Alec Litowitz

Editor's Note: This article has been updated for accuracy and clarity. Magnetar Financial—once famous for shorting subprime debt—has quietly morphed into one of the biggest beneficiaries of the AI gold rush. The billionaire hedge fund manager's bet on CoreWeave Inc. (NASDAQ:CRWV) has ballooned from...

Alec Litowitz, at Star Peak Corp (NYSE:STPC), made a large insider buy on September 29, according to a new SEC filing. What Happened: A Form 4 filing from the U.S. Securities and Exchange Commission on Wednesday showed that Litowitz exercised options to purchase 10,512,500 shares of Star Peak...