This fund run by a SAC Capital alum bought restaurant stocks amid the pandemic
Prentice Capital Management was up 6.6% for the first four months of the year, compared to the S&P 500's 9.3% decline and the Russell 2000's 21.1% decline. The HFRX Equity Hedge Index was down 9.4% for the quarter. Q1 2020 hedge fund letters, conferences and more Gross and net exposures In his first-quarter letter to […]
FOX Business Network’s (FBN) Senior Correspondent Charlie Gasparino reports that the State Department and Treasury Department is telling the banks that the source of the cyber-attacks is “likely Iran” and that it is “part of a terrorist attack. It’s cyber-terrorism.” Gasparino discusses the increased hacking risk and notes that the banks are “under attack from hackers daily” and that the “feedback they are getting from the government” is that “they think it’s Iran. It’s a concerted effort from Iran” that are behind the attacks.
On how the banks are preventing future cyber-attacks:
“Sources at the banks are telling the FOX Business Network that they are working with both the State Department and Treasury on it. What they are getting back from both of those places is that the source of this is likely Iran. A lot of people think it’s China, a lot of people think it’s North Korea, they believe the source of this is Iran and it’s part of a terrorist attack. It’s cyber-terrorism.”
Video with further details below: