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Were Hedge Funds Right About Altair Engineering Inc. (ALTR)?
While the market driven by short-term sentiment influenced by the accommodative interest rate environment in the US, virus news and stimulus spending, many smart money investors are starting to get cautious towards the current bull run since March, 2020 and hedging or reducing many of their long positions. Some fund managers are betting on Dow hitting 40,000 to generate strong returns. However, as we know, big investors usually buy stocks with strong fundamentals that can deliver gains both in bull and bear markets, which is why we believe we can profit from imitating them. In this article, we are going to take a look at the smart money sentiment surrounding Altair Engineering Inc. (NASDAQ:ALTR).
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Alex Hoctor-Duncan
River and Mercantile Group (R&M) has appointed Alex Hoctor-Duncan, global head of Aberdeen Standard Investments, to the board as an executive director.
He will be responsible for the firm’s strategic development and the appointment is expected to take effect later this year following the conclusion of his “contractual responsibilities”.
River and Mercantile chief executive James Barham said: “I am very excited that Alex will be joining us. He has a long, proven track record in the industry and will bring a perspective to our strategic development that will fit in well with our ambitions to take River and Mercantile forward to the next stage. The momentum within the business is noticeable as the investment we made in distribution and in new investment teams make an impact in particular in our solutions and wholesale businesses. I look forward to welcoming Alex to the board.”
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