MD Sass Restarting Seed-Capital Program (GreenStreet)
Attracted by what it sees as an opportunity-rich environment, M.D. Sass is getting back into the seed-capital business. The New York asset manager’s plans call for routine backing of a range of alternative-investment firms, including hedge fund managers and operators of real estate, private equity and liquid long-only equity vehicles. It just started hunting for its next deal. M.D. Sass is among the seed-capital industry’s longest-tenured investors, having formed 34 partnerships that have attracted some $40 billion since 1972. But it has completed only one such deal since 2009 — a July 2019 arrangement with Cladrius Partners that left unclear whether more investments would be in the works.
Watchdog Hits London Hedge-Fund Founder with Ban and £100,000 Fine for Market Abuse (FNLondon.com)
The chief investment officer of a Mayfair hedge fund has been banned from financial markets and fined £100,000 for misleading trades that amounted to market abuse. Corrado Abbattista, previously chief investment officer of Fenician Capital Management, placed large misleading trades that created the false impression that there was a large buyer in the market for the shares of several companies, the Financial Conduct Authority said.
Intuit Inc (INTU) EVP, People & Places Laura A Fennell Sold $9.4 million of Shares (Guru Focus)
EVP, People & Places of Intuit Inc., Laura A Fennell, sold 29,204 shares of INTU on 09/14/2020 at an average price of $320.34 a share. The total sale was $9.4 million. Intuit Inc creates business and financial management solutions for small businesses, consumers, and accounting professionals. The company’s products and services include QuickBooks and TurboTax.
The President & COO of UFP Industries (NASDAQ: UFPI) is Selling Shares (Analyst Ratings)
Yesterday, the President & COO of UFP Industries (UFPI), Patrick Webster, sold shares of UFPI for $1.68M. Following Patrick Webster’s last UFPI Sell transaction on June 04, 2020, the stock climbed by 8.2%. In addition to Patrick Webster, 2 other UFPI executives reported Sell trades in the last month.
Oracle Corp (ORCL) EVP and General Counsel Dorian Daley Sold $6.9 million of Shares (Guru Focus)
EVP and General Counsel of Oracle Corp., Dorian Daley, sold 112,500 shares of ORCL on 09/15/2020 at an average price of $60.95 a share. The total sale was $6.9 million. Oracle Corp is a computer software company. It sells enterprise information technology solutions, including databases, middleware, applications, and hardware.
The Chief Executive Officer of Schlumberger (NYSE: SLB) is Buying Shares (Analyst Ratings)
Yesterday, the Chief Executive Officer of Schlumberger (SLB), Olivier Le Peuch, bought shares of SLB for $448.9K. This recent transaction increases Olivier Le Peuch’s holding in the company by 15% to a total of $3.46 million. This is Peuch’s first Buy trade following 3 Sell transactions.
