Bradley Saacks
Business Insider
New York, NY, United States
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Past articles by Bradley:
Tiger Global hacked venture capital, paying consulting firm Bain & Co more than $100 million a year to help it move quicker than rivals. Now that strategy is backfiring.
Outsourcing much of its VC work allowed Chase Coleman's firm to invest aggressively. Now that strategy is under scrutiny. → Read More
A new hedge fund is launching this summer that will only charge performance fees when it beats its benchmark
Jared Kubin, formerly of SAC, Balyasny, and Adage Capital, is hoping to raise $100 million for his new fund, a source told Insider. → Read More
Here's what Melvin Capital founder Gabe Plotkin told investors as he liquidates his $7.5 billion hedge fund
A onetime industry star, Plotkin lost billions last year betting against retail traders' favorites, such as GameStop. → Read More
Merger investor Clint Carlson's take on the potential Elon Musk Twitter takeover: It 'could be the highest profile, most controversial and most interesting arbitrage deal ever'
Clint Carlson's hedge fund is pegging the probability of the deal actually being completed at 60%, according to an investor letter. → Read More
Tiger Cubs have been knocked by tech stock selloffs. New filings show the companies the hedge funds have ditched — and what they've been buying.
The first quarter was a rough one for high-flying growth funds. These managers sold out of many of their long-time positions like Carvana and Netflix. → Read More
Alt-data darling Thinknum is in turmoil as it lost its CEO and its employees weren't paid in April. Here's why the startup struggled to get hedge funds like Point72 as clients.
The vendor scraped the web for its datasets, but several prominent hedge funds were skeptical that Thinknum followed the rules. → Read More
Billions lost, pissed investors, and uncharacteristic tweets: a look at a horrible month for growth hedge funds
After a bad April, Dan Sundheim tweeted at Jeff Bezos, saying the market is telling companies like his to "stop wasting money and focus on execution." → Read More
Bridgewater's flagship fund gained over 8% in April, bringing year-to-date returns up more than 26%
Nir Bar Dea and Mark Bertolini have been running the hedge fund giant since January. Ray Dalio is now fiduciary, co-chief investment officer and chairman. → Read More
Millennium just snagged a top volatility trader from Barclays to run a new team
Volatility trading has been a popular strategy in recent years, and there's been an exodus of talent from big banks to hedge funds. → Read More
Andrew Warford — the one-time top stock-picker at Lee Ainslie's Maverick Capital — is gearing up to launch his own fund
Warford left the long-running "Tiger Cub" Maverick last year to run his family office from Minnesota. Sources say he plans to open up to outside capital. → Read More
GoldenTree's COO was ousted after making "disgusting sexual comments," getting a subordinate pregnant, and lying about it, court papers reveal
GoldenTree also claimed Bill Christian "showed at least one subordinate a picture of his exposed genitals." He left the $47 billion asset manager in 2020. → Read More
Fidelity slashes Relativity Space's valuation by as much as 21% in latest tech markdown
Fidelity's Contrafund marked down its biggest stake in Space X-rival Relativity Space by around 21%, from $22.83 a share to $17.96. → Read More
Fidelity is now raising Stripe's valuation by 15% after previously slashing the company's valuation earlier this year
The Boston-based investment manager had previously slashed the payment company's valuation as a result of the recent fintech slump. → Read More
Here are the hedge funds that billionaire founders like Julian Robertson, Bill Ackman, and Seth Klarman trust to manage their families' foundations
Hedge-fund billionaires' family foundations need money managers, too. See where the founders of Pershing, Baupost, and more invest those assets. → Read More
Paloma pulls its investment out of young quant fund Nebula following the sudden death of the hedge fund's founder
Michael Graves died suddenly in January while on vacation with his family. He had been a portfolio manager for Steve Cohen before launching Nebula. → Read More
Quant-driven funds including Bridgewater and D.E. Shaw thrived in what was a disastrous quarter for many managers
While stock-pickers like Tiger Global and Whale Rock struggled, shops like Ray Dalio's Bridgewater soared. → Read More
Alex Sacerdote's $13 billion Whale Rock posted a huge loss in the first quarter
The Boston-based manager fell double-digits in January, and the volatile markets since have not been kind to the firm. → Read More
Fidelity marks down massive startups Stripe and Instacart even further
The Boston-based asset manager is not cutting all of its private company holdings' valuations, such as ByteDance, Reddit, and SpaceX. → Read More
Here's the 23-page pitch deck that convinced billionaire Jamie Dinan to bet millions on biometric security company authID.ai
After a big investor pulled out a financing deal, authID.ai raised $22.5 million from existing investors including York Capital founder Jamie Dinan. → Read More
Forge Global became the first publicly traded private marketplace Tuesday. Its CEO details what the future of pre-IPO investing looks like.
Valuations for start-ups have fallen, mirroring the slump publicly traded companies have battled in recent months. → Read More