SEC Freezes Crypto Hedge Fund Assets (Investopedia)
The Securities and Exchange Commission (SEC) has charged New York-based crypto hedge fund Virgil Capital with securities fraud and frozen its assets. The agency’s complaint stated that the fund’s founder, 23-year-old Stefan Qin, with engaging “in a deceptive course of conduct, using materially false and misleading statements to investors and others” and causing harm to two crypto funds – the Sigma fund and the VQR fund – marketed by his company.
Hedge Fund Launches Rise as Industry Positions for Growth in 2021 (Hedge Week)
New hedge fund launches increased to the highest level in five quarters in Q3 2020 on optimism in the US economy, as managers and investors positioned for acceleration of performance gains and capital growth into 2021, according to the latest HFR Market Microstructure Report, released today by HFR. New hedge fund launches increased to an estimated 151 in Q3 2020, the highest quarterly launch total since 2Q19 and exceeded the estimated quarterly liquidations for the first time since 2Q18. Launches in the most recent quarter exceeded the 2Q estimate of 129 new funds, bringing the YTD 2020 launches to 364 through Q3, a period which included a record low number of fund launches in 1Q as the global pandemic began.
Thursday 12/31 Insider Buying Report: CLR (Nasdaq.com)
At Continental Resources, there was insider buying on Monday, by Director Timothy Garth Taylor who purchased 5,917 shares for a cost of $17.00 each, for a trade totaling $100,603. Before this latest buy, Taylor purchased CLR at 2 other times during the past twelve months, for a total investment of $200,876 at an average of $9.73 per share. Continental Resources is trading down about 1.2% on the day Thursday. Bargain hunters have the opportunity to pick up CLR at a price even lower than Taylor did, with the stock changing hands as low as $16.57 in trading on Thursday — that’s 2.5% under Taylor’s purchase price.
Square Inc (SQ) President, CEO & Chairman Jack Dorsey Sold $22.7 million of Shares (Guru Focus)
President, CEO & Chairman of Square Inc, Jack Dorsey, sold 100,000 shares of SQ on 12/28/2020 at an average price of $227.43 a share. The total sale was $22.7 million. Square Inc is a software company offering solutions ranging from payments and point-of-sale services to financial and marketing services. It offers a free software app with its hardware to turn mobile devices into powerful POS solutions in minutes.
The Executive Vice-President of Repare Therapeutics (NASDAQ: RPTX) is Selling Shares (Analyst Ratings)
Today, the Executive Vice-President of Repare Therapeutics (RPTX), Michael Zinda, sold shares of RPTX for $512.2K. In addition to Michael Zinda, 7 other RPTX executives reported Sell trades in the last month. Over the last month, Michael Zinda has reported another 3 Sell trades on RPTX for a total of $1.17M.
Bandwidth Inc (BAND) Chairman & CEO David A. Morken Sold $14.6 million of Shares (Guru Focus)
Chairman & CEO of Bandwidth Inc, David A. Morken, sold 90,270 shares of BAND on 12/29/2020 at an average price of $162.06 a share. The total sale was $14.6 million. Bandwidth Inc provides a cloud-based communications platform for enterprises in the United States. It offers solutions including software application programming interfaces for voice and text functionality.
