US Billionaire Takes Stake in Watch Company (HenleyStandard.co.uk)
AN American billionaire has taken a minority stake in Henley luxury watchmaker Bremont. Bill Ackman, a Wall Street hedge fund manager, has invested £48 million in the company alongside its long-standing investor Hellcat. Bremont says the move will help it bring large-scale watchmaking back to the UK. Ackman, 56, said he had long admired the company and last summer sent a note to brothers Nick and Giles English, who founded Bremont in 2002.
Now a Barclays MD Quit for Millennium Before Bonuses (eFinancialCareers.com)
Millennium, the hedge fund founded by Israel Englander, is still poaching bank MDs – and not just JPMorgan ones – before bonus are paid. Cagdas Aksu joined Millennium this month after over 18 years at Barclays. He was most recently an MD and head of Barclays’ head of European Rates Strategy. He is based in London. Millennium declined to comment on Aksu’s arrival. However, it’s thought that he’s joining an investment pod rather than the central strategy team that hired JPMorgan MD Jack Yang earlier this month.
Elliott Takes Massive Salesforce Stake: Hedge Funds and C-Suites Weekly (Investing.com)
Salesforce shares climbed on news that activist hedge fund Elliott Management bought a stake in the company. And here is your full weekly roundup of the biggest news out of hedge funds and company top brass, all first covered on InvestingPro. Elliott Management takes a multibillion-dollar stake in Salesforce: The news of Elliott’s new Salesforce (NYSE:CRM) stake follows the company’s recent 10% workforce reduction plan announced on January 4, part of a restructuring effort to lower operating costs and improve margins. The plan also involves reducing office space in selected markets.
Monday 1/30 Insider Buying Report: BANC, SHW (Nasdaq.com)
On Wednesday, Banc Of California’s , James Andrew Barker, made a $800,830 purchase of BANC, buying 48,435 shares at a cost of $16.53 each. So far Barker is in the green, up about 4.2% on their buy based on today’s trading high of $17.23. Banc Of California is trading off about 0.3% on the day Monday. Before this latest buy, Barker made one other buy in the past year, purchasing $249,187 shares for a cost of $19.32 a piece. And on Friday, CEO John G. Morikis purchased $500,327 worth of Sherwin-Williams, purchasing 2,207 shares at a cost of $226.70 a piece. Before this latest buy, Morikis made one other buy in the past twelve months, purchasing $519,100 shares for a cost of $259.55 a piece. Sherwin-Williams is trading up about 1.1% on the day Monday. So far Morikis is in the green, up about 2.4% on their purchase based on today’s trading high of $232.08.
Alphabet, Micron Technology And 2 Other Stocks Insiders Are Selling (Benzinga)
Alphabet: The Trade: Alphabet Inc. (GOOG) President, Global Affairs, CLO J. Kent Walker sold a total of 11,313 shares at an average price of $100.00. The insider received around $1.13 million from selling those shares. Ralph Lauren: The Trade: Ralph Lauren Corporation (RL) President and CEO Patrice Louvet sold a total of 18,500 shares at an average price of $125.00. The insider received around $2.31 million as a result of the transaction.
