Meet the tiny Aussie fund swept up in Wall St’s meme stock frenzy

Savana Asset Management turned a 64 per cent loss into profit in a matter of days as one of its riskiest stock picks was targeted by social media traders.

When Samuel Atkinson woke up last Wednesday to check the overnight action on Wall Street, he was shocked to find one of his firm’s riskiest stock picks had suddenly exploded in value.

Savana Asset Management, which operates out of an old church in Sydney’s Surry Hills, was still fresh from launching its first exchange-traded fund on the ASX in November – an actively managed US small-cap ETF which uses algorithms to identify cheap stocks.

Source: https://www.afr.com/markets/equity-markets/meet-the-tiny-aussie-fund-swept-up-in-wall-st-s-meme-stock-frenzy-20250729-p5miq7