RGA Investment Advisors investment commentary for the third quarter ended September 30, 2019, titled, "Kambi."
Q3 2019 hedge fund letters, conferences and more
2018 was a watershed year for turning this formerly illegal activity into a regulated, legal activity. Many regular people cheered and entrepreneurs greeted the news with enthusiasm. Meanwhile, the stock market hardly noticed. From the first two sentences, you may have thought we were writing a prelude to a marijuana company pitch, but you need not worry, we have yet to find an investment even tangentially related to marijuana that is not inflated with hot air. Instead, we will use this space to present to you our investment in sports betting.
On May 14, 2018 the Supreme...

