Asset Managers Plan to Outsource Data Management to Focus on Investing (Opalesque.com)
Asset managers plan to outsource functions such as data management and middle and back-office operations in order to cut costs and focus on their core job of generating investment returns for clients, said a study. “Many asset management firms are increasingly realizing the benefits that can be gained by partnering with external providers to outsource their business processes. Outsourcing is a way for many firms to achieve scale and gain access to capabilities usually only available to the largest players – potentially leveling the playing field,” said a report by Northern Trust. A recent survey, conducted by Northern Trust, which polled 300 asset managers around the world, has highlighted an increasing trend for asset managers to outsource front-to-back office operations in order to optimize their operating models, gain operational resiliency and improve bottom-line performance.
Aryzta Takeover Talks with Elliott Advisors Conclude Without Any Offer Put on Table (Just Food)
Aryzta said talks with Elliott Advisors (UK) about a potential takeover of the European bakery group have “concluded” without any offer being made, an outcome welcomed by one of the firm’s largest shareholders. Discussions with Elliott Advisors, part of New York-based hedge fund Elliott Management, have been going on for weeks under what were believed to be exclusive talks while other potential bidders were sitting in the background. That exclusivity period ended last week, according to a report in the Irish press, which had claimed, without providing sources, Aryzta had been approached by almost 20 other interested parties.
Agree Realty Corp (ADC) President & CEO Joey Agree Bought $1 million of Shares (Guru Focus)
President & CEO of Agree Realty Corp., Joey Agree, bought 15,293 shares of ADC on 10/23/2020 at an average price of $65.69 a share. The total cost of this purchase was $1 million. Agree Realty Corporation is engaged in real estate activities primarily in the United States. It manages retail properties for the purpose of generating shareholders income on a consistent basis. Agree Realty Corp has a market cap of $3.62 billion; its shares were traded at around $65.42 with a P/E ratio of 35.55 and P/S ratio of 13.96.
The CIO of Envestnet (NYSE: ENV) is Selling Shares (Analyst Ratings)
Yesterday, the CIO of Envestnet (ENV), Brandon Thomas, sold shares of ENV for $3.33M. Following Brandon Thomas’ last ENV Sell transaction on July 01, 2019, the stock climbed by 15.7%.
Arrowhead Pharmaceuticals Inc (ARWR) CEO Christopher Richard Anzalone Sold $5.8 million of Shares (Guru Focus)
CEO of Arrowhead Pharmaceuticals Inc, Christopher Richard Anzalone, sold 100,000 shares of ARWR on 10/23/2020 at an average price of $58.21 a share. The total sale was $5.8 million. Arrowhead Pharmaceuticals Inc is a biotechnology company. It is engaged in the development of medicine to treat diseases such as hepatitis B, and thrombosis with a genetic origin, primarily divided by the overproduction of one or more proteins.
Last Week’s Notable Insider Buys: Del Taco, First American And More (Benzinga)
Selecta Biosciences: Last week, a Selecta Biosciences Inc (SELB) director indirectly added more than 5.31 million shares at $2.17 to $2.80 apiece. That totaled more than $13.36 million and brought the director’s stake to over 14.48 million shares. This director also purchased around 3.73 million shares of this clinical-stage biopharmaceutical company earlier this month. Radius Global Infrastructure: New York-based Radius Global Infrastructure Inc (RADI) saw a beneficial owner return to the buy window. At $8.00 per share, the 250,000 shares most recently acquired totaled $2.00 million. That owner also bought 500,000 shares in the previous week and more than 668,000 shares before that, all for the same price.
The Non-Executive of Hargreaves Lansdown (Other OTC: HRGLF) is Buying Shares (Analyst Ratings)
Today, the Non-Executive of Hargreaves Lansdown (HRGLF), John Adrian Troiano, bought shares of HRGLF for $196.2K. This is Troiano’s first transaction since reporting a Sell transaction on GB:SDR back in March 2010. The company has a one-year high of $27.71 and a one-year low of $13.82. Currently, Hargreaves Lansdown has an average volume of . The Company has a Price to Book ratio of 12.68.
