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Top related persons:
Jeff Smith - 1 Alex Sacerdote - 1 Splunk - 1 Smith - 1 Sacerdote - 1 Fortinet - 1 Blackstone - 1 Scott Bommer - 1
Top related locs:
Splunk Wix.com
Top related orgs:
Cisco - 1 Rock Capital Management - 1 Acacia Research - 1 Big Tech - 1 Microsoft - 1 Meta - 1 Nvidia - 1 Netflix - 1

Search resuls for: "Whale Rock Capital Management"


4 mentions found


☆ Some notable investors scored a win with Splunk takeover — Here's what they are betting on next
  + stars: | 2023-09-21 | by ( Yun Li | ) www.cnbc.com   time to read: +2 min
High-profile investors Jeff Smith and Alex Sacerdote hit home runs after Cisco 's buyout of cybersecurity software company Splunk sent shares surging. The move marked a big win for the two hedge fund investors with big stakes in Splunk. Splunk was Smith's Starboard Value's third-biggest holding at the end of June, with a bet worth more than $430 million. The stock, Whale Rock's fifth-biggest stock bet as of the end of June, has soared more than 66% this year. Sacerdote also had a big bet on another cybersecurity company like Splunk, Fortinet .
Persons: Jeff Smith, Alex Sacerdote, Splunk, Smith, Sacerdote, Fortinet Organizations: Cisco, Rock Capital Management, Acacia Research, Big Tech, Microsoft, Meta, Nvidia, Netflix, Guggenheim Locations: Splunk, Wix.com
☆ Exclusive: Blackstone's Horizon head Scott Bommer to leave company
  + stars: | 2023-06-17 | by ( Svea Herbst-Bayliss | ) www.reuters.com   time to read: +2 min
Bommer, a former hedge fund manager, joined Blackstone in 2021 as a senior managing director when the company was overhauling its $81 billion Blackstone Alternative Asset Management hedge fund unit known as BAAM. The Blackstone Horizon platform will now be run by an investment committee led by BAAM Global Head Joe Dowling, the sources said. Before coming to Blackstone, Bommer ran hedge fund SAB Capital for 17 years investing in stocks, debt and mortgages. Bommer was the first big hire brought in by Dowling, after he joined Blackstone in early 2021 to help overhaul the hedge fund unit. Last year Tiger Global Management lost 56% while Whale Rock Capital Management ended with a 43% loss, Reuters reported previously.
Persons: Blackstone, Scott Bommer, Joe Dowling, Bommer, Dowling, Svea Herbst, Bayliss, Diane Craft, David Gregorio Our Organizations: YORK, Blackstone, Management, BAAM Global, SAB Capital, Tiger Global Management, Whale Rock Capital Management, Reuters, Svea, Thomson
☆ Macro hedge funds end 2022 on high, many others lose big, investors say
  + stars: | 2023-01-10 | by ( Svea Herbst-Bayliss | ) www.reuters.com   time to read: +2 min
Rokos Capital, run by Chris Rokos and one of a handful of so-called global macro firms, gained 51% last year. Many macro managers sidestepped tumbling equity markets rocked by fast-paced interest rate hikes and geopolitical turmoil including the war in Ukraine to rank among the hedge fund industry's best performers, data from Hedge Fund Research show. The firm's macro index gained 14.2% while the overall hedge fund index dropped 4.25%, its first loss since 2018. Equity hedge funds, where the bulk of the industry's roughly $3.7 trillion in assets are invested, however fared worse with a 10.4% loss, according to HFR data. Tiger Global Management lost 56% while Whale Rock Capital Management ended the year with a 43% loss and Maverick Capital lost 23%.
☆ E-commerce tech startup Rokt valued at $2.4 bln in latest funding amid plans for IPO
  + stars: | 2022-12-05 | by ( ) www.reuters.com   time to read: +1 min
Dec 5 (Reuters) - Tech startup Rokt said on Monday it raised its valuation to $2.4 billion in a secondary funding round led by investment firm Square Peg and asset manager Wellington Management, and is planning for an initial public offering encouraged by the e-commerce boom. Growth in e-commerce since the COVID-19 pandemic has led to a demand for marketing software companies such as Rokt. The company uses artificial intelligence and machine learning to analyze online shoppers and their engagement with products and services. "This has further propelled Rokt's growth and we're pleased to see this expression of support from existing investors as Rokt looks towards an IPO," Buchanan added. New York-based Rokt was valued at $1.95 billion in December last year after it raised capital in a Series E funding round led by Tiger Global that also saw participation from Wellington Management, Whale Rock Capital Management, Pavilion Capital and Square Peg.
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