Cathie Wood’s Ark ETF is getting crushed – the basic investing Lesson We can all Learn (Yahoo Finance)
It’s been two years since Cathie Wood’s ARK Invest’s breakout during the pandemic, and in the time since, the fund has hit a major rough patch. In 2021, the fund’s holdings in Roku, Teladoc, and Zoom sank the ETF’s value. However, the latest market implosion crushed the reeling firm. Ark was down more than 60% through August, fifty percentage points worse than the S&P 500.
The 2022 Preqin Private Capital Fund Terms Advisor (Preqin)
Our Preqin Capital Fund Terms Advisor assists GPs, LPs, and their legal and investment advisers by providing detailed information and benchmarks on the key economic and non-economic terms across private capital. We draw on Preqin Pro data to cover headline management fee rates and the mechanisms for reducing them, charging intervals, transaction and monitoring fees, fund organizational expenses, and distribution mechanisms. You will also find details of advisory committees, GP and minimum LP commitments, and how changes to contractual terms are handled with ‘key-man’ provisions and no-fault divorce clauses. Our guide shines a light on the range of current practices and how fund terms are evolving in response.
Hedge Funds Brave Stock Chaos To Lift Bets By Most In Five Years (FA-Mag.com)
Professional speculators are refusing to surrender to a punishing stock market prone to choppy trends and endless volatility — boosting bullish and bearish positions at the fastest rate in five years. As the S&P 500 plunged almost 5% last week after a surprisingly hot inflation reading, hedge funds snapped up single stocks while betting against the broad market with products like exchange-traded funds, data from Goldman Sachs Group Inc.’s prime brokerage show. Taking their long and short exposures together, the total gross trading flow rose for a fifth straight week in the largest notional increase since 2017.
Tuesday 9/20 Insider Buying Report: IE, DLR (Nasdaq.com)
At Ivanhoe Electric, a filing with the SEC revealed that on Friday, Chief Executive Officer Robert M. Friedland bought 416,666 shares of IE, for a cost of $8.00 each, for a total investment of $3.33M. So far Friedland is in the green, up about 8.1% on their buy based on today’s trading high of $8.65. Ivanhoe Electric is trading up about 0.3% on the day Tuesday. Before this latest buy, Friedland made one other purchase in the past twelve months, buying $1.54M shares at a cost of $8.60 a piece. And on Thursday, CHIEF EXECUTIVE OFFICER A. William Stein purchased $566,100 worth of Digital Realty Trust, purchasing 5,000 shares at a cost of $113.22 each. Before this latest buy, Stein made one other purchase in the past year, buying $629,750 shares at a cost of $125.95 each. Digital Realty Trust is trading down about 0.5% on the day Tuesday. Bargain hunters can grab DLR even cheaper than Stein did, with shares trading as low as $109.95 at last check today which is 2.9% under Stein’s purchase price.
$3.3 Million Bet On This Technology Stock? 3 Stocks Insiders Are Buying (Benzinga)
Third Harmonic Bio The Trade: Third Harmonic Bio, Inc. (THRD) 10% owner Atlas Venture Associates Opportunity I, LLC acquired a total of 7,366,470 shares at an average price of $17.00. To acquire these shares, it cost around $5.1 million. Spok Holdings: The Trade: Spok Holdings, Inc. (SPOK) Director Todd J Stein bought a total of 139,704 shares at an average price of $7.29. To acquire these shares, it cost around $1.02 million.
