Russia, MENA, and India-Focused Hedge Funds Accelerate as Inflation Spikes (Hedge Week)
Strong gains in Emerging Markets (EM) hedge funds focused on India, Russia, and the Middle East continued to lead through Q3, navigating macroeconomic challenges of inflationary pressures, global supply chain constraints, and the emergence of the Omicron coronavirus variant, with performance topping EM regional equity markets and again being complemented by volatile cryptocurrencies. The HFRI Emerging Markets (Total) Index has returned +5.6 per cent YTD 2021 through November, led by the HFRI Emerging Markets: India Index, which has vaulted +35.0 percent YTD, while the HFRI Emerging Markets: Russia/Eastern Europe Index surged +22.7 percent, as reported by the latest HFR Asian Hedge Fund Industry Report and the HFR Emerging Markets Hedge Fund Industry Report.
Hedge Fund Industry Expected to Accelerate Out of the Pandemic (Opalesque)
The hedge fund industry is strategically poised to accelerate out of the pandemic, says a new report by AIMA and KPMG. Hedge funds have learned a lot about the capabilities of their people and their technologies, their relationship with investors, and have positioned themselves for future investment opportunities. These changes will have implications on the business operating model, the report says, but the industry is able to address these challenges. According to the report: half of the hedge funds started experimenting with private markets or other new products or strategies, – a third of hedge funds are growing the investor relations function, – nearly 80% of respondents are moving to some form of permanent hybrid working, although many have reservations about their new models.
The EC of Star Equity Holdings (NASDAQ: STRR) is Buying Shares (Analyst Ratings)
Yesterday, the EC of Star Equity Holdings (STRR), Jeffrey Eberwein, bought shares of STRR for $2.11M. Following this transaction Jeffrey Eberwein’s holding in the company was increased by 43.67% to a total of $5.45 million. Based on Star Equity Holdings’ latest earnings report for the quarter ending September 30, the company posted quarterly revenue of $28.86 million and GAAP net loss of -$2,141,000.
Tuesday 12/14 Insider Buying Report: EVRG, AGLE (Nasdaq.com)
At Evergy, a filing with the SEC revealed that on Thursday, Director C. John Wilder purchased 13,530 shares of EVRG, for a cost of $66.77 each, for a total investment of $903,395. Wilder was up about 2.0% on the buy at the high point of today’s trading session, with EVRG trading as high as $68.13 in trading on Tuesday. Evergy is trading down about 0.7% on the day Tuesday. Before this latest buy, Wilder bought EVRG on 13 other occasions during the past twelve months, for a total cost of $134.52M at an average of $51.67 per share. And at Aeglea BioTherapeutics, there was insider buying on Monday, by Director Armen Shanafelt who bought 150,000 shares at a cost of $3.66 each, for a total investment of $549,692. Aeglea BioTherapeutics is trading up about 4.8% on the day Tuesday. Shanafelt was up about 11.3% on the buy at the high point of today’s trading session, with AGLE trading as high as $4.08 in trading on Tuesday.
Cloudflare Inc (NET) CEO & Chair of the Board Matthew Prince Sold $15.2 million of Shares (Guru Focus)
CEO & Chair of the Board of Cloudflare Inc, Matthew Prince, sold 104,770 shares of NET on 12/13/2021 at an average price of $145.05 a share. The total sale was $15.2 million.
CFTC Charges Puerto Rico Resident and His Firm for Misappropriation of Nonpublic Information and Fictitious Trading (HedgeCo.net)
(HedgeCo.Net) The Commodity Futures Trading Commission has announced that it has filed a civil enforcement action in the U.S. District Court for the Southern District of Texas against Peter Miller, a resident of San Juan, Puerto Rico, and his firm Omerta Capital LLC. The complaint charges the defendants for receiving tipped confidential block trade order information belonging to an energy company from a trader at that company, and in turn trading on the basis of this information, including entering into non-arm’s length, fictitious block trades in natural gas futures on the basis of this information, in violation of the Commodity Exchange Act (CEA) and CFTC regulations.
