Tag Archives: Miami

Bloomberg Hedge-Fund Titans Lose Billions to Reddit Traders Running Amok (Bloomberg) — For once, Main Street is beating Wall Street.In a matter of weeks, two hedge-fund legends — Steve Cohen and Dan Sundheim — have suffered bruising losses as amateur traders banded together to take on some of the world’s most sophisticated investors. In Cohen’s case, he and Ken Griffin ended up rushing to the aid of a third, Gabe Plotkin, whose firm was getting beaten down.Driven by the frenzied trading… Source link

It’s no secret: Pat Riley and the Miami Heat are targeting the 2021 offseason to add one more superstar to the roster, via free agency or trade. The Heat have the flexibility to make a run at Giannis Antetokounmpo — if he decides to leave Milwaukee — or any of the other stars who could be available. This offseason, don’t expect big changes in Miami. “I think we’ll stay the course with our picks, stay the course with our young players,” Pat Riley said Friday in a Zoom session with… Source link