The high-profile founder of a hedge fund boasting a 30-year history of success said he’s shorting IBM (IBM) shares in a bet against the company’s ability to transition its offerings to cloud-based technology.
Activist hedge fund Elliott Associates, which owns about 10.4 percent of WAN optimization and performance management vendor Riverbed Technology (RVBD), on Jan. 8 bid $3.08 billion, or $19 a share, to buy out the company.
David Einhorn, a hedge fund manager worth north of a billion dollars, isn't bullish on technology stocks. In a letter to his investors sent today, Einhorn called the current market environment regarding technology companies the "second tech bubble in 15 years." Read More
Dude at 32 had a cushy job at Microsoft making decent bank, good benefits etc.., decides to go into Insider trading so he can afford to send his kids to fancy kindergarden school. The idiot decides to trade OTM options before expiration on earnings days.
Foundry Group has raised a fourth fund, called Foundry Group Select. This new fund is $225 million (the same size as Foundry's previous funds), but has a much different focus.
This fund is purely for late-stage growth rounds in Foundry's existing portfolio companies. The firm says it will invest up to $25 million into companies that Foundry has backed through its previous funds.
Sliced Investing today launched a tool to connect accredited investors who previously couldn’t meet the required minimum investment, to hedge funds.
You won’t be able to use Sliced to drop $1,000 into a hedge fund, but its service should allow qualified investors to deploy low five-figure sums into hedge funds that previously had mid-range six-figure minimums. Read More
Foundry Group, an early investor in Zynga, Jiraffe, Awe.sm, Modular Robots, and many more, has today announced that it has closed another $225 million fund. The news was announced in a blog post, which founders Jason Mendelson, Brad Feld, Seth Levine and Ryan McIntyre note was the exact same one it used to announced its last fund, also for $225 million.
Multi-billion dollar hedge fund investor Coatue is getting a new, heavy-hitting talent with the addition of former Goldman Sachs investment banker Anthony Noto, TechCrunch can confirm. News of the move by the former global co-head of technology, media, and telecommunications at Goldman Sachs to the hedge fund investor was first reported by ReCode.