Activist Trian Takes Stakes in Janus Henderson, Invesco (Pensions&Investments)
Activist hedge fund Trian Fund Management has taken 9.9% stakes in money managers Janus Henderson and Invesco and may encourage the firms’ management and boards to explore mergers and acquisitions. The stakes were disclosed in separate SEC filings Friday and reported by Nelson Peltz, CEO and founding partner; Peter W. May, president and founding partner; and Edward P. Garden, CIO and founding partner.
Nordic Capital Achieves $7.2bn Fund Close with No Face-to-Face Meetings (Opalesque.com)
Swedish private equity firm Nordic Capital has hit a hard cap of EUR 6.1 billion (about $7.2 billion) on its latest flagship fund – Nordic Capital Fund X – after less than six months on the road and no face-to-face meetings. The tenth fund exceeds the target of EUR 5 billion, closes at its hard cap with significant excess demand, and is the largest fund raised in Nordic Capital’s history, said a press release from the private equity investor. “This is the largest fund that Nordic Capital has raised since its inception in 1989 and surpasses its 2018-vintage Nordic Capital Fund IX which raised EUR 4.3 billion (including GP commitment),” it said.
Warren Buffett’s Charity Dinner Spurred the Boss of an Online-Trading Platform to Embrace Value Investing (Business Insider)
Cryptocurrency executive Justin Sun shelled out $4.6 million for a charity dinner with Warren Buffett in a vain attempt to convert the billionaire investor into a Bitcoin believer. Instead, one of his guests embraced Buffett’s signature value-investing strategy, Bloomberg reported on Friday. After dining with the Berkshire Hathaway boss in January, eToro CEO Yoni Assia devoured “The Intelligent Investor,” the value-investing bible written by Buffett’s mentor, Benjamin Graham.
Broadcom Inc (AVGO) President and CEO Hock E Tan Sold $28.7 million of Shares (Guru Focus)
President and CEO of Broadcom Inc., Hock E Tan, sold 78,125 shares of AVGO on 09/29/2020 at an average price of $366.81 a share. The total sale was $28.7 million. Broadcom Inc is engaged in designing, developing and supplying analog and digital semiconductor connectivity solutions. Its product portfolio serves wired infrastructure, wireless communications, enterprise storage and industrial and other end markets.
The Shareholder of Elementos (Other OTC: ELTLF) is Buying Shares (Analyst Ratings)
Today, the Shareholder of Elementos Limited (OTCMKTS: ELTLF), Mark Wellings, bought shares of ELTLF for $2M. This recent transaction increases Mark Wellings’ holding in the company by 9% to a total of $4.37 million.
Paycom Software Inc (PAYC) President and CEO Chad R. Richison Sold $14 million of Shares (Guru Focus)
President and CEO of Paycom Software Inc., Chad R. Richison, sold 45,000 shares of PAYC on 09/30/2020 at an average price of $311.29 a share. The total sale was $14 million. Paycom Software Inc is a provider of cloud-based HCM software solution delivered as Software-as-a-Services. It provides functionality and data analytics that businesses need to manage the complete employment life cycle from recruitment to retirement.
