Set your agenda. Asian equities retreat for a fourth day on more concerns over chinas economy. And after strong us retail sales, add doubt that the feds inflation fight is finished. Uk headline inflation set to take a step lower today, but the pressure is on for the bank of england after the hottest wage growth on record. Plus, the Worlds Largest owner of stocks rebounds thanks to investments in big tech. Well break down the numbers from norways 1. 4 trillion Sovereign Wealth Fund. Well, good morning. Welcome to wednesday and its risk off this morning as concerns about inflation and growth weigh on markets, us futures are flat this morning after the s p 500, the nasdaq and the Dow Jones Industrial average all ended just off session lows yesterday. Equities finally showing a bit of worry this off year after year had us retail sales coming in above forecasts, along with home depot earnings for that matter, underscoring consumer resilience and bolstering, therefore, the case for the fed t
Michael Burry Bets Against Cathie Wood s Ark, Adds To Tesla Puts
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by Tyler Durden
Monday, May 17, 2021 - 01:20 PM
Today is the deadline for 13F filings and while we already know what most of the marquee hedge funds have done during the quarter thanks to previously leaked investor letters (with the notable exception of the Soros Family Office which we learned over the weekend bought some $375MM of the Archegos shares liquidated by its prime brokers in late March), one filing was of particular interest, that of Scion Asset Management s Michael Big Short Burry. And boy were there surprises.
First, there is not even a trace of Burry s previous interest in Gamestop or any other Reddit stocks: it s safe to assume that all profits there were monetized long ago. In fact, a comparison to Burry s Q4 2020 13F reveals huge turnover, with just 8 of the fund s legacy 23 positions as of Dec 31 still on Scion s Books.
Temasek and Soros Invests in Einride
Posted on 05/07/2021
Einride AB is a Sweden-based developer and provider of electric and autonomous freight technology. The electric and self-driving vehicles known as Einride pods do not have a driver cabin. Einride raised US$ 110 million in a Series B funding round. Investors in the Series B round are Temasek Holdings, Soros Fund Management, Northzone, and Maersk Growth (venture unit of Maersk).
Einride’s customers include Coca-Cola Company and Electrolux.
Keywords: Soros Family Office.
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