The tug of war over Monitise Plc (LON:MONI) (OTCMKTS:MONIF) is intensifying between those long the stock, such as Leon Cooperman of Omega Advisors, and those short, which includes Tiger cub Philippe Laffont of Coatue Management, a hedge fund well known for its focus on technology stocks. As previously reported in ValueWalk, Monitise is a firm engaged in automating the banking process. Monitise Plc (LON:MONI) (OTCMKTS:MONIF) provides both online and mobile software solutions to encourage non-branch banking, which major banks in the UK have predicted will come to an end. Technological displacement is frequently accompanied with volatility and the past…
Hedge Fund Titans Cooperman, Laffont Continue Clash Over Monitise
Mark Melin
Mark Melin is an alternative investment practitioner whose specialty is recognizing the impact of beta market environment on a technical trading strategy. A portfolio and industry consultant, wrote or edited three books including High Performance Managed Futures (Wiley 2010) and The Chicago Board of Trade’s Handbook of Futures and Options (McGraw-Hill 2008) and taught a course at Northwestern University's executive education program.