Australian Hedge Fund Bets Big on Asymmetric Themes (Opalesque.com)
The Arnott Opportunities Fund (Cayman) is up 16% YTD (to August, Month-to-Date). It has annualised more than 22% since May 2013, compared to 6.9% for the MSCI, according to documents seen by Opalesque. That good fortune comes from a strong focus on asymmetric investment opportunities. The fund went through the first months of 2020 by focusing on macro drivers for risk and opportunities. “We watched the risks of COVID unfold in January and reduced our small-cap exposure aggressively,” says an Arnott presentation overviewed by Opalesque. “Then we positioned very short in our hedge book and financials into March and respected the power of liquidity the Fed provided in April. We lifted our index hedge and covered short financial positions no longer at risk.”
Now Hedge Funds are Hiring Technologists in Poland Too (eFinancialCareers.com)
It’s not just Goldman Sachs, UBS, Credit Suisse and JPMorgan that have big back office and technology centres in Poland. Last month, hedge fund Point72 announced plans to open a Warsaw office with 150 people working across finance, technology and operations in 2021. Now the firm is looking for someone to make those hires. Point72 is advertising for a recruitment lead in Warsaw with experience of sourcing technology talent for financial services firms. It says it plans to run a local graduate recruitment program focused on campus hiring and entry level employees in Warsaw, and that it wants its new recruiter to create a strategy that will, “attract and retain the best local talent.”
Realpage Inc (RP) Chairman & CEO Stephen T Winn Sold $12.1 million of Shares (Guru Focus)
Chairman & CEO of Realpage Inc, Stephen T Winn, sold 200,000 shares of RP on 08/20/2020 at an average price of $60.59 a share. The total sale was $12.1 million. RealPage Inc is a provider of demand software and software-enabled services for the rental housing and vacation rental industries. Its solutions include marketing, pricing, leasing, accounting, purchasing, and other property operation capabilities.
Friday 8/21 Insider Buying Report: TACO, CRMD (Nasdaq.com)
On Tuesday, Del Taco Restaurants’s Director, Lawrence F. Levy, made a $425,704 purchase of TACO, buying 50,800 shares at a cost of $8.38 each. Levy was up about 3.1% on the purchase at the high point of today’s trading session, with TACO trading as high as $8.64 at last check today. Del Taco Restaurants is trading up about 1.8% on the day Friday. Before this latest buy, Levy bought TACO at 2 other times during the past year, for a total cost of $498,419 at an average of $2.90 per share. And on Wednesday, Mehmood Khan bought $221,350 worth of CorMedix, buying 45,750 shares at a cost of $4.84 a piece. Before this latest buy, Khan made one other purchase in the past twelve months, buying $111,925 shares for a cost of $6.58 each. CorMedix is trading up about 3.7% on the day Friday.
What Did This CEO Just Do with Personal Shares of Procter & Gamble (NYSE: PG)? (Analyst Ratings)
On August 19, the COB, Pres & CEO of Procter & Gamble (PG), David S. Taylor, sold shares of PG for $17.97M. In addition to David S. Taylor, 22 other PG executives reported Sell trades in the last month. Over the last month, David S. Taylor has reported another 3 Sell trades on PG for a total of $11.55M.
Novavax Inc (NVAX) EVP, Chief Legal Officer John A Herrmann Iii Sold $6.7 million of Shares (Guru Focus)
EVP, Chief Legal Officer of Novavax Inc, John A Herrmann Iii, sold 46,242 shares of NVAX on 08/18/2020 at an average price of $144.33 a share. The total sale was $6.7 million. Novavax Inc is a clinical-stage vaccine company. It is engaged in the discovery, development and commercialization of recombinant nanoparticle vaccines and adjuvants.
