Mudrick Capital Management purchased a controlling stake in NJOY Holdings in 2017 after the company emerged from bankruptcy.
Jason Mudrick, the founder and chief investment officer of Mudrick Capital Management, has placed a massive bet on the vaping and e-cigarette space. The high-profile investor's flagship fund has invested nearly $800 million — close to 30% of the firm's total assets — in e-cigarette maker NJOY Holdings, according to a report from Bloomberg. The investment has powered most of the fund's 30% return this year, Bloomberg found.
Jason Mudrick, the founder and chief investment officer of Mudrick Capital Management, has placed a massive bet on the vaping and e-cigarette space. The high-profile investor's flagship fund has invested nearly $800 million — close to 30% of the firm's total assets — in e-cigarette maker NJOY Holdings, according to a report from Bloomberg. The investment has powered most of the fund's 30% return this year, Bloomberg found.
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