Hedge Fund and Insider Trading News: Ray Dalio, Bill Ackman, Sixteenth Street Capital, Alden Global Capital, Parvus Asset Management, Linamar Corporation (LIMAF), Boyd Gaming Corp (BYD), and More

Opalesque Roundup: Q1 2021 Generated a $150bn Increase in Global Hedge Fund AUM: Hedge Fund News, Week 21 (Opalesque)
In the week ending May 28th 2021, HFM reported that April gains fortify a strong six months for multi-strategy: The average multi-strategy hedge fund gained 1.3% in April as multi-discipline managers continued to build a strong six months following a challenging start to the pandemic period. HFM’s Multi-strategy Composite Index currently leads the global composite YTD (7.5% to 7.4%) and on a three-year annualised basis (8.6% to 8.2%) but trails over 12 months (24.6% to 25.9%). Investors allocated a further $10.93bn to the asset class, which, in tandem with the Preqin All-Strategies Hedge Fund benchmark return of +6.89%, generated a $150bn increase in AUM; a 3.8% increase since the end of 2020 overall

Notable Insider Buys Of The Last Week: Bumble, Coty, Peloton Interactive, More (Benzinga)
A 10% owner of crafting machine maker Cricut Inc (CRCT) indirectly bought 467,000 shares last week. At prices ranging from $27.40 to $31.88 per share, and that cost that owner more than $13.7 million. Note that the same owner purchased less than 17,000 shares in the previous week too. The purchase of over 200,700 more PennyMac Financial Services Inc (PFSI) shares by a director (and frequent buyer) for $61.22 to $63.10 per share totaled almost $12.53 million. The latest buys raised that director’s stake to more than 2.78 million shares. The director added nearly 221,000 shares in the prior week.

The Chairman & Founder of Linamar (Other OTC: LIMAF) is Selling Shares (Analyst Ratings)
Today, the Chairman & Founder of Linamar (LIMAF), Frank Hasenfratz, sold shares of LIMAF for $7.56M. Following Frank Hasenfratz’s last LIMAF Sell transaction on December 08, 2014, the stock climbed by 10.6%. This is Hasenfratz’s first Sell trade following 5 Buy transactions.

Insider Trading: May 31, 2021 (BIV.com)
Insider Wood Blake, 10% Owner. Company: RE Royalties Ltd. (TSX-V:RE). Shares owned: 1,231,438. Trade date: May 18. Trade total: $2,224,890. Trade: Sale of 2,472,100 shares at a price of $0.90 per share. Insider Eric S. Sprott, 10% owner. Company: New Found Gold Corp. (TSX-V:NFG). Shares owned: 27,001,200. Trade date: May 14, 17. Trade total: $1,734,000. Trade: Sale of 200,000 shares at prices from $8.60 to $8.74 per share.

Boyd Gaming Corp (BYD) President & CEO Keith Smith Sold $6.2 million of Shares (Guru Focus)
President & CEO of Boyd Gaming Corp, Keith Smith, sold 100,068 shares of BYD on 05/26/2021 at an average price of $61.49 a share. The total sale was $6.2 million.

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