Follow Nancy Pelosi and Watch These 8 Stocks That Lawmakers Are Buying
Congressional trading activity has been pushed into focus in recent years, spearheaded by the successful trades of Speaker Nancy Pelosi (and her husband ). These trades are highly scrutinized and controversial because lawmakers making these trades may be involved with operations that could affect the companies purchased. Quiver Quant offers a strategy, called the Congress Long-Short Strategy , that allows investors to follow the purchases and sales of members of Congress. The strategy has returned 24.11% over the past year, compared with the SP 500’s 10% loss during the same period. Since its inception, the strategy has returned a compound annual growth rate of 58.85% with a max drawdown of 31.30%. Meanwhile, the Securities and Exchange Commission (SEC) announced today that it had charged former Indiana Representative Stephen Buyer with insider trading . According to the complaint, Buyer is accused of trading with material, non-public information (MNPI) after he left office. The complaint alleges that Buyer was aware of T-Mobile’s (NASDAQ: TMUS ) acquisition of Sprint before the information was publicly available.
Follow Nancy Pelosi and Watch These 8 Stocks That Lawmakers Are Buying
Congressional trading activity has been pushed into focus in recent years, spearheaded by the successful trades of Speaker Nancy Pelosi (and her husband ). These trades are highly scrutinized and controversial because lawmakers making these trades may be involved with operations that could affect the companies purchased. Quiver Quant offers a strategy, called the Congress Long-Short Strategy , that allows investors to follow the purchases and sales of members of Congress. The strategy has returned 24.11% over the past year, compared with the SP 500’s 10% loss during the same period. Since its inception, the strategy has returned a compound annual growth rate of 58.85% with a max drawdown of 31.30%. Meanwhile, the Securities and Exchange Commission (SEC) announced today that it had charged former Indiana Representative Stephen Buyer with insider trading . According to the complaint, Buyer is accused of trading with material, non-public information (MNPI) after he left office. The complaint alleges that Buyer was aware of T-Mobile’s (NASDAQ: TMUS ) acquisition of Sprint before the information was publicly available.