An Almost Impossible Feat to Copy (Hedge Nordic)
Stockholm (HedgeNordic) – Fifteen years after its launch at the beginning of 2005, Danske Invest Hedge Fixed Income Strategies has become one the largest and best-performing hedge funds in the Nordics. “I still remember when we started with DKK 50 million back in 2005 and how we struggled to get inflows the first couple of years,” Michael Petry, who has been part of the fund’s journey from the start, tells HedgeNordic. Fast forward 15 years, Danske Bank Asset Management’s flagship hedge fund oversees DKK 8.0 billion or about €1.08 billion in assets under management, delivered an annualized return of 11.1 percent and enjoyed positive performance in 14 out of the past 15 years.
Thursday 7/2 Insider Buying Report: RAPT, AP (Nasdaq.com)
At RAPT Therapeutics, a filing with the SEC revealed that on Wednesday, Director Wendye Robbins bought 2,600 shares of RAPT, for a cost of $26.01 each, for a total investment of $67,632. So far Robbins is in the green, up about 14.7% on their purchase based on today’s trading high of $29.83. RAPT Therapeutics is trading up about 5% on the day Thursday. Before this latest buy, Robbins made one other purchase in the past twelve months, buying $19,200 shares for a cost of $12.00 each. And at Ampco-Pittsburgh, there was insider buying on Monday, by Director Carl H. Pforzheimer II who purchased 20,000 shares at a cost of $2.85 each, for a trade totaling $57,020. Ampco-Pittsburgh is trading up about 4.1% on the day Thursday.
Adobe Inc (ADBE) EVP, Chief Marketing Officer Ann Lewnes Sold $2.2 million of Shares (Guru Focus)
EVP, Chief Marketing Officer of Adobe Inc., Ann Lewnes, sold 5,000 shares of ADBE on 07/01/2020 at an average price of $436.08 a share. The total sale was $2.2 million. Adobe Systems Inc offers a line of software and services for content creation and the measurement of digital advertising and marketing. Its software applications includes Photoshop and Lightroom, Adobe Analytics, Media Optimizer and Campaign Manager.
The EVP & COO of Commercial Metals Company (NYSE: CMC) is Selling Shares (Analyst Ratings)
Yesterday, the EVP & COO of Commercial Metals Company (CMC), Tracy Porter, sold shares of CMC for $1.05M. Following Tracy Porter’s last CMC Sell transaction on April 21, 2016, the stock climbed by 4.0%.
SEBI Alleges Insider Trading By Divi’s Laboratories’ CFO, Seven Others (Bloomberg Quint)
The Securities and Exchange Board of India has issued a show cause notice to L Kishore Babu, chief financial officer of Divi’s Laboratories Ltd., alleging that he, along with certain other employees and individuals, was involved in insider trading activities in the company’s scrip. The market regulator has asked them to demonstrate why action should not be taken and an order for disgorgement of the gains should not be passed against them. This comes after SEBI conducted an investigation in the suspected insider trading activities by certain entities while trading in the scrip of Divi’s Lab between July 7-10, 2017.
