An $11 billion tech-focused hedge fund scored a 52% gain by betting on Tesla and against scandal-ridden Wirecard this year, a report said

Coatue Management held 3.1 million Tesla shares at the end of the third quarter, now worth $1.3 billion, the FT said.

View in browser Subscribe Business Insider Select brings the best of Business Insider straight to your inbox, every day. Was this email forwarded to you? Sign up for Business Insider Select here. An $11 billion tech-focused hedge fund scored a 52% gain by betting on Tesla and against scandal-ridden Wirecard this year, a report said Coatue Management held 3.1 million Tesla shares at the end of the third quarter, now worth $1.3 billion, the FT said. READ MORE Premium Holiday shopping might be happening online, but Amazon and other retailers are embracing the power of print catalogs E-commerce giant Amazon sent a print holiday catalog out to millions of customers this year. It's completely shoppable and "designed to inspire." READ MORE The CDC says Americans shouldn't travel for the holidays. Knowing they will anyway, the agency suggests 2 COVID-19 tests. The CDC recommends getting a COVID-19 test 1-3 days before travel, another test 3-5 days after travel, and limiting non-essential outings for a week. READ MORE Premium Parents are spending thousands on the latest gadgets, coding bootcamps, and tech tutors for their toddlers to prepare them to compete in a digital world Parents fear for their children getting left behind in a tech-heavy world, leading some to start training their kids as young as three years old. READ MORE Apple is facing a slate of lawsuits in the EU over intentionally slowing down old iPhones, just weeks after the firm settled a similar suit in the US for $113 million The lawsuits, which cover multiple iPhone models, are the latest legal challenges for Apple since it admitted in 2017 to slowing down old devices. READ MORE Premium JOIN US THURSDAY: Elite recruiters from The Carlyle Group, Apollo, and Bain Capital will break down how to get hired in private equity Join Business Insider for an exclusive live event to learn what it takes to land a coveted job at top private-equity firms. READ MORE Alpaca carpets, Saint Laurent surfboards, and Basquiat paintings: Meet the interior designer who worked with Kylie Jenner on her lavish mansion in one of LA's ritziest suburbs Martyn Lawrence Bullard has also designed for Tommy Hilfiger and Cher, whose design including a wall sourced from an Indian palace. READ MORE Premium Google Cloud is acquiring Actifio, an Andreessen Horowitz-funded data backup startup last valued at $1.3 billion Under CEO Thomas Kurian, Google Cloud is making another acquisition to help it grow and compete with Amazon Web Services and Microsoft. READ MORE Premium 10 digital media companies that are hot acquisition targets, including TheSkimm and FuboTV Business Insider asked eight digital media experts to predict which digital media companies that could get acquired in the coming months. READ MORE Premium Starlink profits are supposed to help SpaceX head to Mars, but the satellite-internet project may need 3 million subscribers just to break even Elon Musk hopes Starlink will net the company $30 billion to $50 billion a year. Reaching that lofty goal won't be easy, and is far from guaranteed. READ MORE Email sent to: ipat39@gmail.com   |   Manage preferences   |   Unsubscribe Terms of Service   |   Privacy Policy   |   © 2020 Insider Inc. 1 Liberty Plaza, New York, NY 10006