Cathie Wood profile, how to pick SPACs, 4 real-estate trends: Insider Investing

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Your weekly summary / outlook

Robinhood’s CEO, a hedge fund manager who lost 53% in January, a day trader who made $ 48 million playing GameStop, and Ken Griffin enter a bar …

No, this is not the beginning of a bad financial joke. It’s the actual collection of people that Congress grilled on Thursday in a high-profile display of political theater that the stock market has rarely seen before.

Gabe Plotkin – the famous hedge fund sergeant who took home $ 846 million in 2020 and then took a massive bath on his GameStop shorts last month – was asked earnestly if he was a registered broker. He was later asked if short selling was market manipulation, to which he answered “no” (presumably because it was not). Nobody pronounced Vlad Tenev’s last name correctly for five hours. Keith Gill (known on YouTube as Roaring Kitty) has been largely ignored. It wasn’t anyone’s idea of ​​a productive time.

However, the mere fact that the hearing took place in the first place shows that the Reddit-based day trader community has everyone’s attention and is going nowhere. What’s next? Despite his lack of airtime on Thursday, Gill still faces significant legal hurdles. Robinhood still has many questions about its business, its role in “inciting” reckless trading, and how much money it manages – not to mention its planned IPO. And only when the hedge filings start to trickle in in the first quarter will we get a full idea of ​​who won and lost during the whole ordeal.

Outside of the Reddit mania, the press pushed for further impetus. The timeline for Biden’s $ 1.9 trillion package now looks like mid-March, and there are still significant arguments about what exactly will be included. In economic terms, there is discussion about inflation and whether the sudden injection of funds will cause prices to overheat. If so, it could mean bad news for the Reddit traders currently betting on momentum stocks – and possibly an opportunity for short sellers to repay.

Cathie Wood CEO Ark Invest Profile 2x1

David McNew / AFP via Getty; ARK Invest; Patricia De Melo Moreira / AFP via Getty; Bitcoin; Samantha Lee / Insider

Cathie Wood, the founder of ARK Invest, has amassed legions of obsessed followers. Wood has become a favorite of Wall Street bets and has successfully maintained control of their company. Now as assets pile up and new funds come out, the question is: can she keep her success going?

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Cathie Wood made a career and looked to the future. Insiders reveal how the founder of ARK Invest won the funds (and hearts) from Memelord traders and boomer investors alike.

Tom Finke

Tom Finke

Tom Finke is the former CEO of $ 345 billion wealth manager Barings and a board member of Invesco. He and his partner recently raised $ 115 million through their SPAC Adara Acquisition Corp. (ADRA) collected. Finke breaks down why he is jumping on the SPAC train and shares what to look for in SPACs.

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Tom Finke shares how he moved from being a $ 345 billion money manager to sponsoring the SPAC boom – and shares three traits investors should look for in an ideal blank check company

Brooklyn real estate better than Manhattan Green 2x1

Skye Gould / Insider

Jeff Kolitch has returned 446% to investors since 2009 through the Baron Real Estate Fund of $ 1.1 billion. The 29-year-old veteran investor breaks down the four trends that will drive the real estate market in 2021. It also shares 11 “attractively valued” real estate stocks and their upside potential.

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A 29-year-old real estate veteran who has earned 446% return on investors over the past decade breaks down the four trends that are driving the sector in 2021 – and shares 11 “attractively valued” stocks

Stock Pick Central

Are you looking for experts who are ready to give you names? Look no further: