Argentium Launches New Systematic Crypto Arb Multi-Strat Hedge Fund (Stock House)
LONDON , May 6, 2021 /PRNewswire/ — A senior markets executive who spent time at JPMorgan and Credit Suisse is preparing to launch a crypto hedge fund in London called Argentium Digital Asset Management. FCA regulated platform AK Jensen is providing infrastructure to the firm’s recently launched Cayman vehicle called The Argentium Chimera Fund. Paul Frost-Smith , most recently CEO and Head of Markets at Haitong Securities, has spent the last two years working with developers and co-founders Larry Grant and Marc Deveaux to build three crypto- strategies, known collectively as Chimera.
Third Point Extends Its Strongest Start in 11 Years (Institutional Investor)
The multistrategy fund’s gains have been led by equity long bets as well as several other strategies. Dan Loeb’s Third Point Offshore has gotten off to its best start since 2010 even though it lagged the overall market in April. The multistrategy fund rose just 1.7 percent last month compared with a 5.3 percent gain for the S&P 500.
Thursday 5/6 Insider Buying Report: AMG, PTRS (Nasdaq.com)
At Affiliated Managers Group, a filing with the SEC revealed that on Tuesday, Director Reuben Jeffery III bought 2,500 shares of AMG, for a cost of $160.49 each, for a total investment of $401,225. Jeffery III was up about 6.2% on the buy at the high point of today’s trading session, with AMG trading as high as $170.45 in trading on Thursday. Affiliated Managers Group is trading off about 0.7% on the day Thursday. Before this latest buy, Jeffery III bought AMG on 2 other occasions during the past twelve months, for a total cost of $714,625 at an average of $95.28 per share. And at Partners Bancorp, there was insider buying on Wednesday, by Director Michael W. Clarke who bought 31,950 shares for a cost of $7.71 each, for a total investment of $246,216. Before this latest buy, Clarke bought PTRS on 4 other occasions during the past twelve months, for a total investment of $394,389 at an average of $7.31 per share. Partners Bancorp is trading off about 0.1% on the day Thursday.
The EVP & Pres. Access Segment of Oshkosh (NYSE: OSK) is Selling Shares (Analyst Ratings)
Yesterday, the EVP & Pres. Access Segment of Oshkosh (OSK), Frank Nerenhausen, sold shares of OSK for $2.56M. Following Frank Nerenhausen’s last OSK Sell transaction on February 03, 2021, the stock climbed by 32.1%. In addition to Frank Nerenhausen, 2 other OSK executives reported Sell trades in the last month.
Oppenheimer Holdings Inc (OPY) CFO Jeffrey J Alfano Sold $1.7 million of Shares (Guru Focus)
CFO of Oppenheimer Holdings Inc, Jeffrey J Alfano, sold 33,744 shares of OPY on 05/05/2021 at an average price of $49.6 a share. The total sale was $1.7 million.
Westpac Insider Trading Case could Set Precedent, Expert Says (Investor Daily)
As the third insider trading lawsuit brought against a company in Australia, the Westpac case could force significant changes for the financial services industry and corporations at large, a legal expert has said. ASIC launched its civil proceedings against Westpac on Wednesday, alleging traders at the big four bank had used insider knowledge in a $12 billion interest rate swap transaction. If ASIC’s claim proceeds to trial and Westpac is ultimately found guilty, it will be a landmark case, University of Sydney Business School associate professor Juliette Overland has said.
