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Angel Investor (Individual)

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Investments

1

Portfolio Exits

1

About David Fiszel

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Latest David Fiszel News

Fiszel’s Honeycomb Hedge Fund Down 4% in 2021: Hedge Fund Update

Feb 1, 2021

Renaissance’s RIEF fund slumped 9.5% last month Fiszel’s Honeycomb Hedge Fund Fell 4% Last Month David Fiszel’s $1.2 billion Honeycomb Asset Management lost about 4% last month, according to people with knowledge of the matter. That follows a gain of 58% for the Master Fund in 2020. The fund wagers on and against stocks and also makes select private investments. Honeycomb has discussed with investors launching a long-only fund this year, the people said. A spokeswoman for New York-based Honeycomb, which was founded in 2016, declined to comment. Renaissance Quant Fund Slumps 9.5% (10:36 a.m. NY) A Renaissance Technologies stock fund slumped in January, adding to the quant-investment giant’s woes after it suffered heavy losses in pandemic-hit markets. The Renaissance Institutional Equities Fund fell 9.5% in the month, according to people with knowledge of the matter, who asked not to be identified because the information is private. That follows a 20% loss last year for the fund, which is the largest of three that the firm sells to outside investors. A spokesman for the East Setauket, New York-based firm founded by billionaire mathematician Jim Simons declined to comment. The setback for one of the industry’s best-known hedge fund firms underscores the continued troubles for quant firms. Their trading models were thrown off by market swings as Covid-19 battered the global economy and central banks unleashed unprecedented stimulus to contain the carnage. Renaissance, which oversees $60 billion, has dropped out of a ranking of the world’s 20 most profitable hedge fund firms after some of its public funds fell more than 30% last year. It’s not clear what caused the Institutional Equities Fund’s January loss, which compares with a 1% drop in the S&P 500 index. Renaissance is best known for its Medallion fund, which is only open to employees and has annualized gains of roughly 40% over the past three decades. While Medallion employs a short-term trading strategy, the Institutional Equities Fund tends to hold its stock positions for weeks or months, trades only U.S.-listed shares and is biased toward stocks its models expect to rise. ©2021 Bloomberg L.P.

David Fiszel Investments

1 Investments

David Fiszel has made 1 investments. Their latest investment was in Cheddar as part of their Seed VC on February 2, 2016.

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David Fiszel Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

2/19/2016

Seed VC

Cheddar

$3.1M

Yes

2

Date

2/19/2016

Round

Seed VC

Company

Cheddar

Amount

$3.1M

New?

Yes

Co-Investors

Sources

2

David Fiszel Portfolio Exits

1 Portfolio Exit

David Fiszel has 1 portfolio exit. Their latest portfolio exit was Cheddar on April 30, 2019.

Date

Exit

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Acquirer

Sources

4/30/2019

Acquired

$991

4

Date

4/30/2019

Exit

Acquired

Companies

Valuation

$991

Acquirer

Sources

4

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