Billionaire Daniel Loeb Bets on Covid Vaccine Arriving this Year, Here’s What it Means for Your Equity Portfolios (FNLondon.com)
Billionaire hedge fund titan Daniel Loeb is prepping clients for a potential coronavirus vaccine as soon as the end of 2020. “We have spent significant time with scientific experts to better understand evolving treatments and vaccines, and have confidence that several will be effective and available later this year,” the hedge fund manager said in a 6 August investor letter seen by Financial News. Loeb said in the letter that a vaccine or medicine for Covid-19 “should lead to the next phase of market recovery in coronavirus‐affected companies.”
Allegedly Sexual Deviant Crispin Odey Definitely A Racist, Ghoul (Deal Breaker)
If you were a hedge fund manager facing serious allegations of sexual assault, you might think you’d have more important things to do than pontificating on matter macroeconomic to a journalist. Making plans for a decade in prison, perhaps, or ensuring that your deified chickens do not want from your absence. Then again, you probably also thought that Crispin Odey couldn’t do anything to make himself even more unlikeable.
15 Books Billionaire Investor Ray Dalio Says You should Read to Understand Today’s World and Lead a Fulfilling Life (Business Insider)
Billionaire investor Ray Dalio is known for his “principles” on everything from power dynamics to calling for “reform capitalism” in America. He authored a best-selling book, “Principles: Life and Work,” which elaborates on his core philosophies and the lessons throughout a more than 40-year career — from building the world’s largest hedge fund to now passing on what he’s learned. Dalio draws inspiration from more than just his own ruminations. He’s fond of reading and scouring through interviews, and he’s often vocal about turning to books for advice.
Pro VC Health Pulse: Point72 Targets Health-Care Startups; Biofourmis Raises $100 Million Financing Led by SoftBank; Covid Vaccine Watch (The Wall Street Journal)
Point72 Targets Health-Care Startups Good day. Point72 Ventures, the venture investment vehicle funded by billionaire hedge-fund manager Steven Cohen, is creating a new team that will deploy roughly $300 million into health-care startups over the next three years, according to Scott Barclay, who joined the firm to helm the effort.