Business
Top Aussie fund sold GameStop before market frenzy sent shares into the stratosphere – Sydney Morning Herald
Paradice Investment Management sold shares in GameStop, just before an extraordinary sharemarket surge lifted the value of its former holding above $1 billion.
Paradice would not confirm the size of its GameStop investment. However, market data indicates it may have missed out on an incredible windfall by selling the stock.
According to data from FactSet based on US regulatory disclosures, Paradice held around 1,833,000 GameStop shares as of September 30. GameStops shares hovered around $US17.50 to $US18.50 in December and into early January, but exploded as high as $US483 this week.
Paradice would have netted between $US32 million to $US34 million ($44…
-
General23 hours agoWondering about winter | The Spectator Australia
-
General22 hours agoParents of Heidi, 3, remember ‘beautiful’ daughter killed in Ocean Grove crash
-
Noosa News20 hours agoThis 42-Kilometre Walking Trail on the NSW North Coast Weaves Through Ancient Rainforest, Volcanic Mountains and Spectacular Waterfalls
-
Noosa News22 hours agoJane Bunn weather: Cyclone Errol forms as effects of Alfred still felt across Queensland