Australian Private Capital Market Overview: A Preqin and Australian Investment Council Yearbook 2021 (Preqin)
The Australian private capital industry has grown to a record $77bn in total assets as of June 2020, up from $71bn at the end of 2019. Emerging from the depths of a very challenging year for the entire global economy, the Australian alternatives industry showed resilience amid the economic crisis brought on by the pandemic. Together with the Australian Investment Council, we look back at private capital in 2020 to pick apart the key attractions of a market working hard to carve a path toward long-term recovery and explore the ways industry stakeholders are adapting. We also examine the size, scale, and influence of Australian superannuation funds, which play a key role in accelerating the adoption of ESG criteria across every dimension of investment strategies.
Squarespace Inc (SQSP) CEO Anthony Casalena Sold $22 million of Shares (Guru Focus)
CEO of Squarespace Inc, Anthony Casalena, sold 430,102 shares of SQSP on 05/21/2021 at an average price of $51.07 a share. The total sale was $22 million.
Digital asset hedge Fund One River Files with SEC to Create a Carbon-Neutral Bitcoin ETF (TheBlockCrypto)
One River, the digital asset hedge fund backed by billionaire investor Alan Howard, has officially filed to create bitcoin exchange-traded fund that incorporates the purchase of carbon credits in an effort to make the product carbon-neutral. The firm’s plans for the One River Carbon Neutral Bitcoin Trust were made public in April when it partnered with carbon credit platform MOSS. Bloomberg reported on One River’s efforts earlier in April, with CEO Eric Peters telling the news outlet at the time that “There’s a lot of talk about the carbon footprint,” Peters said. “We decided it’s time to stop talking and start doing something about it.”
The Chief Legal Officer of Algonquin Power & Utilities (NYSE: AQN) is Selling Shares (Analyst Ratings)
Yesterday, the Chief Legal Officer of Algonquin Power & Utilities (AQN), Jennifer Sara Tindale, sold shares of AQN for $408.2K. Following Jennifer Sara Tindale’s last AQN Sell transaction on June 12, 2020, the stock climbed by 2.2%. Based on Algonquin Power & Utilities’ latest earnings report for the quarter ending March 31, the company posted quarterly revenue of $635 million and quarterly net profit of $13.95 million.
Monday 5/24 Insider Buying Report: OPEN, T (Nasdaq.com)
On Wednesday, Opendoor Technologies’ Director, Pueo Keffer, made a $998,480 purchase of OPEN, buying 67,700 shares at a cost of $14.75 a piece. Keffer was up about 5.4% on the purchase at the high point of today’s trading session, with OPEN trading as high as $15.55 in trading on Monday. Opendoor Technologies is trading off about 0.3% on the day Monday. This buy marks the first one filed by Keffer in the past twelve months. And at AT&T, there was insider buying on Wednesday, by CEO & President John T. Stankey who purchased 34,614 shares at a cost of $28.81 each, for a total investment of $997,227. AT&T is trading off about 0.4% on the day Monday. Stankey was up about 4.7% on the buy at the high point of today’s trading session, with T trading as high as $30.16 in trading on Monday.
Kodak Stock – New York’s Attorney General to Sue Kodak for Insider Trading (FinTechZoom.com)
The attorney general’s office of New York is preparing an insider-trading lawsuit against Eastman Kodak and its top executive which focuses on stock purchases that occurred before a deal with the Trump administration to finance a pharmaceutical venture during the Coronavirus pandemic. As reported by Reuters, the case focuses on Executive Chairman Jim Continenza’s purchase of approximately 47,000 Kodak shares on June 23, 2020 which occurred just weeks before the Trump administration unveiled a tentative agreement to lend the company $765 million to jump-start the production of pharmaceutical components needed to help fight the global coronavirus pandemic.
