Digital Capital Management’s Crypto Asset Fund (CAF), Class X Ranked Top Performing Hedge Fund for 2021 (Hedge Week)
Digital Capital Management (DCM) Crypto Asset Fund (CAF) Class X, one of the first crypto trading funds in the United States (launched July of 2017), has been ranked No1 in Net Return for Crypto Funds in 2021, in addition to ranking No1 in Net Return for all hedge funds by Preqin. Earlier this year, CAF Class X was awarded the “No1 Top Performing Crypto Fund, Overall” for 2021 by Crypto Fund Research (CFR). CAF Class X also received three additional CFR awards in several other categories, including “No1 Top Performing Crypto Fund, Quant/Arb Strategies” for 2021.
It’s a ‘Dicey’ Market for Gas, Hedge Fund Says of Russia-EU Standoff (CNBC)
Bill Perkins of Skylar Capital Management discusses the possibility that Russia will shut off gas supply to European countries if they do not pay in rubles.
Fidelity Boosts Staff Again to Keep BlackRock, Vanguard at Bay (Bloomberg Quint)
(Bloomberg) — Fidelity Investments is a money management behemoth. But its hiring plans more closely resemble a hungry startup. The Boston-based fund manager will add 12,000 new jobs by the end of the third quarter, it said Thursday — a spree that puts it on track to expand headcount by more than 50% in three years. The firm already has 57,000 staff, and discretionary assets of $4.2 trillion.
These Are the Winners of the 2022 Hedge Fund Industry Awards (Institutional Investor)
This year’s top hedge fund manager for institutional investors is Elliott Management Corp. The hedge fund firm headed by Paul Singer took home the award for Institutional Hedge Fund Manager of the Year at Institutional Investor’s 19th annual Hedge Fund Industry Awards, held Wednesday at the Mandarin Oriental in New York. Finalists in 19 other categories — including 9 allocator and consultant categories and 10 hedge fund categories — also received awards over the course of the evening.
Thursday 4/28 Insider Buying Report: LRCX, OFG (Nasdaq.com)
At Lam Research, a filing with the SEC revealed that on Tuesday, Director Catherine P. Lego bought 1,736 shares of LRCX, for a cost of $460.35 each, for a total investment of $799,168. So far Lego is in the green, up about 2.7% on their purchase based on today’s trading high of $472.87. Lam Research is trading up about 2.3% on the day Thursday. And at OFG Bancorp, there was insider buying on Monday, by Jorge Colon who bought 19,215 shares at a cost of $26.01 each, for a total investment of $499,840. Before this latest buy, Colon made one other purchase in the past twelve months, buying $531,370 shares for a cost of $26.90 a piece. OFG Bancorp is trading up about 2% on the day Thursday. So far Colon is in the green, up about 4.4% on their purchase based on today’s trading high of $27.16.
Executives Buy More Than $78M Of 3 Stocks (Benzinga)
iHeartMedia: The Trade: iHeartMedia, Inc. (IHRT) 10%+ owner Michael Tabor acquired a total of 2,826,612 shares at at an average price of $17.38. To acquire these shares, it cost around $49.14 million. Affirm Holdings: The Trade: Affirm Holdings, Inc. (AFRM) 10% owner Jasmine Ventures Pte Ltd acquired a total of 700,000 shares at an average price of $32.19. To acquire these shares, it cost around $22.54 million. What’s Happening: The company’s shares dropped 32% over the past month.
Insider Buying: INDUS Realty Trust, Inc. (NASDAQ:INDT) Major Shareholder Buys 4,107 Shares of Stock (DefenseWorld.net)
INDUS Realty Trust, Inc. (NASDAQ:INDT) major shareholder Ccp Sbs Gp, Llc bought 4,107 shares of the business’s stock in a transaction on Monday, April 25th. The shares were purchased at an average cost of $71.99 per share, for a total transaction of $295,662.93. Following the completion of the purchase, the insider now owns 697,403 shares in the company, valued at $50,206,041.97. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Major shareholders that own at least 10% of a company’s shares are required to disclose their sales and purchases with the SEC.
