Home Top Movers Sculptor Capital Management, Inc. (SCU) Stock Trending Up Following Reports of First...

Sculptor Capital Management, Inc. (SCU) Stock Trending Up Following Reports of First Inflows Since 2014

Sculptor Capital Management, Inc. (SCU) stock prices were up by 2.88% as of the market closing on May 14th, 2021, bringing the price per share up to USD$25.76 at the end of the trading day. Subsequent pre-market fluctuations saw the stock increase by 0.93%, bringing it up to USD$26.

Get the hottest stocks to trade every day before the market opens 100% ‎free. Click here now. 

End of the Drought

Earlier in May of 2020, SCU announced the end of several years of client withdrawals that added up to USD$30 billion, in the company’s first quarter of net inflows since 2014. Total assets came out to USD$10.9 billion as of March 31st, 2021, having attracted a net total of USD$78 million of fresh cash with its flagship fund and associated portfolios.

5 Stocks Under $10 That Are Poised to Take Off

Investing in stocks under $10 could significantly increase the returns on your portfolio, especially if you pick the right stocks! Within this report you will find 5 top stocks that offer investors huge upside potential and the best bang for their buck.

Add them to your watchlist before they take off!

Get the Top 5 Stocks Now!

Sponsored

Read More

Healthy Spread of Inflows

The hedge fund inflows came from a myriad of sources that represented a broad range of investors from all over the world. With allocators ranging from consultant advised to not, institutional and retail, the mix has been described as healthy and balanced.

2014 Bribery Probe

The devastating withdrawals commenced in 2014 after the company became the target of a bribery probe into its business based in Africa. In an effort to distance itself from the crisis, SCU made sweeping changes to its management ranks and took on a new name in 2019. After the giant client exodus and plummeting stock price, the company attempted to reverse the damage by reducing or shuttering its non-core business as it focused on the development of its flagship.

Settlement of Bribery Case

The company’s Africa unit closed the matter on the bribery issue late in 2020, having reached a USD$138 million settlement. The final payment was on top of the hundreds of millions of dollars that SCU had already paid in fines and penalties as part of a deferred prosecution agreement with the United States, and a guilty plea by the Africa unit. With the settlement payment, however, the company hopes to put all the legacy issues to rest.

Continuing to Grow

SCU reported having USD$26.8 billion worth of assets under its management as of May 1st, 2021, including collateralized loan obligations amounting to USD$15 billion, growing to becoming their largest business. Hedge fund assets made up more than 30% of the firm’s total assets as of May 1st, 2021, with USD$11.2 billion in multi-strategy funds, the company’s highest-fee product.

Get the hottest stocks to trade every day before the market opens 100% ‎free. Click here now. 

Future Outlook for SCU

After a long and arduous several years, SCU has managed to stay afloat and finally looks to be back on track to profitability. With such drastic changes over that time, current and potential investors look to the new management to leverage the resources at their disposal to usher in significant and sustained increases in shareholder value.

Get The Best Stocks To Trade Every Day!

Join now to get the NewsHeater.com pre-market morning brief 100% free

Must Read

Tyme Technologies, Inc. (TYME) Stock Trends downwards Following Strong Q4 2021 Financials and Progress in OASIS Trial

Tyme Technologies, Inc. (TYME) stock prices was down by -6.92% shortly after market trading commenced on June 11th, 2021, bringing the price per share...

Prophase Labs Inc. (PRPH) stock surged during pre-market trading session. Let’s figure out why?

Prophase Labs Inc. (NASDAQ: PRPH) stock soared by 5.87% at last close as well as the PRPH stock price has been observed rising by...

Why Surgalign Holdings, Inc. (SRGA) stock is gloomy today?

Surgalign Holdings, Inc. (SRGA) stock announced the $50 million registered direct offering priced at the market under Nasdaq rules today on June 10, 2021,...

Exela Technologies Inc. (XELA) stock soars during pre-market. Here’s what you should know?

Exela Technologies Inc. (NASDAQ: XELA) stock gained by 8.28% at last close while the XELA stock price rises in the pre-market as well, by...

Atossa Therapeutics, Inc. (ATOS) stock gains during pre-market trading. Here’s to know why?

Atossa Therapeutics, Inc. (NASDAQ: ATOS) stock declined by 27.51% at the last close while the ATOS stock price rises further by 9.09% in the...

Magnachip Semiconductor Corporation (MX) stock is Popping High today: Why is it so?

Shares of the Magnachip Semiconductor Corporation (MX) stock were popping high after the announcement of its receival of unsolicited buyout bid from Cornucopia Investment...

Why is Autolus Therapeutics plc (AUTL) stock rising today?

Shares of  Autolus Therapeutics plc (AUTL) stock were rising today on June 11, 2021, following the release of the presentation data related to obe-cel...

Mustang Bio, Inc. (MBIO) stock is climbing today: Here is to know why.

Mustang Bio, Inc. (MBIO) stock announced the updated interim data from Phase 1/2 clinical trial of its MB-106 CD20-targeted, autologous CAR T today on...

Related News

Magnachip Semiconductor Corporation (MX) stock is Popping High today: Why is it so?

Shares of the Magnachip Semiconductor Corporation (MX) stock were popping high after the announcement of its receival of unsolicited buyout bid from Cornucopia Investment...

Mustang Bio, Inc. (MBIO) stock is climbing today: Here is to know why.

Mustang Bio, Inc. (MBIO) stock announced the updated interim data from Phase 1/2 clinical trial of its MB-106 CD20-targeted, autologous CAR T today on...

Here’s why Soligenix, Inc. (SNGX) stock is Popping High today

Soligenix, Inc. (SNGX) stock gained Pediatric Investigation Plan (PIP) waiver for HyBryte™ (SGX301 or hypericin) by European Medicines Agency (EMA) after which the SNGX...

Clover Health Investments Corp. (CLOV) stock rises during pre-market. Let’s find out why?

Clover Health Investments Corp. (NASDAQ: CLOV) stock declined by 23.61% at last close while the CLOV stock price gains by 5.73% in the pre-market...

GameStop Inc. (GME) stock plunged during after-hour session. Here’s the update

GameStop Inc. (NASDAQ: GME) stock gained by 0.85% at the last close while the GME stock price declines by 5.21% in the after-hours session....

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Get The Best Stocks To Trade Every Day!

Join now to get the NewsHeater.com pre-market morning brief 100% free

Get The Best Stocks To Trade Every Day!

Join now to get the NewsHeater.com pre-market morning brief 100% free

We do not sell or share your information with anyone.

Get Notified Of Insider Trades, Analyst Upgrades & Downgrades, Earnings Updates & Best Stocks To Trade Every Single Morning

100% free. stop anytime no spam