Hedge Fund and Insider Trading News: Accendo Capital, Skye Capital, Vivaris Capital, ARR Investment Partners, C4 Therapeutics Inc (CCCC), and More

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TreeHouse Foodstuff Names Scott Ostfeld to Board in Settlement with Jana Companions (Reuters)
April 12 (Reuters) – Packaged food maker TreeHouse Foodstuff Inc (THS.N) said on Tuesday it had appointed Scott Ostfeld, a husband or wife of activist trader Jana Companions LLC, to its board as part of an arrangement with the New York-centered hedge fund. Jana Partners, which owns a 9.2% stake in TreeHouse, has been pushing for changes at the personal-label foodstuff group given that previous year and nominated two administrators to the company’s board in December.

Skye Worldwide Closes to New Buyers (Institutional Investor)
The 1-time II Hedge Fund Soaring Star’s tech and internet heavy fund has managed to steer clear of the steep losses that others have endured in new quarters. Jamie Sterne’s Skye Money, one of the most profitable freshly introduced hedge cash in the latest decades, has stopped accepting supplemental outside the house cash, in accordance to two traders.The company was controlling about $6 billion at yr-close, in accordance to a regulatory filing.

This Hedge Fund Manager Says Index-Tracking Traders Are Monitoring The Mistaken Index (Forbes)
It’s no mystery that passive investing utilizing index-tracking resources has taken the earth of investing by storm, having a bite out of active managers’ AUMs. Potentially the most frequent index to keep track of is the S&P 500, but one particular hedge fund manager thinks the about $3 trillion invested in S&P cash is in the incorrect spot. On the other hand, he’s not advising these traders to swap to active management. In its place, he suggests that buyers set on tracking an index should target the NASDAQ indices as an alternative.

Hedge Cash Up 1.48% in March Inspite of Geopolitical and Inflationary Force (Cayman Compass)
Versus the backdrop of Russia invasion of Ukraine and soaring inflation, hedge money general gained 1.48% past thirty day period, in accordance to data service provider Eurekahedge. About 61% of money in the Eurekahedge Hedge Fund Index posted optimistic returns and 24.2% of administrators outperformed the S&P 500, which rose by 3.58% about the exact same period of time. Returns have been combined throughout geographic mandates. Latin The united states-focused money led with a return of 3.87%, when the Asia ex-Japan mandate trailed behind their friends with a damaging return of -2.83%.

Hedge Fund, Tech Billionaires Dominate Significant Shell out: ProPublica (1) (Bloomberg Tax)
Invoice Gates produced $2.85 billion per year on regular from 2013 to 2018, $800 million a lot more than any other U.S. citizen, according to an evaluation by ProPublica. Technological know-how and hedge fund executives dominate the record of best earners, with the 11 people today averaging much more than $1 billion a year all coming from the two industries. Ken Griffin had an ordinary profits of $1.68 billion, although David Siegel and John Overdeck of Two Sigma Investments tied for seventh with $1.17 billion a piece. Laurene Powell Jobs, the widow of Apple Inc. co-founder Steve Positions, manufactured $1.57 billion on normal.

Wednesday 4/13 Insider Obtaining Report: CCCC, ALZN (Nasdaq.com)
At C4 Therapeutics, a submitting with the SEC uncovered that on Tuesday, CEO Andrew Hirsch bought 10,000 shares of CCCC, for a value of $8.40 just about every, for a full expense of $84,000. Hirsch was up about 14.6% on the acquire at the large level of today’s buying and selling session, with CCCC trading as substantial as $9.63 at very last check out today. C4 Therapeutics is trading up about 7.7% on the day Wednesday. This get marks the to start with one filed by Hirsch in the previous twelve months. And at Alzamend Neuro, there was insider acquiring on Monday, by Milton C. Ault III who procured 50,000 shares for a charge of $1.13 every, for a overall expense of $56,325. Prior to this most current get, Ault III ordered ALZN at 21 other situations all through the past twelve months, for a overall value of $11.86M at an typical of $4.77 for every share. Alzamend Neuro is buying and selling up about 16.7% on the day Wednesday.

Ex-OppenheimerFunds Quant Receives 33 Months For Insider Trading (FA-Magazine.com)
A previous OppenheimerFunds quantitative analyst was ordered to expend nearly 3 yrs in federal prison for insider buying and selling that created him $8.5 million. Sergei Polevikov, 48, was sentenced to 33 months by U.S. District Choose Lewis J. Liman in Manhattan on Tuesday and requested to pay out a $10 million good. Polevikov pleaded responsible in December to securities fraud, admitting that he made use of confidential information and facts to entrance-operate trades produced by his firm’s consumers from 2014 to at minimum 2019. He forfeited $8.56 million as part of his plea offer.

Yet again Flutterwave CEO, Olugbenga Agboola Accused of Fraud, Perjury, Insider Trading (TheStreetJournal.org)
Barely months immediately after currently being accused of bullying, intimidation and sabotaging the get the job done opportunities of just one of his ex staff members, a new accusation has been levelled versus Olugbenga Agboola, the CEO and co-founder of a single of Nigeria’s biggest tech unicorns, Flutterwave. An investigative report has accused him of insider trading, fraud, and perjury” happening around a 4 calendar year period of time.

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