Kreditfonden Grows on All Fronts (Hedge Nordic)
Stockholm (HedgeNordic) – Stockholm-based asset manager Kredifonden keeps expanding its team as assets under management continue to rise. After announcing the hiring of Arnar Vidarsson in early February, the asset manager has just announced that Johan Nobel is also joining the team as a Senior Analyst. Nobel joins Kreditfonden from AB Svensk Exportkredit, which provides loans to Swedish exporting companies and their customers abroad. He worked in several different roles, most recently as a business manager in the medium-sized business segment. “Johan has solid experience of credit analysis, interest rate and market analysis, as well as investment experience focused on direct loans,” comments Fredrik Sjöstrand, CIO and founding partner.
Boardroom Battles: Why Activist Hedge Funds are Back in the Spotlight (Hedge Week)
From the new UK chancellor’s career background to the latest campaigns from the best-known US managers, activist hedge funds are firmly back in the spotlight, not least after a stellar 12 months of performance. Before being named Chancellor of the Exchequer earlier this month, Rishi Sunak originally cut his teeth at The Children’s Investment Fund Management (TCI) – Sir Chris Hohn’s well-known activist giant which made 41 per cent last year – later co-running London-based long/short equity fund Theleme Partners before going into politics full-time.
Final Judgment Against Research Analyst Who Tipped Hedge Fund Portfolio Manager (HedgeCo.Net)
(HedgeCo.Net) A federal district court in New York has entered a final consent judgment against Sandeep Aggarwal, a former research analyst at a registered broker dealer and investment research firm. The SEC previously charged Aggarwal with insider trading for tipping Richard Lee, a portfolio manager at former hedge fund advisory firm S.A.C. Capital Advisors L.P. The SEC filed its action in July 2013, alleging that Aggarwal tipped Lee in advance of the public announcement of an internet search engine partnership between two technology companies. Lee’s trading enabled the S.A.C. Capital hedge fund that Lee managed to generate more than $350,000 in illegal profits. Lee also traded in his personal securities account on the nonpublic information he received from Aggarwal.
Inovalon Holdings Inc (INOV) CEO and Chairman of the Board Keith R Dunleavy Bought $1.3 million of Shares (Guru Focus)
CEO and Chairman of the Board of Inovalon Holdings Inc., Keith R Dunleavy, bought 63,005 shares of INOV on 02/25/2020 at an average price of $20.33 a share. The total cost of this purchase was $1.3 million. Inovalon Holdings Inc is a United State based technology company. It delivers seamless, end-to-end platforms that bring the benefits of big data and large-scale analytics to the point of care.
Wednesday 2/26 Insider Buying Report: ACNB, TRXC (Nasdaq.com)
On Monday, ACNB’s Director, David L. Sites, made a $268,071 buy of ACNB, purchasing 7,685 shares at a cost of $34.88 a piece. Investors can grab ACNB even cheaper than Sites did, with shares changing hands as low as $33.54 at last check today — that’s 3.8% below Sites’s purchase price. ACNB is trading up about 0.5% on the day Wednesday. This purchase marks the first one filed by Sites in the past year. And also on Monday, Director Andrea Biffi bought $187,512 worth of TransEnterix, buying 151,219 shares at a cost of $1.24 each. This purchase marks the first one filed by Biffi in the past twelve months. TransEnterix is trading up about 3.5% on the day Wednesday. Investors are able to pick up TRXC at a price even lower than Biffi did, with shares changing hands as low as $1.15 in trading on Wednesday which is 7.3% below Biffi’s purchase price.
The Chairman, Interim CEO of Plantronics (NYSE: PLT) is Buying Shares (Analyst Ratings)
Yesterday, the CHAIRMAN, INTERIM CEO of Plantronics (PLT), Robert Hagerty, bought shares of PLT for $141.7K. This recent transaction increases Robert Hagerty’s holding in the company by 43.71% to a total of $446.8K. In addition to Robert Hagerty, 4 other PLT executives reported Buy trades in the last month.
