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Three Most Popular Chemicals Companies Among Hedge Funds

2015-09-04 16:58:08| Chemicals - Topix.net

Even in times of serious volatility, the chemical industry has been one of the most stable and consistent dividend paying segments of the economy during the past few years. However, in the last two months, the Chemical Activity Barometer , a leading economic indicator created by the American Chemistry Council , has turned negative and shown declines of 0.1% and 0.3% in July and August respectively after remaining up by 0.5% in May and June.

Tags: popular companies funds chemicals

 

Dallas lawyer, Wall Street-savvy doctor team up to form biotech-focused hedge fund

2015-09-02 15:05:15| Biotech - Topix.net

Lawyer and former state legislative candidate Chart Westcott is teaming up with Dr. Neil Shahrestani to open Dallas hedge fund Ikarian Capital. Shahrestani, who attended Ross University School of Medicine, Columbia University and Cornell University, will provide industry knowledge for Ikarian, which will focus on therapeutics and biotechnology companies.

Tags: form team wall fund

 
 

Why Are Hedge Funds Selling Shares Of Comverse Inc. (CNSI), EMCORE Corporation (EMKR)?

2015-08-31 18:44:48| Semiconductors - Topix.net

In a 13D filing with the Securities and Exchange Commission, Jeffrey Bronchick 's Cove Street Capital reported reducing its stake in Comverse Inc. by 344,400 shares over the last 60 days. Therefore, the investment firm currently holds a 1.17 million-share position in the digital services company, accounting for 5.4% of its outstanding common stock.

Tags: corporation selling funds shares

 

Celgene's Pending Sanctions Motions against Kyle Bass's Hedge Fund

2015-08-27 05:51:32| Biotech - Topix.net

The Patent Trial and Appeals Board previously authorized Celgene Corporation to move for sanctions against the Coalition for Affordable Drugs , an entity affiliated with a Kyle Bass hedge fund that had filed several inter partes review petitions against Celgene and other biotech companies. As expected, Celgene's recently filed motion focuses on the Coalition's underlying goal of "profit[ing] by affecting stock prices."

Tags: fund pending kyle sanctions

 

Apple and 4 Other Stocks Hedge Funds Hated Last Quarter

2015-08-24 17:46:51| Electronics - Topix.net

Hedge funds hated information technology stocks, with $3.12 billion in net sells last quarter, following $1.2 billion sector stock sales in the first quarter. Decreases in industrials and financial services stocks were the second and third most sold sectors by the large hedge funds, according to S&P Capital IQ's, a division of McGraw Hill Financial , quarterly hedge fund tracker, released last week.

Tags: last funds apple quarter

 

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