SSSS - SuRo Capital rises 2.9% after hedge fund manager names it Top Pick For 2021

Publicly-traded VC fund SuRo Capital (SSSS) rose 2.9% yesterday after hedge fund manager Chris DeMuth named it his "Top Pick For 2021". The Nasdaq and S&P 500 both fell 1.5%. The stock continues to be on the move, rising another 1.3% in post-market trading.Chris DeMuth is the founder of Rangely Capital LLC, an investment firm that focuses on event driven, value-oriented investment opportunities. He also publishes ideas on Seeking Alpha.DeMuth's published his idea in a Seeking Alpha article Best Idea For 2021: SuRo Capital, which was distributed to over 28,000 of his followers and over 8,000 investors who follow SuRo Capital on Seeking Alpha.In the article, DeMuth argues that "SSSS’s NAV is set to increase quickly", due to its holdings in Palantir, Coursera, Course Hero and Nextdoor. He believes that "we could see Coursera, Course Hero, and Nextdoor IPO", possibly through a SPAC.Chris Demuth has successfully highlighted SPAC investment opportunities in the last year. He publishes a

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SuRo Capital rises 2.9% after hedge fund manager names it "Top Pick For 2021"