Insider Trading Is Widespread in a Popular Corner of the Crypto Market (Bloomberg)
Insider trading is rife in a popular corner of the cryptocurrency market. So says Solidus Labs, a New York-based company that specializes in ways to monitor suspicious crypto transactions. Its founders include Asaf Meir and Praveen Kumar, two former employees of Goldman Sachs Group Inc.’s trading-technology operations.
Two Sigma’s Unusual Risk Disclosure was Years in the Making, Hedge Fund Insiders Say (Business Insider)
Two Sigma, the $60 billion quantitative hedge fund giant, is known in the investment management industry and beyond for what it tends to do best: using the power of complex mathematical models and algorithms to invest and making a lot of money doing it. But people with direct knowledge of the matter say it has also long been associated with an open secret to those who know the New York firm well: The two men who founded and run Two Sigma don’t exactly get along.
New York Activist Saba Capital Holds Major Stake in VG1 Fund (Hedge Week)
Saba Capital, a $4.4 billion New York-based activist hedge fund firm founded by Boaz Weinstein, has emerged as a major shareholder in Regal Partners’ listed VG1 fund with a 5% stake in the investment vehicle, according to a report by the Financial Review. VG1, which was listed by VGI Partners on the Australian Stock Exchange (ASX) in September 2017, before the firm was acquired by Regal Partners in June last year, employs the same long-short global equities strategy as the firm’s flagship fund previously only available to high-net-worth clients and wealth families.
Wednesday 6/28 Insider Buying Report: MSGE, MPAA (Nasdaq.com)
On Tuesday, Madison Square Garden Entertainment’s Director, Thomas Charles Dolan, made a $10M purchase of MSGE, buying 322,580 shares at a cost of $31.00 each. Dolan was up about 8.8% on the purchase at the high point of today’s trading session, with MSGE trading as high as $33.73 in trading on Wednesday. Madison Square Garden Entertainment is trading up about 2.1% on the day Wednesday. This buy marks the first one filed by Dolan in the past twelve months. And at Motorcar Parts of America, there was insider buying on Friday, by Douglas B. Trussler who bought 50,000 shares for a cost of $7.00 each, for a total investment of $350,000. This purchase marks the first one filed by Trussler in the past year. Motorcar Parts of America Inc is trading up about 15.8% on the day Wednesday. So far Trussler is in the green, up about 23.3% on their purchase based on today’s trading high of $8.63.
$2M Bet On Universal Technical Institute? Check Out These 3 Stocks Insiders Are Buying (Benzinga)
Universal Technical Institute: The Trade: Universal Technical Institute, Inc. (UTI) Director Adam Gray acquired a total of 307,650 shares an average price of $6.67. To acquire these shares, it cost around $2.05 million. Comtech Telecommunications: The Trade: Comtech Telecommunications Corp. (CMTL) Director Mark R Quinlan acquired a total of 100,000 shares at an average price of $8.89. To acquire these shares, it cost around $888.57 thousand.
