Hedge Fund Liquidations Fall to Historic Low (Hedge Week)
New hedge fund liquidations fell to a record low in Q3 as total industry capital surpassed the historic USD4 trillion milestone to begin Q4 2021, according to the latest HFR Market Microstructure Report by HFR. Hedge fund liquidations fell to only 102, the lowest total since Q2 2006, as investors maintained or increased positions in existing hedge funds, driven by the uncertain macroeconomic environment including rising inflation, increased government spending, tapering of Federal Reserve bond purchases and the impact of Omicron coronavirus variant.
It’s One Deal for Elliott, Another Deal for the Rest (Bloomberg)
At holiday time, try not to compare your presents to those of your peers — especially if they include Elliott Management Corp. The activist hedge fund has gotten itself a special deal in return for sanctioning Rocket Internet SE’s plan to exit the stock market. The German tech incubator’s other minority investors don’t do quite so well. It’s a festive reminder that M&A doesn’t always abide by the principle that shareholders should be treated equally.
Tiger Global Leads VC Charge (Institutional Investor)
More than a dozen firms known for their hedge funds made a record number of private investments in 2021. Call it VC mania. Global funding of startups and more seasoned private companies will easily set a record this year. And firms best known for their hedge funds are among the busiest participants.More than a dozen of these firms made more private investments in 2021 than any year in their history…
Wednesday 12/22 Insider Buying Report: CCB, FMNB (Nasdaq.com)
On Friday, Coastal Financial’s Director, Thomas D. Lane, made a $299,984 purchase of CCB, buying 7,407 shares at a cost of $40.50 each. Lane was up about 28.7% on the buy at the high point of today’s trading session, with CCB trading as high as $52.11 in trading on Wednesday. Coastal Financial is trading up about 1.6% on the day Wednesday. This buy marks the first one filed by Lane in the past year. And at Farmers National Banc, there was insider buying on Monday, by Director Edward Muransky who purchased 15,209 shares at a cost of $17.72 each, for a trade totaling $269,556. Before this latest buy, Muransky bought FMNB at 10 other times during the past twelve months, for a total investment of $639,941 at an average of $15.78 per share. Farmers National Banc is trading down about 0.6% on the day Wednesday. Muransky was up about 2.4% on the buy at the high point of today’s trading session, with FMNB trading as high as $18.14 in trading on Wednesday.
What Did This CEO Just Do with Personal Shares of Agilent (NYSE: A)? (Analyst Ratings)
Yesterday, the CEO & President of Agilent (A), Michael R. McMullen, sold shares of A for $18.37M. Following Michael R. McMullen’s last A Sell transaction on October 30, 2020, the stock climbed by 48.9%. In addition to Michael R. McMullen, 2 other A executives reported Sell trades in the last month. Based on Agilent’s latest earnings report for the quarter ending October 31, the company posted quarterly revenue of $1.66 billion and quarterly net profit of $442 million.
Tesla Inc (TSLA) CEO Elon Musk Sold $528 million of Shares (Guru Focus)
CEO of Tesla Inc, Elon Musk, sold 583,611 shares of TSLA on 12/21/2021 at an average price of $904.74 a share. The total sale was $528 million.
