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.
All the talk of a bubble isn’t slowing down public interest in technology shares. Today, Apple, TubeMogul and Arista Networks set new record highs. TubeMogul and Arista both recently went public.
Other firms, like Microsoft are trading near local maximums.
Hedge Fund Industry is a standout amongst the most difficult industry these days. They are known for being a commentator and asking inconceivable rationale question. In this industry financial information is essential. So if at any time a candidate is welcomed for a meeting, his insight should likely be sufficient to answer all unimaginable rationale inquiries and critical thinking.
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