“Be Vigilant”: Man GLG Hedge Fund Veteran Pierre-Henri Flamand Warns Investors of Inflation ‘Storm’ (Hedge Week)
Pierre-Henri Flamand, Man GLG’s CIO emeritus and hedge fund industry veteran, says the huge economic stimulus from governments to combat the coronavirus crisis is fuelling the threat of inflation, and is warning investors to “be vigilant rather than to relax”. The unprecedented cash injections from central banks and governments this year to support economies suggest a “clear threat that we may be entering an inflationary decade”, said Flamand, a former star manager at Goldman Sachs and now senior investment adviser at UK hedge fund giant Man.
Hedgie Assets are Flowing Back (Hedge Nordic)
Stockholm (HedgeNordic) – Investors poured $7.4 billion into hedge funds during the month of August, continuing the industry’s asset recovery journey following four consecutive months outflows from March through June. Investors added an additional $9 billion to the hedge fund industry in July, according to eVestment. Despite enjoying two consecutive months of net inflows, year-to-date asset flows are still well into negative territory after the hedge fund industry registered strong outflows in the first half of 2020. On a year-to-date basis, the industry recorded $37.6 billion in net redemptions through the end of August. According to eVestment’s latest hedge fund asset flows report, the hedge fund industry has $3.197 trillion under management.
Thursday 9/24 Insider Buying Report: LULU, TSI (Nasdaq.com)
At lululemon athletica ( LULU ), a filing with the SEC revealed that on Monday, Chief Product Officer Tara Poseley bought 4,000 shares of LULU, at a cost of $53.52 each, for a total investment of $214,060. Bargain hunters can snag LULU even cheaper than Poseley did, with shares trading as low as $52.00 at last check today — that’s 2.8% below Poseley’s purchase price. lululemon athletica is trading down about 2.1% on the day Thursday. This purchase marks the first one filed by Poseley in the past year. And at TCW Strategic Income Fund ( TSI ), there was insider buying on Tuesday, by Portfolio Manager Tad Rivelle who bought 20,000 shares for a cost of $5.13 each, for a total investment of $102,529.
Not By the Numbers: Former Aceto Controller is Charged with Insider Trading (StatNews.com)
File this under ‘What was he thinking?’ After spending nearly 17 years as controller at Aceto, a supplier of active pharmaceutical ingredients, Ed Kelly retired in March 2018 and, one month later, was hired as a consultant to help the company close its books for the recently ended fiscal quarter. But then he came across information that he apparently could not ignore – and committed insider trading by acting on it, according to a complaint filed by the Securities and Exchange Commission.
ALR Technologies Inc (ALRT) CEO Sidney Chan Bought $12 million of Shares (Guru Focus)
CEO of Alr Technologies Inc, Sidney Chan, bought 240,000,000 shares of ALRT on 09/21/2020 at an average price of $0.05 a share. The total cost of this purchase was $12 million. ALR Technologies Inc is a medical device company, which is focus on commercializing its Heath-e-Connect System. ALR Technologies Inc has a market cap of $12.490 million; its shares were traded at around $0.05 . GuruFocus has detected 2 severe warning signs with ALR Technologies Inc.
The Chief Financial Officer of MAG Silver (NYSE MKT: MAG) is Selling Shares (Analyst Ratings)
Yesterday, the Chief Financial Officer of MAG Silver (MAG), Larry Taddei, sold shares of MAG for $280.3K. The company has a one-year high of $18.25 and a one-year low of $3.84. Currently, MAG Silver has an average volume of 88.29K.
Sebi Penalises Biocon”s Employee for Violating Insider Trading Norms (OutlookIndia.com)
New Delhi, Sep 24 (PTI) Markets regulator Sebi on Thursday levied a fine of Rs 5 lakh on an employee of Biocon Ltd for violating insider trading norms while dealing in the scrip of the firm. Biocon”s employee Girija Kelath violated the Prohibition of Insider Trading (PIT) Regulations by trading in the shares of Biocon during the trading window closure period, which is specifically prohibited. The order follows an investigation carried out by Sebi to ascertain if there was any violation of PIT norms by Girija Kelath, a designated person of Biocon, with respect to her transactions during August 31, 2018 to October 1, 2018.
Twilio Inc (TWLO) CEO Jeff Lawson Sold $6.2 million of Shares (Guru Focus)
CEO of Twilio Inc, Jeff Lawson, sold 27,000 shares of TWLO on 09/21/2020 at an average price of $229.02 a share. The total sale was $6.2 million. Twilio Inc provides a cloud communications platform that enables developers to build, scale and operate communications within software applications through the cloud as a pay-as- you-go service. Twilio Inc has a market cap of $33.21 billion; its shares were traded at around $232.00 with and P/S ratio of 23.17. GuruFocus has detected 1 severe warning sign with Twilio Inc.
