Hedge Funds—And The Dead Black Swan (Forbes)
The concept of the black swan is dead. Events we never imagined are happening—and in multitude. COVID, the January 6 Capitol riot, the Ukraine invasion, and the high-impact list just goes on…. The term “black swan” was popularized by Nassim Taleb in 2007, just before the 2008 Financial Crisis. He argued outlier black swan events are impossible to predict because of their extreme rarity, yet have catastrophic consequences. He further advised we must all assume a black swan event is possible and try to be ready—for investors, portfolio diversification may offer some protection when these outlier black swan events occur.
Following over 10x Performance of its First Fund, at.inc/ — The Seed Fund That Partners With Founders “At Incorporation” (Formerly Known as Tank Hill Ventures) — Raises Oversubscribed $35M Fund II (TMCnet News)
SAN FRANCISCO, March 24, 2022 /PRNewswire/ — at.inc/ today announced it has closed on an oversubscribed $35 million Fund II to double down on its fund strategy of investing globally in founders “at incorporation” and backing them all the way with flexible capital from its influential limited partner network. In this new fund Nadav Eylath is partnering with 20+ year high school friend Roni Bonjack to combine his proven track record leading seed rounds with Roni’s operational expertise in building and scaling startup programs for Google and Facebook globally. Bonjack was the person who scaled Google Launchpad from a pilot to a global program. She also led Developer and Startup Programs for Facebook, where she’s built accelerators in five countries throughout EMEA. The fund is backed by LPs that include founders of the top performing VCs, priate equity, hedge, and secondary funds in the US, as well as corporate executives, and founders of unicorns that at.inc/ has backed since inception.
Nielsen Rejects $8.5 Billion Takeover Bid: But Why, Investors Must Ask (Forbes)
Nelsen Holdings LLC rejected an offer from a group of hedge funds and other investors, including an existing shareholder Elliott Management on March 21. WindAcre Partnership LLC, another investor in Nielsen, said it would be opposed to the takeover and said the intrinsic value of the company was higher than the $25.40/share bid, although it did not submit its own offer and the stock has fallen to $23.23, 8.5% below the offer, implying investors think a higher bid is unlikely.
Thursday 3/24 Insider Buying Report: ASPN, GME (Nasdaq.com)
At Aspen Aerogels, a filing with the SEC revealed that on Tuesday, Director Robert M. Gervis purchased 135,870 shares of ASPN, at a cost of $33.12 each, for a total investment of $4.50M. So far Gervis is in the green, up about 14.9% on their buy based on today’s trading high of $38.04. Aspen Aerogels is trading up about 10.4% on the day Thursday. This buy marks the first one filed by Gervis in the past twelve months. And at GameStop, there was insider buying on Monday, by Director Lawrence Cheng who purchased 4,000 shares for a cost of $95.84 each, for a total investment of $383,355. GameStop is trading down about 7.9% on the day Thursday. Cheng was up about 43.1% on the purchase at the high point of today’s trading session, with GME trading as high as $137.11 in trading on Thursday.
This Fort Worth Pair has a Passion to ‘Revolutionize’ Crypto with a Hedge Fund and $25M Goal (Biz Journals)
Two Fort Worth investors launched Verterent Capital this year to take advantage of the digital asset space as the volatile industry becomes more common globally. Jared George and Paul Hellman founded the firm focused on four sectors of cryptocurrency: decentralized finance (DeFi), decentralized exchanges (DEX), assets offering a store of value like Bitcoin and payment rails.
ZoomInfo And 2 Other Stocks Sold By Insiders (Benzinga)
ZoomInfo Technologies: The Trade: ZoomInfo Technologies Inc. (ZI) 10% owner Carlyle Holdings I LP sold a total of 272,390 shares at an average price of $58.90. The insider received around $16.04 million from selling those shares. Squarespace: The Trade: Squarespace, Inc. (SQSP) 10% owner Index Venture Growth Associates I Ltd sold a total of 2,410,534 shares at an average price of $26.15. The insider received around $14.59 million from selling those shares.
