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Light Street returned 12.4% in January, easily besting the market and its tech-investing peers. Fellow Tiger Cubs like Tiger Global, D1, and Lone Pine were also positive for the month. AdvertisementLight Street Capital followed up a big 2023 — when the tech investor returned 46% — with a 12.4% gain in January, several sources told Business Insider. The San Francisco-based manager, run by Glen Kacher, is one of several Tiger Cubs to start the year above the market. This story is available exclusively to Business Insider subscribers.
Persons: , Glen Kacher, Chase, Alex Sacerdote's Organizations: Fellow Tiger Cubs, Tiger, Nvidia, Meta, Service, Capital, Business, Tiger Cubs Locations: Lone Pine, San Francisco
Read previewDartmouth is the first Ivy League to reinstate its standardized test requirement, which will go into effect for 2029 applicants. The reintroduction of the standardized test requirement was based on a research study the school's faculty recently conducted with Brown University, according to Dartmouth's president. AdvertisementHistorically, standardized test scores have reflected national inequalities, with caucasian and Asian Americans scoring higher than Black and Latino test-takers. Coffin said that the reinstatement of the test requirement may lead to a smaller number of applicants, The Dartmouth reported. MIT was one of the first colleges to reinstate its standardized test requirement after the results of a study that reviewed applicants over the last 15 years.
Persons: , Lee Coffin, Bruce Sacerdote, Coffin Organizations: Service, Ivy League, Business, Brown University, Ivy, Dartmouth, Brown, Pew Research, MIT, ACT Locations: Dartmouth
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
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