Rivian shares are surged after the EV maker announced a joint venture deal with Volkswagen, crucially bringing fresh capital into Rivian’s coffers.
Rivian stock surged early Wednesday after it announced a joint venture with Volkswagen, which includes plans for a $5 billion cash infusion.
Meridian Funds, managed by ArrowMark Partners, released its “Meridian Hedged Equity Fund” first quarter 2024 investor letter. A copy of the same can be downloaded here. Risk assets continued to rise while market volatility remained low in the first quarter, perhaps indicating that investors are becoming somewhat complacent. In the quarter, the fund appreciated 5.46% […]