SAN DIEGO, Feb. 23, 2021 /PRNewswire/ -- Shield AI, a defense-technology company using self-driving software to enable unmanned systems to operate without GPS and communications, today announced it has raised $90M in a Series C round through equity and debt financing. The lead investor was Point72 Ventures.
PRNewswire2021 sure picked up from where 2020 left off. As if things couldn't get any crazier than a global pandemic, a group of retail investors seemingly organized an epic short squeeze in GameStop Corp's stock (GME) so violent that it bankrupted a $12.5 billion hedge fund.
advisorperspectives.comFor hedge funds, 2020 was a good year. All told, they earned $127 billion last year, and half of those returns were kept by the funds themselves. According to LCH Investments, a fund of funds that tracks returns, the world's 20 best-performing hedge funds earned a total of $63.5 billion for their clients.
24/7 Wall St.According to the Maine CDC's Tuesday update, the cumulative number of coronavirus (COVID-19) cases in Maine is now at 43,736 an increase of 142 since Monday. 34,634 of those cases are confirmed while 9,102 are deemed probable. There were two new deaths reported of an individual with COVID-19, bringing the total number of deaths to 660.
q1065.fmCOVID-19 cases at Franklin Pierce University's Rindge campus are dropping following a sharp spike that caused the university to issue a shelter-in-place order for students, which expired Monday. "We are seeing our active case numbers decrease, and provided this trend holds throughout the weekend, the Shelter-in-Place will expire on Monday, Feb.
Monadnock Ledger TranscriptHere's a story about the down side of SPACs. (Also: why metal cans are sexy)
FortuneThe top 25 hedge fund managers earned $32 billion last year, according to Institutional Investor's latest rankings. Today, Institutional Investor unveiled the 20th edition of its Rich List, one of the most watched rankings of hedge fund managers' performance. Every year, financial tycoons pore over the magazine's estimates of whose fortunes are up the most.
Slater has joined Drummond Knight, a hedge fund founded last year by Lindsay Taylor, who was a senior investor at Point72. Slater's new role is as a senior investment manager at Drummond Knight. The hedge fund is understood to be invested in assets including North American listed companies, and to employ an investment team of just four.
Financial StandardBetween Jan. 20 and Jan. 27, stock for GameStop (GME) rose from $39.12 to $347.51, an 888% increase. In a matter of days, hedge funds like D1 Capital Partners and Melvin Capital, which had short sold GameStop and AMC (which saw a similar rise) to a nearly obscene degree, found themselves grappling with heavy losses.
The AggieBlucora, Inc. (NASDAQ:BCOR) - William Blair issued their FY2022 earnings per share estimates for Blucora in a research report issued on Wednesday, February 17th. William Blair analyst C. Shutler forecasts that the information services provider will post earnings per share of $1.40 for the year. B
MarketBeatShares of Virtus Investment Partners, Inc. (NASDAQ:VRTS) have been assigned an average rating of "Buy" from the six research firms that are covering the company, MarketBeat Ratings reports. One research analyst has rated the stock with a hold recommendation and four have given a buy recommendation
MarketBeatNuVasive (NASDAQ:NUVA) was upgraded by Zacks Investment Research from a "sell" rating to a "hold" rating in a research report issued on Saturday, Zacks.com reports. The brokerage presently has a $59.00 target price on the medical device company's stock. Zacks Investment Research's target price suggests a potential upside of 3.00% from the company's current price.
MarketBeatKen Griffin, the billionaire CEO of hedge fund Citadel, defended his $2 billion investment in short seller Gabe Plotkin's Melvin Capital last month amid the height of the GameStop mania. "No, I think Gabe Plotkin is one of the finest investors of his generation," Griffin on Friday told CNBC's Andrew Ross Sorkin during Squawk Box.
Wall Street brokerages forecast that NuVasive, Inc. (NASDAQ:NUVA) will announce sales of $300.51 million for the current fiscal quarter, Zacks Investment Research reports. Eight analysts have provided estimates for NuVasive's earnings, with estimates ranging from $290.59 million to $314.46 million.
MarketBeatKadmon's cGVHD asset is Belumosudil. The molecule has shown a strong efficacy profile.
The House Financial Services Committee is calling several witnesses in a hearing Thursday, including individual investor Keith Gill, to find out what happened during the retail-investor-led run-up of GameStop Corp. The committee said the run-up raises questions about brokerage buying restrictions, payment for order flow, existing rules for shorting stocks, and anti-market-manipulation laws in the social-media era.
The Wall Street JournalMindMed is one of several companies experimenting with psychedelics to treat anxiety and addiction.
FortuneMacroGenics (NASDAQ:MGNX) was upgraded by Zacks Investment Research from a "sell" rating to a "hold" rating in a research note issued to investors on Thursday, Zacks.com reports. According to Zacks, "MacroGenics Inc. is a biopharmaceutical company. It is focused on discovering and developing innovative monoclonal antibody-based therapeutics.
MarketBeatIt seemed inevitable that the populist forces that have disrupted almost everything else in recent years would eventually arrive to democratize investing. But the sheer impact of retail trading has been shocking, primarily to financial professionals who appeared ill-equipped to deal with it.
Washington PostInvestment company Point72 Europe (London) LLP ( Current Portfolio) buys BTC iShares China Large-Cap ETF, Fifth Third Bancorp, U.S. Bancorp, LPL Financial Holdings Inc, Equitable Holdings Inc, sells JPMorgan Chase, Intercontinental Exchange Inc, Voya Financial Inc, Morgan Stanley, ManpowerGroup Inc during the 3-months ended 2020Q4, according to the most recent filings of the investment company, Point72 Europe (London) LLP.
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