Apr 22 2021, 2:45 AM
April 21 2021, 7:32 PM
April 22 2021, 2:45 AM
(Bloomberg) It was the kind of moment that would normally sink a hedge fund: Dan Sundheim was on Zoom, apologizing to clients for losing $4 billion in a single month. He ticked off strategy changes, noted he wasnât going to dock his teamâs pay and then headed back to work.
(Bloomberg) It was the kind of moment that would normally sink a hedge fund: Dan Sundheim was on Zoom, apologizing to clients for losing $4 billion in a single month. He ticked off strategy changes, noted he wasnât going to dock his teamâs pay and then headed back to work.
Sundheim’s D1 Shakes Off Its $4 Billion Reddit-Fueled Fiasco
Bloomberg 1 hr ago Hema Parmar and Katherine Burton
(Bloomberg) It was the kind of moment that would normally sink a hedge fund: Dan Sundheim was on Zoom, apologizing to clients for losing $4 billion in a single month. He ticked off strategy changes, noted he wasn’t going to dock his team’s pay and then headed back to work.
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Now, mere weeks later, the episode is behind him.
Sundheim has recouped about 90% of what he lost in January when retail investors attacked his short bets on the likes of GameStop Corp. That recovery has put his D1 Capital Partners back into one of the most rapid ascents ever seen in money management. His presentation that February day fit what investors have come to expect from the 44-year-old billionaire unemotional yet sincere, supportive of his 51-member team, and unfazed by risk attributes they say helped him amass $20 billion in less than three
NASA Declares SpaceX Rocket Safe For Upcoming Astronaut Launch Apr 20, 2021 10:19 EDT
Officials from the National Aeronautics and Space Administration (NASA) and Space Exploration Technologies Corp. (SpaceX) have finished the final steps of reviewing the company s rocket and spacecraft for an upcoming mission to the International Space Station (ISS). The mission is officially dubbed as SpaceX Crew-2 by NASA, and it will fly astronauts Akihiko Hoshide of the Japan Aerospace Exploration Agency (JAXA), Megan McArthur and Shane Kimbrough of NASA and Thomas Pesquet of the European Space Agency (ESA) to the orbiting space laboratory.
Following the launch readiness review in the early morning hours today, NASA s Commercial Crew Program Manager Mr. Steve Stich and SpaceX s senior director for Human Spaceflight Mr. Benjamin Reed joined other officials from NASA, JAXA, ESA and the United States Space Force for a press conference. During the conference, the NASA official and Mr. Reed pr
NASA selects SpaceX to fly astronauts to the moon - Orlando Business Journal bizjournals.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bizjournals.com Daily Mail and Mail on Sunday newspapers.
Bitcoin Flash Crash Due to Market Overreaction to Non-issue, Analyst Says
On 4/19/21 at 2:30 PM EDT
Bitcoin plunged nearly 20% less than a week after reaching a new high as automatic sell orders kicked in, deepening the downturn and underscoring the cryptocurrency s volatility.
Sunday s flash crash, similar to wild computer-driven swings in the stock market, did no lasting harm, and Bitcoin s price quickly made up some of the loss. A power outage in the Xinjiang region of China where a significant portion of Bitcoin mining takes place caused a very sudden dip in the global hashrate which, in turn, caused transactions to back up and fees to rocket temporarily, Jason Deane, Bitcoin analyst at Quantum Economics, London, told