Israel Englander's Millennium Management bought roughly 2.27 million shares of D-Wave Quantum ( NYSE: QBTS) in late 2024 for approximately $16.4 million, according to a 24/7 Wall St. article published May 28, 2025. One year later, the verdict is clear: the billionaire was right on the thesis, but the stock chart since then resembles a rollercoaster missing a few safety bars.
Andreessen Horowitz, which over its 14-year history has never raised capital from the major California pension funds, is changing its tune this year. The firm, also known as a16z, has raised $400 million from CalPERS for a new fund called California Innovation Opportunities, Fortune found in public records. The firm is also currently pursuing investments from CalSTRS, according to lobbying records.