Hayfin Debt Fund Targeting $2 Billion-Plus (Green Street)
Hayfin Capital is nearing the fundraising finish line for a private debt vehicle that would pursue special situations in Europe. The London operation expects to hold a final equity close for its Hayfin Special Opportunities Fund 3 in the third quarter, with a target of €2 billion ($2.35 billion). Hayfin already has raised €1.5 billion, including separate accounts, and had deployed more than €230 million across 14 investments by Dec. 31. While the name of the fund suggests it is the third special-situations vehicle, it is the fourth, following Special Opportunities Fund Balance Sheet in 2009, Special Opportunities Fund 1 in 2012 and Special Opportunities Fund 2 in 2016.
Duo Reges Capital Management Takes on Human-Machine Bias (Opalesque)
When you think about investing buzzwords and phrases it’s hard to find one buzzier than “machine learning”. These days it’s all about finding the right quants and the right algorithms to generate alpha. But what happens when enough robots are trading that they start to create their own patterns? A new fund – Duo Reges Capital Management argues that when it comes to investing patterns and biases, the robots have just as many as the humans. “An algorithm is only as good as its data,” Andy Chakraborty, Founder and Portfolio Manager at Duo Reges Capital Management tells Opalesque New Managers. “If the data contains bias, the computer will continue that bias. But even if the data is ‘clean’ there are certain patterns that begin to emerge. That’s exploitable.”
Nordea Managing Director Faces Insider Dealing Prosecution (1) (Bloomberg Law)
A Swedish prosecutor has charged a managing director within Nordea Bank Abp’s leveraged finance unit with suspicion of severe insider trading. “The criminal activity can be considered as severe as it has taken place systematically over several years, and due to the special position of the bank employee,” Pontus Hamilton, a prosecutor at the Swedish Economic Crime Authority, said in a statement. The long-time Nordea employee at the bank’s Stockholm office was arrested on Feb.
Square Inc (SQ) President, CEO & Chairman Jack Dorsey Sold $21 million of Shares (Guru Focus)
President, CEO & Chairman of Square Inc, Jack Dorsey, sold 100,000 shares of SQ on 03/29/2021 at an average price of $210.26 a share. The total sale was $21 million. Square Inc is a software company offering solutions ranging from payments and point-of-sale services to financial and marketing services. It offers a free software app with its hardware to turn mobile devices into powerful POS solutions in minutes.
The Senior Officer of Alimentation Couche Tard (Other OTC: ANCUF) is Selling Shares (Analyst Ratings)
Today, the Senior Officer of Alimentation Couche Tard (ANCUF), Réal Plourde, sold shares of ANCUF for $533.2K. The company has a one-year high of $37.06 and a one-year low of $22.30. Currently, Alimentation Couche Tard has an average volume of 13.18K. Based on 10 analyst ratings, the analyst consensus is Moderate Buy with an average price target of $36.60, reflecting a -10.6% downside.
Here are the Top Stocks Seeing the Most Insider Buying this Week (CNBC)
Brian Sullivan brings you the top stocks seeing the most insider buying this week, on Worldwide Exchange.
