Activist Investor Dan Loeb Builds Passive Stake in AMD (Reuters)
Billionaire investor Daniel Loeb on Thursday told investors in his hedge fund Third Point the firm has invested in chip designer Advanced Micro Devices (AMD.O), a source familiar with the matter said. Third Point, which occasionally pursues an activist strategy and pushes for changes at companies, is not planning to press for changes at AMD and the investment can be considered a passive stake, the person familiar with the fund said.
Crypto Hedge Fund Looks to Swiss Banks After Silvergate Exodus (Bloomberg)
A crypto fund manager overseeing $400 million is looking to Swiss banks to help plug the gap created by the unraveling of a key payments network operated by ailing US lender Silvergate Capital Corp. Digital Asset Capital Management used Silvergate’s round-the-clock, real-time network to move funds to and from Coinbase Global Inc.’s platform. But Coinbase, Crypto.com and Gemini are among the exchanges that will no longer accept or initiate payments through Silvergate.
From Hedge Fund Founder to CFO: Mint House’s Samantha Greenberg (CFO.com)
Few CFOs have the investor pedigree of Samantha Greenberg: early associate at private equity firm Francisco Partners; partner at Paulson & Co; portfolio manager at Citadel; and a vice president in the special situations group at Goldman Sachs. She also founded Margate Capital Management and grew it to the third-largest woman-run hedge fund. Over the years, Greenberg, especially when launching Margate and guiding it through SEC registration, developed a “career-abiding love for seeing businesses built and scaled,” and “being an operator as well as investor,” she said. The ability to actually drive value creation and affect outcomes is what made a CFO seat so attractive.
Friday 3/3 Insider Buying Report: GSHD, WSC (Nasdaq.com)
At Goosehead Insurance, a filing with the SEC revealed that on Wednesday, Director Thomas McConnon bought 5,788 shares of GSHD, for a cost of $47.45 each, for a total investment of $274,641. McConnon was up about 6.2% on the purchase at the high point of today’s trading session, with GSHD trading as high as $50.40 in trading on Friday. Goosehead Insurance is trading up about 1.9% on the day Friday. Before this latest buy, McConnon made one other purchase in the past year, buying $6.95M shares at a cost of $45.27 each. And on Monday, Director Erika T. Davis bought $149,418 worth of WillScot Mobile Mini Holdings, buying 2,950 shares at a cost of $50.65 each. WillScot Mobile Mini Holdings is trading down about 0.1% on the day Friday. Davis was up about 5.5% on the buy at the high point of today’s trading session, with WSC trading as high as $53.46 in trading on Friday.
$4M Bet On MDxHealth? Check Out These 4 Penny Stocks Insiders Are Buying (Benzinga)
MDxHealth: The Trade: MDxHealth SA (MDXH) 10% owner MVM Partners, LLC acquired a total of 1,000,000 shares at an average price of $4.00. The insider spent $4 million to buy those shares. Dakota Gold: The Trade: Dakota Gold Corp. (DC) Chief Operating Officer Gerald Michael Aberle acquired a total 10,615 shares at an average price of $2.85. The insider spent around $30.26 thousand to buy those shares.
