Another Hedge Fund Veteran Is Quitting a Brutal Market (Bloomberg)
(Bloomberg) — Philippe Jabre is returning money to investors after an “especially challenging” year, adding to the swelling list of hedge-fund veterans giving up on an industry where money-making opportunities have dwindled. Geneva-based Jabre Capital Partners SA is returning client money in the three funds personally managed by Jabre, said Mark Cecil, one of the firm’s founding partners. The remaining two funds, one focused on emerging markets and the other on European credit, will keep operating with outside money, he said.
British Hedge Fund Boss Takes on Trump’s Indian Property Partners (Yahoo UK)
One of Britain’s most prominent hedge fund bosses is taking on an Indian property company that has partnered with US President Donald Trump on building projects. TCI head Sir Christopher Hohn and a group of around 400 other investors have demanded that the management team step down at property developer Ireo. It has been alleged that the team stole assets from the company,based in the tech hub of Gurgaon near Delhi, the Financial Times reports.
Image By Monkey Business – Adobe Stock
Juul’s Soaring Valuation Is a Boon for Hedge Funds (The Wall Street Journal)
Several large investment firms are sitting on windfalls from e-cigarette maker Juul Labs Inc.—and plan to continue backing the controversial startup despite the risk of increased regulation. Tiger Global Management LLC, Darsana Capital Partners LP, D1 Capital Partners LP, Marianas Fund Management LLC and Coatue Management LLC have invested in Juul at various points over the last two years, according to people familiar with the firms. Juul has rapidly appreciated in value, rising to a roughly $16 billion valuation last summer.
Warren Buffett, IBM and Other Hedge Funds (GuruFocus.com)
Earlier this year I wrote on Warren Buffett (Trades, Portfolio)’s IBM (NYSE:IBM) expedition. I set out to try to figure out how much the Oracle of Omaha had lost on his holding in Big Blue from when he first acquired the position in 2011 to when he finally disposed of the last of his holding in 2017. As the only information available to me was 13F filings, it was always going to be challenging to try to compute an exact profit or loss figure. How much did Buffett lose? However, a careful analysis of the figures shows that Buffett disposed of his position at a price of between $174 and $153 per shares in 2017. The lowest the stock traded in the year was $140 with an average price of $153.
A Surge in Shutdowns, Lagging Performance, and Slashed Fees: Hedge Funds Have Had a Brutal 6 Months (Business Insider)
The recent market volatility that has been top-of-mind for retail investors, politicians and Wall Street mainstays hit hedge funds hard, according to a new report from Hedge Fund Research. “Financial market volatility accelerated through the third quarter and into year-end on ongoing trade and tariff negotiations, contributing to decreased investor risk tolerance and an increase in fund liquidations,” said Kenneth Heinz, president of HFR. Hedge funds, on aggregate, were down 3.1% in October and are down 2% through the first 11 months of the year. Prominent investors like John Paulson, Jason Karp, Dmitry Balyasny, and Dan Och have all returned money to investors after shuttering funds this year.
Insider Selling: Vector Group Ltd (NYSE:VGR) Major Shareholder Sells 145,609 Shares of Stock (FairFieldCurrent.com)
Vector Group Ltd (NYSE:VGR) major shareholder Phillip Md Et Al Frost sold 145,609 shares of the business’s stock in a transaction that occurred on Monday, November 19th. The stock was sold at an average price of $14.19, for a total value of $2,066,191.71. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Major shareholders that own 10% or more of a company’s shares are required to disclose their sales and purchases with the SEC.
Insider Buying: Exterran Corp (EXTN) Major Shareholder Purchases 124,904 Shares of Stock (MareaInformativa.com)
Exterran Corp (NYSE:EXTN) major shareholder Chai Trust Co Llc bought 124,904 shares of the business’s stock in a transaction that occurred on Tuesday, November 27th. The stock was purchased at an average price of $22.28 per share, with a total value of $2,782,861.12. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Major shareholders that own at least 10% of a company’s stock are required to disclose their transactions with the SEC.
Insider Buying: RiceBran Technologies (RIBT) Major Shareholder Acquires $684,842.31 in Stock (PressOracle.com)
RiceBran Technologies (NASDAQ:RIBT) major shareholder Grain Co Continental acquired 206,901 shares of the stock in a transaction dated Friday, December 7th. The stock was bought at an average cost of $3.31 per share, with a total value of $684,842.31. Following the completion of the purchase, the insider now owns 5,406,134 shares of the company’s stock, valued at $17,894,303.54. The purchase was disclosed in a document filed with the SEC.
Insider Selling: CarGurus Inc (NASDAQ:CARG) Director Sells 90,000 Shares of Stock (MareaInformativa.com)
CarGurus Inc (NASDAQ:CARG) Director Stephen Kaufer sold 90,000 shares of the business’s stock in a transaction dated Wednesday, November 28th. The stock was sold at an average price of $39.29, for a total value of $3,536,100.00. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website.
Insider Buying: Sportsman’s Warehouse Holdings Inc (SPWH) Director Acquires 20,000 Shares of Stock (XNewsPress.com)
Sportsman’s Warehouse Holdings Inc (NASDAQ:SPWH) Director Richard D. Mcbee bought 20,000 shares of Sportsman’s Warehouse stock in a transaction on Monday, December 3rd. The shares were purchased at an average cost of $4.52 per share, for a total transaction of $90,400.00. Following the acquisition, the director now owns 27,610 shares in the company, valued at $124,797.20. The purchase was disclosed in a filing with the SEC, which is available at the SEC website.
Insider Buying: Williams Industrial Services Group Inc (WLMS) Director Acquires $78,400.00 in Stock (PressOracle.com)
Williams Industrial Services Group Inc (OTCMKTS:WLMS) Director Robert B. Mills acquired 35,000 shares of the stock in a transaction that occurred on Thursday, December 6th. The shares were bought at an average price of $2.24 per share, for a total transaction of $78,400.00. The acquisition was disclosed in a document filed with the SEC.
