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Daniel Benchimol thought it was worth a shot. He had nothing to lose. Shortly after founding the Highlights App in 2021, Benchimol applied to Techstars…
Locked down, locked in, many of us have had time to read more books than ever before. Readers, passionate about their own favourite books, are curious to know what writers have been reading during this bleak and lonely period. What was already on their shelves, what did they borrow, buy or read...
Lighthouse Partners, a $13.1 billion fund of funds, pulled the entirety of its capital from a volatility arbitrage hedge fund mere weeks before the strategy was likely set to pay off in March 2020. According to multiple sources, DeepBlue Asset Management — founded by Daniel Benchimol in 2019 – had been seeded, via a separately managed account, with approximately $150 million of Lighthouse’s money. But in late February 2020, the tail-risk manager saw assets decline by over 10 percent in a matter of days. By mid-March, Lighthouse had instructed Benchimol to liquidate the separately mana...