Famed hedge fund manager Bill Ackman had his best trade of all-time earlier this year when he bet against the market, and he's placing a similar bet again despite the market optimism surrounding the development of a COVID-19 vaccine.What Happened: Business Insider reports that Bill Ackman placed a new hedge against the market Monday.The news came on the same day Pfizer Inc (NYSE: PFE) and BioNTech SE (NASDAQ: BNTX) announced a 90% efficacy rate for their COVID-19 vaccine candidate. The clock just started on the biggest financial event in 20 years. In addition, the $43.50 average price target puts the upside potential at ~74%. We and our partners will store and/or access information on your device through the use of cookies and similar technologies, to display personalised ads and content, for ad and content measurement, audience insights and product development. To enable Verizon Media and our partners to process your personal data select 'I agree', or select 'Manage settings' for more information and to manage your choices. Rivian, which has attracted investment from the likes of Ford, Amazon, funds managed by BlackRock, T. Rowe Price and Associates and Cox Automotive, is aiming to become the first to bring an EV pickup truck to market. Kodak Says Ex-Executives Sold Stock Options They Didn’t Own. It aims to make investment management cheaper, more accessible and more convenient. Moreover, 34% of Wireline customers are now served by fiber, compared to 29% a year ago, and TDS expects acceleration throughout the rest of 2020. Its product selection and asset allocation decisions will continue to be independent. The number of retirement investors with at least $1 million saved in their accounts hit a record high in the third quarter, even as the pandemic’s second wave approached and the economic outlook remained uncertain. That is why it came as quite a shock last week when BlackRock-backed robo-adviser Scalable Capital announced it had suffered a data breach. We will remove this and make the changes needed. Nvidia Price Target Raised at Deutsche Bank Before Earnings, Bill Ackman Bets Against Market Recovery Again, Despite COVID-19 Vaccine Hopes, Rivian electric pickup will debut with three editions, with a cheaper one to follow. Masters 2020: Jack Nicklaus declines to talk about President Trump, how to 'accept defeat', Jared Kushner and Ivanka Trump moved their kids to a new school after parents complained about the couple not following coronavirus protocols, report says, Biden coronavirus task force doctor says 4 to 6 week lockdown could control the pandemic, Perdue is selling drumstick-shaped turkey nuggets for low-key Thanksgiving celebrations, Judge to weigh bond for father and son in Arbery slaying. Scalable Capital said on Wednesday it had raised new funds from its existing investors BlackRock (BLK), Holtzbrinck Ventures, and Tengelmann Ventures. These deals are only allowed through authorized partners. And in some cases, TDS is pivoting to alternatives with better economics. Its investment in our firm is a fantastic validation of our work so far, opens up new growth avenues for our business and firmly establishes us on the digital wealth management map in Europe. The company also boasts a strong balance sheet, having more than $2.5 billion in cash on hand and no net debt.Covering SATS, Ric Prentiss is upbeat about near- and mid-term prospects. BlackRock, the world’s biggest money manager, first backed Scalable Capital in 2017 and has re-invested several times since. Scalable Capital, the digital wealth-management platform, has raised another €25m in funding from existing shareholders, including BlackRock. The content is intended to be used for informational purposes only. BlackRock, the world’s biggest money manager, first backed the company in 2017 and has re-invested several times since. Find out more about how we use your information in our Privacy Policy and Cookie Policy. Rivian is opening up pre-orders for three editions of its upcoming electric pickup truck and SUV that start as low as $67,500 and with a battery range of more than 300 miles. Scalable Capital said on Wednesday it had raised new funds from its existing investors BlackRock (), Holtzbrinck Ventures, and Tengelmann Ventures.The funding takes the total raised by Scalable Capital to €116m since its founding in 2014. Scalable Capital is a digital wealth management startup that uses AI to help people manage their money. If you’ve ever wondered how your retirement savings stacks up against your peers, you’re in good company. 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At March 31, 2017, BlackRock’s AUM was $5.4 trillion. Scalable CapitalMarianne Slamich - marianne@scalable.capital+44 7426 321320, BlackRockMarc Bubeck - Marc.Bubeck@blackrock.com+49 69 50 500 3072. Scalable Capital’s platform provides a practical solution for firms looking at technology to help shape their business models for the future. Scalable Capital Limited is a limited company registered in England and Wales (Company No 09386303). BlackRock , the world's biggest asset manager, made its first push into Europe's "robo-advice" market on Tuesday after taking a stake in Anglo-German digital investment manager Scalable Capital. Putting cryptocurrency exchanges to one side, fintech firms have had a perhaps surprisingly easy run on the cyber-security front. Scalable Capital will remain an independent company. For additional information, please visit the Company’s website at www.blackrock.com. All rights reserved. Without the pandemic trade, Ackman's portfolio would be down on the year.The market traded higher Monday on hopes the vaccine will lead to reopening of businesses and sectors.Ackman is "bearish" on the vaccine news, as he said it could lead to people taking the virus less seriously.A difficult few months are ahead before the recovery takes off, in the investor's view. Scalable Capital Anchorage, AK 1 week ago Be among the first 25 applicants. From the creation of Aladdin, its risk management and analytics platform, to its more recent expansion in digital wealth management solutions, the firm has developed and invested in the industry’s most sophisticated technologies, delivering them in an accessible way to its clients to help them achieve better outcomes. Scalable Capital said on Wednesday it had raised new funds from its existing investors BlackRock (BLK), Holtzbrinck Ventures, and Tengelmann Ventures. Do this instead of buying expensive solar panels. Information about your device and internet connection, including your IP address, Browsing and search activity while using Verizon Media websites and apps. The company offers its own investment app but has also done deals with Barclays, ING, Santander, and Siemens to power their wealth management and automated advice offerings behind the scenes. Buy) while his $63 price target suggests an 87% upside potential.Overall, ViaSat gets a Moderate Buy rating from the analyst consensus, based on 3 reviews that include 2 Buys and 1 Hold. A Deutsche Bank analyst lifted his Nvidia price target, expecting the chipmaker to deliver a "solid" third-quarter earnings beat. Scalable Capital currently has €2bn of assets under management across Europe and 85,000 customers. Morningstar has a "buy" rating and $37 fair value estimate for T stock. READ MORE: Robinhood scraps UK launch amid mounting scrutiny of trading platform. “I would actually see the UK’s fintech position as more insulated and protected by a lot of other industries. Revenues have remained stable over the past four quarters, between $530 million and $588 million, with the $554 million recorded in Q3 being solidly in the middle of that range. BlackRock has acquired a stake in European robo-adviser Scalable Capital, joining two German venture-capital funds to complete a €30 million ($33.5 million) round of investment. Key market indexes fell to session lows Thursday, as the Dow Jones Industrial Average lost 400 points and the Nasdaq reversed lower. Yahoo is part of Verizon Media. If she had put all my money into just one company, I would have gotten a discount on the sales commissions. BlackRock made its first push into Europe's "robo-advice" market after taking a stake in Anglo-German digital investment manager Scalable Capital. The 2020 election wasn’t ‘stolen.’ Here are all the facts that prove it. The fund has been doing very well. What's Next: Ackman launched a SPAC earlier this year.Pershing Square Tontine Holdings (NYSE: PSTH) has not found a target yet and has over $4 billion available to invest.SPY Price Action: The SPDR S&P 500 Trust ETF closed up 1% Wednesday at $356.67.See more from Benzinga * Click here for options trades from Benzinga * Cramer Thinks Credit Card Stocks Could Be Winners Of Economic Reopening * Online Brokers See Tech Issues As Stock Market Rallies(C) 2020 Benzinga.com. Our aim is to transform the traditional wealth management industry, making first class investment services available to everyone. 1 Buy and 1 Hold ratings assigned in the last three months add up to a ‘Moderate Buy’ analyst consensus. “It shows that our focused, digital business model is convincing investors.”, READ MORE: Tide faces customer backlash over Bounce Back loans. Adams talks to us about the challenges he faced in building Scalable Capital from the ground up, how he's sought to increase transparency and trust in the investment process, and why he thinks we're all really just living in a virtual reality world. Change won’t happen unless one side or the other gets a large majority, or a small majority over several terms. Scalable is Europe's fastest-growing digital wealth manager. This trend is prompting strong demand from European financial institutions – including banks, insurers, wealth managers and advisory firms – for high-quality technology-enabled investment solutions. Terms of the latest funding round were not disclosed. The funding takes the total raised by Scalable Capital to €116m since its founding in 2014. Founded in 2014, Scalable Capital is a financial technology startup with offices in Munich and London.


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