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Robinhood Crowd Helps Hedge Fund Manager Gain 30% This Year (1)

Aug. 4, 2020, 8:23 PM

One hedge fund manager is getting some inspiration from an unlikely source: the Robinhood crowd.

Adam Sender’s volatility hedge fund has climbed 30% this year -- in part by betting on and against stocks that have been popular on the retail trading app. He notched gains by wagering around stocks including Hertz Global Holdings Inc., NIO Inc. and Tesla Inc.

By watching Robinhood traders, Sender is embracing the speculative fervor brought on by retail investors who have far less experience and insight into the companies. Robinhood has become a go-to trading platform for individual investors during the Covid-19 ...