Crypto Fund Seals Coinify Partnership (Hedge Nordic)
Stockholm (HedgeNordic) – Cryptocurrency hedge fund ARK36, managed by an all-Danish team, has announced a partnership with virtual currency platform Coinify to ensure the best execution of orders across multiple trading venues. The Danish founders Ulrik Lykke and Mikkel Mөrch, joined by Jacob Skaaning and Marck Bertelsen, launched the crypto-focused hedge fund in October to deliver risk-adjusted exposure to crypto-assets for professional investors. According to an announcement, Denmark-headquartered Coinify will provide its institutional trading services to ARK36.
Third Quarter End Saw Hedge Fund Investors Retreat, but Industry Assets Still Up, Says BarclayHedge (Hedge Week)
Three months of hedge fund inflows came to an abrupt halt at the end of the third quarter, as investors withdrew USD2.8 billion in September amid a surge in coronavirus cases and fears of renewed economic disruption, new data from BarclayHedge shows. Despite September’s outflows – which represent 0.1 per cent of industry assets – as well as a trading loss of USD15.6 billion, global hedge fund assets grew to USD3.38 trillion at the end of September, up from USD3.36 trillion the previous month.
Tuesday 11/24 Insider Buying Report: OLMA, COTY (Nasdaq.com)
On Monday, Olema Pharmaceuticals’ Director, G. Walmsley Graham, made a $22.04M buy of OLMA, purchasing 1,160,000 shares at a cost of $19.00 each. Graham was up about 189.2% on the purchase at the high point of today’s trading session, with OLMA trading as high as $54.94 at last check today. Olema Pharmaceuticals is trading up about 1.4% on the day Tuesday. This buy marks the first one filed by Graham in the past twelve months. And on Friday, Director Johannes P. Huth bought $6.2M worth of Coty, buying 1,000,000 shares at a cost of $6.20 each. This purchase marks the first one filed by Huth in the past twelve months. Coty is trading up about 5.4% on the day Tuesday. So far Huth is in the green, up about 22.4% on their buy based on today’s trading high of $7.59.
Qualys Inc (QLYS) Chairman & CEO Philippe F Courtot Sold $10.5 million of Shares (Guru Focus)
Chairman & CEO of Qualys Inc, Philippe F Courtot, sold 116,505 shares of QLYS on 11/20/2020 at an average price of $89.88 a share. The total sale was $10.5 million. Qualys Inc provides cloud security and compliance solutions to organizations identifying security risks to their IT infrastructures, to protect their IT systems from cyber-attacks and achieve compliance with internal policies and external regulations.
An Insider at Cresco Labs (Other OTC: CRLBF) is Selling Shares (Analyst Ratings)
Today, an Insider at Cresco Labs (CRLBF), Joseph Stevens Caltabiano, sold shares of CRLBF for $373.3K. Based on Cresco Labs’ latest earnings report for the quarter ending June 30, the company posted quarterly revenue of $94.26 million and GAAP net loss of -$18,897,000.
The EC of The Estée Lauder Companies (NYSE: EL) is Selling Shares (Analyst Ratings)
Yesterday, the EC of The Estée Lauder Companies (EL), William Lauder, sold shares of EL for $1.93M. Following William Lauder’s last EL Sell transaction on February 27, 2019, the stock climbed by 85.4%. In addition to William Lauder, 10 other EL executives reported Sell trades in the last month. The company has a one-year high of $259.78 and a one-year low of $137.01. The Company has a Price to Book ratio of 129.25. EL’s market cap is $86.99 billion and the company has a P/E ratio of 144.90.
Dell Technologies Inc (DELL) COO & Vice Chairman Jeffrey W Clarke Sold $13.7 million of Shares (Guru Focus)
COO & Vice Chairman of Dell Technologies Inc, Jeffrey W Clarke, sold 200,000 shares of DELL on 11/20/2020 at an average price of $68.26 a share. The total sale was $13.7 million. Dell Technologies Inc has a market cap of $51.81 billion; its shares were traded at around $69.38 with a P/E ratio of 25.14 and P/S ratio of 0.57.
