Video-game fund Saiga Capital is an unlikely winner in the pandemic - Business Insider

  • 📰 BusinessInsider
  • ⏱ Reading Time:
  • 32 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 16%
  • Publisher: 51%

Canada News News

Canada Canada Latest News,Canada Canada Headlines

A hedge fund that specializes in the video game industry is up 25% this year — and walks us through how it picks winners

Reuters/Axel SchmidtSaiga Capital, a young hedge fund with less than $10 million, has been one of the unlikely winners so far in the coronavirus pandemic — the video-game-focused manager is up nearly 25% through May.

"As far as we know, there's not another fund that does what we do," said Oh, the founder of the fund.Every month, Brian Oh tries out new video games — at least 10 on his phone and another four on a console like an Xbox or a Playstation. The difference between him and the millions of video-game-obsessed people across the world is he is doing it for work.

His expertise is paying off — Saiga has been one of the winners in the coronavirus pandemic, losing only 0.3% in March when markets crashed and making money every other month. As of the end of May, the fund is up 24.4% after making 35.7% last year.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 729. in CA
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

I’m up over 60% so fuk them

Canada Canada Latest News, Canada Canada Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Inside Net City, Tencent's 320-acre futuristic neighborhood in China - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. Please don’t do this US should game up their infra they gotta stop aiding other countries and start aiding themselves. IMO
Source: BusinessInsider - 🏆 729. / 51 Read more »

Inside story of Brex layoffs after $150 million raise - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web.
Source: BusinessInsider - 🏆 729. / 51 Read more »

The CBCC president on helping Black businesses during the pandemic - Business InsiderHow the president of the California Black Chamber of Commerce is helping thousands of Black business owners weather the pandemic and fight systemic racism in the lending process (by RobinMadell) RobinMadell What's the California White Chamber of Commerce up to?
Source: BusinessInsider - 🏆 729. / 51 Read more »

Starbucks took a $3 billion hit during the coronavirus pandemic - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. Congo health ministry confirms new Ebola Deaths in city .. Good but what does that mean.. to me?
Source: BusinessInsider - 🏆 729. / 51 Read more »

Crate & Barrel CEO shares thoughts on stores after pandemic - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. She should rethink her mismanaged inventory and her company's horrific customer service as well. Neela Montgomery is smart she saw crate n barrell is past repair. I hope this company is laid to rest and soon🤦🏾‍♂️😆
Source: BusinessInsider - 🏆 729. / 51 Read more »

Macy's Backstage sales surge, pandemic shapes shopper behavior - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web.
Source: BusinessInsider - 🏆 729. / 51 Read more »