Plus: The longest putt in history, protests mar the Travelers, and Nelly's going the wrong way
Meridian Funds, managed by ArrowMark Partners, released its “Meridian Contrarian Fund” first quarter 2024 investor letter. A copy of the same can be downloaded here. Strong economic signals and a positive inflation report lifted the market rally during the first quarter. The fund returned 6.25% during the quarter underperforming the 6.92% return of the Russell […]
Riot, which is the biggest shareholder in Bitfarms with a nearly 15% stake, said it was "ready to engage" with the company's reconstituted board about a potential transaction. The two companies have been at loggerheads since Riot made an unsolicited offer in April to acquire the company for about $950 million. Bitfarms rejected the offer, saying it significantly undervalued the company and approved a poison pill plan to prevent any attempts at a hostile takeover.