Point72 Ventures Sees a Big Opportunity in Fintechs Serving Social-Media Influencers. An Exec Highlights Gaps in the Market. (Business Insider)
The numbers are impressive. $5,000 for one Instagram post. $8,900 for a single YouTube video. $13,644 in one month for affiliate marketing deals on TikTok. $20,703 from YouTube ads. $141,000 in one month for a YouTube channel. While celebrities have always been able to nab valuable sponsorship deals, everyday people are now also make significant money via social media.
Stagwell’s Mark Penn Calls Out Indaba Capital (Odwyerpr.com)
Stagwell CEO Mark Penn today filed a Securities and Exchange Commission 13 D/A document to dispute Indaba Capital Management‘s charge that he is dodging the hedge fund that objects to the terms of Stagwell’s merger with MDC Partners. Indaba managing partner Derek Schrier wrote a letter to Penn on June 28 that begins with, “The silence is deafening. You have declined to engage with us since March, when we told you Indaba could not support the merger based on the initial terms Stagwell proposed.” Penn denies any stonewalling, claiming that he expressed a willingness to speak with Indaba via an email sent June 17.
Eye-Popping Returns Lure Hedge Funds to Neglected Japanese Startups (The Japan Times)
Hedge funds and asset managers are increasingly turning to Japanese startups, attracted by some eye-popping past returns in the long-overlooked sector. Asian hedge fund firms including Pleiad Investment Advisors and global investment giants like T. Rowe Price Group Inc. and Baillie Gifford are providing late-stage growth capital to the nation’s most promising ventures, according to fund managers at the companies.
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Coeli Enjoys Atai Success (Hedge Nordic)
Stockholm (HedgeNordic) – Germany-based biotech Atai Life Sciences, backed by billionaire investor Peter Thiel, Mike Novogratz, Atai founder Christian Angermayer’s own family office and smaller investors such as Malmö-based money manager Mikael Petersson, went public last week on the NASDAQ. The psychedelics biotech start-up’s shares currently trade above $18 apiece, translating into a market capitalization of about $2.8 billion. In September 2018, the biotech start-up completed a Series A financing round of $24.4 million to make psychedelic drugs to treat mental health disorders. Long/short equity fund Coeli Absolute European Equity, founded and managed by Mikael Petersson out of Malmö, invested close to $1 million in the Series A round alongside a select group of investors that also featured well-known entrepreneur and venture capitalist Peter Thiel.
Man Group Selects Corfinancial’s Salerio to Migrate OASYS Trade Processing (Hedge Week)
Man Group has a selected Salerio, the post-execution trade processing solution from corfinancial, to assist in the migration from the OASYS US securities trade processing flows to the DTCC’s Institutional Trade Processing (ITP) CTM (Central Trade Manager) platform. Last year, DTCC announced that it would decommission OASYS on 31 October 2021. Man Group has been automating key post-trade processes, including trade confirmation and settlement for international securities, for many years using Salerio. It was, therefore, the natural solution to manage the migrating US trade confirmation workflow.
3 Stocks This Top Hedge Fund Manager Has Been Buying (The Motley Fool)
Leading hedge fund manager Ole Andreas Halvorsen of Viking Global Investors bought more stock in industrial companies Deere (NYSE:DE) and Fortive (NYSE:FTV) and elevator and escalator company Otis (NYSE:OTIS) earlier in the year, according to SEC filings. Halvorsen is a highly successful long/short stock picker and his firm currently manages $44 billion in assets, having notably managed a portfolio that finished flat in 2008, the same year that the S&P 500 index fell nearly 40%.
Real Estate in Asia-Pacific: Rethinking Commercial Spaces (Preqin)
The pandemic has forced fund managers to quickly come to terms with the changing needs of occupiers and rethink space utilization to stay ahead of secular trends like the persistence of work-from-home arrangements, the boom in e-commerce, and the decline of physical retail. The resulting changes in consumer behavior are opening new avenues for value creation and offer opportunities for GPs to stand out from peers, amid rising competition for capital and deals in Asia-Pacific. As the region finds its path out from under the economic weight of the pandemic, those with the capacity and expertise to proactively manage portfolio assets could be well positioned to outperform over the long term.
The Chairman of Solaris Resources (Other OTC: SLSSF) is Buying Shares (Analyst Ratings)
Today, the Chairman of Solaris Resources (SLSSF), Richard William Warke, bought shares of SLSSF for $2.83M. Following this transaction Richard William Warke’s holding in the company was increased by 1% to a total of $336 million. The company has a one-year high of $10.75 and a one-year low of $4.53. SLSSF’s market cap is $1.01 billion and the company has a P/E ratio of -24.70. The Company has a Price to Book ratio of 14.06.
Asana Inc (ASAN) President, CEO, & Chair Dustin A. Moskovitz Bought $19.7 million of Shares (Guru Focus)
President, CEO, & Chair of Asana Inc, Dustin A. Moskovitz, bought 320,000 shares of ASAN on 06/25/2021 at an average price of $61.51 a share. The total cost of this purchase was $19.7 million.
Prohibition of Insider Trading Norms: WHOPPING Rs 10 Crore REWARD! Sebi Increases Amount for Informants (MSN)
Markets watchdog Sebi on Tuesday decided to increase the reward amount for informants to a maximum of Rs 10 crore under the prohibition of insider trading regulations. The regulator’s board, which met on Tuesday, approved amendments to the Sebi (Prohibition of Insider Trading) Regulations, 2015. The changes are aimed at streamlining the process of reward payment and to enhance the quantum of reward under the informant mechanism.
Six Charged in Silicon Valley Insider Trading Ring (HedgeCo.net)
(HedgeCo.Net) The Securities and Exchange Commission has filed insider trading charges against a Silicon Valley trading ring, whose members generated nearly $1.7 million in profits and losses avoided by trading on the confidential earnings information of two local technology companies. According to the SEC’s complaint, Nathaniel Brown, who served as the revenue recognition manager for Infinera Corporation, repeatedly tipped Infinera’s unannounced quarterly earnings and financial performance to his best friend, Benjamin Wylam, from April 2016 until Brown left the company in November 2017. The SEC’s complaint alleges that Wylam, a high school teacher and bookmaker, traded on this information and also tipped Naveen Sood, who owed Wylam a six-figure gambling debt. Sood traded on this information and tipped his three friends, Marcus Bannon, Matthew Rauch, and Naresh Ramaiya, each of whom also illegally traded on the information.
Sebi Tightens Rules for AMCs, Makes REITs/InvITs Accessible for Retail Investors (LiveMint.com)
Mumbai: In a significant move, in order to ensure that India’s fund managers allocate retail investors’ money with more prudence, the Securities and Exchange Board of India, on Tuesday, tightened the norms for asset management companies or AMCs. Following a board meeting, Sebi has also reduced the investment ticket size in REITs, relaxed investment norms in alternative investment funds (AIFs) and tightened the directorship norms for listed companies to enhance corporate governance standards.
