• Ethan Allen, Virgin Galactic rise; First Republic, Xcel fall

    5 days ago - By Chron

    NEW YORK - Stocks that moved heavily or traded substantially Thursday:
    First Republic Bank, down $3.21 to $158.04.
    The private banking and wealth management company reported surprisingly good fourth-quarter financial results.
    Virgin Galactic Holdings Inc., up $5.47 to $33.03.
    Ark Investment Management plans to start an exchange traded fund focused on space exploration and innovation.
    Nordstrom Inc., up 44 cents to $38.02.
    The department store reported a sharp decline in sales during the holiday shopping season.
    AeroVironment Inc., up $29.12 to $125.29.
    The drone maker is buying Arcturus...
    Read more ...

     

  • At $6 billion Schonfeld Strategic Advisors, humans outperformed the machines in 2020 as the firm raised money for its stock-pickers

    At $6 billion Schonfeld Strategic Advisors, humans outperformed the machines in 2020 as the firm raised money for its stock-pickers

    5 days ago - By Business Insider

    Summary List Placement In a reflection of the overall industry's 2020, the humans at $6 billion Schonfeld Strategic Advisors outperformed the machines.
    Schonfeld's $2.3 billion Fundamental Equity fund, which includes dozens of stock-trading teams but no quant strategies, made 14.% in 2020 thanks to a 4.4% return in December, according to a fact sheet the firm sent to investors seen by Insider. The only month the fund lost money was in March, when it fell by 4.3%.
    This performance beats Schonfeld's flagship fund, the Strategic Partners fund, which runs nearly $4 billion. That fund returned...
    Read more ...

     

  • Tiger Global is raising a new $3.75 billion venture fund, one year after closing its last

    5 days ago - By Tech Crunch

    According to a recent letter sent to its investors, Tiger Global Management , the New York-based investing powerhouse, is raising a new $3.75 million venture fund called Tiger Private Investment Partners XIV that it expects to close in March.
    The fund is Tiger's 13th venture fund, despite its title - the partners might be superstitious - and it comes hot on the heels of the firm's 12th venture fund, closed exactly a year ago, also with $3.75 billion in capital commitments.
    A spokesperson for the firm declined to comment on the letter or Tiger's broader fundraising strategy when reached...
    Read more ...