Ex-Fortress Partner Baer’s New Litigation Finance Vehicle Contingency Capital Pairs with Tetragon Fund Management Unit (Hedge Week)
TFG Asset Management, the alternative investment management unit of Tetragon led by Reade Griffith, is taking a minority stake in Contingency Capital, a new litigation finance-focused fund manager founded by ex-Fortress Investment Group partner and managing director Brandon Baer. Contingency Capital, a multi-product global asset manager which will sponsor and manage litigation finance-focused investment strategies, will formally launch on 1 November.
Ex-Context CEO Snatches Summit Venue (GreenStreet.com)
Conference organizer Ron Biscardi has staged something of a coup against former employer Context Capital. Working through a firm called iConnections that he founded in April, Biscardi has booked a conference for early 2022 at the Fontainebleau hotel in Miami Beach – the same timeframe and venue that Context has long claimed for the flagship gathering in its Context Summits series. That event has been the hedge fund industry’s largest in-person capital-introduction meeting, with some 2,600 people having attended the 2020 edition and the 2021 entry still on the calendar for now. Biscardi’s move, meanwhile, sends a clear signal that he plans to go head-to-head with Context.
Insider Selling of Palantir Technologies Stock Provides a Golden Buying Opportunity (MSN)
On Wednesday, Palantir Technologies (NYSE:PLTR) completed its long-awaited IPO. Things, however, didn’t go quite as planned. After an initial rise, PLTR stock dropped below $10, valuing the secretive data analytics company at $21 billion and frustrating many investors. But don’t be fooled: Palantir stock may still reward investors handsomely. Two weeks ago, I suggested that investors “back up the truck” if Palantir closed below $10.
Evoqua Water Technologies Corp (AQUA) President & CEO Ronald C Keating Sold $9 million of Shares (Guru Focus)
President & CEO of Evoqua Water Technologies Corp., Ronald C Keating, sold 405,888 shares of AQUA on 10/05/2020 at an average price of $22.06 a share. The total sale was $9 million. Evoqua Water Technologies Corp is a provider of mission critical water treatment solutions. It operates in three segments namely: Industrial, Municipal and Products. Evoqua Water Technologies Corp has a market cap of $2.67 billion; its shares were traded at around $22.80 with a P/E ratio of 33.06 and P/S ratio of 1.86.
Mountain Crest Acquisition Corp (MCACU) CEO Suying Liu Sold $4.4 million of Shares (Guru Focus)
CEO of Mountain Crest Acquisition Corp., Suying Liu, sold 1,757,942 shares of MCACU on 10/02/2020 at an average price of $2.53 a share. The total sale was $4.4 million.
The Chief Human Resources Officer of Coca-Cola European Partners is Exercising Options (Analyst Ratings)
Today it was reported that the Chief Human Resources Officer of Coca-Cola European Partners (CCEP), Nick Wall, exercised options to sell 7,840 CCEP shares for a total transaction value of $312.4K. Following Nick Wall’s last CCEP Sell transaction on March 30, 2020, the stock climbed by 3.2%. The company has a one-year high of $58.94 and a one-year low of $28.35. Currently, Coca-Cola European Partners has an average volume of 740.17K. CCEP’s market cap is $18.09 billion and the company has a P/E ratio of 23.40.
