Digital Asset Hedge Fund ARK36 Launches Algorithmic Machine Learning Trading Software (CrowdFundInsider.com)
ARK36, the Cyprus-based leading alternative investment digital asset fund, has announced today the launch of a proprietary machine learning-based trading software system, “to improve the way its portfolio management team can navigate the dynamic world of cryptocurrency trading.” The new software will “leverage advanced algorithms to enable ARK36’s traders to make more informed decisions, navigate market challenges and optimise their trading strategies with precision and confidence.”
Digital Asset Hedge Fund Alttab Capital Opens London Office to Expand International Footprint (FinancialIT.net)
AltTab Capital, the cryptocurrency and digital assets hedge fund company, announces the launch of an office in London, UK, which will allow it to expand its network of international Professional Investors and other partners. AltTab Capital was founded as an investment company in North America in 2021 and the fund has timed this launch to take advantage of thawing conditions in the digital asset markets to establish a presence in Europe. The fund currently has an AUM of $19M, including its principal Forerunner Fund and a number of Special Purpose Vehicles.
Hedge Fund Manager Sure Seems To Have A Decent Malpractice Case Against His Old Law Firm (DealBreaker)
Law firm Proskauer’s effort to avoid trial in a $636 million malpractice claim failed yesterday as a Boston judge denied the Biglaw firm’s motion for summary judgment. There are a lot of reasons laid out in the order, though one detail that doesn’t earn a starring role in the opinion might be the most problematic for the firm. The action, brought by former Proskauer client Robert Adelman, alleges that he missed out on his share of a multibillion-dollar hedge fund because the underlying agreement allowed the fund’s manager to unceremoniously boot Adelman.
The 50-Something Hedge Fund Managers Owning the Times’ Rich List (eFinancialCareers)
Financers always has a strong showing on the Sunday Times rich list alongside the aristocrats and the oligarchs, but that might not be the case for much longer. Hedge funds provided the bulk of the financial caucus in 2023’s rich list, as usual, but there’s a striking pattern amongst the titans on the list. They’re all… Well, they’re all quite old. They’re also very male, which isn’t that surprising given the industry.
Thursday 5/18 Insider Buying Report: VPG, FLIC (Nasdaq.com)
On Monday, Vishay Precision Group’s Director, Wes Cummins, made a $339,900 buy of VPG, purchasing 10,000 shares at a cost of $33.99 a piece. So far Cummins is in the green, up about 0.7% on their buy based on today’s trading high of $34.22. Vishay Precision Group is trading trading flat on the day Thursday. Before this latest buy, Cummins bought VPG on 10 other occasions during the past twelve months, for a total cost of $6.75M at an average of $38.49 per share. And also on Monday, John Abbott Root Cooper bought $305,700 worth of First of Long Island, buying 30,000 shares at a cost of $10.19 each. Before this latest buy, Cooper made one other buy in the past twelve months, purchasing $238,382 shares at a cost of $10.49 a piece. First of Long Island is trading trading flat on the day Thursday. Cooper was up about 6.0% on the purchase at the high point of today’s trading session, with FLIC trading as high as $10.80 in trading on Thursday.
Over $125M Bet On Occidental Petroleum? Check Out These 4 Stocks Insiders Are Buying (Benzinga)
Occidental Petroleum: The Trade: Occidental Petroleum Corporation (OXY) 10% owner Warren E Buffett bought a total 2,165,792 shares at an average price of $58.06. The insider spent around $125.75 million to buy those shares. DISH Network: The Trade: DISH Network Corporation (DISH) Director James Defranco acquired a total 3,000,000 shares an average price of $6.20. To acquire these shares, it cost around $18.59 million.
