Core Insights - The GameStop stock experienced a significant surge in early 2021, driven by retail investors on social media platforms, particularly Reddit's r/wallstreetbets, which led to a short squeeze that affected hedge funds heavily shorting the stock [1][3][5]. Group 1: Company Overview - GameStop is a video game retailer that faced challenges due to the rise of digital gaming and reduced foot traffic during the COVID-19 pandemic [2]. - Hedge funds, including Melvin Capital, initiated short positions on GameStop's stock, anticipating further declines in its value [2]. Group 2: Market Dynamics - In January 2021, retail investors began purchasing GameStop shares and call options, influenced by social media discussions, which resulted in a dramatic price increase and put short sellers at risk of a short squeeze [3][5]. - The stock price skyrocketed from $2.5 in April 2020 to $483 by January 28, 2021, even exceeding $500 in pre-market trading on that day [5]. Group 3: Trading Restrictions - On January 28, 2021, Robinhood Markets halted the buying of GameStop shares, allowing only the closing of existing positions, which led to a significant drop in the stock price by over 40% [6][7]. - This decision drew criticism from public figures, including Rep. Alexandria Ocasio-Cortez, who highlighted the disparity in trading freedom between retail investors and hedge funds [8].

Group 1 - Galaxy Digital is planning to launch a new hedge fund focused on trading digital assets and related stocks, with an initial size of $100 million set to start in the first quarter of this year [1][2] - The fund's strategy allows for investments in both rising and falling market conditions, allocating approximately 30% of the fund into crypto tokens such as Bitcoin, Ether, and Solana, while the remaining capital will be invested in financial services stocks related to digital asset technology and policy shifts [2] - The fund has secured $100 million from family offices, wealthy individuals, and a small group of larger firms, with Galaxy also making a seed investment in the fund [2] Group 2 - Galaxy Digital, founded in 2017, operates crypto-focused banking and asset management units and is the 17th largest corporate holder of Bitcoin, holding 6,894 BTC [3] - The launch of the new fund coincides with a downturn in the broader crypto market, where Bitcoin has dropped about 29% from its October peak of $126,198 [4] - Currently, Bitcoin is trading below the key $90,000 level, down approximately 5.7% over the past week, resulting in a loss of $160 billion in market capitalization, while Galaxy aims to target volatility rather than waiting for a price rebound [5]

hedge fund manager as a servicethis idea has been tried a bunch of times but never workedfrom first principles: the social status dopamine hit you get from saying "hey I run a successful fund" seems insane to meyou can make a living by tokenizing some basket of investments and ppl can opt in based on your brand, reputation or just your results (which are clearly onchain)you likely have to add some limiting constraints to make it interesting like the manager being able to change asset selection only once per ...

Business Model & Investment Strategy - The company operates like a real estate fund, acquiring brand new luxury handbags such as Birkins and Kellys to build a portfolio [1] - The company employs a portfolio construction methodology, focusing on fast-flipping "breadandbut" bags [1] - The company trades handbags, sourcing them from the resale market rather than directly from Hermes [3][4] Sales Channels - The company sells handbags on digital marketplaces like Sbee's first dibs, my Gemma, and through Christies auctions [1] - The company also sells handbags through real-life experiences, capitalizing on the demand for Hermes and handbag education [2] Market Trends & Consumer Behavior - There is significant pent-up supply in the resale market for a wide range of handbags, from brand new to "beater bags" [4] - Generational preferences vary, with Gen Z showing interest in "beater bags" [4] - A bag sells every 48 hours [4]

Following a rocky multi-year stretch, the Connecticut-based hedge fund manager — famous for publicly breaking down its ideas with evangelical zeal — has found its groove https://t.co/wJEiMiZlQm ...

Shiprock Capital Management, which specializes in distressed debt and special situations trading, is preparing to launch a new hedge fund next year https://t.co/Cw4mD3Ye4c ...

Millennium Management has backed two more external managers with more than $3 billion in combined capital, the latest in a series of recent allocations by the hedge fund giant https://t.co/jG2x5we7Hu ...

While hedge-fund manager Bill Harnisch's peers diversified their bets across Big Tech and macro trades, he packed more than 90% of his long book into just three stocks https://t.co/D0jbgoCeZT ...

Dmitry Balyasny’s hedge fund is expanding its presence in the UAE with an outpost in Abu Dhabi, joining money managers doubling down on the region’s growing clout https://t.co/CZemdc1Oxu ...

Man Group, the world’s largest publicly-traded hedge fund, is expanding to Abu Dhabi, joining a growing number of asset managers and traders setting up in the region https://t.co/WuQ5lLsaut ...