1 Artificial Intelligence (AI) Growth Stock “Big Short” Investor Michael Burry Is Buying Hand Over Fist (The Motley Fool)
Michael Burry predicted the subprime mortgage crisis that preceded one of the worst market crashes in history, and he recently took a large position in this growth stock. Michael Burry is best known for predicting the subprime mortgage crisis that preceded the Great Recession. Lax lending standards and low interest rates led to a housing boom in the early 2000s, but many subprime borrowers eventually defaulted on their debt and the housing market collapsed in 2008, wiping away trillions of dollars in mortgage-backed securities. That forced many financial institutions into bankruptcy, and fallout from the crisis led to one of the most devastating stock market crashes in history.
Nordic Hedge Award – The Most Wonderful Time of the Year (A Summary) (Hedge Nordic)
Stockholm (HedgeNordic) – For us at HedgeNordic, the Nordic Hedge Award is always the highlight of the year. It’s a special occasion where the Nordic hedge fund community comes together in Stockholm to celebrate outstanding talent and achievement. This is a casual, old-school event in a friendly environment, providing an opportunity to reconnect with old friends while making new ones. Laughter, handshakes, and shared war stories from battling markets create a unique camaraderie among peers, competitors, and partners.
Unlimited Raises $8 Million Series A To Continue Making Alternative Investment Strategies Available to All Investors (Globenewswire)
Unlimited, a new investment firm that gives all investors exposure to the alpha-generating potential of alternative investment strategies without the high fees and adverse tax implications of typical fund structures, announced today that it has raised $8 million in Series A financing led by FirstMark and Citi Ventures, including previously unannounced convertible notes led by Material. The Series A round will allow Unlimited to continue developing and launching new low-cost alternative strategy-tracking ETFs that use proprietary return replication technology to track global macro, long-short equity, and lower beta strategies. Unlimited will also build out its sales and distribution teams as part of its next phase of growth. The new products that Unlimited plans to introduce will all work in service of the firm’s central mission: to offer individual investors access to the returns of sophisticated investment strategies at a lower cost than traditional limited partnerships, with greater transparency and liquidity. Bob Elliott, the CEO and Chief Investment Officer of Unlimited and a former member of the Investment Committee at Bridgewater Associates, Bruce McNevin and Matt Salzberg co-founded New York-based Unlimited.
Source: pexels
Ken Griffin’s Ex Outed Tucker Carlson As Racist, Misogynist (DealBreaker)
It didn’t take long after reaching a nearly-$800 million settlement for lying about voter fraud for Fox News to part ways with star demagogue Tucker Carlson, who like everyone else at the network didn’t believe a word of what they were spewing about Dominion Voter Systems or any other election-management issues. And it didn’t take long after that to have a pretty good idea as to why, for not only was Carlson internally calling bullshit on all of former President Donald Trump’s stolen-election nonsense, he was also spouting racism and misogyny wherever he went.
SEC Agrees $35M Settlement with Fraudulent Digital Asset Hedge Fund EmpiresX (Coin Geek)
The U.S. Securities and Exchange Commission (SEC) has settled with digital asset hedge fund EmpiresX, whereby the defunct company agreed to pay $34,839,951 in disgorgement over charges of defrauding investors and violating Securities law. Last June, the SEC announced fraud charges against EmpiresX, its co-founders Emerson Sousa Pires and Flavio Mendes Goncalves, and its “head trader” Joshua David Nicholas. The defendants were accused of “luring investors with false claims of one percent daily profits, but instead misappropriated large sums of investors’ money for personal uses.”
