FundRock rises to top of PwC ManCo index (Hedge Week)
FundRock Management Company (FundRock), a European third-party UCITS Management Company (ManCo) and Alternative Investment Fund Manager (AIFM), has been confirmed as the biggest third-party ManCo in Luxembourg in PwC Luxembourg’s latest annual survey. The rankings measure the size of third-party ManCos by assets under management (AUM). FundRock, which oversees almost 400 UCITS and alternative investment funds in Luxembourg with a total AUM of EUR67.9 billion (as of 31 December 2019), rose to the top of the rankings after recording a 57 per cent increase in AUM last year, attributable to organic growth and the acquisition of SEB Fund Services at the end of 2018. The firm had been placed second in last year’s index.
Thursday 6/4 Insider Buying Report: NSCO, HHS (Nasdaq.com)
On Tuesday, Nesco Holdings’ Director, Gerard E. Holthaus, made a $62,610 purchase of NSCO, buying 25,071 shares at a cost of $2.50 a piece. So far Holthaus is in the green, up about 18.1% on their purchase based on today’s trading high of $2.95. Nesco Holdings is trading up about 1.1% on the day Thursday. Before this latest buy, Holthaus made one other buy in the past twelve months, purchasing $62,610 shares for a cost of $2.50 a piece. And on Monday, Chief Executive Officer Andrew B. Benett purchased $36,040 worth of Harte Hanks, purchasing 15,500 shares at a cost of $2.33 each. Before this latest buy, Benett bought HHS at 2 other times during the past twelve months, for a total investment of $132,546 at an average of $2.55 per share. Harte Hanks is trading up about 17.6% on the day Thursday. Benett was up about 35.0% on the buy at the high point of today’s trading session, with HHS trading as high as $3.14 in trading on Thursday.
Godaddy Inc (GDDY) COO Ah Kee Andrew Low Sold $5.8 million of Shares (Guru Focus)
COO of Godaddy Inc., Ah Kee Andrew Low, sold 72,526 shares of GDDY on 06/02/2020 at an average price of $79.99 a share. The total sale was $5.8 million. GoDaddy Inc, through its subsidiaries provides a variety of domain name registration and website hosting services. It also provides cloud-based solutions. GoDaddy Inc has a market cap of $13.57 billion; its shares were traded at around $81.47 with a P/E ratio of 87.61 and P/S ratio of 4.73.
The Divisional Head of Canaccord Genuity (Other OTC: CCORF) is Selling Shares (Analyst Ratings)
Today, the Divisional Head of Canaccord Genuity (CCORF), Jeffrey Griffin Barlow, sold shares of CCORF for $207.6K. In addition to Jeffrey Griffin Barlow, one other CCORF executive reported Sell trades in the last month.
Is Insider Trading Prosecution Unconstitutional? Ex-Apple Attorney’s Counsel Still Says Yes (Law.com)
Opposing attorneys in a criminal case against a former in-house attorney at Apple Inc. accused of insider trading have been arguing whether it is constitutional to charge someone with insider trading. In February 2019, Gene Levoff was charged with securities fraud and wire fraud in the U.S. District Court for the District of New Jersey. Specifically, the U.S. Justice Department claims that Levoff sold stock he owned in the company during blackout periods. The alleged scheme, according to prosecutors, allowed Levoff to make $27,000 on some trades and avoid losses of approximately $377,000 on others because of insider information he obtained while working at the company. Levoff was charged with six counts of wire fraud and six counts of securities fraud.
