Cryptocurrency-focused Hedge Fund Alphabit Picks AELF as Digital Currency for 2018 (Opalesque)
Alphabit, a global hedge fund investing in digital currencies, has chosen that AELF (ELF) is its cryptocurrency pick for the coming year. AELF is based in Singapore and was launched in December of last year. Alphabit CEO Liam Robertson said at a press conference in Dubai that ELF would deliver large scale commercial adoption of Blockchain technology and solve major transaction issues through its decentralised cloud operating system. “I think we are witnessing a turning point in the Blockchain industry,” Roberston said. “AELF is a new generation of scalable Blockchain computing network, using multi-chain structure and parallel processing to solve issues around efficiency, transaction throughput, and governance.”
Carillion crisis: Hedge Funds Rake in Tens of Millions (The Guardian)
Hedge funds and other financial speculators have made tens of millions of pounds by quietly betting that Carillion would run into financial distress. Short-sellers, who make money by gambling that a company’s share price will fall, have been targeting the company since early 2015, but the number of bets reached a peak just before a profit warning last July that signalled the scale of its problems and sent its shares tumbling.
Hedge Funds Are Making Money From Exotic Bets (Bloomberg)
Cheese, sunflower seeds and rough rice sounds like an unappetizing mix — unless you happen to be a hedge-fund manager. A handful of computer-driven funds had a bumper 2017 by betting on the future price of such “exotic” assets. The success of this type of managed futures strategy, the industry’s term for trend-following, is now drawing new entrants despite the risks created by the low levels of liquidity. Hedge funds returns have been battered by central bank monetary policies that have made it more difficult for them to outperform the market in everything from bonds to equity futures. That’s prompting some trend followers to move into less crowded markets such as over-the-counter securities, electricity and coal.
Insider Buying: Francesca’s Holdings Corp (FRAN) CFO Purchases $11,600.00 in Stock (Stock News Times)
Francesca’s Holdings Corp (NASDAQ:FRAN) CFO Kelly Dilts purchased 2,000 shares of the business’s stock in a transaction on Friday, January 12th. The shares were bought at an average price of $5.80 per share, with a total value of $11,600.00. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Francesca’s Holdings Corp (FRAN) opened at $5.82 on Monday. Francesca’s Holdings Corp has a 12 month low of $5.31 and a 12 month high of $19.50. The firm has a market capitalization of $210.57, a P/E ratio of 8.20, a PEG ratio of 0.89 and a beta of 0.23.
Insider Buying: Delta Air Lines, Inc. (DAL) Director Buys $200,196.00 in Stock (The Lincolnian Online)
Delta Air Lines, Inc. (NYSE:DAL) Director Francis S. Blake acquired 3,350 shares of the business’s stock in a transaction dated Friday, January 12th. The shares were bought at an average cost of $59.76 per share, with a total value of $200,196.00. Following the transaction, the director now directly owns 33,520 shares of the company’s stock, valued at approximately $2,003,155.20. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Shares of Delta Air Lines, Inc. (DAL) opened at $59.83 on Monday.
Insider Selling: Nordson Co. (NDSN) Insider Sells $1,109,888.00 in Stock (Dispatch Tribunal)
Nordson Co. (NASDAQ:NDSN) insider Gregory A. Thaxton sold 7,475 shares of Nordson stock in a transaction that occurred on Friday, January 12th. The shares were sold at an average price of $148.48, for a total value of $1,109,888.00. Following the transaction, the insider now directly owns 56,756 shares in the company, valued at approximately $8,427,130.88. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Shares of Nordson Co. (NASDAQ NDSN) opened at $148.46 on Monday.
