Trusted Insighthttp://thetrustedinsight.com/2023-03-21T10:38:48.554300-04:00Trusted Insight, the world's largest platform for institutional investors with 40,000 LP investor professionals in 98 countries and territories around the globe. 30,000 institutional investors engage with Trusted Insight each week. They are actively investing in alternative assets, primarily private equity, hedge funds, real estate and private companies. Our users consist of pension funds, endowments, foundations, sovereign wealth funds, family offices, banks and insurance companies. 83% of Trusted Insight users continue to use the platform 6 months after initially signing up. Investors on the platform, on average manage in excess of $5 billion. We are a platform for qualified purchasers, not high net worth investors.
Why A Recession Can Be Good Timing For Corporate Venture Capital
2023-03-21T10:38:48.554300-04:00https://www.thetrustedinsight.com/investment-news/why-a-recession-can-be-good-timing-for-corporate-venture-capital-20230321256/
News headlines cite an increasing number of layoffs in the tech industry. Despite the negative environment, a recession may be a good time for corporate venture capital to thrive.
Investors Have Been Supporting Food Tech Long Before The ‘Boom’
2022-12-07T11:20:06.316966-05:00https://www.thetrustedinsight.com/investment-news/investors-have-been-supporting-food-tech-long-before-the-boom-20221207593/
Today, doomsday headlines are asserting that food tech’s big wave is over. But is it? And what fueled venture capital’s interest in taking on and investing in global challenges like food security, anyway?
Why A $3.5B Crypto Firm Is Going To Invest In Its Own Clients
2021-12-10T12:16:18.353878-05:00https://www.thetrustedinsight.com/investment-news/why-a-35b-crypto-firm-is-going-to-invest-in-its-own-clients-20211210881/
While firms like Andreessen Horowitz (a16z) and Paradigm Ventures make waves with headlines trumping their $2+ billion funds to invest in the next wave of Web 3.0 companies, leading crypto firms are starting to rewrite the rules of venture capital on their own terms.
Diversity In VC: In The U.S., It May Be Getting Worse
2019-08-01T01:17:40.625663-04:00https://www.thetrustedinsight.com/investment-news/diversity-in-vc-in-the-us-it-may-be-getting-worse-20190801512/
After all the terrible headlines about harassment in Silicon Valley, after all the #MeToo stories, after all the well-meaning efforts, like Reid Hoffman’s Decency Pledge, the percentage of funding to women-led companies by venture capitalists in 2018 actually fell.
Why The World’s CEOs Fear Paul Singer
2017-08-08T15:09:57.661895-04:00https://www.thetrustedinsight.com/investment-news/why-the-worlds-ceos-fear-paul-singer-1-20170808400/
Aggressive, tenacious and litigious to a fault, Paul Singer may be the most feared activist investor in the world—by hedge fund rivals, companies and even countries. Singer’s Elliott Management Corp., which manages $34 billion of assets, has rarely been out of the headlines the past 18 months. And there’s little indication that will change soon. Singer has targeted the world’s biggest mining company, taken on Warren Buffett in a battle for Texas’s largest electricity distributor, ousted chief executive officers on both sides of the Atlantic and set off a chain of events that led to the impeachment of South Korea’s...
Why The World’s CEOs Fear Paul Singer
2017-08-08T10:26:14.500968-04:00https://www.thetrustedinsight.com/investment-news/why-the-worlds-ceos-fear-paul-singer-20170808358/
Aggressive, tenacious and litigious to a fault, Paul Singer may be the most feared activist investor in the world—by hedge fund rivals, companies and even countries. Singer’s Elliott Management Corp., which manages $34 billion of assets, has rarely been out of the headlines the past 18 months. And there’s little indication that will change soon.
Robust Stand In Vietnam's Property Market
2017-07-18T10:58:24.687827-04:00https://www.thetrustedinsight.com/investment-news/robust-stand-in-vietnams-property-market-20170718048/
Vietnam has been making headlines boasting great economic growth, whether it's the success in securing millions worth of projects with foreign companies or being a vacation hotspot with luxury hotels fully booked by Q1, 2018, the country is presenting a promising future for investors.
Black Swan Dexteritas
2017-07-09T08:39:53.782672-04:00https://www.thetrustedinsight.com/investment-news/black-swan-dexteritas-1-20170709878/
At Black Swan Dexteritas, we are dedicated to generating strong financial performance for our investors and fostering long-term relationships with our clients to create exceptional investment opportu...
Changing The Dynamics Of The VC Industry
2017-07-03T10:45:16.083509-04:00https://www.thetrustedinsight.com/investment-news/changing-the-dynamics-of-the-vc-industry-20170703787/
People are up in arms after the recent reporting that six women entrepreneurs were sexually harassed by the managing partner of a VC firm, and rightly so. While the news is making headlines globally, the more substantive questions remain — what will happen when the buzz fizzles out?
A Smart Way To Address Family Wealth Disputes
2017-05-30T10:36:32.707799-04:00https://www.thetrustedinsight.com/investment-news/a-smart-way-to-address-family-wealth-disputes-20170530925/
Money, power and pride weaken family ties. This has become more prevalent in recent years, manifesting in multi-billion dollar family disputes making headlines in the press. What is driving this phenomenon and is there a smart way to navigate high net-worth family disputes?
What Is The UK Pension Protection Fund?
2017-05-16T10:29:43.596007-04:00https://www.thetrustedinsight.com/investment-news/what-is-the-uk-pension-protection-fund-20170516539/
Some investors may see it as ironic that a fund dedicated to supporting floundering pension plans is remaining invested in the hedge fund industry even as many of the pensions its backs are leaving hedge fund investments as quickly as possible. The Pension Protection Fund (PPF) is a British fund with about $30 billion in assets that is dedicated to supporting retirement funds in the UK. that run into trouble. And yet, at a time in which many pension funds around the world have made headlines for their dramatic departures from the hedge fund scene, the PPF is steadfast in its devotion to hedge funds as a means of diversifying its investments. What is the PPF and why is it remaining in the hedge fund world?
HNA Set To Snatch Up 1.5M SQM Of Warehouse Interests In $1B CWT Deal
2017-04-14T16:46:04.699562-04:00https://www.thetrustedinsight.com/investment-news/hna-set-to-snatch-up-15m-sqm-of-warehouse-interests-in-1b-cwt-deal-20170414607/
China’s acquisition-happy HNA has captured global headlines again this week with its S$1.39 billion ($990 million) offer for Singaporean logistics services company CWT. Should the mainland conglomerate succeed in that nearly-billion dollar buy, HNA would also instantly make itself a... Read More>>
GAM: Hedge Fund to Demand New CEO
2017-03-29T18:20:07.038557-04:00https://www.thetrustedinsight.com/investment-news/gam-hedge-fund-to-demand-new-ceo-20170329990/
A hedge fund prepares to demand the resignation of GAM CEO Alexander Friedman tomorrow. The shareholder also wants further radical measures implemented to help turn the fortunes around at the Zurich-...
David Tepper Is Long The Market Up To His Eyeballs
2017-03-09T14:38:58.915281-05:00https://www.thetrustedinsight.com/investment-news/david-tepper-is-long-the-market-up-to-his-eyeballs-20170309300/
Good morning. Amid headlines of doom, gloom, and confusion in Washington, billionaire hedge fund manager David Tepper is long. "I don't think the market's cheap," he told CNBC on Wednesday morning, "but you can't be short in that kind of environment."
Citi Named Placement Agent of the Year by Private Debt Investor
2017-03-03T08:10:06.733547-05:00https://www.thetrustedinsight.com/investment-news/citi-named-placement-agent-of-the-year-by-private-debt-investor-20170303052/
<div class="bw-release-subhead">
<p class="bwalignc"><b>Bank Receives Top Honors in U.S., Europe</b></p>
</div>
<div class="bw-release-timestamp"><time datetime="2017-03-01T13:59:00Z" itemprop="dateModified">March 01, 2017 08:59 AM Eastern Standard Time</time></div>
<p>NEW YORK--(<span itemid="http://www.businesswire.com" itemprop="provider publisher copyrightHolder" itemscope="itemscope" itemtype="http://schema.org/Organization"><span itemprop="name"><a href="http://www.businesswire.com/" itemprop="url" rel="nofollow">BUSINESS WIRE</a></span></span>)--Citi was named Placement Agent of the Year by Private Debt Investor (PDI), a leading international publication covering the world’s private debt markets. The designation includes two separate wins regionally in both Europe and in the Americas, which encompasses the U.S., Canada, and Latin America.<br />
<br />
The winners of the annual global PDI awards are chosen by the magazine's readership, which represents over 23,000 across the globe, with institutional investors representing the largest segment. The publication annually recognizes the best and brightest industry participants helping to shape private debt markets.</p>
Citigroup Global Markets Citi Private Debt Private Equity Mezzanine Private Markets Fixed Income Direct Lending Asset Allocation Pensions Insurance Endowments Foundations Family Office PE Real Estate Infrastructure Nithin Johnson Head of Americas Peter Arnold Global Head International Fund Distribution
3 High-Yield Real Estate Plays Paying Up To 8.6%
2017-02-08T18:17:40.443083-05:00https://www.thetrustedinsight.com/investment-news/3-high-yield-real-estate-plays-paying-up-to-86-20170208290/
The headlines in the global real estate space are terrifying right now. It’s the kind of negative press you see in just two situations: the throes of a full-blown crash, or near a market top.
Ten Unicorns To Watch In 2017
2017-01-23T16:06:16.173398-05:00https://www.thetrustedinsight.com/investment-news/ten-unicorns-to-watch-in-2017-20170123713/
A number of blockbuster tech IPOs are already predicted. Meanwhile, other tech giants--including Uber, the most valuable privately held company in the world--are poised to make headlines in other ways: namely through continued growth and innovation. As tech stars prepare for a resurgence, here are ten of the most exciting unicorns and near-unicorns to watch in 2017.
Apollo’s New Guy Is A Legend In Banking But A Novice In Buyouts
2017-01-23T14:33:02.664943-05:00https://www.thetrustedinsight.com/investment-news/apollos-new-guy-is-a-legend-in-banking-but-a-novice-in-buyouts-20170123676/
Gary Parr had deals going in three parts of the world when he dropped the mic on a 30-year career as a banker. Parr, 59, has been a player in just about every financial story worth bold headlines in recent years. Now he’s left Lazard Ltd. for Apollo Global Management LLC, to work with co-founders Leon Black, Mark Rowan and Josh Harris. Parr starts today with a broad mandate as a senior managing director.
Dasin Retail Launches $85M Singapore REIT And More Asia Real Estate Headlines
2017-01-18T17:30:14.508283-05:00https://www.thetrustedinsight.com/investment-news/dasin-retail-launches-85m-singapore-reit-and-more-asia-real-estate-headlines-20170118543/
<p>Dasin Retail Trust Management Pte. Ltd, trustee-manager of Dasin Retail Trust, has launched its S$121-million (about $85 million) initial public offer (IPO) in Singapore, following its final prospectus being registered with the Monetary Authority of Singapore (MAS) late last week (January 13).</p>
The Biggest Hedge Fund Paydays Of 2016, From Charter Communications To Natural Gas
2016-12-28T11:27:06.790904-05:00https://www.thetrustedinsight.com/investment-news/the-biggest-hedge-fund-paydays-of-2016-from-charter-communications-to-natural-gas-20161228922/
Hedge fund investors have a lot to celebrate as 2016 draws to a close and they sharpen their pencils on new investment ideas and macroeconomic themes for the coming year....
Andreessen Talks Flying Cars And Fleeing Jobs
2016-11-23T08:59:59.639313-05:00https://www.thetrustedinsight.com/investment-news/andreessen-talks-flying-cars-and-fleeing-jobs-20161123647/
Andreessen argues that the U.S. now has two different economies — one, led by tech, where giant leaps in productivity have transformed work and driven costs down, and the other, concentrated in healthcare and education, where labor costs dominate and keep rising. Startups are beginning to tackle those industries today, and they could start transforming very quickly — or, Andreessen admits, “the other possibility is this is just pure hubris, and five years from now you’re going to play this back and you’ll be like, ‘Aha! Dot-com bubble 2.0.’ “
Soros Eliminates Gold Stake In Q3 2016: 13F Filing
2016-11-15T17:05:08.254953-05:00https://www.thetrustedinsight.com/investment-news/soros-eliminates-gold-stake-in-q3-2016-13f-filing-20161115303/
Billionaire George Soros made headlines earlier this year when he re-entered the gold market.
San Diego Facing New Pension Debt
2016-09-15T10:53:09.086340-04:00https://www.thetrustedinsight.com/investment-news/san-diego-facing-new-pension-debt-20160915196/
A recent $380 million spike in San Diego’s pension debt is forcing city officials to debate whether to begin paying that bill now or take the controversial step of pushing the financial pain several ...
Singapore SWF-Backed GLP Acquires $1.1B US Warehouse Portfolio
2016-09-14T10:15:55.668364-04:00https://www.thetrustedinsight.com/investment-news/singapore-swf-backed-glp-acquires-11b-us-warehouse-portfolio-20160914100/
Leading the headlines today, Asia’s biggest logistics developer just spread its footprint a bit wider with the $1.1 billion acquisition of a US warehouse portfolio.
Massachusetts Pension Tames Hedge Funds Via Managed Accounts
2016-09-06T10:50:22.447736-04:00https://www.thetrustedinsight.com/investment-news/massachusetts-pension-tames-hedge-funds-via-managed-accounts-20160906680/
Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world....
Kentucky's Public Pension Faces Insolvency With Biggest Shortfall in US
2016-09-01T11:37:49.770701-04:00https://www.thetrustedinsight.com/investment-news/kentuckys-public-pension-faces-insolvency-with-biggest-shortfall-in-us-20160901521/
Kentucky is the home of thoroughbred horse racing, well-regarded bourbon and politicians fighting over some of the most vexing problems facing U.S. public pensions....
Poor Pension Returns To Cost New York City $700 Million
2016-08-02T11:56:32.472697-04:00https://www.thetrustedinsight.com/investment-news/poor-pension-returns-to-cost-new-york-city-700-million-20160802915/
After earning only 1.5% on its pension funds for the 2017 fiscal year ended June 30, the city will have to contribute an additional $732 million to the plans over the next three fiscal years....
Trouble For UK Commercial Real Estate Could Lead To Deep Discounts
2016-07-08T10:15:08.915492-04:00https://www.thetrustedinsight.com/investment-news/trouble-for-uk-commercial-real-estate-could-lead-to-deep-discounts-20160708697/
Commercial real estate has hit the headlines this week, a victim of the recent Brexit vote which has left over $20 billion trapped in funds that not long ago promised investors a slice of London's red-hot property market.
Are Unicorns Losing Their Horns? Maybe In America, But Not So For Asia
2016-05-25T15:45:46.169303-04:00https://www.thetrustedinsight.com/investment-news/are-unicorns-losing-their-horns-maybe-in-america-but-not-so-for-asia-20160525313/
By now you’ve probably read a number of headlines saying that the billion-dollar club - or the unicorn club - is tumbling in 2016.
Panama Papers Reveal George Soros' Offshore Companies
2016-05-25T11:45:00.521444-04:00https://www.thetrustedinsight.com/investment-news/panama-papers-reveal-george-soros-offshore-companies-20160525274/
American hedge fund billionaire George Soros is back in the headlines for two things: his most recent funding projects and new revelations that the shadowy political donor has been hiding his fortune...
Hedge Fund Billionaire Invests In World's Largest Gold Miner
2016-05-23T17:11:40.566855-04:00https://www.thetrustedinsight.com/investment-news/hedge-fund-billionaire-invests-in-worlds-largest-gold-miner-20160523133/
George Soros has sold off an entire third of his stocks and bought a $264 million share in the world’s largest gold mining company.
Wanda To Sell Private Acquisition To Public Subsidiary For $5.7B
2016-05-16T12:10:07.210884-04:00https://www.thetrustedinsight.com/investment-news/wanda-to-sell-private-acquisition-to-public-subsidiary-for-57b-20160516598/
China’s richest man continued to dominate the headlines late last week as a plans to re-list Wanda Commercial Properties seems to be back on track while Wang Jianlin also announced a plan to resell some recently acquired US assets to... Read More>>
Remarkable Solar Bids In Dubai Should Spur On Other Gulf Nations
2016-05-16T09:50:07.579695-04:00https://www.thetrustedinsight.com/investment-news/remarkable-solar-bids-in-dubai-should-spur-on-other-gulf-nations-20160516543/
"Dubai shatters solar price records", "Dubai solar bid awes market players", read headlines in November 2014, when Dewa received bids for the third phase of the Sheikh Mohammed Bin Rashid Al Maktoum solar park.
California Pension Fund Shows Why Headlines Are Risky To Read
2016-05-05T11:30:57.578601-04:00https://www.thetrustedinsight.com/investment-news/california-pension-fund-shows-why-headlines-are-risky-to-read-20160505872/
There's no question that tobacco companies were feeling a lot of pain as we entered the new century. And the outlook didn't look too great, either. Which is why the largest teacher's pension fund in ...
Hedge Fund Manager Goes From Billionaire To Millionaire In Profits Plunge
2016-04-22T16:17:06.327950-04:00https://www.thetrustedinsight.com/investment-news/hedge-fund-manager-goes-from-billionaire-to-millionaire-in-profits-plunge-20160422176/
Vote Leave backer Crispin Odey sees personal fortune plummet by £200m, after predicting a massive global downturn in early 2015...
What Drop In Venture Capital?
2016-04-19T11:53:19.075384-04:00https://www.thetrustedinsight.com/investment-news/what-drop-in-venture-capital-20160419030/
The venture crash is coming! Alarmist headlines have recently popped up regarding the drop in venture capital suffered in 1Q.
Metal Man: Sanjeev Gupta, The Commodities Hero Who May ‘Save British Steel’
2016-04-01T11:53:23.339053-04:00https://www.thetrustedinsight.com/investment-news/metal-man-sanjeev-gupta-the-commodities-hero-who-may-save-british-steel-20160401546/
Last week, Gupta made headlines when he agreed to buy two of Tata Steel’s Scottish assets—long-products plants in Clydebridge and Dalzell.
NYC Investigating Vanke’s Manhattan Property Deal And More China Real Estate Headlines
2016-03-25T17:05:16.208417-04:00https://www.thetrustedinsight.com/investment-news/nyc-investigating-vankes-manhattan-property-deal-and-more-china-real-estate-headlines-20160325251/
New York authorities want a closer look at how the title was changed for a Chinese-invested project in Manhattan, and Hong Kong’s Henderson Land denies rumours that it’s selling off a portfolio of properties.
Family Offices See Legitimacy In Securitized Bitcoin Investments
2016-03-21T11:33:43.978387-04:00https://www.thetrustedinsight.com/investment-news/family-offices-see-legitimacy-in-securitized-bitcoin-investments-20160321929/
Investors with over $1tn in assets under management gathered at an event last night to judge if bitcoin is ready to be recognized as a mainstream asset class.
Bitesize UK Budget: The Private Equity Headlines
2016-03-18T10:35:37.279608-04:00https://www.thetrustedinsight.com/investment-news/bitesize-uk-budget-the-private-equity-headlines-20160318760/
The UK's 2016 Budget, presented earlier today, introduced several significant reforms to the UK's tax system.
Aubrey McClendon Dies Day After Indictment
2016-03-07T18:12:18.133988-05:00https://www.thetrustedinsight.com/investment-news/aubrey-mcclendon-dies-day-after-indictment-20160307121/
Aubrey McClendon, former chief executive of Chesapeake Energy, was indicted Tuesday after a federal investigation into price-fixing, bid-rigging and other anticompetitive conduct in the oil and natural gas industry.
Soros, Platt And Singer: The 25 Highest-earning Hedge Fund Managers Of 2015
2016-03-07T15:00:23.110421-05:00https://www.thetrustedinsight.com/investment-news/soros-platt-and-singer-the-25-highest-earning-hedge-fund-managers-of-2015-20160307089/
Investment Week Combined earnings of $12bn George Soros, Elliott Management's Paul Singer and Bluecrest's Michael Platt have been named in a Forbes list of the top 25 highest-earning fund managers for 2015.
KKR Investment Vehicle Set To Close Sirti Acquisition
2016-03-03T17:00:12.782196-05:00https://www.thetrustedinsight.com/investment-news/kkr-investment-vehicle-set-to-close-sirti-acquisition-20160303913/
<span style="line-height: 20.8px;">Pillarstone Italy, an investment vehicle set up by private equity fund KKR and the banks Intesa Sanpaolo and UniCredit, is set to close the acquisition of the entire capital of Italian network services provider Sirti, reports Milano Finanza. </span>
Chainalysis Inks Deal With Europol And Raises $1.6M Seed Round
2016-02-25T18:30:10.869772-05:00https://www.thetrustedinsight.com/investment-news/chainalysis-inks-deal-with-europol-and-raises-16m-seed-round-20160225530/
Chainalysis Inc., a New York based cyber security startup, has signed a Memorandum of Understanding (MoU) with Europol's European Cybercrime Centre (EC3) on collaborating to fight online crime.
Lux Capital’s Josh Wolfe Scored A 43X Venture Return On Kurion’s $400M Acquisition
2016-02-25T16:30:18.235341-05:00https://www.thetrustedinsight.com/investment-news/lux-capitals-josh-wolfe-scored-a-43x-venture-return-on-kurions-400m-acquisition-20160225521/
<span style="line-height: 20.8px;"> Lux just scored a fund-making, record-breaking 43X return on its initial investment when Veolia acquired Kurion for approximately $400 million to provide "nuclear facility cleanup and treatment of low- and medium-level radioactive waste." Kurion was incubated by Lux Capital with investment from Firelake Capital and private investor Arthur Samberg.</span>
Uber Alles No More? The First Cab App Off The Rank Runs Into Traffic
2016-02-25T11:30:11.666704-05:00https://www.thetrustedinsight.com/investment-news/uber-alles-no-more-the-first-cab-app-off-the-rank-runs-into-traffic-20160225482/
The taxi-hailing tech firm has a higher valuation than General Motors. But there's trouble in China and competitors are beginning to get organised too. Is the shine coming off the world's most valuable start-up?
Don’t Believe The Hedge Funds When It Comes To Business Views On Brexit
2016-02-20T18:30:10.037471-05:00https://www.thetrustedinsight.com/investment-news/dont-believe-the-hedge-funds-when-it-comes-to-business-views-on-brexit-20160220306/
“The sooner you can start to look at your own businesses, and come up with the examples and the ideas about the benefits, and the problems, that there are with Europe, the more that you are able to help to explain and set the context for this vitally important question for Britain and for Europe,” […]
Martin Shkreli Offers $10M To Keep You From Hearing New Kanye Album
2016-02-19T11:30:19.056990-05:00https://www.thetrustedinsight.com/investment-news/martin-shkreli-offers-10m-to-keep-you-from-hearing-new-kanye-album-20160219232/
NEW YORK — Former pharmaceutical chief Martin Shkreli's campaign to build up an impressive music portfolio rolls on. After spending $2 million for the sole copy of Wu-Tang Clan's "Once Upon a Time in Shaolin'' late last year, the 32-year-old former hedge fund manager is now offering $10 million to become the sole owner of Kanye West's new album.
'The Great Reset': Venture Capitalists And Startups Have Shifted From Greed To Fear
2016-02-18T10:00:11.467525-05:00https://www.thetrustedinsight.com/investment-news/the-great-reset-venture-capitalists-and-startups-have-shifted-from-greed-to-fear-20160218146/
If the terrible headlines and stock prices are to be read like tea leaves, then the tech industry is about to face a major reality check. Investors have already labeled this period "The Great Reset." Why? There wasn't a single IPO in January for the first time since September 2011.
Smith Takes The Helm At Mason Wells
2016-02-16T13:00:36.201350-05:00https://www.thetrustedinsight.com/investment-news/smith-takes-the-helm-at-mason-wells-20160216082/
<p style="line-height: 18.9091px;">As Mason Wells begins deploying its largest fund ever, the private equity firm for the first time in its 18-year history has a new leader. Tom Smith, longtime understudy to John Byrnes, has been named president and chief executive officer of the Milwaukee-based company, which said earlier this week it had raised $615 million for a fourth fund.</p>
Automakers Look To Israeli Smart Car Startups
2016-02-12T13:30:12.436610-05:00https://www.thetrustedinsight.com/investment-news/automakers-look-to-israeli-smart-car-startups-20160212942/
Many ‘value spotters’ are combing through the Israeli high-tech scene, searching for a foothold into the future of the “smart car ecosystem”.
Ebullio Capital, Which Lost 96% In 2 Months, To Shut Doors
2016-02-10T11:37:46.731510-05:00https://www.thetrustedinsight.com/investment-news/ebullio-capital-which-lost-96-in-2-months-to-shut-doors-20160210830/
Ebullio Capital Management, which lost 96% in two months about six years ago, is said to be closing down after failing to meet capital adequacy and compliance requirements. Citing a tough capital raising environment, Ebullio Founder and Managing Partner Lars Steffensen said, “It’s just not fun being a hedge fund manager any more.” The Financial Conduct Authority (FCA) regulated-hedge fund will be relying on its physical assets to reimburse investors. Ebullio shot into the headlines in March 2010 after posting back-to-back 70% and 86% monthly losses that year due to the forced liquidations of some large positions. The company’s portfolio was concentrated in physical mines...
Hedge Funds: Efficiency Or Waste?
2016-02-04T14:30:20.384979-05:00https://www.thetrustedinsight.com/investment-news/hedge-funds-efficiency-or-waste-20160204507/
Negative sentiment against hedge funds is overblown providing investors can identify the right managers using a robust approach, according to Chris Redmond
Why Bill Ackman Is Under-Performing - He Is Not A Close Index Fund
2016-02-03T11:21:38.606658-05:00https://www.thetrustedinsight.com/investment-news/why-bill-ackman-is-under-performing-he-is-not-a-close-index-fund-20160203413/
Here’s an overview, from Bill Ackman, on why his Pershing Square Capital is struggling. The fact is; the fund isn’t correlated. Perhaps the largest correlation in our portfolio is one that we have not previously considered; that is, the fact that we own large stakes in each of these companies. We have had the benefit of a “following” of investors who track and own many of our holdings. This has given us significantly greater clout than is reflected by our percentage ownership of these companies, and we believe that it is partially what has caused the “pop” in market price...
Why Do Hedge Fund Assets Keep Growing?
2016-02-03T10:30:19.267613-05:00https://www.thetrustedinsight.com/investment-news/why-do-hedge-fund-assets-keep-growing-20160203403/
Headlines in 2015 were not shy about calling out the poor returns of hedge funds. High fees, poor performance and drawdowns of notable managers were some favorite themes. However, despite all the negative press, industry assets continue to grow (in one of the longest equity bull markets no less), hitting $2.7 billion in AUM as of September 30th of last year: So the question becomes, if we take what the headlines say at face value, why do investors keep pouring money into hedge funds? Yes, looking at the benchmarks, managers in aggregate have not had a great year, with a...
Hedge Fund Ebullio Closing Down As Commodity Investments Turn Sour
2016-01-27T12:30:20.357394-05:00https://www.thetrustedinsight.com/investment-news/hedge-fund-ebullio-closing-down-as-commodity-investments-turn-sour-20160127069/
It’s been a long time coming for one of the most controversial FCA regulated hedge funds, as its investments were ill-timed.Keep on reading: Breaking: Hedge Fund Ebullio Closing Down as Commodity Investments Turn Sour
Mumbai Still Hub For MA Deals But NCR, Bangalore Catching Up
2016-01-21T16:15:48.119452-05:00https://www.thetrustedinsight.com/investment-news/mumbai-still-hub-for-ma-deals-but-ncr-bangalore-catching-up-20160121882/
<span style="line-height: 18.9091px;">In an interview with CNBC-TV18, Harish HV of Grant Thornton said that IT/ITeS and healthcare sector continue to dominate the private equity activity followed by education continues to heighten predominantly in IT/ITeS and healthcare, those are the two big sectors followed by education.</span>
We Got A Peek At How The Cancer Test That Jeff Bezos And Bill Gates Just Invested In Will Work
2016-01-20T12:02:05.081832-05:00https://www.thetrustedinsight.com/investment-news/we-got-a-peek-at-how-the-cancer-test-that-jeff-bezos-and-bill-gates-just-invested-in-will-work-20160120826/
Illumina, the maker of DNA-sequencing technology, grabbed headlines on Sunday when it said that it was teaming up with a group of Silicon Valley investors to develop a blood test for any kind of cancer at an earlier stage than previously possible.
Commodities Hold Promise For Argon’s Aurelia Lamorre-Cargill
2016-01-20T11:30:12.722695-05:00https://www.thetrustedinsight.com/investment-news/commodities-hold-promise-for-argons-aurelia-lamorre-cargill-20160120815/
The co-founder of new hedge fund firm Argon Capital Management plans to diversify by including sectors such as metals and agriculture. For hedge fund managers the past year has been euphoric, depressing or both, depending on the day and the strategy. Low
Wisconsin Housing Market Bounced Back To Pre-recession Levels In 2015
2016-01-19T16:55:22.916949-05:00https://www.thetrustedinsight.com/investment-news/wisconsin-housing-market-bounced-back-to-pre-recession-levels-in-2015-20160119758/
Wisconsin posted its best year for sales of existing homes in a decade in 2015 as closings on residential properties increased 11.4% and the median sale price rose 5.1%, a report released Monday shows.
Kohl's Corp. Directors Considering Taking Company Private, Report Says
2016-01-12T10:29:55.608429-05:00https://www.thetrustedinsight.com/investment-news/kohls-corp-directors-considering-taking-company-private-report-says-20160112405/
<span style="line-height: 20.8px;">Reacting to a published report, retail analysts said Monday that Kohl's Corp., with its considerable cash flow and slumping stock price, could be an attractive acquisition candidate for a private equity firm.</span>
10 Canadian Startup And Venture Capital Predictions For 2016
2016-01-07T14:05:15.368316-05:00https://www.thetrustedinsight.com/investment-news/10-canadian-startup-and-venture-capital-predictions-for-2016-20160107215/
<span style="font-family: 'Helvetica Neue', Helvetica, Arial, sans-serif; line-height: 18.2px;"> I’m now looking ahead to 2016; offering a sneak peek into some of the trends and events that may occur for tech and financing in the new year, and what opportunities and investment activities Omers Ventures will be focusing on.</span>
Call It The Theranos Effect: Health-Tech Startups Now Face A "Burden Of Proof"
2016-01-07T13:58:49.646289-05:00https://www.thetrustedinsight.com/investment-news/call-it-the-theranos-effect-health-tech-startups-now-face-a-burden-of-proof-20160107211/
The success of Theranos, the blood-testing startup recently valued at $10 billion, has inspired many other health-care startups in recent years. Now, in the wake of reports that question the accuracy and effectiveness of its technology, the company is serving as a cautionary tale of what happens when Silicon Valley's disruptive ethos clashes with regulated sectors of the economy.
Google Loses Robotics Chief To Toyota's $1B Research Lab
2016-01-06T10:52:22.276934-05:00https://www.thetrustedinsight.com/investment-news/google-loses-robotics-chief-to-toyotas-1b-research-lab-20160106075/
James Kuffner, the head of Google's robotics division and one of the original team of ten who started its self-driving car work, has left the company for a job at Toyota's $1 billion research institute in Silicon Valley.
The Real Deal’s Hottest Stories Of 2015
2016-01-04T17:03:22.223113-05:00https://www.thetrustedinsight.com/investment-news/the-real-deals-hottest-stories-of-2015-20160104992/
New York City has, for quite some time, been the world’s most dynamic and high-stakes real estate market. But 2015 pushed all the elements that make it so fascinating — its price points, its global appeal, its megadeals, and the chutzpah of the players involved — to a new level.
UAE Construction Year In Review: Difficult Period Amid Oil Slump
2015-12-22T12:50:00.901042-05:00https://www.thetrustedinsight.com/investment-news/uae-construction-year-in-review-difficult-period-amid-oil-slump-20151222552/
With the prolonged plunge for oil prices, developers around the region faced increasingly bleak prospects in 2015. A few big names still found traction amid the downturn, but all will enter 2016 with a more sober outlook.
99 Percent Of Costa Rica's 2015 Electricity Comes From Renewable Sources
2015-12-21T15:38:20.876489-05:00https://www.thetrustedinsight.com/investment-news/99-percent-of-costa-ricas-2015-electricity-comes-from-renewable-sources-20151221508/
The Costa Rican Electricity Institute on Friday said that 99 percent of the country's electricity has been generated from renewable sources. The nation's milestones in renewable energy have placed it in the global spotlight.
Blume Ventures Raises $30 Million, Looks To Invest In 35-45 Startups
2015-12-21T10:27:11.113955-05:00https://www.thetrustedinsight.com/investment-news/blume-ventures-raises-30-million-looks-to-invest-in-35-45-startups-20151221445/
Early-stage technology investor Blume Ventures has raised more than $30 million for its Fund II. This brings Blume Ventures halfway across to its Fund II target corpus of $60 million. This round was lead by ICONIQ Capital, which adds to its early supporters IIFLWealth and the Government’s India Aspiration Fund, administered through SIDBI. In July, SIDBI announced that it had set aside Rs 2,000 cr fund-of-funds for startups.
Capital Midwest Fund Raises Nearly $30M For Venture Capital Fund
2015-12-17T15:47:31.427155-05:00https://www.thetrustedinsight.com/investment-news/capital-midwest-fund-raises-nearly-30m-for-venture-capital-fund-20151217324/
Capital Midwest Fund has raised nearly $30 million from 32 investors for a third venture capital fund, according to a document filed with federal securities regulators.
In Defense Of Hedge Funds: A Hard Look At The Numbers
2015-12-17T15:00:25.194858-05:00https://www.thetrustedinsight.com/investment-news/in-defense-of-hedge-funds-a-hard-look-at-the-numbers-2-20151217299/
Hedge funds have come under increased scrutiny in the past couple of years, largely in part due to their underperformance relative to those of conventional assets. Disappointing headlines of lackluster returns, negative publicity surrounding manager compensation, and CALPERS’ decision to withdraw from hedge funds altogether – all points which have been addressed in previous posts on our blog – no doubt reflect a growing disenchantment with the hedge fund industry. However, a proper discussion of hedge fund performance in the broader context of portfolio inclusion warrants a closer inspection of the methods used to evaluate these strategies. What we’ll find...
Beloit Power Plant Takes 'major Step Forward'
2015-12-17T14:24:57.495438-05:00https://www.thetrustedinsight.com/investment-news/beloit-power-plant-takes-major-step-forward-20151217293/
Utilities in Madison and Milwaukee have settled a dispute over whether the $700 million plant should be built.
Hedge Funds And Sovereign Wealth Funds Emerge As New Players Entering Intellectual Property Market
2015-12-16T17:00:22.368586-05:00https://www.thetrustedinsight.com/investment-news/hedge-funds-and-sovereign-wealth-funds-emerge-as-new-players-entering-intellectual-property-market-20151216245/
An increasingly diverse mix of hedge funds, sovereign wealth funds and entrepreneurs are behind a wave of new business models targeting a share of the fast growing multi-billion dollar intellectual property (IP) industry, according to IP data provider IAM. read more
PSC clears sale of We Energies power plant near Wauwatosa hospitals
2015-12-11T13:06:27.222743-05:00https://www.thetrustedinsight.com/investment-news/psc-clears-sale-of-we-energies-power-plant-near-wauwatosa-hospitals-20151211936/
The Milwaukee Regional Medical Center is buying the plant and plans to heat hospital buildings with natural gas rather than coal.
Growth in the hedge fund sector slows
2015-12-10T14:00:18.108221-05:00https://www.thetrustedinsight.com/investment-news/growth-in-the-hedge-fund-sector-slows-20151210848/
In this exclusive excerpt from Preqin's forthcoming 2016 Global Hedge Fund Report, due out in January, we take a closer look at how the hedge fund industry has changed over the course of 2015. read more
Apax Partners to buy Malta operator Melita
2015-12-09T16:00:24.261715-05:00https://www.thetrustedinsight.com/investment-news/apax-partners-to-buy-malta-operator-melita-20151209812/
(Telecompaper) Apax Partners is continuing its expansion in the telecom market with the acquisition of Malta operator Melita...
Bankrupt juice chain Organic Avenue to be rejuvenated
2015-12-09T15:00:23.475288-05:00https://www.thetrustedinsight.com/investment-news/bankrupt-juice-chain-organic-avenue-to-be-rejuvenated-20151209792/
There is life yet in Organic Avenue, the juice chain that appeared to be sucked dry when it filed for bankruptcy protection in October. Private investment firm Arrow Equity Fund acquired the... To view the full story, click the title link.
Lyxor: Hedge Funds Maintaining Defensive Stance
2015-12-09T11:30:21.965686-05:00https://www.thetrustedinsight.com/investment-news/lyxor-hedge-funds-maintaining-defensive-stance-20151209756/
Hedge funds moved higher last week as established trends in foreign exchange, equities, commodities and fixed income largely continued intact, according to Lyxor Asset Management’s most recent Weekly Brief. The Lyxor Hedge Fund Index gained 0.6% in the period between November 24 and December 1, 2015, which encompassed the U.S. Thanksgiving holiday but does not include the ECB’s monetary policy announcement on December 3rd, which caused significant trend reversals. Long term CTAs outperformed, rising 1.5%, while Event-driven recovered from recent weakness to gain 0.7%. L/S Equity and Global Macro rose 0.4% and 0.6%, respectively. L/S Credit and Fixed Income Arbitrage...
RCom to sell tower assets to Tillman-TPG
2015-12-08T18:00:23.367807-05:00https://www.thetrustedinsight.com/investment-news/rcom-to-sell-tower-assets-to-tillman-tpg-20151208723/
(Telecompaper) Indian mobile operator Reliance Communications (RCom) has signed a non-binding agreement to sell its telecom towers to Tillman Global Holdings and private equity buyout group TPG Asia. Tillman and TPG will acquire RCom's tower assets and related infrastructure. The specified assets are intended to be transferred from Reliance Infratel into a separate special purpose vehicle that will be owned 100 percent by Tillman and TPG. RCom plans to use the proceeds of the proposed transaction to reduce its debt.
Google nearly doubles bet on renewable energy
2015-12-04T16:43:58.849124-05:00https://www.thetrustedinsight.com/investment-news/google-nearly-doubles-bet-on-renewable-energy-20151204570/
Google is nearly doubling the amount of renewable energy feeding its massive data centers that enable more than 1 billion people to search for information, watch video clips and communicate virtually anytime they want.
Nikesh Arora, Softbank aim to be tech's Berkshire Hathaway
2015-12-03T12:49:35.477327-05:00https://www.thetrustedinsight.com/investment-news/nikesh-arora-softbank-aim-to-be-techs-berkshire-hathaway-20151203499/
<span style="line-height: 20.8px;">Arora isn’t a movie idol or a YouTube star—he’s a tech executive, and one whose name most Americans wouldn’t recognize. He didn’t encounter this sort of reception in San Francisco, where he had spoken at TechCrunch Disrupt a month prior, or in New York City, where he addressed a Goldman Sachs gathering. At such events he’s treated with a mixture of respect and curiosity, as you’d expect for someone who helped turn Google </span><span style="line-height: 20.8px;">into a behemoth and then left it, not for a CEO job, not to business-ify another up-and-coming Silicon Valley company, but to make investments at SoftBank</span><span style="line-height: 20.8px;">, an enigmatic Japanese telecom conglomerate.</span>
In Defense of Hedge Funds: A Hard Look at the Numbers
2015-11-24T10:30:13.517272-05:00https://www.thetrustedinsight.com/investment-news/in-defense-of-hedge-funds-a-hard-look-at-the-numbers-1-20151124006/
Hedge funds have come under increased scrutiny in the past couple of years, largely in part due to their underperformance relative to those of conventional assets. Disappointing headlines of lackluster returns, negative publicity surrounding manager compensation, and CALPERS’ decision to withdraw from hedge funds altogether – all points which have been addressed in previous posts on our blog – no doubt reflect a growing disenchantment with the hedge fund industry. However, a proper discussion of hedge fund performance in the broader context of portfolio inclusion warrants a closer inspection of the methods used to evaluate these strategies. What we’ll find...
The Life of a Jet-Setting 29-Year-Old Venture Capitalist
2015-11-23T18:16:21.584895-05:00https://www.thetrustedinsight.com/investment-news/the-life-of-a-jet-setting-29-year-old-venture-capitalist-20151123997/
<span style="line-height: 20.8px;">From Revolution's two-person San Francisco office, the prominent D.C. headquartered venture capital firm's youngest partner, 29-year-old</span>
Triangle venture capital firm sues former Chimerix CEO over anonymous emails
2015-11-23T18:14:29.237479-05:00https://www.thetrustedinsight.com/investment-news/triangle-venture-capital-firm-sues-former-chimerix-ceo-over-anonymous-emails-20151123995/
Kenneth Moch, the former CEO of Chimerix who made national headlines last year for refusing to supply an experimental drug to a critically ill child, has been sued for pursuing an anonymous, allegedly malicious smear campaign against A.M. Pappas & Associates, a prominent Triangle venture capital firm.
Investors who got in Square at $6 billion valuation made a killing
2015-11-20T15:51:10.322939-05:00https://www.thetrustedinsight.com/investment-news/investors-who-got-in-square-at-6-billion-valuation-made-a-killing-20151120904/
Everyone is crowing about the collapse of Square's valuation and how the late-stage investors who valued the company at $6 billion are dumb.
New York Biggest Commercial Real Estate Deals
2015-11-19T14:15:23.798287-05:00https://www.thetrustedinsight.com/investment-news/new-york-biggest-commercial-real-estate-deals-20151119758/
The top 10 commercial building sales, listed here, total $13.06 billion and span nearly 11 million square feet.
RiverTower Close To Being Sold For $390M
2015-11-12T16:24:55.218960-05:00https://www.thetrustedinsight.com/investment-news/rivertower-close-to-being-sold-for-390m-20151112339/
Earlier this week, the firm partnered with Adam America Real Estate and Vanke to acquire a development site in downtown Brooklyn for $50 million, where it will erect a condo tower.
Ken Griffin Has Katy Perry At Citadel Birthday Party
2015-11-11T16:35:19.068423-05:00https://www.thetrustedinsight.com/investment-news/ken-griffin-has-katy-perry-at-citadel-birthday-party-20151111277/
The richest man in Illinois invited pop star Katy Perry to play the 25th anniversary party of his Chicago hedge fund, Citadel. Perry allegedly charges $500,000 per set and played at this year’s Super Bowl, but money is no object for Griffin. The hedge fund billionaire recently finalized a divorce, and is still worth $7.1 billion, according to DNA Info. Left Shark performed alongside Perry at a lavish bash which took place just a few weeks after Griffin’s birthday. Perry was obviously not chosen for her politics, with the staunch Clinton supporter singing at a bash organized by the generally...
POPxo receives ‘XOXOs’ from IDGVI, Kalaari Capital, and 500Startups, raises $2M Series A funding
2015-11-09T16:04:01.376519-05:00https://www.thetrustedinsight.com/investment-news/popxo-receives-xoxos-from-idgvi-kalaari-capital-and-500startups-raises-2m-series-a-funding-20151109116/
POPxo, a community and digital media platform catering to young women, has raised $2 million in Series A funding. The investment round was led by IDG Ventures India and Kalaari Capital with participation from 500 Startups. Launched in March 2014, POPxo mainly caters to young women in the age group of 18-34 across topics such as fashion, […]
Country Garden Backs Out of Beijing Land Deals
2015-11-06T18:04:09.219197-05:00https://www.thetrustedinsight.com/investment-news/country-garden-backs-out-of-beijing-land-deals-20151106002/
<p>SHANGHAI: Chinese developer Country Garden Holdings Co has decided not to buy two plots of land it won at a Beijing auction after the final prices exceeded its budget, in a sign that homebuilders are under pressure from surging land costs.</p>
<p>Country Garden would not buy the two sites in Beijing’s suburban Fengtai district it won in the auction with co-bidding developer China Jinmao Holdings Group Ltd on Oct 21, it said in an e-mailed reply to Bloomberg queries.</p>
Pitching your startup to the media: a checklist
2015-11-06T11:15:03.890213-05:00https://www.thetrustedinsight.com/investment-news/pitching-your-startup-to-the-media-a-checklist-20151106921/
Journalists get plenty of pitches on a daily basis. Here’s a checklist to elevate your chances of getting covered among the hopeful hundreds.
Intel Capital invests in FreedomPop, Sckipio
2015-11-05T13:55:51.020523-05:00https://www.thetrustedinsight.com/investment-news/intel-capital-invests-in-freedompop-sckipio-20151105863/
(Telecompaper) Intel Capital announced a new round of financing worth over USD 22 million for ten startups. The new investments put the company on track to invest over USD 500 million in total this year.
Interview with Stripe co-founder John Collison on Silicon Valley and the tech bubble
2015-11-03T17:43:15.267446-05:00https://www.thetrustedinsight.com/investment-news/interview-with-stripe-co-founder-john-collison-on-silicon-valley-and-the-tech-bubble-20151103743/
The 4-year-old San Francisco company builds tools for businesses that lets them easily accept and track online payments, managing things like integration with banks and online systems.
Sid Bass: Why the Fort Worth billionaire saved Blue Bell
2015-11-02T18:02:51.364392-05:00https://www.thetrustedinsight.com/investment-news/sid-bass-why-the-fort-worth-billionaire-saved-blue-bell-20151102664/
When Blue Bell ice cream makes its triumphant return to Fort Worth on Monday morning, signature flavors like Cookies ’n Cream, Homemade Vanilla and Dutch Chocolate will taste extra-sweet and satisfyi...
Steven Cohen: Will the biggest fish in the hedge fund ocean get to swim free again?
2015-11-02T10:58:37.958275-05:00https://www.thetrustedinsight.com/investment-news/steven-cohen-will-the-biggest-fish-in-the-hedge-fund-ocean-get-to-swim-free-again-20151102585/
We use cookies to enhance your visit to our site and to bring you advertisements that might interest you. Read our Privacy and Cookies policies to find out more. Welcome to the new Independent website. We hope you enjoy it and we value your feedback. Please contact us here. Employees who packed up their belongings and left the hedge fund SAC Capital’s defunct London offices for the last time in December 2013 probably thought it was over. The US-based investment firm, led by Steven Cohen, had been indicted on insider trading allegations. Most star fund managers left for rivals in...
In Defense of Hedge Funds: A Hard Look at the Numbers
2015-10-30T14:48:48.879177-04:00https://www.thetrustedinsight.com/investment-news/in-defense-of-hedge-funds-a-hard-look-at-the-numbers-20151030545/
Hedge funds have come under increased scrutiny in the past couple of years, largely in part due to their underperformance relative to those of conventional assets. Disappointing headlines of lackluster returns, negative publicity surrounding manager compensation, and CALPERS’ decision to withdraw from hedge funds altogether – all points which have been addressed in previous posts on our blog – no doubt reflect a growing disenchantment with the hedge fund industry. However, a proper discussion of hedge fund performance in the broader context of portfolio inclusion warrants a closer inspection of the methods used to evaluate these strategies. What we’ll find...
KKR close to buying a piece of 30 Hudson Yards
2015-10-29T16:53:33.094844-04:00https://www.thetrustedinsight.com/investment-news/kkr-close-to-buying-a-piece-of-30-hudson-yards-20151029512/
Private-equity giant KKR will be the latest firm to have a stake in the emerging Hudson Yards neighborhood on the far West Side of Manhattan. KKR is close to completing a deal to buy a piece of 30... To view the full story, click the title link.
Chinese Investors Are Scooping Up NYC Real Estate, Aided By Like-Minded Russians
2015-10-28T14:04:46.829392-04:00https://www.thetrustedinsight.com/investment-news/chinese-investors-are-scooping-up-nyc-real-estate-aided-by-like-minded-russians-20151028434/
Chinese and Russian ultra net-worth individuals and businesses have become major engines in U.S. real estate.
Russian billionaire strikes deal to settle 'divorce of the century'
2015-10-27T10:28:21.359642-04:00https://www.thetrustedinsight.com/investment-news/russian-billionaire-strikes-deal-to-settle-divorce-of-the-century-20151027345/
Russian billionaire Dmitry Rybolovlev and his ex-wife Elena today announced they had reached a deal to settle their divorce, which had been dubbed the costliest break-up of all time. In May, 2014, a ...
Three Questions Every Hedge Fund Should Ask About the Public Cloud
2015-10-21T13:58:06.551360-04:00https://www.thetrustedinsight.com/investment-news/three-questions-every-hedge-fund-should-ask-about-the-public-cloud-20151021065/
There’s no doubt about it – the cloud can be a valuable asset to your organization, particularly in the financial trading space. For example, public clouds are low cost and flexible, while private clouds can offer increased security and industry-specific features. If you’ve decided to embark on a cloud initiative, it doesn’t matter if you’re a new hedge fund startup preparing for the growth of your business, or an established investment firm, weighing your options for an application upgrade or technology refresh initiative. In either situation, your decision doesn’t end with the choice to move to the cloud; it begins...
China Real Estate Investment Keeps Sliding As Home Sales Cool Off
2015-10-21T10:07:52.386815-04:00https://www.thetrustedinsight.com/investment-news/china-real-estate-investment-keeps-sliding-as-home-sales-cool-off-20151021017/
China’s rate of investment in real estate projects slid to a six-year low in September as the nation’s property developers continued to shy away from new projects in the face of rising costs and uncertain demand.