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Timely GameStop Sale Lifts Senvest Hedge Fund to 60% Return

(Bloomberg) A hedge fund that was one of GameStop Corp.’s top shareholders gained about 60% in the first two months of the year after selling its stake during the retailer’s Reddit-fueled surge.Senvest Management LLC’s Senvest Master Fund LP returned 15.3% in February, according to a preliminary estimate published by Montreal-based Senvest Capital Inc., avoiding a big loss on GameStop, which fell 69% during the month.New York-based Senvest Management held just over 5 million shares of GameStop, making it the fourth largest holder, according to Bloomberg data and a February 13G filing. The firm told the Wall Street Journal in early February that it had exited the position in late January. The fund gained 38.5% that month.Senvest Capital, which seeded fund manager Senvest Management and shares in the revenue from it, was used by some investors as another way to play the GameStop phenomenon. Senvest Capital’s Toronto-listed stock has risen over 76% this year ....

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Canadarm maker MDA taps public markets veteran as chief financial officer in advance of expected IPO this year


The Globe and Mail
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MDA Inc., the maker of the Canadarm, has appointed a new chief financial officer with deep public markets experience in advance of an expected initial public offering that could come as early as the first half of this year.
The Canadian company announced on Monday that it has hired Vito Culmone, who has previously served as CFO at several large, publicly traded companies including Shaw Communications Inc., WestJet Airlines Ltd. and Molson Coors Beverage Co. ....

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Ad-Lib.io Grows 280% in 2020 and Expands Series A Financing to $12 Million Dollars


Ad-Lib.io Grows 280% in 2020 and Expands Series A Financing to $12 Million Dollars
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New Funding Fuels Rapid Global Expansion and Product Acceleration of Ad-Lib’s Intelligent Automation Platform to include Video and Social Capabilities
We were impressed at the rapid momentum at Ad-Lib.io, even during a pandemic and decided to double down our commitment to the stellar team. We strongly believe in Ad-Lib.io’s vision to bring together all the pieces needed to do better creative at scale. Fog City Capital Partner Ravi Bhaskaran
LONDON and BOSTON (PRWEB)
February 16, 2021
Ad-Lib.io, the next generation Creative Management Platform for marketers at the world’s largest brands, today announced the successful close of an add-on $6 million Series A financing round, bringing the company s total Series A funding to $12 million. The new funds will be used to accelerate the company� ....

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