In the Margins

'Pokémon Go' to pay off big for Hong Kong hedge fund

July 13, 2016

By The Wall Street Journal

Hong Kong-based hedge fund manager Oasis Management Co. made a big bet on “Pokémon Go” and it's paying off. Seth Fischer’s fund stands to make tens of millions of dollars after a three-year campaign to push Nintendo Co. into mobile gaming. The success of Nintendo's “Pokémon Go” has boosted the Japanese company’s shares by more than 50% in the past week, adding over $10 billion to its market capitalization. Read the original story from The Wall Street Journal.

 

 

Most Read

10 Things
10 Things...on the regulatory agenda

The Securities and Exchange Commission has been accused of "over-regulation" in recent years as it has proposed and finalized dozens of rules in a relatively short ...

10 Things
10 Things...to read in summer 2024

It's the Summer Solstice, and that means that for most of us the sun is shining, temperatures are heating up, and longer days allow for pursuits ...