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Amid Mispricing Investigation, Investors Reveal Their Near Misses With Infinity Q

Two allocators at financial advisory firms who spoke with Institutional Investor said they had considered investing in Infinity Q, but because of timing or their risk analysis, they ended up deciding against it.ย ย  On Monday, Infinity Q gated some of its funds and announced it is liquidating certain portfolios after learning from the Securities and Exchange Commission that its chief investment officer, James Velissaris, had been altering its pricing models. A statement on the firmโ€™s website...
Darin Tuttle James Velissaris Exchange Commission Infinityq Capital Management Institutional Investor Pacific Capital

The Triumph of Dumb Money

Tiger King, and trading turnips on Animal Crossingโ€™s Stalk Market no longer has the same thrill.ย ย  Your phone pings. A friend has sent you a free stock on an app called Robinhood. You sign up. Flush with larger-than-usual unemployment checks and incentivized by zero-commission trades and endless in-app bells and whistles, you begin to trade. And trade. And trade. Your latest buy? GameStop. For thousands of Americans last year, a version of this scene played out, sparking a retail investmen...
United States Alex Kearns Richard Smith Darin Tuttle Alexander Wagner Stefano Ramelli

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