FinTech news in hedge fund category
His good timing only cemented the legend of Robertson, who just passed away at age 90 of cardiac complications, according to his spokesman, but who, until he was 67, led Tiger Management, one of the best-known funds in the 70-year-old hedge fund industry. (In addition to Robertson’s own family foundation and Tiger Foundation, a nonprofit that says it has provided more than $250 million in grants to organizations working to break the cycle of poverty in New York City, Robertson in 2017 signed the Giving Pledge, which asks participants to give at least half of their wealth away.) One of those appreciative protégés is Coatue founder Philippe Laffont, who spent three years working for Robertson before striking out on his own in 1999 with a reported $45 million and who, unlike Robertson, had a penchant for tech companies. Another of Robertson’s famous mentees is Chase Coleman, who worked as an investment analyst at Tiger Management for nearly four years before the hedge fund wound down.
A group of Voyager Digital customers filed a class-action suit in Florida federal court against Cuban as well as the basketball team he owns, the Dallas Mavericks, alleging their promotion of the crypto platform resulted in over 3.5 million investors losing $5 billion collectively.
Delphia’s data token model will function as a decentralized autonomous organization (DAO), votes for which are tied to its ERC-20 token that data-providing users receive for sharing their information.
Its target investors are similar to those participating in crypto, Auslander said — retail investors, collectible lovers, and people who are fans of events like the Met Gala or the Oscars who not only read editorial coverage of those events but also want to participate in the ownership of related assets.
Vinik’s experience in the hedge fund world has informed Equi’s data-driven approach to investment management and risk assessment; the portfolio team leverages Equi’s in-house technology to help them identify and structure deals with fund managers, Reiss said.