Tudor Jones Wants to Change Capitalism with His Social Impact ETF Before We Become ‘Havana’ (CNBC)
Paul Tudor Jones said Monday that a new exchange-traded fund using JUST Capital’s Ranking of companies doing right by the American people is tracking the performance of the S&P 500 since its launch in June. Tudor Jones said in an interview with CNBC’s Andrew Ross Sorkin that the Goldman Sachs JUST fund is down about 5 percent since it launched in June. FactSet data show the S&P 500 down 5.1 percent since June 13, while the JUST fund is down 5.6 percent.
A $9 Billion Hedge Fund Manager Gives His Best Career Advice to Wall Street Hopefuls. Here’s The One Thing He Wishes He’d Done Differently. (Business Insider)
David Abrams, who has worked on Wall Street for over 20 years, manages nearly $9 billion at his Boston-based hedge fund, Abrams Capital. He rarely makes public appearances, with hedge funders describing him as a “unicorn” who is often talked about but never seen. He gave a rare address Friday at a conference in New York for Project Punch Card, a charity aspiring to improve access to investing and finance jobs for underrepresented people.
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Siris, Elliott to Take Travelport Private for $4.4 Billion (Reuters)
(Reuters) – Travelport Worldwide Ltd (TVPT.N) said on Monday buyout firms Siris Capital Group and Elliott Management will take it private for $4.4 billion, marking an end to an eight-month effort by Elliott to buy the travel software company. Elliott, which has a 12 percent stake in Travelport, pushed the company to explore a sale earlier this year and had arranged for debt financing for a possible deal. New York-based Elliott, which has assets of more than $33 billion, is the biggest hedge fund with a dedicated team chasing buyouts. Elliott partner Jesse Cohn leads the buyout efforts for the company.
Yelp Shareholder SQN Seeks Board Overhaul (Reuters)
Dec 10 (Reuters) – SQN Investors LP, one of Yelp Inc’s top five shareholders, blamed the consumer review service company’s board for its underperformance on Monday and called for new independent directors to be appointed. SQN, which now owns more than a 4 percent stake in Yelp according to a letter it released, said that the board has failed to hold itself and the management accountable for Yelp’s “repeated strategic and operational missteps.”
Insider Buying: Front Yard Residential Corp (RESI) Major Shareholder Acquires $2,275,000.00 in Stock (PressOracle.com)
Front Yard Residential Corp (NYSE:RESI) major shareholder Deer Park Road Management Comp bought 250,000 shares of Front Yard Residential stock in a transaction on Tuesday, December 4th. The stock was acquired at an average price of $9.10 per share, with a total value of $2,275,000.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission.
Insider Selling: HMS Holdings Corp (HMSY) EVP Sells $3,893,432.08 in Stock (FairFieldCurrent.com)
HMS Holdings Corp (NASDAQ:HMSY) EVP Cynthia Nustad sold 112,397 shares of the stock in a transaction dated Friday, November 30th. The stock was sold at an average price of $34.64, for a total transaction of $3,893,432.08. Following the transaction, the executive vice president now directly owns 119,273 shares in the company, valued at approximately $4,131,616.72. The transaction was disclosed in a filing with the SEC.
Insider Buying: Zillow Group Inc (NASDAQ:Z) Director Acquires 358,173 Shares of Stock (MareaInformativa.com)
Zillow Group Inc (NASDAQ:Z) Director Jay C. Hoag purchased 358,173 shares of Zillow Group stock in a transaction dated Wednesday, November 28th. The shares were purchased at an average price of $34.15 per share, for a total transaction of $12,231,607.95. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.
Insider Buying: Landmark Infrastructure Partners LP Unit (LMRK) Director Buys $442,314.25 in Stock (WeekHerald.com)
Landmark Infrastructure Partners LP Unit (NASDAQ:LMRK) Director Landmark Dividend Llc acquired 32,075 shares of the company’s stock in a transaction that occurred on Thursday, December 6th. The shares were acquired at an average cost of $13.79 per share, for a total transaction of $442,314.25. The purchase was disclosed in a legal filing with the SEC, which is available through the SEC website.
Insider Buying: Apollo Global Management LLC (APO) Major Shareholder Buys $3,594,693.00 in Stock (MaconDaily.com)
Apollo Global Management LLC (NYSE:APO) major shareholder Tiger Global Management Llc bought 135,700 shares of Apollo Global Management stock in a transaction that occurred on Thursday, December 6th. The shares were acquired at an average price of $26.49 per share, with a total value of $3,594,693.00. The purchase was disclosed in a legal filing with the SEC.
