Hedge Fund Millions Are at Stake in Sculptor CEO Pay Dispute (Bloomberg)
What’s the appropriate pay for a hedge-fund manager? It depends on who you ask. In an industry where the highest earners reap billions of dollars a year, the most public salary fight right now is over the hundreds of millions earmarked for Sculptor Capital Management Inc.’s Jimmy Levin.
Investing in the New Global Infrastructure Economy (Preqin)
Biff Ourso and Andy Deihl of Nuveen Infrastructure discuss the changing landscape of private infrastructure post-COP26 and where the firm is seeing opportunities. Following COP26 in Glasgow, how can private infrastructure investments play a role in the transition to a low-carbon economy? Biff Ourso: There’s no doubt that the agreements coming out of COP26 will continue to generate a policy environment conducive to clean and renewable energy globally. One area we see expanding in particular is the offshore wind space, not only in Europe where a fair amount of investment has been made historically, but in the Americas and Asia-Pacific too.
A Beginner’s Guide to DAO, Killer of Corporate Structure and Hedge Funds (The Street)
A group of crypto enthusiasts last November shocked the world by raising tens of millions of dollars to buy a rare version of the U.S. Constitution, which was auctioned off by the venerable auction house Sotheby’s. If ConstitutionDao lost on the wire against the billionaire hedge-fund manager Ken Griffin of Citadel, it won a symbolic victory, engraving in the collective memory the arrival and power of DAOs and a new form of investing.
VC Valuations Climb Higher Still as Hedge Funds and Other Nontraditional Investors Pile In (Institutional Investor)
Hedge funds and other nontraditional investors are pumping more money than ever into venture capital deals — driving valuations to new heights, according to PitchBook. Early-stage valuations, which includes series A and series B, have gotten so high that they are beginning to resemble the late-stage valuations of previous years. In 2021, the median early-stage pre-money valuation reached $45 million, a 50 percent increase from 2020, PitchBook said in its annual U.S. VC valuations report.
Tuesday 2/8 Insider Buying Report: DUOT, DX (Nasdaq.com)
On Friday, Duos Technologies Group’s , Norman H. Pessin, made a $1.2M buy of DUOT, purchasing 300,000 shares at a cost of $4.00 each. So far Pessin is in the green, up about 20.0% on their purchase based on today’s trading high of $4.80. Duos Technologies Group is trading up about 1.3% on the day Tuesday. And also on Friday, CEO and Co-CIO Byron L. Boston purchased $201,348 worth of Dynex Capital, purchasing 12,600 shares at a cost of $15.98 a piece. Before this latest buy, Boston purchased DX on 2 other occasions during the past twelve months, for a total cost of $129,998 at an average of $17.96 per share. Dynex Capital is trading up about 1.6% on the day Tuesday. Boston was up about 4.1% on the buy at the high point of today’s trading session, with DX trading as high as $16.63 in trading on Tuesday.
Bill Ackman just spent $1.1bn on Netflix stock. Should I buy the shares too? (The Motley Fool)
Hedge fund manager Bill Ackman, who manages the FTSE 250-listed investment trust Pershing Square Holdings, is one of the biggest names in the investment world. It’s not hard to see why – during Covid, he turned $27m into a massive $2.6bn in what has been called the “single best trade of all time”. Recently, it has come to light that Ackman spent $1.1bn on Netflix (NASDAQ: NFLX) shares after the stock’s post-earnings pullback in January. Ackman bought near the $390 mark, picking up 3.1m shares. Should I follow the hedge fund manager and buy Netflix stock myself? Let’s take a look.
The SEC is Pushing the Limits of Insider Trading Enforcement (Fortune)
Underscoring the SEC’s newly aggressive enforcement agenda, chair Gary Gensler recently dusted off the combative words of the agency’s founding chair, Joseph P. Kennedy, who some 85 years ago announced his intent to “make war without quarter on any who sell securities by fraud or misrepresentation.” Already, the SEC has begun to make good on that threat, pushing the boundaries of insider trading liability. However, the jury is still out on where those limits lie, as two recent cases have shown.
