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Hedge Fund and Insider Trading News: Crispin Odey, Paul Singer, Nelson Peltz, Saba Capital Management, Renaissance Technologies, Mason Capital, Petco Health and Wellness Company Inc (WOOF), and More

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Why is Coinbase stock so popular?


Cryptocurrency exchange Coinbase made its long-awaited stock market debut on 14 April, selling its shares to the general public for the first time on the Nasdaq exchange.
The company’s stock soared past Nasdaq’s $250 reference price to open at $381 per share. The stock then rose to a high of $429.54 before falling back to close the day at $328.28, giving the company a valuation of $85.8 billion.
Across many brokerages, it was one of the most traded stocks, as investors scrambled for a piece of the action. But why exactly is Coinbase stock so popular? We take a look.
What is Coinbase?
Coinbase is a US cryptocurrency exchange that allows customers to trade a vast range of digital assets or cryptocurrencies. ....

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Interview: Ambitious plans for growth of funds at Amundi Ireland


For much of the last year, David Harte and his team at Amundi Ireland have managed the billions of euro of investment assets in their care from their kitchen tables.
But being away from their high rise office at Dublin’s Georges Quay certainly has not dented their ambition.
Its new Irish retail business, launched in 2020, has already taken in €1bn of new investment assets. Harte now believes it will have €3bn under management after its first three years, rather than the €2bn he had targeted.
And that is just one part of a plan to grow the Irish business and build its importance within the wider French-headquartered Amundi operation, which has €1.7trn assets under management (AUM). The Irish arm employs 350 staff with €43bn of AUM. Both figures are set to grow, says Harte. As Irish CEO he runs an operation managing assets for everyone from individual investors seeking green-friendly funds to huge institutional clients such as its management of part of the NT ....

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