April Hedge Fund Redemptions Totalled USD38.1bn, Says Backstop BarclayHedge (Hedge Week)
The Covid-19 pandemic’s impact on hedge fund redemptions continued in April as the industry experienced USD38.1 billion in outflows. While a sizeable sum, the net redemption total was less than half of March’s USD85.6 billion redemption total. April’s redemptions represented 1.3 per cent of industry assets, according to the Barclay Fund Flow Indicator published by BarclayHedge, a division of Backstop Solutions. A positive note was a USD101.2 billion monthly trading profit fuelled by an April stock market rally, bringing total hedge fund industry assets to more than USD2.99 trillion as April ended, up from USD2.86 trillion at the end of March.
Tuesday 6/23 Insider Buying Report: DMLP, EDI (Nasdaq.com)
At Dorchester Minerals, a filing with the SEC revealed that on Thursday, Chief Operating Officer Bradley J. Ehrman purchased 4,000 shares of DMLP, for a cost of $11.13 each, for a total investment of $44,520. So far Ehrman is in the green, up about 7.8% on their purchase based on today’s trading high of $12.00. Dorchester Minerals is trading up about 2.7% on the day Tuesday. Before this latest buy, Ehrman bought DMLP at 2 other times during the past year, for a total investment of $55,922 at an average of $13.28 per share. And at Stone Harbor Emerging Markets Total Income Fund, there was insider buying on Thursday, by Executive Vice President James E. Craige who purchased 5,555 shares for a cost of $7.53 each, for a total investment of $41,829.
Zoom Video Communications Inc (ZM) CFO Kelly Steckelberg Sold $2.7 million of Shares (Guru Focus)
CFO of Zoom Video Communications Inc, Kelly Steckelberg, sold 11,066 shares of ZM on 06/18/2020 at an average price of $240.49 a share. The total sale was $2.7 million. Zoom Video Communications Inc has a market cap of $70.88 billion; its shares were traded at around $251.27 with a P/E ratio of 1478.05 and P/S ratio of 89.01.
The Co-President & Co-COO of Virtu Financial (NASDAQ: VIRT) is Selling Shares (Analyst Ratings)
Yesterday, the Co-President & Co-COO of Virtu Financial (VIRT), Joseph Molluso, sold shares of VIRT for $2.39M. In addition to Joseph Molluso, one other VIRT executive reported Sell trades in the last month.
Canadian Securities Violations Led to $45M in Fines, About 19 Years Jail Time in Past Year (CBC.ca)
Canadian Securities Administrator investigations into fraud, market manipulation, insider trading and other violations resulted in more than $45 million worth of sanctions in the year ending March 2020. The organization of provincial and territorial securities regulators said in that time period, four individuals received a total of 18 years and 11 months of jail terms for criminal cases, while eight people received 10 years and eight months of prison time for quasi-criminal cases. The CSA concluded 23 fraud cases resulting in more than $3.3 million in penalties.
