From Trainee to Thriving Money Manager (Hedge Nordic)
Stockholm (HedgeNordic) – Started by a 23-year-old out of the region of Aalborg in Denmark, long/short equity fund Symmetry Invest reached its seventh anniversary on March 8. The fund founded and managed by Andreas Aaen had also just reached DKK 100 million in assets under management, a “milestone I could have only dreamed of when I started this investment fund as a part-time project seven years ago.” In early 2013, Aaen decided to start his own investment fund to build a “public” track record by managing his own money and capital from friends and family.
Hollywood Police Officers Puts $5 million in Hedge Fund (Pensions&Investments)
Hollywood (Fla.) Police Officers’ Retirement System invested $5 million in Blue Ocean Onshore Fund, a hedge fund that deploys debt capital to shipowners, managed by EnTrust Partners. The $347 million pension fund’s board also approved liquidating the $32 million fixed-income portion of a balanced portfolio managed by Inverness Counsel, confirmed John McCann, senior consultant at AndCo Consulting, the pension fund’s investment consultant. Part of the portfolio will be used to fund the hedge fund investment, while the rest will be reallocated to the fund’s other two fixed-income managers: $20 million to core manager Tocqueville Asset Management, giving it about $35 million, and $7 million to core manager Garcia Hamilton & Associates, giving it about $41 million.
Thursday 3/26 Insider Buying Report: HPP, GMS (Nasdaq.com)
At Hudson Pacific Properties, a filing with the SEC revealed that on Monday, Director Jonathan M. Glaser bought 75,500 shares of HPP, at a cost of $16.67 each, for a total investment of $1.26M. Glaser was up about 37.4% on the purchase at the high point of today’s trading session, with HPP trading as high as $22.90 at last check today. Hudson Pacific Properties is trading up about 2.7% on the day Thursday. Before this latest buy, Glaser purchased HPP on 3 other occasions during the past year, for a total investment of $365,920 at an average of $26.14 per share. And on Tuesday, Director Ronald R. Ross bought $1.21M worth of GMS, buying 108,602 shares at a cost of $11.17 each. This purchase marks the first one filed by Ross in the past year. GMS Inc is trading up about 8.8% on the day Thursday. So far Ross is in the green, up about 53.5% on their buy based on today’s trading high of $17.14.
A Director at Healthcare (NYSE: HTA) is Buying Shares (Analyst Ratings)
Today, a Director at Healthcare (HTA), Bradley Blair, bought shares of HTA for $42.76K. Following this transaction Bradley Blair’s holding in the company was increased by 200% to a total of $1.55 million. In addition to Bradley Blair, one other HTA executive reported Buy trades in the last month.
Are Insider Trading Laws Driven by Envy? (Fee.org)
Four US senators swear they didn’t use insider knowledge when they sold off stocks ahead of the coronavirus-induced record market crash. Americans are outraged, but what if so-called insider trading is a mere gimmick of the greater political establishment? This is the age of the outsider. In politics, we have President Trump and Rep. Alexandria Ocasio-Cortez. In the economy, we have Uber and Airbnb. More than ever, being an insider carries a negative connotation.
