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SumZero
SumZero is an online community for professional investors (collectively referred to as the " buyside"), which hosts investment research, job opportunities, and capital introduction services. Buyside professionals are granted membership per an application, where they must be on the research team at a hedge fund, mutual fund, private equity fund, or investment banking proprietary trading desk. SumZero is a closed, application-based community, which currently has over 16,000 buyside members and over 60,000 'Basic' users. Roughly 75% of buyside applicants for membership are rejected. Members gain access to SumZero's Research platform and approximately 12,000 long-form theses on publicly traded securities. SumZero's ancillary products include Cap Intro and Job Vault. History The site's co-founder and current CEO Divya Narendra came up with the idea for SumZero in April 2007, while working for the hedge fund Sowood Capital in Boston. Narendra and college friend Aalap Mahadevia subseq ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Divya Narendra
Divya Narendra (; born March 18, 1982) is an American businessman. He is the CEO and co-founder of SumZero along with Harvard classmate Aalap Mahadevia. He also co-founded HarvardConnection (later renamed ConnectU) with Harvard University classmates Cameron Winklevoss and Tyler Winklevoss. Early life and education Divya Narendra was born in the Bronx, New York and raised in Bayside, Queens, the eldest son of immigrant doctors from India, Sudhanshu Narendra and Dharamjit Narendra Kumar, of Sands Point, New York. Narendra graduated from Townsend Harris High School in Flushing, Queens before attending Harvard University in 2000, from which he graduated in applied mathematics in 2004. SumZero SumZero is an investment community founded by Divya Narendra and Aalap Mahadevia. ConnectU ConnectU (originally Harvard Connection) was a social networking website launched on May 21, 2004, that was founded by Harvard students Cameron Winklevoss, Tyler Winklevoss, and Narendra in Decembe ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Angel Investor
An angel investor (also known as a business angel, informal investor, angel funder, private investor, or seed investor) is an individual who provides capital for a business or businesses start-up, usually in exchange for convertible debt or ownership equity. Angel investors usually give support to start-ups at the initial moments (where risks of the start-ups failing are relatively high) and when most investors are not prepared to back them. In a survey of 150 founders conducted by Wilbur Labs, about 70% of entrepreneurs will face potential business failure, and nearly 66% will face this potential failure within 25 months of launching their company. A small but increasing number of angel investors invest online through equity crowdfunding or organize themselves into angel groups or angel networks to share investment capital, as well as to provide advice to their portfolio companies. Over the last 50 years, the number of angel investors has greatly increased. Etymology and origin T ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Family Office
A family office is a privately held company that handles investment management and wealth management for a wealthy family, generally one with at least $50-$100 million in investable assets, with the goal being to effectively grow and transfer wealth across generations. The company's financial capital is the family's own wealth. Family offices also may handle tasks such as managing household staff, making travel arrangements, property management, day-to-day accounting and payroll activities, management of legal affairs, family management services, family governance, financial and investor education, coordination of philanthropy and private foundations, and succession planning. A family office can cost over $1 million a year to operate, so the family's net worth usually exceeds $50-$100 million in investable assets. Some family offices accept investments from people who are not members of the owning family. It came to light during the 2021 implosion of Archegos Capital Management ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Lucara Diamond
Lucara Diamond Corp. is a diamond exploration and mining company, founded in 2009 by two Canadian mining executives, Eira Thomas, Catherine McLeod-Seltzer and Swedish-Canadian mining billionaire Lukas Lundin, operating in Southern Africa but established in Canada. In November 2015, Lesedi La Rona, the world's second largest gem-quality diamond ever found, was found at the Karowe mine in Botswana. Operations Lucara owned a 40% share of the AK6 kimberlite project (now the Karowe mine) in Botswana. In October 2010, Lucara bought African Diamonds, giving it a 100% share in the mine. The mine has an estimated $US2.2 billion of diamonds. AK6 is in the Orapa/Letlhakane district. Other operations include the Mothae diamond project in Lesotho, where kimberlite processing began in June 2010, and where a 53.5 carat diamond has already been discovered; the Kavango project in Namibia; and planned mines and applications for mining licenses in Zimbabwe, Cameroon, and Botswana. Noted ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Long/short Equity
Long/short equity is an investment strategy generally associated with hedge funds. It involves buying equities that are expected to increase in value and selling short equities that are expected to decrease in value. This is different from the risk reversal strategies where investors will simultaneously buy a call option and sell a put option to simulate being long in a stock. Overview Typically, equity long/short investing is based on "bottom up" fundamental analysis of the individual companies, in which investments are made. There may also be "top down" analysis of the risks and opportunities offered by industries, sectors, countries, and the macroeconomic situation. Long/short covers a wide variety of strategies. There are generalists, and managers who focus on certain industries and sectors or certain regions. Managers may specialize in a category — for example, large cap or small cap, value or growth. There are many trading styles, with frequent or dynamic traders and some ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
The Royce Funds
Royce Investment Partners is a family of mutual funds that focuses primarily on small-cap investing, and has been considered one of the industry's most experienced smaller-company stock pickers. Royce & Associates, LLC serves as investment adviser to all Royce portfolios, including open-end mutual funds and closed-end funds. Royce uses a bottom-up approach to invest in small-cap and micro-cap stocks. History Charles M. Royce assumed investment management of Pennsylvania Mutual Fund when he purchased Quest Advisory Corp. in 1972. (The firm's name was changed to Royce & Associates in 1997.) Royce, who has been described as a "small-company stock pioneer" by American business journalist Consuelo Mack, enjoys one of the longest tenures of any active mutual fund manager. After assuming management of Pennsylvania Mutual Fund, Royce began to shift his focus toward small-cap stocks that he believed were able to generate free cash flow and better survive down-market periods. This emphas ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Bloomberg Tradebook
Bloomberg Tradebook, LLC., the agency broker of Bloomberg L.P., serves global investment advisors, money managers, hedge funds, proprietary desks and broker dealers, with access to global trading venues, proprietary trading algorithms, execution consulting services, pre-and-post trade analytics and independent research. Through a trading platform integrated with the Bloomberg Professional service, Bloomberg Tradebook provides its customers with direct market access to more than 110 markets and global trading solutions for equities, futures, and options across 44 countries, as well as 43 currency pairs. Tradebook offers over 55 proprietary algorithms designed for each asset class and market. History Bloomberg Tradebook was founded in 1996 by Kevin Foley as an electronic communication network (ECN) and an alternative trading system (ATS) for U.S. equities. In 1999 Tradebook began offering electronic trading for Asian equity markets and in 2000 the European equity markets became av ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Institutional Investor (magazine)
''Institutional Investor'' magazine is a periodical published by Euromoney Institutional Investor. It was founded in 1967 by Gilbert E. Kaplan. A separate international edition of the magazine was established in 1976 for readers in Europe and Asia. History Capital Cities Communications purchased the magazine in early 1984. The Walt Disney Company bought Capital Cities in 1996 and sold the magazine to Euromoney one year later. ''Institutional Investor'' has offices in New York City, London and Hong Kong Hong Kong ( (US) or (UK); , ), officially the Hong Kong Special Administrative Region of the People's Republic of China ( abbr. Hong Kong SAR or HKSAR), is a city and special administrative region of China on the eastern Pearl River Delt .... In 2018, Institutional Investor became digital only. In March 2021, it was announced that Diane Alfano, the CEO of Institutional Investor, would be stepping down effective June 30, 2021. Alfano has worked at Institutional Investo ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Business Insider
''Insider'', previously named ''Business Insider'' (''BI''), is an American financial and business news website founded in 2007. Since 2015, a majority stake in ''Business Insider''s parent company Insider Inc. has been owned by the German publishing house Axel Springer. It operates several international editions, including one in the United Kingdom. ''Insider'' publishes original reporting and aggregates material from other outlets. , it maintained a liberal policy on the use of anonymous sources. It has also published native advertising and granted sponsors editorial control of its content. The outlet has been nominated for several awards, but is criticized for using factually incorrect clickbait headlines to attract viewership. In 2015, Axel Springer SE acquired 88 percent of the stake in Insider Inc. for $343 million (€306 million), implying a total valuation of $442 million. In February 2021, the brand was renamed simply ''Insider''. History ''Busi ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
David Einhorn (hedge Fund Manager)
David M. Einhorn (born November 20, 1968) is an American investor and hedge fund manager. He is the founder and president of Greenlight Capital, a "long-short value-oriented hedge fund". Born in New Jersey, Einhorn graduated from Cornell University, before starting Greenlight Capital in 1996. Over the next decade, the fund experienced annualized returns of 26%, far better than the market. Greenlight Capital's assets under management decreased from approximately US$12 billion in 2014 to about $5.5 billion as reported in July 2018 as the fund was down 11.3% from 2014 through the end of 2017, and a further 34% in 2018. He has received extensive coverage in the financial press for his fund's performance, his investing strategy and his positions. Lindgren, Hugo (June 15, 2008)"The Confidence Man" ''New York''. Einhorn was included in ''Time'' magazine's ''Time'' 100 list of "100 most influential people in the world" in 2013. According to Investopedia, his net worth was around US ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Bill Ackman
William Albert Ackman (born May 11, 1966) is an American billionaire investor and hedge fund manager. He is the founder and CEO of Pershing Square Capital Management, a hedge fund management company. His investment approach makes him an activist investor. , Ackman's net worth was estimated at $2.8 billion by ''Forbes''. Early life and education Ackman was raised in Chappaqua, New York, the son of Ronnie I. (née Posner) and Lawrence David Ackman, the former chairman of a New York real estate financing firm, Ackman-Ziff Real Estate Group. He is of Ashkenazi Jewish descent. In 1988, he received a Bachelor of Arts degree ''magna cum laude'' in social studies from Harvard College. His thesis was "Scaling the Ivy Wall: the Jewish and Asian American Experience in Harvard Admissions." In 1992, he received an MBA from Harvard Business School. Career Gotham Partners In 1992, Ackman founded the investment firm Gotham Partners with fellow Harvard graduate David P. Berkowitz. The firm mad ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Fast Money (CNBC)
''Fast Money'' is an American financial stock trading talk show that began airing on the CNBC cable/satellite TV channel on June 21, 2006. Beginning October 10, 2007, it was broadcast every weeknight at 5pm ET, one hour after the close of trading on the New York Stock Exchange, until mid-2011 when it was moved to just four nights per week, Monday through Thursday, to make room for special option and currency trading shows on Friday evenings. On March 22, 2013, it returned to the Friday night slot as a half-hour show, followed by the ''Options Action'' half-hour show. The show originates from the NASDAQ MarketSite in New York City. Program format Melissa Lee anchors a fast-paced discussion among four professional Wall Street traders. The group discusses various investment strategies, including technical analysis, and debate the merits of each other's arguments for or against a particular stock or sector. The show covers topics such as options trading, commodities, and exchange- ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
