Recognition for the Smaller and Younger (Hedge Nordic)
Stockholm (HedgeNordic) – The nominations for this year’s HFM EU Emerging Manager Awards have been released, with the recently-announced shortlist featuring 15 Nordic hedge funds. The award ceremony for the HFM EU Emerging Manager Awards, which honors the best-performing smaller and recently launched hedge funds in Europe, will take place at One Great George Street in London on November 16. The nominations are based on a combination of annualized returns and Sharpe ratios over the 12-month period through mid-2021.
BlackRock Joins $200 Million in Funding for Startup Breeze Air (Bloomberg)
(Bloomberg) — BlackRock Inc. and Knighthead Capital Management are investing in a $200 million second round of capital to support the expansion of startup low-cost carrier Breeze Airways. The funding also includes additional investments by Peterson Partners Inc. and Sandlot Partners, which helped provide an initial $100 million in capital that backed the May start of flights by the Salt Lake City-based carrier, Breeze Aviation Group Inc. said Wednesday.
Volatility Vet is the Latest to Launch a Crypto Hedge Fund Firm (BollyInside)
The first, Iceberg Bitcoin Income Fund, aims to utilize options on Bitcoin — and also Ethereum — to crank out risk-adjusted returns that are not designed to “capture the extreme upside,” Weinig told Crypto Investor. Jake Weinig started trading two crypto hedge fund vehicles via his Iceberg Capital Group with an undisclosed sum of day-one capital on July 1. “Crypto in general has a tremendous amount of price inefficiencies, Weinig said. “The derivatives world was just that on steroids.”
Thursday 8/19 Insider Buying Report: APP, DIBS (Nasdaq.com)
At Applovin Corp (APP), a filing with the SEC revealed that on Tuesday, CFO Herald Y. Chen purchased 25,000 shares of APP, for a cost of $60.00 each, for a total investment of $1.5M. So far Chen is in the green, up about 10.8% on their buy based on today’s trading high of $66.48. Applovin Corp is trading up about 3.9% on the day Thursday. Before this latest buy, Chen made one other buy in the past year, purchasing $1.53M shares at a cost of $61.01 a piece. And at 1stdibs.com (DIBS), there was insider buying on Wednesday, by Chief Executive Officer David S. Rosenblatt who purchased 100,000 shares for a cost of $14.94 each, for a total investment of $1.49M. 1stdibs.com Inc is trading down about 1.4% on the day Thursday.
What Did This CEO Just Do with Personal Shares of Hilltop Holdings (NYSE: HTH)? (Analyst Ratings)
Yesterday, the PlainsCapital Bank Pres & CEO of Hilltop Holdings (HTH), Jerry Schaffner, sold shares of HTH for $990.9K. Following Jerry Schaffner’s last HTH Sell transaction on August 12, 2014, the stock climbed by 14.3%. The company has a one-year high of $39.60 and a one-year low of $17.80. HTH’s market cap is $2.67 billion and the company has a P/E ratio of 5.80. Currently, Hilltop Holdings has an average volume of 146.30K.
