Hedge Funds on a Roll with Strongest Five-Month Showing Since Early 2000 (Hedge Week)
Hedge fund managers running a range of investment strategies rose again last month, with August’s gains capping the strongest five-month run for the industry in more than 20 years. The HFRI Fund Weighted Composite Index – an investable barometer of the broader hedge fund industry published by Hedge Fund Research – was up 2.67 per cent last month. In the five months since April, following Q1’s coronavirus meltdown, the index has surged 15.4 per cent – the strongest five-month total return for hedge funds since February 2000. That puts its index value to an all-time high of 15,093.
Virgin Islands To Subpoena Hedge Fund Billionaire Glenn Dubin In Epstein Case (Forbes)
As investigations into late financier Jeffrey Epstein’s alleged international sex trafficking ring continue even after his death, the U.S. Virgin Islands has alerted a local court of its intention to subpoena hedge fund billionaire Glenn Dubin and his wife Eva Andersson-Dubin as part of a racketeering lawsuit against Epstein. Virgin Islands Attorney General Denise N. George filed a lawsuit in January of this year alleging Epstein brought hundreds of young women and girls (some as young as 11 years old) to his private island, Little St. James, which is located in the territory.
Focus Financial Partners Inc (FOCS) CFO James Shanahan Sold $7 million of Shares (Guru Focus)
CFO of Focus Financial Partners Inc, James Shanahan, sold 226,441 shares of FOCS on 09/08/2020 at an average price of $31.05 a share. The total sale was $7 million. Focus Financial Partners Inc has a market cap of $2.2 billion; its shares were traded at around $31.64 with a P/E ratio of 131.83 and P/S ratio of 1.25. GuruFocus has detected 3 severe warning signs with Focus Financial Partners Inc.
The Chairman of Columbia Care (Other OTC: CCHWF) is Selling Shares (Analyst Ratings)
Today, the Chairman of Columbia Care Inc (OTCMKTS: CCHWF), Michael James Abbott, sold shares of CCHWF for $335.4K. Based on Columbia Care’s latest earnings report for the quarter ending March 31, the company posted quarterly revenue of $26.32 million and GAAP net loss of -$20,110,000. In comparison, last year the company earned revenue of $19.3 million and had a GAAP net loss of $33.64 million. The company has a one-year high of $5.30 and a one-year low of $0.78. Currently, Columbia Care has an average volume of 234.69K.
Analog Devices Inc (ADI) President & CEO Vincent Roche Sold $3.2 million of Shares (Guru Focus)
President & CEO of Analog Devices Inc, Vincent Roche, sold 27,500 shares of ADI on 09/04/2020 at an average price of $115.13 a share. The total sale was $3.2 million. Analog Devices Inc is engaged in the semiconductor industry. Its business involves designing, manufacturing and marketing of high-performance analog, mixed-signal and digital signal processing integrated circuits used in all types of electronic equipment.
