Mike Novogratz Talks Down on Litecoin, Talks Up SOL and Luna (Coin Speaker)
CEO of Galaxy Investment Partners Mike Novogratz questions the technological framework of Litecoin, prefers LUNA and Solana. Mike Novogratz spoke ill of digital currency Litecoin (LTC) in a recent media session, saying it is “not a technology”. The ex-hedge fund manager also said that LTC lacked proper community engagement and had poor technological innovation. Speaking with CNBC’s Joe Kernen, Novogratz said: “It’s strange to me that Litecoin shows up on anyone’s, you know… it’s not something that people are engaged in, it’s not a technology…”
Billionaire Investor Ray Dalio Says the US is Coming to the Brink of an Empire-Ending Catastrophe. Here’s Why He’s Worried and How He Says You Should Invest Your Money. (Business Insider)
Ray Dalio of Bridgewater Associates is known for successful investing on a global scale. Dalio has been studying the rise and fall of empires and says the US is in trouble. He says investors should stay balanced, consider the effects of inflation, and hold little cash. Almost 50 years later, Ray Dalio still remembers his reaction to the news that the US would no longer allow dollars to be swapped for gold. He was sure it would be a disaster for markets.
These Are The Top Ten Holdings of Davidson Kempner (Entrepreneur)
Davidson Kempner is among the largest hedge fund managers in 2021. It was founded by Marvin Davidson in 1983, while Thomas Lenox Kempner, Jr. is currently its Executive Managing Member. Kempner is a graduate from Harvard Business School. Let’s take a look at the top ten holdings of Davidson Kempner. Top Ten Holdings of Davidson Kempner: We have used the latest 13F filing (September 30, 2021) to come up with the top ten holdings of Davidson Kempner. We have considered only stock holdings of Davidson Kempner for our list.
Pressmaster/Shutterstock.com
John Rogers’ Top Stock Picks (TechStory.in)
John Washington Rogers is an American hedge fund manager and investor who founded Ariel Investments in 1983. The Illinois-based hedge fund has over $8.9 billion in managed securities, with a net annualized return of 10.75% from its inception through November 2020. The 62-year-old investor, who is one of the few black hedge fund managers in the country, recently launched Ariel Alternatives, a fund that will invest in and scale sustainable minority-owned businesses. JP Morgan is backing the fund with a $200 million commitment.
GoDaddy Sells $800m Stake to Private Investor Firm (Tech Radar)
American hedge fund Starboard Value acquired a 6.5% stake in GoDaddy, a filing with the US Securities and Exchange Commission (SEC) has shown. The deal had cost the fund approximately $800 million, according to the Wall Street Journal. According to the filing, the fund believed shares in the web hosting group were “undervalued” and represented “an attractive investment opportunity”.
Top U.S. VC Firms are Struggling to Find the Right Staff in Europe (CNBC)
LONDON — Some of America’s most successful venture capital firms have been finding it difficult to recruit people to lead their new European outposts, multiple industry sources have told CNBC. U.S. VC heavyweights including Sequoia Capital, Bessemer Venture Partners, Lightspeed Venture Partners and General Atlantic have all either opened new European offices or started notable expansions in the last 12 months.
Will Bitcoin Touch $1 Million? Billionaire Ray Dalio Doesn’t Think So (International Business Times)
Bitcoin might not touch $1 million, said billionaire Ray Dalio, an American hedge fund manager and investor who also served as the co-chief investment officer of the world’s largest hedge fund, Bridgewater Associates. In an interview with Lex Fridman, a podcaster and a a computer scientist and AI researcher at MIT, Dalio said that he doesn’t see Bitcoin reaching $1 million per coin.
Monday 12/27 Insider Buying Report: RAD, NX (Nasdaq.com)
On Wednesday, Rite Aid’s CEO, Heyward R. Donigan, made a $199,960 buy of RAD, purchasing 14,350 shares at a cost of $13.93 a piece. Rite Aid is trading up about 0.2% on the day Monday. This buy marks the first one filed by Donigan in the past twelve months. And also on Wednesday, Director Jason Lippert purchased $119,000 worth of Quanex Building Products, purchasing 5,000 shares at a cost of $23.80 each. Before this latest buy, Lippert made one other purchase in the past twelve months, buying $117,000 shares at a cost of $23.40 a piece. Quanex Building Products is trading up about 1.5% on the day Monday. Lippert was up about 5.0% on the purchase at the high point of today’s trading session, with NX trading as high as $24.98 at last check today.
A Director at Mondelez International (NASDAQ: MDLZ) is Selling Shares (Analyst Ratings)
Today, a Director at Mondelez International (MDLZ), Fredric Reynolds, sold shares of MDLZ for $5.7M. Following Fredric Reynolds’ last MDLZ Sell transaction on August 10, 2015, the stock climbed by 24.0%. This is Reynolds’ first Sell trade following 4 Buy transactions. Based on Mondelez International’s latest earnings report for the quarter ending September 30, the company posted quarterly revenue of $7.18 billion and quarterly net profit of $1.26 billion.
Treace Medical Concepts Inc (TMCI) CEO John T. Treace Sold $1.4 million of Shares (Guru Focus)
CEO of Treace Medical Concepts Inc, John T. Treace, sold 81,670 shares of TMCI on 12/27/2021 at an average price of $16.72 a share. The total sale was $1.4 million.
ASIC Scrutinising 67 Super Fund Employees in Insider Trading Inquiry (AFR.com)
The corporate regulator is scrutinising investment switches made by 67 super fund workers as it considers whether to take fund employees to court for insider trading. The Australian Securities and Investments Commission has been investigating whether to take superannuation fund executives to court for moving their personal retirement savings out of unlisted assets before the investments were dramatically valued lower at the onset of the COVID-19 pandemic.
SEC Charges Five Russians in $80 Million Hacking and Trading Scheme (HedgeCo.net)
(HedgeCo.Net) The Securities and Exchange Commission announced fraud charges against five Russian nationals for engaging in a multi-year scheme to profit from stolen corporate earnings announcements obtained by hacking into the systems of two U.S.-based filing agent companies before the announcements were made public. The filing agents assist publicly traded companies with the preparation and filing of periodic reports with the SEC, including quarterly reports containing earnings information.
