Connection Capital Survey Reveals Increase in HNWI Alternative Investment Allocations (Hedge Week)
High net worth investors (HNWIs) are including much higher weightings of alternative investments in their portfolios than five years ago, with four in 10 investors (41%) now allocating more than 20% to the asset class, according to research by Connection Capital, a specialist private client alternative investments business. Private investors’ exposure to alternative investments has been increasing steadily as they hunt for superior returns and diversification from quoted markets. In 2018, the first year the survey was carried out, a quarter (26%) of respondents had 20% or more of their portfolios invested in alternatives, and this had risen to around a third (35%) last year.
Innovator ETFs Announces New Upside Cap Ranges for August Series of U.S. Equity Buffer ETFs (GlobeNewswire)
CHICAGO, July 25, 2022 (GLOBE NEWSWIRE) — Innovator Capital Management, LLC (Innovator) today announced the anticipated upside cap ranges and return profiles for the August series of the U.S. Equity Buffer ETFs™ – Innovator U.S. Equity Buffer ETF™ – August (BAUG), Innovator U.S. Equity Power Buffer ETF™ – August (PAUG) and Innovator U.S. Equity Ultra Buffer ETF™ – August (UAUG) – which are scheduled to complete their second annual outcome period and reset at the end of the month. The 36 total ETFs in the flagship U.S. Equity Buffer ETF lineup seek to provide investors with upside participation, to a cap, in Large-cap U.S. stocks via options on the SPDR S&P 500 ETF Trust (SPY) with buffers against market losses of 9%, 15% or 30% over one-year periods.
Put Short Selling on the ESG Investing Table, Say Hedge Fund Managers (WealthProfessional.ca)
Investors engaged in accomplishing environmental, social, and governance objectives have favoured shareholder activism and divestment as their preferred strategy. However, it may also be beneficial to take short positions on businesses that violate ESG regulations. James Jampel, founder of the US$700-million hedge fund HITE Asset Management, argues that shorting can be a powerful tool in helping reduce carbon emissions across the economy, reported Institutional Investor. Since it permits investors to avoid the conflict of interest that results from keeping long positions in ESG laggard businesses, it may even be more effective than shareholder participation.
Monday 7/25 Insider Buying Report: CFB (Nasdaq.com)
On Thursday, CrossFirst Bankshares’ CFO, Benjamin R. Clouse, made a $97,425 purchase of CFB, buying 7,500 shares at a cost of $12.99 a piece. So far Clouse is in the green, up about 4.7% on their buy based on today’s trading high of $13.60. CrossFirst Bankshares is trading up about 3.5% on the day Monday. Before this latest buy, Clouse made one other buy in the past twelve months, purchasing $107,226 shares at a cost of $14.49 each.
Former U.S. Congressman Buyer Charged with Insider Trading Ahead of Telecoms Merger (Reuters)
NEW YORK, July 25 (Reuters) – Former U.S. Congressman Stephen Buyer has been charged with insider trading over purchases of shares in telecommunications company Sprint before it merged with T-Mobile US Inc (TMUS.O), prosecutors said on Monday. Buyer, a Republican who represented Indiana in Congress between 1993 and 2011, was working as a consultant to T-Mobile ahead of the 2018 merger, according to an indictment filed by federal prosecutors in Manhattan.
