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The Empowering Legacy of a Young Athlete

The Empowering Legacy of a Young Athlete
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Sports Tech Startups Are Gathering In Indianapolis For Techstars Accelerator

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… ....

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Fund-of-Funds Lighthouse Partners Pulled the Plug on a Vol Bet Weeks Before It Would Have Paid Off


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 managed account.
But had the firm let the DeepBlue strategy run, sources say the payoff could have neared $750 million within weeks as markets cratered. ....

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