Want to Invest in Crispin Odey’s Main Hedge Fund? Too Bad, It’s Closed to New Clients (Bloomberg)
Crispin Odey has closed his flagship hedge fund and two others to new clients, hoping to keep assets at a manageable level following a record year. The main Odey European hedge fund, as well as the OEI MAC and Odey Swan funds, are no longer accepting new investors, his firm said in an announcement on its website dated Oct. 26. Existing clients can continue to add money.
Sortis Income Fund Produces Net Annualized Return of 8.02% During Third Quarter (PRNewswire.com)
PORTLAND, Ore., Nov. 1, 2022 /PRNewswire/ — Sortis, LLC (“Sortis”), a Portland, Oregon-based alternative investment fund manager, announced that the Sortis Income Fund, LLC produced a net annualized return of 8.02% during the third quarter of 2022. The Sortis Income Fund (“SIF”) is an unleveraged mortgage fund that focuses on short-term, first position loans collateralized by commercial real estate. “Interest rates have continued to climb and inflation remains persistent. Any sort of volatility in the economy is generally good for private finance.
Healthcare Hedge Funds Decline 22.1% YTD But are Well-Placed to Capitalize on Current Trends and Grow Returns (Opalesque)
Opalesque Industry Update – The first nine months of 2022 have been exceptionally challenging for the global financial markets, with rising geopolitical tensions, inflation, interest rates, recession concerns and the emergence of new, more transmissible variants of Covid-19 among an evergrowing list of worries that investors must grapple with, causing a spike in market volatility that has seen the CBOE Volatility Index rise 83.6% this year. Against this backdrop, the average healthcare hedge fund declined 22.1%, a disappointing return but still superior to the 24.8% fall of the S&P 500.
Joakim Hannisdahl Working on Comeback (Hedge Nordic)
Stockholm (HedgeNordic) – After leaving Cleaves Asset Management due to “irreconcilable differences” with the Cleaves head office, Joakim Hannisdahl is now working on re-joining the Nordic hedge fund universe. The analyst-turned-hedge fund manager is currently in the process of launching a long/short shipping hedge fund under the umbrella of his new asset management company Gersemi Asset Management.
$10 Million Bet On This Consumer Cyclical Stock? 4 Stocks Insiders Are Buying (Benzinga)
Mobileye Global: The Trade: Mobileye Global Inc. (MBLY) CEO and President Amnon Shashua acquired a total of 476,191 shares an average price of $21.00. To acquire these shares, it cost around $10 million. Allegion: The Trade: Allegion PLC (ALLE) President and CEO John Stone acquired a total of 12,500 shares at an average price of $104.45. To acquire these shares, it cost around $1.31 million.
Insider Trading Of OSMO Token Reported In Binance, True? (HeraldSheets.com)
Recently, Binance announced its intention to list the OSMO token. However, 24 hours before the announcement, a wallet address bought over 2,029,846 OSMO. This has sparked the possibility of likely insider trading in the exchange. Famous crypto journalist, Colin Wu, tweeted that a wallet bought OSMO tokens before the token’s Binance listing, buying about 2 million coins at $1.34 each. Wu alleged that this could be a likely case of insider trading.
GOP Representative Disclosed Meta Stock Sale Worth Thousands Before Shares Took Massive Nosedive (WashingtonExaminer.com)
Rep. Michael McCaul (R-TX) disclosed a sell-off worth thousands of dollars in Meta stock before shares of the tech giant plummeted in value, filings show. McCaul, one of the most active stock trade filers in Congress, disclosed on Oct. 14 that in September, accounts owned by his wife and child sold between $61,000 and $215,000 combined of Meta, the multinational tech conglomerate that owns Facebook. But only two weeks later, on Thursday, Meta shares took a nosedive by over $700 billion, or 24%, after the company reported earnings that skirted investor expectations.
