Odey in Talks With Landseer to Transfer Flagship Hedge Fund (Bloomberg)
Odey Asset Management is in advanced talks to move Freddie Neave — the portfolio manager of its flagship hedge fund — to Landseer Asset Management UK, as the firm reaches the final stages of a revamp following sexual assault allegations against its founder Crispin Odey. Under the proposal, Landseer will become the investment manager of a new fund carved out from the restructuring of Odey European Inc. and OEI Mac Inc., both currently managed by Neave, Odey said in a statement dated Aug. 11.
City Hedge Funds Short Property Developers as House Prices Fall (Financial News)
Marshall Wace has taken a short position against Barratt Developments while Caxton is betting against Hammerson. London-based hedge funds are betting against property developers after UK house prices fell for the fourth consecutive month in July. City hedge fund Marshall Wace has a 0.92% net short position on Barratt Developments, the £4.4bn FTSE-100 residential property developer based in Coalville, the latest disclosure to the UK’s Financial Conduct Authority shows.
Hedge Fund Veteran Mark Yusko Predicts Two Catalysts Will Drive Bitcoin Up 410% – Here’s His View (CryptoSaurus.tech)
Mark Yusko, founder of Morgan Creek Capital, names two catalysts that could propel the price of bitcoin (BTC) to new all-time highs. In a new interview with Kitko News, Yusko They say Bitcoin is likely to surge due to the possible approval of a spot-based bitcoin exchange-traded fund (ETF) following its upcoming halving event. “I think that halving, $100,000 would be a fair value. So the fair value would go from $55,000 today to halving by next April, May, call it June…let’s call it the middle of summer next year, $100,000 would be the fair value.
Hedge Funds Continue Summer Gains – HFR (WealthBriefingAsia.com)
A snapshot of performance across a range of strategies in the world’s multi-trillion hedge fund sector shows that July was a positive year overall, with areas such as tech and financials doing particularly well. Hedge funds extended their June performance surge through July, new industry figures show. Gains were led by the technology, artificial intelligence and growth equity categories.
Monday 8/14 Insider Buying Report: TDW, SMCI (Nasdaq.com)
On Thursday, Tidewater’s Director, Robert Robotti, made a $3.04M purchase of TDW, buying 48,200 shares at a cost of $63.00 each. Tidewater is trading off about 0.9% on the day Monday. Before this latest buy, Robotti purchased TDW on 5 other occasions during the past year, for a total cost of $19.54M at an average of $38.13 per share. And at Super Micro Computer, there was insider buying on Friday, by Director Shiu Leung Chan who bought 4,000 shares at a cost of $265.57 each, for a total investment of $1.06M. Before this latest buy, Chan bought SMCI at 7 other times during the past year, for a total cost of $2.09M at an average of $90.79 per share. Super Micro Computer is trading up about 1.2% on the day Monday. Investors are able to grab SMCI at a price even lower than Chan did, with the stock trading as low as $248.40 in trading on Monday — that’s 6.5% under Chan’s purchase price.
$18M Bet On This Healthcare Stock? Check Out These 4 Stocks Insiders Are Buying (Benzinga)
Vistagen Therapeutics: The Trade: Vistagen Therapeutics, Inc. (VTGN) 10% owner Commodore Capital LP acquired a total of 775,756 shares an average price of $23.15,. To acquire these shares, it cost around $17.96 million. CVB Financial: The Trade: CVB Financial Corp. (CVBF) Director George A. Borba Jr acquired a total of 257,704 shares at an average price of $19.37. To acquire these shares, it cost around $4.99 million.
