Hamilton Lane Racks Up $850m for the Sustainable Investment Platform (Opalesque.com)
Alternative investment management firm Hamilton Lane has raised more than $850 million across its sustainable investment platform. The private markets investment management firm said in a press release that the fundraise includes the final closing of its social and environmental impact-focused fund, Hamilton Lane Impact Fund II at $370 million, as well as more than $500 million of sustainable-focused investment capital within separate accounts. Hamilton Lane Impact Fund II is more than 3.75 times larger than its predecessor fund. According to the release, Fund II is a closed-end investment vehicle that aims to generate attractive private equity returns alongside positive social and environmental impact.
Hedge Funds Brace for Hike Cycle End, Turn Bullish SOFR Futures (Bloomberg)
Hedge funds are going long on short-term interest-rate futures tied to the Secured Overnight Financing Rate. The shift comes as investors prepare for the end of the Federal Reserve’s series of interest-rate increases and shrug off central bank hawks who say more tightening is needed. Funds flipped long on SOFR futures contracts for the first time in over a month last week, Commodity Futures Trading Commission data show.
TradFi Hedge Fund Hunting Hill Starts Crypto Arm (CoinDesk)
Hunting Hill Global Capital, a New York-based traditional finance hedge fund with $364 million in assets under management as of a March filing, announced on Wednesday that it will starts its digital asset affiliate, Hunting Hill Digital (HHD), which is backed by an undisclosed investment from early-stage venture capital firm BaseLayer Ventures. Hunting Hill Digital’s first product will come later this year with the launch of the Crypto 25 Fund with an initial $20 million to $25 million in assets under management, according to a source familiar with the matter.
Tuesday 5/23 Insider Buying Report: CNO, KDP (Nasdaq.com)
At CNO Financial Group, a filing with the SEC revealed that on Thursday, Director Steven E. Shebik bought 12,500 shares of CNO, for a cost of $21.91 each, for a total investment of $273,821. So far Shebik is in the green, up about 3.4% on their purchase based on today’s trading high of $22.64. CNO Financial Group is trading up about 1.1% on the day Tuesday. And on Friday, Director Robert S. Singer bought $270,980 worth of Keurig Dr Pepper, buying 8,500 shares at a cost of $31.88 a piece. Before this latest buy, Singer purchased KDP at 2 other times during the past year, for a total cost of $51,825 at an average of $34.55 per share. Keurig Dr Pepper is trading up about 0.4% on the day Tuesday.
$4.7M Bet On This Tech Stock? Check Out These 4 Stocks Insiders Are Buying (Benzinga)
Gen Digital: The Trade: Gen Digital Inc. (GEN) President Ondrej Vlcek acquired a total 300,000 shares an average price of $15.79. To acquire these shares, it cost around $4.74 million. Bread Financial Holdings: The Trade: Bread Financial Holdings, Inc. (BFH) 10% owner Turtle Creek Asset Management Inc acquired a total of 112,944 shares at an average price of 29.70. To acquire these shares, it cost around $3.35 million.
