Warren Buffett’s Berkshire Hathaway has Scored an Almost $2 Billion Gain on DaVita stock in the Past Year (Business Insider)
Warren Buffett‘s Berkshire Hathaway has scored almost a $2 billion gain on DaVita stock in the past year, likely propelling the kidney-dialysis specialist into the conglomerate’s 10 most-valuable portfolio holdings. The famed investor’s company holds 36.1 million shares of DaVita, giving it a 34.4% stake, a regulatory filing showed this month. DaVita’s stock is trading close to a record high at $131, valuing Berkshire’s position at $4.7 billion – up nearly 60% from about $3 billion a year ago.
Hedge Fund Millennium’s Summer Hiring in London (eFinancialCareers.com)
It’s August, but hedge fund Millennium is still adding talent in the UK. The fund has just recruited William Johns, a former head of correlation trading at Nomura and head of Asian currency options at Citi. Johns, who declined to comment for this article, is understood to be setting up a new pod to invest in FX using a volatility relative value strategy. As we’ve reported before, Millennium is organised into independently operating pods that are subsets of its main fund. Members of each pod are paid according to their pod’s pnl and there’s no netting across the wider fund. Millennium founder Izzy Englander said in February that the fund ended 2020 with, “more than 265 portfolio manager teams, the most we have ever had in our history.” In 2019, there were only 200.
How Activist Hedge Funds Went from Corporate Raiders to Climate Heroes (Fast Company)
When upstart activist hedge fund Engine No. 1 secured three seats on the board of ExxonMobil in June, it was a high-profile repudiation of the way the country’s largest oil company has long conducted business: with a laser focus on returns and a blind eye to its impact on the world at large. The fund vowed to push ExxonMobil to develop a plan to address climate change and reduce its carbon footprint. Exxon’s responsibility as a business would no longer be only to its shareholders, the boardroom showdown signaled, but also to the public and the planet.
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Mystery Hedge Fund Bolsters 500% Return on Curious Nasdaq Stock (Bloomberg Law)
Six thousand miles from Wall Street, in the ancient Silk Road city of Almaty, lies the private redoubt of a little-known financial empire. Inside the members-only T-Club, two cockatoos, Grisha and Silvia, keep watch. Above a bronze samovar, a flat screen television shows the proprietor’s corporate crest: a green “F” on a green shield.
Hedge Funds Down 0.34 per cent in July, Says SS&C GlobeOp (Hedge Week)
The gross return of the SS&C GlobeOp Hedge Fund Performance Index for July 2021 measured -0.34 per cent. Hedge fund flows, meanwhile, as measured by the SS&C GlobeOp Capital Movement Index advanced 0.55 per cent in August. “SS&C GlobeOp’s Capital Movement Index rose 0.55 per cent for August 2021, reflecting increased net inflows compared to the favourable 0.53 per cent gain reported for the same period a year ago,” says Bill Stone, Chairman and Chief Executive Officer, SS&C Technologies. “Positive capital flows together with solid performance thus far in 2021 have created strong growth in hedge fund assets under management.”
Virgin Galactic Falls as Billionaire Branson Sells Stake Worth $300 Million (Reuters)
Aug 13 (Reuters) – Shares of Virgin Galactic Holdings Inc (SPCE.N) fell nearly 3% on Friday after its founder and British billionaire Richard Branson sold a portion of his stake for nearly $300 million. Branson sold more than 10 million shares between Aug. 10 and 12, according to a regulatory filing from late Thursday.
Hedge Fund Element Has 2.5% July Gain by Avoiding Volatile Rates (Bloomberg)
Element Capital Management climbed 2.5% in July by avoiding wagers on interest rates that burned the macro hedge fund in February — and some of its peers more recently. The $15 billion firm, founded by Jeff Talpins, is still down 5.7% this year after losing 7% in February, according to people familiar with its performance. It gained 1% in June.
A New Kind Of GP Stake Deal: Billionaire-Backed Nile Capital Takes Minority Stake In VC Firm Wilshire Lane Capital (Forbes)
In the booming private equity and venture capital industries, fast-growing firms like Clearlake Capital and New Enterprise Associates have been able to turn to funds built to buy minority stakes in investment firms, giving them new capital for growth. Now, the market for staking these general partnerships is expanding to include newer firms, often with founders from diverse backgrounds looking for early-stage capital to build the infrastructure necessary to win the confidence of large pensions and endowments.
The EC of DTE Energy (NYSE: DTE) is Selling Shares (Analyst Ratings)
Yesterday, the EC of DTE Energy (DTE), Gerard Anderson, sold shares of DTE for $1.21M. Following Gerard Anderson’s last DTE Sell transaction on August 14, 2019, the stock climbed by 19.9%. Based on DTE Energy’s latest earnings report for the quarter ending June 30, the company posted quarterly revenue of $3.23 billion and quarterly net profit of $179 million. In comparison, last year the company earned revenue of $2.58 billion and had a net profit of $277 million. The company has a one-year high of $145.43 and a one-year low of $109.65. Currently, DTE Energy has an average volume of 491.70K.
Thursday 8/12 Insider Buying Report: HFC, ATVI (Nasdaq.com)
At HollyFrontier, a filing with the SEC revealed that on Tuesday, Director Michael E. Rose bought 13,500 shares of HFC, at a cost of $28.92 each, for a total investment of $390,420. So far Rose is in the green, up about 6.0% on their purchase based on today’s trading high of $30.66. HollyFrontier is trading up about 0.7% on the day Thursday. This purchase marks the first one filed by Rose in the past year. And at Activision Blizzard, there was insider buying on Monday, by Director Peter J. Nolan who purchased 3,950 shares at a cost of $81.93 each, for a total investment of $323,608. Before this latest buy, Nolan purchased ATVI at 2 other times during the past twelve months, for a total investment of $2.09M at an average of $94.96 per share. Activision Blizzard is trading trading flat on the day Thursday. So far Nolan is in the green, up about 4.3% on their buy based on today’s trading high of $85.46.
