Tvede’s Start-Up Gets Dry Powder (Hedge Nordic)
Stockholm (HedgeNordic) – Forecasting start-up Supertrends, which is generating insights for themes-based macro-focused hedge fund Atlas Global Macro, announced the closing of its Series A financing round of 1.5 million Swiss francs, or about €1.4 million, at a pre-money valuation of €6 million. Inspired by his two books on Supertrends, Danish entrepreneur and Atlas Global Macro founder Lars Tvede founded Supertrends in 2019 to “predict what goes on in the world.”
LGT Launches Multi-Alternatives Fund with ILS Component in Australia (Artemis.bm)
LGT Capital Partners (LGT CP), the global alternative investments specialist, is bringing a new multi-strategy alternatives investment fund offering to Australia, with insurance-linked securities (ILS) part of its portfolio. LGT Capital Partners is part of the broader LGT Group that is owned by the Princely House of Liechtenstein and of course has a dedicated ILS specialist investment team in its LGT ILS Partners Ltd. unit.
Friday 7/16 Insider Buying Report: RPHM, CAG (Nasdaq.com)
On Wednesday, Reneo Pharmaceuticals’ Director, Bali Muralidhar, made a $949,756 buy of RPHM, purchasing 111,736 shares at a cost of $8.50 a piece. Muralidhar was up about 9.6% on the buy at the high point of today’s trading session, with RPHM trading as high as $9.32 in trading on Friday. Reneo Pharmaceuticals is trading up about 7.2% on the day Friday. Before this latest buy, Muralidhar bought RPHM on 6 other occasions during the past twelve months, for a total investment of $952,730 at an average of $9.16 per share. And at Conagra Brands, there was insider buying on Thursday, by Director Richard H. Lenny who bought 10,000 shares at a cost of $34.14 each, for a trade totaling $341,400. Before this latest buy, Lenny made one other buy in the past twelve months, purchasing $336,952 shares at a cost of $33.70 each. Conagra Brands is trading up about 0.8% on the day Friday. Lenny was up about 2.8% on the purchase at the high point of today’s trading session, with CAG trading as high as $35.09 in trading on Friday.
Zoom Video Communications Inc (ZM) CEO Eric S. Yuan Sold $36.6 million of Shares (Guru Focus)
CEO of Zoom Video Communications Inc, Eric S. Yuan, sold 96,154 shares of ZM on 07/13/2021 at an average price of $380.14 a share. The total sale was $36.6 million.
Lawmakers Revive Bill to Prevent Corporate Insider Trading (Think Advisor)
Rep. Carolyn B. Maloney, D-N.Y., and Sen. Chris Van Hollen, D-Md., reintroduced Thursday the 8-K Trading Gap Act, legislation to fix a loophole in current law that allows corporate executives to trade on information before it’s disclosed to the public and to their own shareholders. “Corporate executives shouldn’t be allowed to trade on significant information ahead of the public and investors, but that’s exactly what’s happening because of this legal loophole,” Maloney, a senior member of the House Financial Services Committee, said in a statement.
