A Billionaire Investment Chief at the World’s Biggest Hedge Fund Lays Out 3 Reasons Why Near-Zero Interest Rates have Created a ‘Problematic Scenario’ for Portfolios (Business Insider)
Bob Prince told Bloomberg on Friday that low interest rates in the western world have created a “very problematic scenario for any traditional investment strategy.” The Bridgewater Associates CO-CIO laid out three of the largest impacts near-zero interest rates have on the equity market and a traditional investment portfolio. Prince first detailed that near-zero interest rates have “taken the floor away on an equity decline.” In a poor economy, company earnings can tank and cause a decline in share prices. If bond yields are also down, this lowers the discount rate. “If you can’t lower the discount rate on those earnings the downside is bigger,” he said.
Four Consecutive Months of Gains (Hedge Nordic)
Stockholm (HedgeNordic) – Nordic equity hedge funds gained an average of 1.7 percent in July (95 percent reported), the fourth consecutive month of positive returns, to push the year-to-date gain to about two percent. Four in every five equity funds from the Nordic Hedge Index posted gains for July, with half of the 56 Nordic equity hedge funds now in positive territory for the year. Global equity markets fell by 0.3 percent in Euro terms last month. The advance of the Euro against the U.S. dollar during the month reduced the strong return of U.S. equities for euro investors. North American equities were up 0.5 percent in Euro terms last month to trim the year-to-date decline to 2.3 percent.
A Hedge Fund Bets on a Biotech Startup to Bring New Drugs to China (BioPharmaDive.com)
A firm best known for investing in biotechs, not creating them, has seeded its first startup with plans to bring a slate of new medicines to China and other Asian countries. Perceptive Advisors, a hedge fund that spent years backing publicly traded companies, on Tuesday launched LianBio, which emerges with partial rights to multiple drugs for heart disease and cancer, including one close to a Food and Drug Administration review.
The EVP & President, Tools&Storage of Stanley Black & Decker (NYSE: SWK) is Selling Shares (Analyst Ratings)
Yesterday, the EVP & President, Tools&Storage of Stanley Black & Decker (SWK), Jaime Ramirez, sold shares of SWK for $3.52M. Following Jaime Ramirez’s last SWK Sell transaction on November 26, 2019, the stock climbed by 3.4%. In addition to Jaime Ramirez, 2 other SWK executives reported Sell trades in the last month.
Tuesday 8/11 Insider Buying Report: EXPE, SRE (Nasdaq.com)
At Expedia Group, a filing with the SEC revealed that on Friday, Director A. George Battle bought 12,300 shares of EXPE, for a cost of $81.38 each, for a total investment of $1.00M. So far Battle is in the green, up about 11.4% on their purchase based on today’s trading high of $90.69. Expedia Group is trading up about 3.9% on the day Tuesday. And at Sempra Energy, there was insider buying on Friday, by Director Andres Conesa who purchased 2,700 shares at a cost of $129.44 each, for a total investment of $349,488. Before this latest buy, Conesa made one other purchase in the past year, buying $294,520 shares for a cost of $147.26 each. Sempra Energy is trading up about 0.1% on the day Tuesday. So far Conesa is in the green, up about 4.3% on their buy based on today’s trading high of $134.98.
Blakeney LLP Sells UAC Shares Amid Fall in Price (InvestorsKing.com)
UAC of Nigeria Plc has disclosed that one of its substantial shareholders, Blakeney LLP, has sold part of its shares in the company. In a statement signed by Godwin A. Samuel, Company Secretary and Legal Adviser, UACN, Blakeney LLP sold 80,000,000 shares of UAC Nigeria on August 5th, 2020. According to the company, Blakeney sells a unit share at N5.75 at the Nigerian Stock Exchange trading floor in Lagos. It would be recalled that Investors King reported that Blakeney LLP sold 40 million shares at N7 per share on June 17, 2020.
The SVP Legal, Gen Counsel & Sec of Insperity (NYSE: NSP) is Selling Shares (Analyst Ratings)
Yesterday, the SVP Legal, Gen Counsel & Sec of Insperity (NSP), Daniel Herink, sold shares of NSP for $434.2K. In addition to Daniel Herink, 2 other NSP executives reported Sell trades in the last month. The company has a one-year high of $107.69 and a one-year low of $22.59. NSP’s market cap is $2.67 billion and the company has a P/E ratio of 17.20. The Company has a Price to Book ratio of 60.68.
