Prescient Fund Services’ AIFM AUM Surpasses EUR1bn (Privateequitywire.co.uk)
Platform and fund administration services provider Prescient Fund Services’ Alternative Investment Fund Manager assets under management surpassed EUR 1 billion in the third quarter of 2020. Prescient operates an Irish-regulated third-party Super ManCo with both UCITS Management Company and Alternative Investment Fund Manager (AIFM) permissions, as well as being a Fund Administrator. The funds, that are regulated under the European Union’s Alternative Investment Fund Managers Directive (AIFMD), sit across two of Prescient’s fund platforms: Prescient Global Qualified Investor Fund ICAV and Prescient Common Contractual Fund (a tax transparent umbrella structure designed for pension funds and other tax-exempt institutional investors).
Intuitive Surgical Inc (ISRG) Executive VP & CFO Marshall Mohr Sold $4.3 million of Shares (Guru Focus)
Executive VP & CFO of Intuitive Surgical Inc, Marshall Mohr, sold 6,000 shares of ISRG on 10/26/2020 at an average price of $715.28 a share. The total sale was $4.3 million. Intuitive Surgical Inc designs, manufactures, markets da Vinci Surgical Systems, and related instruments. The da Vinci surgery, combines the benefits of minimally invasive surgery for patients with the ease of use, precision and dexterity of open surgery.
What Did This CEO Just Do with Personal Shares of Shake Shack (NYSE: SHAK)? (Analyst Ratings)
Yesterday, the CEO of Shake Shack (SHAK), Randall Garutti, sold shares of SHAK for $1.02M. Following Randall Garutti’s last SHAK Sell transaction on October 19, 2020, the stock climbed by 0.7%. The company has a one-year high of $85.43 and a one-year low of $30.01. Currently, Shake Shack has an average volume of 720.23K. Based on 11 analyst ratings, the analyst consensus is Moderate Buy with an average price target of $66.09, reflecting a 7.8% upside.
CFTC Sanctions Trader for Insider Trading by “Misappropriating” Employer’s Trade Data and Analysis (Lexology.com)
Although insider trading cases typically arise in the equities markets, managers should be reminded that the Commodity Futures Trading Commission has asserted its authority to bring such actions in the commodity interest space as well. In recent years, the CFTC has shown a particular interest in pursuing such actions under a “misappropriation” theory – i.e., where an individual has used proprietary information of an employer to advantage his or her personal trading, breaching confidentiality and duty-of-loyalty obligations through the use of material, non-public information. As part of this trend, on Sept. 30, 2020, the CFTC settled charges[1] against Marcus Schultz, a former natural gas futures trader who, over a period of approximately three years, provided a broker with unauthorized disclosures of proprietary information about his employer’s planned trading and private market analysis.
Dell Technologies Inc (DELL) COO & Vice Chairman Jeffrey W Clarke Sold $9 million of Shares (Guru Focus)
COO & Vice Chairman of Dell Technologies Inc, Jeffrey W Clarke, sold 133,418 shares of DELL on 10/26/2020 at an average price of $67.73 a share. The total sale was $9 million. Dell Technologies Inc has a market cap of $47.47 billion; its shares were traded at around $63.57 with a P/E ratio of 23.03 and P/S ratio of 0.53.
