stocks is 0.53%.
Divis Lab Insider Trading Case: CFO & 7 Other Members Settle Case with Sebi (CNBC)
SEBI in September had charged the CFO of Divis Laboratories and 7 other members of insider trading. Now, all 8 people have settled the case with SEBI without admitting or denying the findings of the probe. They have agreed to pay a cumulative amount of around Rs 31 million versus the alleged unlawful gain of Rs 9.7 million. According to Macquarie, while the settlement does remove the overhang for a short period, they will closely monitor any governance lapses in the company. Macquarie continues to maintain an outperform rating on the stock with a target price of Rs 3,764 per share.
Sebi Levies Fine on Biocon Employee for Violating Insider Trading Norms (MSN Money)
Markets regulator Sebi on Friday levied a fine on an employee of Biocon Ltd for violating insider trading norms while dealing in the scrip of the firm. The employee, Vandana Singh (noticee), general manager regulatory affair of Biocon at the time of investigation and also a designated person, is facing a fine of Rs 3 lakh for violating provisions of Prohibition of Insider Trading (PIT) norms. An investigation carried out by the regulator found that Singh, who held 9,550 shares of the company, acquired through the exercise of employee stock option plan (ESOP), sold 3,550 shares between May 2018 to September 2018 without seeking pre-clearance from the compliance officer.
Citrix Systems Inc (CTXS) EVP & Chief People Officer Donna Nappen Kimmel Sold $2 million of Shares (Guru Focus)
EVP & Chief People Officer of Citrix Systems Inc, Donna Nappen Kimmel, sold 14,668 shares of CTXS on 10/22/2020 at an average price of $135.39 a share. The total sale was $2 million. Citrix Systems Inc provides virtualization, networking and cloud infrastructure solutions. It provides a complete and integrated portfolio of application delivery, virtualization, mobility, network delivery and file sharing solutions.
