Investors Pour Venture Capital into Canada (Preqin)
Venture capital interest in Canadian start-ups, particularly tech, has skyrocketed in 2021, drawing capital from both domestic and foreign investors. Venture capitalists have taken a shine to Canadian companies in recent years. This could be surprising to some, who see the country’s investment ecosystem revolving around energy and natural resources. So far this year, more than $6.2bn has been invested in Canada-based portfolio companies, adding some momentum to a trend that temporarily flatlined in 2020.
Should HNIs Consider Investing in Alternative Investment Funds? (LiveMint)
Investors’ search for a buffer against economic uncertainties and muted returns from stock and bond markets over the past few years have pushed them to high-yield strategies offered by alternative investment funds. Consequently, assets under management (AUM) of these funds have grown to more than 4.50 trillion as of March 2021 against 360 crore in December 2012, as per data available with the Securities and Exchange Board of India (Sebi).
SCOR AGM Vote Sends “Strong Message” Over Shareholder Discontent, Says Activist Hedge Fund CIAM (Hedge Week)
Activist hedge fund CIAM says SCOR SE’s board of directors can “no longer ignore” shareholder discontent over governance practices, after the French reinsurance firm’s annual general meeting registered sizeable opposition to the board’s proposed remuneration policies. London- and Paris-based manager CIAM has been campaigning against what it sees as “significant corporate governance deficiencies” at SCOR, and had earlier called on shareholders to vote against the re-election of Kessler and board directors, and to oppose planned remuneration policies at Wednesday’s AGM.
Daniel Loeb-Backed SentinelOne Raises Over $1 Billion in Upsized U.S. IPO (Reuters)
(Reuters) – SentinelOne Inc, a cybersecurity firm backed by billionaire investor Daniel Loeb’s hedge fund Third Point, raised about $1.23 billion through an upsized U.S. initial public offering on Wednesday, giving it a valuation of roughly $8.87 billion. The company sold 35 million shares priced at $35 per share. It had earlier planned to sell 32 million shares priced between $31 and $32 per share.
Why This Former Kingsford Analyst Is Launching an Activist Short Fund, Short Selling Woes Be Damned (Institutional Investor)
The myriad problems surrounding short sellers – including a surprising rise in the number of lawsuits against them – aren’t dissuading one young upstart from getting into the business. Chris Drose, a former analyst at short-biased hedge fund Kingsford Capital, is launching a new activist short fund called Bleecker Street Capital this summer, he said in an interview with Institutional Investor.
Tuesday 6/29 Insider Buying Report: NWFL, LMST (Nasdaq.com)
At Norwood Financial, a filing with the SEC revealed that on Friday, Director Alexandra K. Nolan purchased 50,000 shares of NWFL, for a cost of $25.17 each, for a total investment of $1.26M. So far Nolan is in the green, up about 0.8% on their purchase based on today’s trading high of $25.37. Norwood Financial is trading off about 0.6% on the day Tuesday. Before this latest buy, Nolan purchased NWFL on 4 other occasions during the past twelve months, for a total investment of $516,968 at an average of $25.84 per share. And also on Friday, Director Kevin James Kooman purchased $121,968 worth of Limestone Bancorp, purchasing 7,392 shares at a cost of $16.50 each. This purchase marks the first one filed by Kooman in the past twelve months. Limestone Bancorp is trading up about 0.1% on the day Tuesday. So far Kooman is in the green, up about 0.7% on their purchase based on today’s trading high of $16.61.
The Executive Vice-President of Gold Fields (Other OTC: GFIOF) is Selling Shares (Analyst Ratings)
Today, the Executive Vice-President of Gold Fields (GFIOF), Brett Mattison, sold shares of GFIOF for $6.52M. In addition to Brett Mattison, 2 other GFIOF executives reported Sell trades in the last month. Following Brett Mattison’s last GFIOF Sell transaction on February 24, 2021, the stock climbed by 1.1%.
Dell Technologies Inc (DELL) CEO Michael S Dell Sold $234.6 million of Shares (Guru Focus)
CEO of Dell Technologies Inc, Michael S Dell, sold 2,353,845 shares of DELL on 06/28/2021 at an average price of $99.66 a share. The total sale was $234.6 million.
