Hedge Funds Secured Their Comeback With Another Year Of Robust Inflows (Forbes)
It looked like hedge funds were making a comeback following the sharp drawdown in the markets in March 2020, and now, another year later, signs point to that comeback being secure. In 2021, hedge funds reporting to Citco recorded another robust year for returns and inflows, racking up more than twice the inflows recorded in 2020.
What’s Next for Russia – Focused Hedge Funds? (Institutional Investor)
As the Russia-Ukraine conflict continues to rage, the few remaining Russia-focused funds currently find themselves in limbo. But one manager is optimistic about future prospects. Russia’s devastating and destructive invasion of Ukraine has not only horrified most of the world, it’s also upended the handful of Russian-focused hedge funds that have all but halted operations since the Russian Stock Exchange shut down on February 25.
Hedge Fund Point72 is Hiring for 200 Roles Right Now, with Salaries Up to $300,000. Here’s How Much You can Expect to Earn as a Data Analyst, Software Developer, and More. (Business Insider)
Point72, the American asset management firm led by billionaire Steven A. Cohen, is evolving — and hiring. With over $24.2 billion under management, the 1,800-person hedge fund is revamping the tech that helps inform its investment decisions. By 2024, the company is slated to become a cloud-first firm, Mark Brubaker, Point72 chief technology officer, previously told Insider.
Buffett Makes Big Bet On American Oil As Hedge Funds Liquidate Positions (OilPrice.com)
Berkshire Hathaway disclosed that it raised its stake in Occidental Petroleum to 14.6% with purchases of 18.1 million more shares this week. Occidental surged this month after Berkshire’s earlier investment and as the war in Ukraine drove oil prices higher. Occidental hiked dividend 1,200% in February.
Thursday 3/17 Insider Buying Report: NOTV, DM (Nasdaq.com)
On Tuesday, Inotiv’s Chief Operating Officer, RMS, James Harkness, made a $765,637 buy of NOTV, purchasing 38,968 shares at a cost of $19.65 each. Harkness was up about 16.9% on the buy at the high point of today’s trading session, with NOTV trading as high as $22.97 in trading on Thursday. Inotiv is trading up about 0.6% on the day Thursday. And on Wednesday, Chief Executive Officer Ric Fulop bought $525,231 worth of Desktop Metal, buying 128,850 shares at a cost of $4.08 each. This buy marks the first one filed by Fulop in the past year. Desktop Metal is trading up about 4.1% on the day Thursday. So far Fulop is in the green, up about 13.3% on their buy based on today’s trading high of $4.62.
Moderna CEO Stephane Bancel has Sold More Than $400 Million of Company Stock During the Pandemic (CNBC)
Moderna CEO Stephane Bancel has sold $408 million in company stock since the beginning of the coronavirus pandemic – averaging roughly $3.6 million a week – as the company’s stock soared on the development and rollout of its Covid vaccine, according to CNBC’s analysis of the company’s securities filings.
