Oaktree Acquires Majority Stake in Private Credit Firm 17Capital (Opalesque)
Oaktree Capital Management, an American global asset management firm specializing in alternative investment strategies, acquired a majority stake in London-based private credit firm 17Capital. 17Capital specializes in providing non-dilutive capital to high-quality private equity management companies, funds, and institutional investors that are seeking to finance value creation and portfolio management initiatives. Oaktree, with $166 billion in assets under management, is a leader among global investment managers specializing in alternative investments, including credit, private equity, real assets, and listed equities.
Billionaire American Investor and Hedge Fund Manager Bill Ackman: Net Worth & Career (Publicist Library)
Activist investor William Albert Ackman (better known as Bill Ackman), a hedge fund manager, a film producer, an investor, and a philanthropist, is an American. At Pershing Square, he is most known as the CEO of Pershing Square Capital Management and for shorting MBIA bonds during the financial crisis of 2008. As of now, he has said that Pershing Square’s loss on Herbalife will be limited to 3 percent.
Ray Dalio Sued Over ‘Enormous Addition’ to SoHo Penthouse Rooftop (Bloomberg)
Bridgewater Associates founder Ray Dalio was accused of damaging his neighbor’s penthouse in the process of building an “enormous addition” to the rooftop of their SoHo building. Federico Pignatelli sued the billionaire hedge fund mogul in New York state court last week, claiming he was given no notice of Dalio’s plans to add a bulkhead and “huge terrace” with decking and trellis on the roof of 468 West Broadway.
Thursday 3/10 Insider Buying Report: VBTX, TBI (Nasdaq.com)
At Veritex Holdings, a filing with the SEC revealed that on Tuesday, Director Pat S. Bolin bought 13,158 shares of VBTX, at a cost of $38.00 each, for a total investment of $500,004. Veritex Holdings is trading up about 4.6% on the day Thursday. This purchase marks the first one filed by Bolin in the past twelve months. And at TrueBlue, there was insider buying on Tuesday, by CFO Derrek Lane Gafford who purchased 15,000 shares at a cost of $25.21 each, for a total investment of $378,150. This purchase marks the first one filed by Gafford in the past year. TrueBlue is trading up about 2% on the day Thursday. So far Gafford is in the green, up about 7.9% on their buy based on today’s trading high of $27.19.
Executives Sell Over $50M Of 5 Stocks (Benzinga)
Alphabet: The Trade: Alphabet Inc. (NASDAQ: GOOG) Director Sergey Brin disposed a total of around 8,510 shares at an average price of $2,553.36. The insider received around $21.73 million as a result of the transaction. Bunge: The Trade: Bunge Limited (NYSE: BG) Director Continental Grain Co sold a total of 90,000 shares at an average price of $109.56. The insider received around $9.86 million from selling those shares.
