Trusted Insighthttp://thetrustedinsight.com/2017-08-23T16:18:30.745590-04:00Trusted 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 We Are Launching an Autoimmune Disease/Diabetes Innovation Venture Fund – Lyfebulb Ventures
2017-08-23T16:18:30.745590-04:00https://www.thetrustedinsight.com/investment-news/why-we-are-launching-a-diabetes-innovation-fund-t1d-capital-by-lyfebulb-20170823240/
Lyfebulb, the company co-founded by <strong>Dr. Karin Hehenberger PhD</strong>, with <strong>Dr. Steve Squinto</strong>, Venture partner Orbimed and <strong>Riccardo Braglia</strong>, CEO Helsinn, is about to launch an early-stage Autoimmune Disease / Diabetes Innovation Venture Fund. The Scientific Advisory Board is chaired by <strong>Robert Langer PhD</strong>, David H. Koch Institue, MIT.<br />
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Focused on breakthrough opportunities in autoimmune, insulin-dependent diabetes and other associated autoimmune diseases. Our goals are to deliver a superior return on investment.
March Capital Targets $150M For Two Separate Funds
2017-08-08T15:57:04.062788-04:00https://www.thetrustedinsight.com/investment-news/march-capital-targets-150m-for-two-separate-funds-20170808415/
<p>March Capital Partners is seeking to raise $150 million for its second fund, according to an SEC filing. Also, the Santa Monica, California-based tech-focused venture firm is targeting the same amount for its second opportunity fund. </p>
Y Combinator To Raise $1B Fund
2017-07-24T10:09:34.633078-04:00https://www.thetrustedinsight.com/investment-news/y-combinator-to-raise-1b-fund-20170724136/
<p>Between the mentorship, the network and the general support, a good startup accelerator will lift a new startup on its shoulders and present it to the world with the pride and admiration of a new parent. However, the capital goes a long way, which is why it’s a big deal that Y Combinator is raising a $1 billion fund.</p>
Happy 150th Birthday Canada
2017-07-01T13:19:29.769381-04:00https://www.thetrustedinsight.com/investment-news/happy-150th-birthday-canada-20170701777/
Cheers from the Team at Black Swan Dexteritas, Tech Hedge Fund. Enjoy and stay safe !!!<br />
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<a href="http://www.blackswandexteritas.com"><span style="color: rgb(51, 51, 51); font-family: sans-serif, Arial, Verdana, 'Trebuchet MS'; font-size: 13px; background-color: rgb(255, 255, 255);">www.blackswandexteritas.com</span></a>
Helion Venture’s To Raise $100M Fund
2017-05-30T10:09:42.257591-04:00https://www.thetrustedinsight.com/investment-news/helion-ventures-to-raise-100m-fund-20170530910/
<p>Rahul Chandra, managing director at Helion Venture Partners, is raising a new early-stage fund called Unitary Helion, which will target a corpus of $100 million. The new fund will invest in financial technology firms, digital marketplaces and value-chain innovation in core sectors such as financial services, agri-business, logistics and healthcare. </p>
Horsley Bridge Partners Seeks $1.3B Venture Fund Of Funds
2017-05-26T11:19:43.977985-04:00https://www.thetrustedinsight.com/investment-news/horsley-bridge-partners-seeks-13b-venture-fund-of-funds-20170526874/
Horsley Bridge Partners has set out to raise a $1.3 billion venture capital fund of funds, according to a filing with the SEC. The fund, Horsley Bridge XII Venture, will be the firm’s twelfth.
Akkadian Ventures Raises $118M For Fourth Fund
2017-05-19T10:14:40.844201-04:00https://www.thetrustedinsight.com/investment-news/akkadian-ventures-raises-118m-for-fourth-fund-20170519667/
Akkadian Ventures has raised over $118 million for its fourth fund, according to an SEC filing. Based in San Francisco, Akkadian focuses on the software, internet and mobile sectors.
Clarus Ventures Raises $789.7M Toward Fourth Fund
2017-05-19T10:07:16.501253-04:00https://www.thetrustedinsight.com/investment-news/clarus-raises-7897m-toward-fourth-venture-fund-20170519666/
Clarus Ventures has raised $789.7 million toward an $880 million fourth venture fund, according to a filing with the SEC.
8VC Seeks $400M Co-Investment Fund
2017-05-16T10:01:01.531567-04:00https://www.thetrustedinsight.com/investment-news/8vc-seeks-400m-co-investment-fund-20170516529/
<p>8VC, San Francisco-based venture capital fund, has raised $256.8 million toward a $400 million co-investment fund. So far, 8VC's Co-Invest Fund attracted collaboration from 26 LPs, according to a filing with the SEC.</p>
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SAIF Partners Seek $400M Indian Fund
2017-05-10T10:16:29.361049-04:00https://www.thetrustedinsight.com/investment-news/saif-partners-seek-400m-indian-fund-20170510364/
SAIF Partners, an early investor in mobile payments and digital wallet player Paytm, has begun raising its third India-dedicated fund of about $350-400 million. The new fund will make SAIF Partners one of the largest venture funds in India after Sequoia Capital, Accel India and Nexus Venture Partners all of which have over $1 billion in assets under management.
Israeli Startup Raising Dips In Q1 2017
2017-04-26T10:37:49.542301-04:00https://www.thetrustedinsight.com/investment-news/israeli-startup-raising-dips-in-q1-2017-20170426911/
In the first quarter of 2017, Israeli high-tech companies raised $1.03 billion in 155 transactions. This amount is 4% down from $1.07 billion raised in 165 deals in the preceding quarter and 8% down from$1.11 billion raised in 174 deals in the first quarter of 2016.
Draper Fisher Jurvetson Raises $535M Third Fund
2017-04-22T15:47:37.963828-04:00https://www.thetrustedinsight.com/investment-news/draper-fisher-jurvetson-raises-535m-third-fund-20170422817/
DFJ Growth has closed a third fund at $535 million, according to a news report on TechCrunch. The firm's $470 million previous growth fund was raised in May 2014.
Yellow Wood Capital Partners Seek $360M For Second Fund
2017-04-16T20:00:14.091453-04:00https://www.thetrustedinsight.com/investment-news/yellow-wood-capital-partners-seek-360m-for-second-fund-20170416617/
Boston-based Yellow Wood Capital Partners, a consumer-focused private equity firm, has raised $180 million for its second fund, according to an SEC filing. The target is $360 million. In 2012, the firm closed its debut fund at $225 million, beating its $200 million target.
Spiral Ventures Seeks $53M To Invest In Startups
2017-03-31T12:16:42.708457-04:00https://www.thetrustedinsight.com/investment-news/spiral-ventures-seeks-53m-to-invest-in-startups-20170331061/
IMJ Investment Partners is rebranding to Spiral Ventures and is in the process of raising funds for a Japan fund with a targeted close of approximately $53 million. The rebrands is meant to appeal to both current and potential LPS and to differentiate it from the IMJ brand. This rebrand will also see a new fund – the Spiral Asia Global Fund – targeting opportunities in India and Southeast Asia.
Source Code Capital Seeks $260M For Third Fund In Tech Startups
2017-03-21T10:55:32.643513-04:00https://www.thetrustedinsight.com/investment-news/source-code-capital-seeks-260m-for-third-fund-in-tech-startups-20170321701/
Source Code Capital is seeking to raise $260 million for its third fund, according to an SEC filing. The China-based venture firm focuses on tech startups.
Reciprocal Ventures Seeks $60M For First Fund In Fintech
2017-03-17T10:42:57.245237-04:00https://www.thetrustedinsight.com/investment-news/reciprocal-ventures-seeks-60m-for-first-fund-20170317593/
Reciprocal Ventures is seeking to raise $60 million for its inaugural fund, according to an SEC filing. Based in New York City, the venture firm focuses on fintech.
CoVenture Leads $70M Investment In Cash Flow Solution Startup
2017-03-15T12:19:41.975433-04:00https://www.thetrustedinsight.com/investment-news/coventure-leads-70m-investment-for-cash-flow-solution-startup-20170315498/
When Pablo Borquez Schwarzbeck was growing up he always loved the work he saw going on around his family’s farm. But without the aptitude for it, Schwarzbeck chose to go the business school route. Now, with his Los Angeles-based startup ProducePay, Schwarzbeck says he’s giving back to the communities that nurtured him.
Breakout Capital – a Leading FinTech Company Providing Working Capital Solutions to Small Businesses – Secures Credit Facility with Drift Capital Partners
2017-02-09T16:29:26.571876-05:00https://www.thetrustedinsight.com/investment-news/breakout-capital-a-leading-fintech-company-providing-working-capital-solutions-to-small-businesses-secures-credit-facility-with-drift-capital-partners-20170209344/
“We have enjoyed a long-standing financial partnership with Drift, and we appreciate the continued trust they have placed in us with this new credit facility. Drift’s facility will further bolster o...
MetLife Raises $800M For US Real Estate Debt Fund
2017-01-26T17:45:11.451573-05:00https://www.thetrustedinsight.com/investment-news/metlife-raises-800m-for-us-real-estate-debt-fund-20170126877/
MetLife Real Estate Investors has raised $800m (€744.3m) for its MetLife Commercial Mortgage Income Fund, according to sources familiar with the manager’s capital raising activities.
Anthony LeCour Joins Dresner Partners As Managing Director
2016-11-22T16:24:23.724814-05:00https://www.thetrustedinsight.com/investment-news/anthony-lecour-joins-dresner-partners-as-managing-director-20161122626/
<p>Dresner Partners, a leading FINRA-registered, middle-market investment bank and IMAP member firm focused on mergers and acquisitions, as well as capital raising and valuations to closely-held, family-owned and sponsor-backed companies for over 25 years, announced today that Anthony LeCour has joined the firm as Head of the New York Consumer and Retail Group.</p>
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Brazilian Buyout Firm 3G Capital Raising $8B - $10B For M&A
2016-11-10T12:13:13.779177-05:00https://www.thetrustedinsight.com/investment-news/brazilian-buyout-firm-3g-capital-raising-8b-10b-for-ma-20161110102/
<p>Brazilian buyout firm 3G Capital is seeking to raise $8 billion to $10 billion through a new fund to finance an acquisition, website Brazil Journal said on Tuesday, citing sources close to the company.</p>
3G Capital Raising Up To $10B For Takeover
2016-11-08T16:52:48.152112-05:00https://www.thetrustedinsight.com/investment-news/3g-capital-raising-up-to-10b-for-takeover-20161108007/
3G Capital Inc, the buyout firm controlled by Brazilian billionaire financier Jorge Paulo Lemann, is raising between $8 billion and $10 billion to finance an acquisition of a global consumer goods firm, a Brazil-based
Hedge Fund Launches Dwindle To 16-Year Low As Returns Lag: Chart
2016-10-20T18:45:11.242237-04:00https://www.thetrustedinsight.com/investment-news/hedge-fund-launches-dwindle-to-16-year-low-as-returns-lag-chart-20161020012/
Hedge fund startups, which were surging a decade ago, have fallen off a cliff in 2016 and are heading for their worst year since 2000, according to Eurekahedge. Globally, there have been just 457 fund launches through the first nine months of this year, compared to 876 in 2015, the Singapore-based data provider said. "The capital raising environment for newer launches is quite difficult to put it mildly and with existing offerings out...
Single-Investor Products Assume Leading Role In Private Equity Capital Raising
2016-09-29T11:59:15.293706-04:00https://www.thetrustedinsight.com/investment-news/single-investor-products-assume-leading-role-in-private-equity-capital-raising-20160929926/
Since 2010, asset managers using private, single-investor structures have raised around $128 billion, according to Bain & Co.’s Global Private Equity Report 2015. This figure rivals — and for some asset managers, may exceed — capital raised in commingled private fund products during the same period.
Oman State Fund Invests $100M In Irish Mining Company
2016-06-23T17:24:54.989226-04:00https://www.thetrustedinsight.com/investment-news/oman-state-fund-invests-100m-in-irish-mining-company-20160623972/
Oman’s State General Reserve Fund (SGRF) has signed a deal with Ireland-based Kenmare Resources for a $100 million equity investment in the mining company, a report said. The deal with the SGRF is part of a new $275-million capital raising by Kenmare, added the Oman Observer report.
Macromoney fund manager, Maciej Wisniewski, was pitching the fund at GAIM 2016 in Amsterdam
2016-06-23T06:44:18.641860-04:00https://www.thetrustedinsight.com/investment-news/macromoney-fund-manager-maciej-wisniewski-was-pitching-the-fund-at-gaim-2016-in-amsterdam-20160623920/
How A Chinese Billionaire Grabbed A $260M Stake In Virgin
2016-06-13T14:49:44.494701-04:00https://www.thetrustedinsight.com/investment-news/how-a-chinese-billionaire-grabbed-a-260m-stake-in-virgin-20160613382/
There is lots of serendipity behind Chinese billionaire Song Suowen's strategic purchase of a 20 per cent stake in Virgin Australia for $260 million.
Hedge Fund Distribution Hiring Strengthened By Market Volatility
2016-05-23T14:25:37.714442-04:00https://www.thetrustedinsight.com/investment-news/hedge-fund-distribution-hiring-strengthened-by-market-volatility-20160523079/
Hedge Fund Distribution Hiring Strengthened By Market Volatility by Context Jensen Partners Private Equity Distribution – Hiring Trends 2015 Despite continued market volatility, we have seen no let down in capital raising hiring in 2016, with over 80 marketing moves […]
MTS Health Investors Is More Than Half Way To $300M For Fund IV
2016-03-12T10:30:23.340042-05:00https://www.thetrustedinsight.com/investment-news/mts-health-investors-is-more-than-half-way-to-300m-for-fund-iv-20160312415/
MTS Health Investors so far raised $155 million toward a target of $300 million for its fourth private equity fund, according to a filling with the Securities and Exchange Commission.
Quebec's XPND Capital Closes Second Fund At $75M
2016-03-12T09:00:23.293703-05:00https://www.thetrustedinsight.com/investment-news/quebecs-xpnd-capital-closes-second-fund-at-75m-20160312409/
Canadian private equity investor XPND Capital said it closed its second fund at $75 million Canadian dollars.
Main Post Raises Whopping $400M For Inaugural PE Fund
2016-03-09T12:05:20.619200-05:00https://www.thetrustedinsight.com/investment-news/main-post-raises-whopping-400m-for-inaugural-pe-fund-20160309234/
Main Post Partners has raised $400 million for its inaugural private equity fund, closing well in excess of its original $250 million target.
Tribeca Venture Partners Raises $107M Second Early Stage Fund
2016-02-29T11:16:26.063794-05:00https://www.thetrustedinsight.com/investment-news/tribeca-venture-partners-raises-107m-second-early-stage-fund-20160229684/
The early stage, New York based fund had a target of $100 million and was oversubscribed. Tribeca Venture Partners II will follow a similar tech-focused strategy of backing consumer and enterprise businesses, the post said.
Columbia Capital Raises $247M For Private Equity Fund
2016-02-27T16:00:13.136842-05:00https://www.thetrustedinsight.com/investment-news/columbia-capital-raises-247m-for-private-equity-fund-20160227621/
Columbia Capital raised at least $247.07 million for a new private equity fund, according to filings with the Securities and Exchange Commission.
Andrew Chung's 1955 Capital Launches With First Close Of $200M
2016-02-26T10:36:16.539980-05:00https://www.thetrustedinsight.com/investment-news/andrew-chungs-1955-capital-launches-with-first-close-of-200m-20160226540/
1955 Capital announced the launch of its venture capital firm with an initial close on $200 million in anchor commitments, exceeding its initial target and making it one of the largest first-time independent venture firm launches in recent years.
Battery Ventures Raises Pair Of Funds At $950M
2016-02-23T15:14:24.619702-05:00https://www.thetrustedinsight.com/investment-news/battery-ventures-raises-pair-of-funds-at-950m-20160223383/
Battery has raised a main fund, Battery Ventures XI, at $650 million, along with a side fund at $300 million that is intended to support larger investments. The total is similar to a 10th pair of funds, a $650 main fund and a $250 million side fund, that Battery raised in 2013.
Ludlow Ventures To Raise Second VC Fund Of $55M
2016-02-21T12:30:10.261440-05:00https://www.thetrustedinsight.com/investment-news/ludlow-ventures-to-raise-second-vc-fund-of-55m-20160221322/
Jonathon Triest is raising a second venture capital fund of up to $55 million, according to a form filed with the U.S. Securities and Exchange Commission. His first fund of $15.5 million was raised in 2014.
Sierra Ventures Raises $170M
2016-02-20T10:30:10.049464-05:00https://www.thetrustedinsight.com/investment-news/sierra-ventures-raises-170m-20160220274/
Cooley advised Sierra Ventures on the closing of its eleventh fund at $170 million, exceeding its target. The fund will focus on seed, Series A and Series B investments. Sierra is an early-stage enterprise and consumer technology venture capital firm.
Columbia Capital Closes Venture Fund At $500M Hard Cap
2016-02-19T16:30:23.581855-05:00https://www.thetrustedinsight.com/investment-news/columbia-capital-closes-venture-fund-at-500m-hard-cap-20160219253/
<span style="line-height: 20.8px;">Columbia Capital</span><span style="line-height: 20.8px;"> announced that during the fourth quarter of 2015 the Firm closed its latest venture capital fund, </span><span style="line-height: 20.8px;">Columbia Capital Equity Partners VI </span><span style="line-height: 20.8px;">at </span><span style="line-height: 20.8px;">$500 million</span><span style="line-height: 20.8px;">.</span>
Rogue Launches New Venture Fund With Oregon State
2016-02-17T16:30:10.586978-05:00https://www.thetrustedinsight.com/investment-news/rogue-launches-new-venture-fund-with-oregon-state-20160217125/
Portland investment firm Rogue Venture Partners is launching a new startup fund with Oregon State University. Rogue has already raised $4 million for the current fund and hopes to raise between $10 million and $20 million by the end of that, according to Tom Sperry, the firm's managing director.
Simone Dalle Nogare, Macromoney Director, was a panelist at the Alternative Emerging Manager Breakfast Seminar in London organised by Apex on 11th February 2016
2016-02-15T07:59:55.811166-05:00https://www.thetrustedinsight.com/investment-news/simone-dalle-nogare-macromoney-director-was-a-panelist-at-the-alternative-emerging-manager-breakfast-seminar-in-london-organised-by-apex-on-11th-february-2016-20160215059/
Tim Draper Is Raising A New Venture Capital Fund
2016-02-14T11:30:11.252253-05:00https://www.thetrustedinsight.com/investment-news/tim-draper-is-raising-a-new-venture-capital-fund-20160214029/
<span style="line-height: 20.8px;">DFJ co-founder will commit $50 million to the new effort.</span>
DFJ Raises $350M 12th Venture Fund
2016-02-12T17:00:12.594122-05:00https://www.thetrustedinsight.com/investment-news/dfj-raises-350m-12th-venture-fund-20160212957/
The firm said DFJ Venture XII was oversubscribed and raised in record time and with a single close. The fund admitted several new LPs in addition to those re-upping, according to the post.
Synova Capital' Third Fund Raises £250M
2016-02-12T12:00:23.053436-05:00https://www.thetrustedinsight.com/investment-news/synova-capital-third-fund-raises-250m-20160212937/
Macfarlanes has advised Synova Capital on the raising of its third fund, which has now held a final closing at its hard cap of £250 Million.
As Hedge Funds Stumble, One Firm Prepares To Buy Illiquid Stakes
2016-02-12T10:30:24.610968-05:00https://www.thetrustedinsight.com/investment-news/as-hedge-funds-stumble-one-firm-prepares-to-buy-illiquid-stakes-20160212930/
The worst year for hedge funds since 2011 is good news for Andrew Lawrence, chief executive officer of Rosebrook Capital Partners. Lawrence, 55, is seeking to raise $250 million to $500 million for a fund that will buy stakes in hedge funds that have suspended redemptions, according to a person with knowledge of his plans. The New York-based investment firm is betting on a burgeoning opportunity to acquire the interests at a...
Singulariteam Hailed 2015’s Most Active Venture Capital Funds In Israel
2016-02-11T18:30:11.950612-05:00https://www.thetrustedinsight.com/investment-news/singulariteam-hailed-2015s-most-active-venture-capital-funds-in-israel-20160211919/
In 2015, Singulariteam, a medium sized Israeli fund founded by Moshe Hogeg and Kenges Rakishev, topped all VC fund investors by making 12 first investments, according to report by IVC Research Center and APM & Co. Law Firm.
Blumberg Capital Raises $177.1M Toward Fourth Fund
2016-02-11T10:00:14.060413-05:00https://www.thetrustedinsight.com/investment-news/blumberg-capital-raises-1771m-toward-fourth-fund-20160211874/
The fund’s target is $200 million, a substantial step up from the firm’s $150 million third fund raised in 2012, according to Thomson Reuters data.
Matrix Raises $500M China Fund
2016-02-10T15:30:27.725307-05:00https://www.thetrustedinsight.com/investment-news/matrix-raises-500m-china-fund-20160210857/
Matrix Partners raised $500M, according to an SEC filing. The money is for a 4th China-focused fund.
General Catalyst Raises $845M For Eighth Fund
2016-02-10T12:00:12.562534-05:00https://www.thetrustedinsight.com/investment-news/general-catalyst-raises-845m-for-eighth-fund-20160210833/
General Catalyst, with offices on the East and West Coasts, raised $675 million for a seventh fund in 2013, $500 million for a sixth fund in 2011 and $715 million for fifth fund in 2007 that was divided between supplemental and core funds, according to Thomson Reuters.
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...
Luma Capital Partners To Raise $100M Venture Fund
2016-02-09T15:00:21.244880-05:00https://www.thetrustedinsight.com/investment-news/luma-capital-partners-to-raise-100m-venture-fund-20160209774/
Partners include Sumeet Jain and Carey Lai, both formerly at Intel Capital, Terence Kawaja, CEO at the investment bank Luma Partners and John Batson.
Singapore's AIP Targets $1.5bn For New Real Estate Funds
2016-02-09T14:30:20.609606-05:00https://www.thetrustedinsight.com/investment-news/singapores-aip-targets-15bn-for-new-real-estate-funds-20160209771/
Singapore-based Alpha Investment Partners (AIP) is set to launch two real estate funds with a combined capital raising target of more than $1.5bn (€1.38bn).
Kae Capital Raises $30M For Fund Focused On Local Start-ups
2016-02-07T09:30:11.673600-05:00https://www.thetrustedinsight.com/investment-news/kae-capital-raises-30m-for-fund-focused-on-local-start-ups-20160207632/
Kae Capital, which invests in early-stage companies, has raised $30 million from existing and new investors as part of its second fund.
RPM Ventures To Raise $100M Fund
2016-02-05T12:00:12.648540-05:00https://www.thetrustedinsight.com/investment-news/rpm-ventures-to-raise-100m-fund-20160205552/
Ann Arbor-based RPM Ventures plans to raise a venture capital fund of $100 million, according to a filing with the U.S. Securities and Exchange Commission.
Sequoia Becomes Bullish In Indian Market And Closes $920M Fundraise
2016-02-03T12:00:12.732711-05:00https://www.thetrustedinsight.com/investment-news/sequoia-becomes-bullish-in-indian-market-and-closes-920m-fundraise-20160203419/
This has been identified as the biggest fundraise by any VC fund for India-specific investments. <br />
Industry Ventures Looks To Raise $425M For Latest Secondaries Fund
2016-02-03T10:04:21.886099-05:00https://www.thetrustedinsight.com/investment-news/industry-ventures-looks-to-raise-425m-for-latest-secondaries-fund-20160203401/
San Francisco-based venture capital firm Industry Ventures is looking to raise up to $425m for its eighth secondaries fund.
Israeli High-Tech Capital Raising Hits All-Time High
2016-01-29T15:03:19.097139-05:00https://www.thetrustedinsight.com/investment-news/israeli-high-tech-capital-raising-hits-all-time-high-20160129201/
2015 was a record year for fund raising by Israel’s high tech industry. Israeli tech companies raised $4.43 billion last year in 708 deals, according to figures released today by IVC Research Center and KPMG. The amount and the number of deals are both all-time highs. The amount raised is 30% above the previous high, recorded in 2014, when 690 deals totaled $3.42 billion.
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
Evergrande Taps Bond Market For US$700M Capital Raising After Asset Purchase Binge
2016-01-21T14:00:14.099142-05:00https://www.thetrustedinsight.com/investment-news/evergrande-taps-bond-market-for-us700m-capital-raising-after-asset-purchase-binge-20160121867/
Debt-laden Chinese developer Evergrande Real Estate announced US bonds offering on Wednesday totalling US$700 million, in the wake of its massive asset purchases from Hong Kong tycoon Cheng Yu-tung.
In 2015 Israeli VC Funds Raised Nearly $1.5B
2016-01-05T16:54:28.748360-05:00https://www.thetrustedinsight.com/investment-news/in-2015-israeli-vc-funds-raised-nearly-15b-20160105050/
Israeli venture capital fundraising activity was prolific in 2015, opening the seventh Israeli venture capital cycle with 18 new venture capital funds in the 2015 vintage year, IVC Research Center - KPMG Somekh Chaikin reports.
Bain Capital Eyes China Fintech And Healthcare Deals
2015-12-15T15:30:36.355879-05:00https://www.thetrustedinsight.com/investment-news/bain-capital-eyes-china-fintech-and-healthcare-deals-20151215095/
The Boston-headquartered private equity firm will start putting its fresh capital to work in the region next year, and is looking for transactions where its experience working with similar companies elsewhere gives it an edge.
Square Peg Capital Heads Up $60M Injection For Israeli Startup
2015-11-16T12:27:37.782194-05:00https://www.thetrustedinsight.com/investment-news/square-peg-capital-heads-up-60m-injection-for-israeli-startup-20151116500/
Square Peg Capital has led a $60 million capital raising for Israeli microtask service Fiverr, in a sign of the health of the Australian venture capital industry.
The benefits of boutique MAPs
2015-11-13T10:56:19.494734-05:00https://www.thetrustedinsight.com/investment-news/the-benefits-of-boutique-maps-20151113367/
Establishing a hedge fund, let alone attaining the necessary investment track record to entice allocators, is a challenging proposition. The cost of setting up a hedge fund has skyrocketed amid growing regulation and investor demands for institutional-standard infrastructure. Citi's 2014 Hedge Fund Industry Operating Metrics Survey estimated managers required a minimum of USD310million in AUM to ensure their two per-cent management fee covered all of their operational and regulatory overheads.
Salt Creek Capital invests in WorkWell Medical
2015-11-11T15:26:11.394243-05:00https://www.thetrustedinsight.com/investment-news/salt-creek-capital-invests-in-workwell-medical-20151111262/
NEW YORK & SALINAS, Calif.–(BUSINESS WIRE)–Edgemont Capital Partners, LP, a leading independent investment banking firm providing M&A advisory services to healthcare companies, today announced that it acted as exclusive financial advisor to WorkWell Medical Group, LLC (“WorkWell”) in its investment and recapitalization by Salt Creek Capital. Terms of the deal were not disclosed. WorkWell Medical Group (www.workwellmedical.com), founded in 2003 by Dr. Sheilaja Mittal and Vikram Mittal, and headquartered in Salinas, California, offers patients and employers an in-house network of specialists, a multidisciplinary rehabilitation facility and a state-of-the-art mobile medical clinic, all providing a complete suite of healthcare services to...
Intercontinental Exchange to Acquire Interactive Data Corporation from Silver Lake and Warburg Pincus in $5.2 Billion Cash and Stock Transaction
2015-10-26T16:40:46.787377-04:00https://www.thetrustedinsight.com/investment-news/intercontinental-exchange-to-acquire-interactive-data-corporation-from-silver-lake-and-warburg-pincus-in-52-billion-cash-and-stock-transaction-20151026302/
IDC, based in Bedford, MA, is one of the world’s leading providers of financial data, serving the mutual fund, bank, asset management, hedge fund, securities and financial instrument processing and administration sectors. ICE’s data business currently spans nine asset classes across the eleven exchanges and seven clearing houses it operates, including the NYSE Group and ICE Futures exchanges. ICE also offers benchmark and valuation services for Libor, exchange traded funds, a range of financial derivatives, and clearing house positions. The combined company will offer customers efficiencies in accessing data on an integrated platform while serving the growing demand for data,...
Macromoney fund manager pitching the fund at the Hedge Fund Startup Forum in Zurich
2015-10-26T06:45:16.094309-04:00https://www.thetrustedinsight.com/investment-news/macromoney-fund-manager-pitching-the-fund-at-the-hedge-fund-startup-forum-in-zurich-20151026255/
Maciej Wisniewski, Macromoney fund manager, was pitching the fund at the Hedge Fund Startup Forum in Zurich on Wednesday 21st October 2015. The IIR’s Hedge Fund Startup Forum at The Dolder Grand Hotel in the heart of Zurich was moderated by prominent industry figures and it is considered to be the leading event for those looking to start a hedge fund. Last year over 200 emerging and startup managers and investors attended the conference.
Wiese’s Stellar Capital to raise R1bn
2015-10-23T15:49:05.267260-04:00https://www.thetrustedinsight.com/investment-news/wieses-stellar-capital-to-raise-r1bn-20151023252/
Smart move shows signs of serious deal-making by recently formed investment house Stellar Capital Partners, say analysts
Canadian online furniture retailer Cymax raises $25 million, eyes IPO: Reuters
2015-10-15T17:34:56.467835-04:00https://www.thetrustedinsight.com/investment-news/canadian-online-furniture-retailer-cymax-raises-25-million-eyes-ipo-reuters-20151015748/
Cymax plans to use the funds to expand its online retail website, launch an e-commerce platform and roll out technology that makes shipping easier and faster for retailers. A number of factors have to fall in place and the market conditions need to be positive to move ahead with plans for an initial public offering, he said. Sentiment has been robust for Canadian technology companies this year, and capital raising announcements have come from Shop.ca, Lightspeed, Kik Interactive, Shoes.com, Influitive, Payfirma and Real Matters. A successful initial public offering by Shopify (SH.TO) in both New York and Toronto further fueled...
How Macromoney has beaten August volatility
2015-10-05T08:48:20.761742-04:00https://www.thetrustedinsight.com/investment-news/how-macromoney-has-beaten-august-volatility-20151005967/
You returned 15.13% in August 2015 alone when there was a correction in most markets. How did you do that?
August returns were the results of both our long term macroeconomic model and our short term model tracking volatility. Whilst the earlier gave us the signal to come out of equities at the beginning of April due to the slowing macroeconomic data; the latter gave us the signal in July of a potential upcoming and significant spike in volatility. In response to these signals we opened positions in ‘out of the money’ put options on S&P500. The initial total position in options in July was only 1,5% of NAV but it has generated a 15% net return in August.
Harvest
2015-10-02T08:04:28.075882-04:00https://www.thetrustedinsight.com/investment-news/harvest-1-20151002888/
Macromoney was at HFM Allocator Intelligence Summit 2015 in London, a premier networking and education event designed specifically for allocators, investment consultants, advisors and analysts to mee...
Tunbridge Partners Formed To Invest In Real Estate, Real Asset Investments
2015-09-30T17:49:55.936069-04:00https://www.thetrustedinsight.com/investment-news/tunbridge-partners-formed-to-invest-in-real-estate-real-asset-investments-20150930788/
Tunbridge Partners LLC, a newly-formed asset management company focused on making minority equity investments in real estate- and real asset-focused investment managers, today announced that it has officially launched. Tunbridge is being formed by a management team led by Brian Finn, Chairman, and Sean Gallary, Portfolio Manager, and Hodes Weill & Associates, a real estate advisory firm with a focus on the real estate investment and funds management industry.
Australia's Largest VC Fund Has Launched With $200M To Invest Locally
2015-09-15T18:21:15.320312-04:00https://www.thetrustedinsight.com/investment-news/australias-largest-vc-fund-has-launched-with-200m-to-invest-locally-20150915979/
<span style="line-height: 20.8px;">Blackbird will continue to invest in about ten startups per year but the new funds will allow it to keep supporting a company over a longer period of its life.</span>
New Era in Private Capital Raising – Opening Up General Solicitation and General Advertising
2015-08-26T16:47:43.668126-04:00https://www.thetrustedinsight.com/investment-news/new-era-in-private-capital-raising-opening-up-general-solicitation-and-general-advertising-20150826301/
The next few years may be the largest watershed event in opening up private equity capital since the 1980s when Regulation D was first published by the Securities and Exchange Commission (“SEC”). By allowing general solicitation and general...By: Sands Anderson PC
J.P. Morgan Expands Global Real Assets Team as Investors Seek to Globally Diversify Real Estate Allocations, Adam Pillay Named Asia Pacific Real Estate Platform Specialist
2015-07-22T12:36:36.543219-04:00https://www.thetrustedinsight.com/investment-news/jp-morgan-expands-global-real-assets-team-as-investors-seek-to-globally-diversify-real-estate-allocations-adam-pillay-named-asia-pacific-real-estate-platform-specialist-20150722223/
With one of the broadest real estate footprints in the region, J.P. Morgan Global Real Assets' Asia Pacific real estate platform has nearly 50 professionals, offices in five cities across Asia Pacifi...
Surge in volume of capital raised reflects investor appetite for non-listed real estate
2015-07-01T11:54:42.430506-04:00https://www.thetrustedinsight.com/investment-news/surge-in-volume-of-capital-raised-reflects-investor-appetite-for-non-listed-real-estate-20150701840/
Total capital raised for non-listed real estate investment on a global basis hit €122.7 billion in 2014, according to the latest Capital Raising Survey published by INREV . The tally represe...
Deutsche Bank Names New Private-Stock Offering Team
2015-06-26T14:30:55.388711-04:00https://www.thetrustedinsight.com/investment-news/deutsche-bank-names-new-private-stock-offering-team-20150626762/
The group, called Private Growth Capital, will be run by Jay Coleman and John Reed. Mr. Coleman runs the bank’s equity execution team, helping companies structure stock offerings, and Mr. Reed leads ...
Maciej Wisniewski, pitching the fund during Dragons' Den at GAIM 2015 in Monaco
2015-06-26T04:42:09.552482-04:00https://www.thetrustedinsight.com/investment-news/maciej-wisniewski-pitching-the-fund-during-dragons-den-at-gaim-2015-in-monaco-20150626754/
Macromoney took part in GAIM 2015 conference where in several occasion the fund manager, Maciej Wisniewski, pitched the fund in front of private and institutional investors.
Edelweiss ropes in Anil Sarin as CIO for equity assets under global management group
2015-06-23T14:53:18.372152-04:00https://www.thetrustedinsight.com/investment-news/edelweiss-ropes-in-anil-sarin-as-cio-for-equity-assets-under-global-management-group-20150623683/
Mumbai-based financial services firm Edelweiss Financial Services Ltd has named Anil Sarin as chief investment officer (CIO) - equity for the global management group (GAM), it said on Tuesday.
92% Of Hedge Fund Capital Concentrated Among Top 11%
2015-06-01T00:30:46.349876-04:00https://www.thetrustedinsight.com/investment-news/92-of-hedge-fund-capital-concentrated-among-top-11-20150601226/
The hedge fund industry has now reached $3.16tn in assets as of the end of Q1 2015, but a growing proportion of these assets are concentrated among a small pool of large managers. The “$1bn Club”, wh...
Emerging manager Macromoney bets on technology stocks and developed markets
2015-05-19T07:29:12.478275-04:00https://www.thetrustedinsight.com/investment-news/emerging-manager-macromoney-bets-on-technology-stocks-and-developed-markets-1-20150519118/
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<p class="MsoNormal" style="margin-bottom:0cm;margin-bottom:.0001pt;line-height:
normal;mso-layout-grid-align:none;text-autospace:none"><span style="font-size:
9.5pt;font-family:"Arial",sans-serif;color:black">Benedicte Gravrand, Opalesque
Geneva for </span><i><span style="font-size:9.5pt;font-family:"Arial",sans-serif;
color:#551A8C;mso-bidi-language:HE">New Managers</span></i><span style="font-size:9.5pt;font-family:"Arial",sans-serif;color:black">:</span></p>
<p class="MsoNormal" style="margin-bottom:0cm;margin-bottom:.0001pt;text-align:
justify;line-height:normal;mso-layout-grid-align:none;text-autospace:none"><span style="font-size:9.5pt;font-family:"Arial",sans-serif;color:black"> </span></p>
<p class="MsoNormal" style="margin-bottom:0cm;margin-bottom:.0001pt;text-align:
justify;line-height:normal;mso-layout-grid-align:none;text-autospace:none"><span style="font-size:9.5pt;font-family:"Arial",sans-serif;color:black"> </span></p>
<p class="MsoNormal" style="margin-bottom:0cm;margin-bottom:.0001pt;text-align:
justify;line-height:normal;mso-layout-grid-align:none;text-autospace:none"><span style="font-size:9.5pt;font-family:"Arial",sans-serif;color:black">Here is a
rare Polish hedge fund which combines multi-strategy and global macro
approaches and outperforms its peers thanks to original tactics.</span></p>
<p class="MsoNormal" style="margin-bottom:0cm;margin-bottom:.0001pt;text-align:
justify;line-height:normal;mso-layout-grid-align:none;text-autospace:none"><span style="font-size:9.5pt;font-family:"Arial",sans-serif;color:black"> </span></p>
<p class="MsoNormal" style="margin-bottom:0cm;margin-bottom:.0001pt;text-align:
justify;line-height:normal;mso-layout-grid-align:none;text-autospace:none"><span style="font-size:9.5pt;font-family:"Arial",sans-serif;color:#551A8C">Macromoney</span><span style="font-size:9.5pt;font-family:"Arial",sans-serif;color:black">, a fund
manager focused on concentrated investments in securities, futures and options
listed on the main stock exchanges, is a BVI-based firm founded in 2012 with
fund administration in London, prime broker services in New York, and
operational offices in Warsaw, Poland.</span></p>
<p class="MsoNormal" style="margin-bottom:0cm;margin-bottom:.0001pt;text-align:
justify;line-height:normal;mso-layout-grid-align:none;text-autospace:none"><span style="font-size:9.5pt;font-family:"Arial",sans-serif;color:black"> </span></p>
<p class="MsoNormal" style="margin-bottom:0cm;margin-bottom:.0001pt;text-align:
justify;line-height:normal;mso-layout-grid-align:none;text-autospace:none"><span style="font-size:9.5pt;font-family:"Arial",sans-serif;color:black">Macromoney’s
founder is </span><span style="font-size:9.5pt;font-family:"Arial",sans-serif;
color:#551A8C">Maciej Wisniewski</span><span style="font-size:9.5pt;font-family:
"Arial",sans-serif;color:black">, an investment professional with 20 years of
experience. He also founded in 2005 Investors Investment Fund Company
("Investors TFI"), one of Poland's first privately owned investment
fund management companies, and grew assets in six years from $3.5m to $700m.
Most of the closed-end funds are listed on the Warsaw Stock Exchange.
Previously, he was Director of Trading at BZ WBK AIB Asset Management and
Proprietary Trader for LG Bank, after beginning his career as a stockbroker at
Raiffeisen Capital and Bank Millenium Securities. He claims to have established
one of the first Polish hedge funds (2005), the first gold fund in Poland
(2006) and the first private equity fund in Poland for private investors
(2007).</span></p>
<p class="MsoNormal" style="margin-bottom:0cm;margin-bottom:.0001pt;text-align:
justify;line-height:normal;mso-layout-grid-align:none;text-autospace:none"><span style="font-size:9.5pt;font-family:"Arial",sans-serif;color:black"> </span></p>
<p class="MsoNormal" style="margin-bottom:0cm;margin-bottom:.0001pt;text-align:
justify;line-height:normal;mso-layout-grid-align:none;text-autospace:none"><span style="font-size:9.5pt;font-family:"Arial",sans-serif;color:black">The fund,
Macromoney Global Investments Ltd., combines a multi-strategy and a global
macro approach. Its investment process is twofold; a quantitative approach to
analyse long-term sets of macroeconomic data, and an exploration of these macroeconomic
trends through a bottom-up approach. Incepted in January 2013, the fund
returned 34.6% last year and is up 22.6% YTD (to August). It fee structure is
1% and 10%. The HFRI Multi-Strategy Index is up 3% YTD and the HFRI Macro (Total)
Index 2.4%.</span></p>
<p class="MsoNormal" style="margin-bottom:0cm;margin-bottom:.0001pt;text-align:
justify;line-height:normal;mso-layout-grid-align:none;text-autospace:none"><span style="font-size:9.5pt;font-family:"Arial",sans-serif;color:black"> </span></p>
<p class="MsoNormal" style="margin-bottom:0cm;margin-bottom:.0001pt;text-align:
justify;line-height:normal;mso-layout-grid-align:none;text-autospace:none"><span style="font-size:9.5pt;font-family:"Arial",sans-serif;color:black"> </span></p>
<p class="MsoNormal" style="margin-bottom:0cm;margin-bottom:.0001pt;text-align:
justify;line-height:normal;mso-layout-grid-align:none;text-autospace:none"><span style="font-size:9.5pt;font-family:"Arial",sans-serif;color:black">FOCUS</span></p>
<p class="MsoNormal" style="margin-bottom:0cm;margin-bottom:.0001pt;text-align:
justify;line-height:normal;mso-layout-grid-align:none;text-autospace:none"><span style="font-size:9.5pt;font-family:"Arial",sans-serif;color:black"> </span></p>
<p class="MsoNormal" style="margin-bottom:0cm;margin-bottom:.0001pt;text-align:
justify;line-height:normal;mso-layout-grid-align:none;text-autospace:none"><span style="font-size:9.5pt;font-family:"Arial",sans-serif;color:black">"We
have a long-term approach when we look at the supply side of the economy,"
Wisniewski explains. "Experts agree that economies grow in the long-term
thanks to three main forces: labour, capital accumulation and total factor
production (TFP= technological progress, R&D, human capital accumulation).
If we look at the emerging economies’ main growth factor, we realize that it is
the capital accumulation that helps them to develop untill they reach a steady
state. The first decade of 21<sup>st</sup> century is an example of
outperformance of emerging economies driven by consistent infrastructure
investments. Instead, developed economies’ main growth factor is the total
factor production, because having already reached their steady state, they can
only develop further through research and innovation. The last decade of 20th
century is an example of outperformance of developed economies driven by
computing, PC software, internet development, supply management and on time
delivery."</span></p>
<p class="MsoNormal" style="margin-bottom:0cm;margin-bottom:.0001pt;text-align:
justify;line-height:normal;mso-layout-grid-align:none;text-autospace:none"><span style="font-size:9.5pt;font-family:"Arial",sans-serif;color:black"> </span></p>
<p class="MsoNormal" style="margin-bottom:0cm;margin-bottom:.0001pt;text-align:
justify;line-height:normal;mso-layout-grid-align:none;text-autospace:none"><span style="font-size:9.5pt;font-family:"Arial",sans-serif;color:black">He believes
that we are at the next stage of technological progress and innovation, which
is driving developed economies’ outperformance this decade. Examples are found
in mobile computing, mobile apps, cloud computing, big data, 3D printing, and
robotics/drones, he notes. So the fund is staying focused on technology stocks
and developed markets, "which, after a period of deleveraging, are
reversing their decade-long of underperformance."</span></p>
<p class="MsoNormal" style="margin-bottom:0cm;margin-bottom:.0001pt;text-align:
justify;line-height:normal;mso-layout-grid-align:none;text-autospace:none"><span style="font-size:9.5pt;font-family:"Arial",sans-serif;color:black"> </span></p>
<p class="MsoNormal" style="margin-bottom:0cm;margin-bottom:.0001pt;text-align:
justify;line-height:normal;mso-layout-grid-align:none;text-autospace:none"><span style="font-size:9.5pt;font-family:"Arial",sans-serif;color:black"> </span></p>
<p class="MsoNormal" style="margin-bottom:0cm;margin-bottom:.0001pt;text-align:
justify;line-height:normal;mso-layout-grid-align:none;text-autospace:none"><span style="font-size:9.5pt;font-family:"Arial",sans-serif;color:black">PROPRIETARY
MACROECONOMIC MODEL BASED ON MOMENTUM SIGNALS</span></p>
<p class="MsoNormal" style="margin-bottom:0cm;margin-bottom:.0001pt;text-align:
justify;line-height:normal;mso-layout-grid-align:none;text-autospace:none"><span style="font-size:9.5pt;font-family:"Arial",sans-serif;color:black"> </span></p>
<p class="MsoNormal" style="margin-bottom:0cm;margin-bottom:.0001pt;text-align:
justify;line-height:normal;mso-layout-grid-align:none;text-autospace:none"><span style="font-size:9.5pt;font-family:"Arial",sans-serif;color:black">The managers
also look at business cycles and use an in-house built proprietary
macroeconomic model based on momentum signals to do so.</span></p>
<p class="MsoNormal" style="margin-bottom:0cm;margin-bottom:.0001pt;text-align:
justify;line-height:normal;mso-layout-grid-align:none;text-autospace:none"><span style="font-size:9.5pt;font-family:"Arial",sans-serif;color:black"> </span></p>
<p class="MsoNormal" style="margin-bottom:0cm;margin-bottom:.0001pt;text-align:
justify;line-height:normal;mso-layout-grid-align:none;text-autospace:none"><span style="font-size:9.5pt;font-family:"Arial",sans-serif;color:black">"Economies
move up and down and each stage of the economy cycle corresponds to a different
outperforming asset class," he says. "We interpret these economic
cycle changes thanks to a proprietary macroeconomic model ... Usually a
standard momentum strategy is based on the prices of the different asset
classes. Instead our model gives us signals that are based on momentum of
macroeconomic indicators. Thanks to these signals we are able to allocate funds
among different asset classes. To make it easy, our model tries to figure out
whether in the near future there will be a slowdown in economic data or even worst,
if there will be a recession. Following this example (recession), we would
change the asset class into which the fund invests, and move for example from
stocks to cash or safe treasury bonds."</span></p>
<p class="MsoNormal" style="margin-bottom:0cm;margin-bottom:.0001pt;text-align:
justify;line-height:normal;mso-layout-grid-align:none;text-autospace:none"><span style="font-size:9.5pt;font-family:"Arial",sans-serif;color:black"> </span></p>
<p class="MsoNormal" style="margin-bottom:0cm;margin-bottom:.0001pt;text-align:
justify;line-height:normal;mso-layout-grid-align:none;text-autospace:none"><span style="font-size:9.5pt;font-family:"Arial",sans-serif;color:black">The model
was tested on different markets and the signals allowed it to outperformed
related benchmarks. Relying on a macroeconomic model based on momentum signals
is more objective than a standard momentum strategy, which is based on the
asset classes’ prices and can be influenced by market players, Wisniewski adds.
He expects more fluctuations of business cycles in the foreseeable future, and
the model will help him interpret them.</span></p>
<p class="MsoNormal" style="margin-bottom:0cm;margin-bottom:.0001pt;text-align:
justify;line-height:normal;mso-layout-grid-align:none;text-autospace:none"><span style="font-size:9.5pt;font-family:"Arial",sans-serif;color:black"> </span></p>
<p class="MsoNormal" style="margin-bottom:0cm;margin-bottom:.0001pt;text-align:
justify;line-height:normal;mso-layout-grid-align:none;text-autospace:none"><span style="font-size:9.5pt;font-family:"Arial",sans-serif;color:black"> </span></p>
<p class="MsoNormal" style="margin-bottom:0cm;margin-bottom:.0001pt;text-align:
justify;line-height:normal;mso-layout-grid-align:none;text-autospace:none"><span style="font-size:9.5pt;font-family:"Arial",sans-serif;color:black">MINING THE
INTERNET COMMUNITY</span></p>
<p class="MsoNormal" style="margin-bottom:0cm;margin-bottom:.0001pt;text-align:
justify;line-height:normal;mso-layout-grid-align:none;text-autospace:none"><span style="font-size:9.5pt;font-family:"Arial",sans-serif;color:black"> </span></p>
<p class="MsoNormal" style="margin-bottom:0cm;margin-bottom:.0001pt;text-align:
justify;line-height:normal;mso-layout-grid-align:none;text-autospace:none"><span style="font-size:9.5pt;font-family:"Arial",sans-serif;color:black">In the fund’s
investment strategy, the manager believes the best potential for long-term
capital appreciation is through equities investing and it is important to look
at things from different perspectives; he does do not only follow research from
investment banks but also from the Internet community of independent investors,
strategists and industry players. Research published last year in the </span><span style="font-size:9.5pt;font-family:"Arial",sans-serif;color:#551A8C">Wall
Street Journal </span><span style="font-size:9.5pt;font-family:"Arial",sans-serif;
color:black">lends credibility to the idea that the "wisdom of
crowds" phenomenon applies not just to encyclopaedia entries and
restaurant reviews, but also to stock market predictions, he notes.</span></p>
<p class="MsoNormal" style="margin-bottom:0cm;margin-bottom:.0001pt;text-align:
justify;line-height:normal;mso-layout-grid-align:none;text-autospace:none"><span style="font-size:9.5pt;font-family:"Arial",sans-serif;color:black"> </span></p>
<p class="MsoNormal" style="margin-bottom:0cm;margin-bottom:.0001pt;text-align:
justify;line-height:normal;mso-layout-grid-align:none;text-autospace:none"><span style="font-size:9.5pt;font-family:"Arial",sans-serif;color:black">When asked
about the pros and cons of internet analysis, Wisniewski says: "Internet
analysts seem to be more independent and free thinkers due to their non-strict
relationship with the companies that they try to analyse, not to mention their
different backgrounds and geographical locations. These analysts are also
sometimes able to dig more into the companies they study because they can come
from that particular industry or sometimes even that company. For example, an
engineer working for a Chinese real estate company could potentially give
better insights on this kind of company than an analyst sitting in an office</span></p>
<p class="MsoNormal" style="margin-bottom:0cm;margin-bottom:.0001pt;text-align:
justify;line-height:normal;mso-layout-grid-align:none;text-autospace:none"><span style="font-size:9.5pt;font-family:"Arial",sans-serif;color:black">located on
the other side of the world. There is also the risk that the financial data
(e.g. balance sheet, cash flow statement, income statement, etc.) are not of a
good quality. So to address this issue, we use well-known financial data
providers when we analyse raw financial data.</span></p>
<p class="MsoNormal" style="margin-bottom:0cm;margin-bottom:.0001pt;text-align:
justify;line-height:normal;mso-layout-grid-align:none;text-autospace:none"><span style="font-size:9.5pt;font-family:"Arial",sans-serif;color:black"> </span></p>
<p class="MsoNormal" style="margin-bottom:0cm;margin-bottom:.0001pt;text-align:
justify;line-height:normal;mso-layout-grid-align:none;text-autospace:none"><span style="font-size:9.5pt;font-family:"Arial",sans-serif;color:black">"Of
course, we review their audited annual reports because this is the place where
you have got all the company information; you can’t be biased. Moreover, we do
not follow one idea without testing it against many other researches on the
same subject and even against the comments expressed at the end of the research
by other analysts."</span></p>
<p class="MsoNormal" style="margin-bottom:0cm;margin-bottom:.0001pt;text-align:
justify;line-height:normal;mso-layout-grid-align:none;text-autospace:none"><span style="font-size:9.5pt;font-family:"Arial",sans-serif;color:black"> </span></p>
<p class="MsoNormal" style="margin-bottom:0cm;margin-bottom:.0001pt;text-align:
justify;line-height:normal;mso-layout-grid-align:none;text-autospace:none"><span style="font-size:9.5pt;font-family:"Arial",sans-serif;color:black">"The
bottom line," he continues, "is that you can have hundreds of people
"working for you," creating a big and creative investment committee
that would be hard to replicate in-house."</span></p>
<p class="MsoNormal" style="margin-bottom:0cm;margin-bottom:.0001pt;text-align:
justify;line-height:normal;mso-layout-grid-align:none;text-autospace:none"><span style="font-size:9.5pt;font-family:"Arial",sans-serif;color:black"> </span></p>
<p class="MsoNormal" style="margin-bottom:0cm;margin-bottom:.0001pt;text-align:
justify;line-height:normal;mso-layout-grid-align:none;text-autospace:none"><span style="font-size:9.5pt;font-family:"Arial",sans-serif;color:black"> </span></p>
<p class="MsoNormal" style="margin-bottom:0cm;margin-bottom:.0001pt;text-align:
justify;line-height:normal;mso-layout-grid-align:none;text-autospace:none"><span style="font-size:9.5pt;font-family:"Arial",sans-serif;color:black">NEW FEEDER
FUND</span></p>
<p class="MsoNormal" style="margin-bottom:0cm;margin-bottom:.0001pt;text-align:
justify;line-height:normal;mso-layout-grid-align:none;text-autospace:none"><span style="font-size:9.5pt;font-family:"Arial",sans-serif;color:black"> </span></p>
<p class="MsoNormal" style="margin-bottom:0cm;margin-bottom:.0001pt;text-align:
justify;line-height:normal;mso-layout-grid-align:none;text-autospace:none"><span style="font-size:9.5pt;font-family:"Arial",sans-serif;color:black">In 2012,
Wisniewski sold his stake in </span><span style="font-size:9.5pt;font-family:
"Arial",sans-serif;color:#551A8C">Investors TFI </span><span style="font-size:
9.5pt;font-family:"Arial",sans-serif;color:black">to the other partners in
order to start his own hedge fund. He had agreed to an anti-competitive close
and was finally able to start the marketing campaign of the fund in late spring
this year. The fund is now present in several hedge funds databases.</span></p>
<p class="MsoNormal" style="margin-bottom:0cm;margin-bottom:.0001pt;text-align:
justify;line-height:normal;mso-layout-grid-align:none;text-autospace:none"><span style="font-size:9.5pt;font-family:"Arial",sans-serif;color:black"> </span></p>
<p class="MsoNormal" style="margin-bottom:0cm;margin-bottom:.0001pt;text-align:
justify;line-height:normal;mso-layout-grid-align:none;text-autospace:none"><span style="font-size:9.5pt;font-family:"Arial",sans-serif;color:black">Macromoney
decided to launch a feeder fund in Poland that would invest 100% in the hedge
fund, the master fund, to accelerate the growth of the AuM.</span></p>
<p class="MsoNormal" style="margin-bottom:0cm;margin-bottom:.0001pt;text-align:
justify;line-height:normal;mso-layout-grid-align:none;text-autospace:none"><span style="font-size:9.5pt;font-family:"Arial",sans-serif;color:black"> </span></p>
<p class="MsoNormal" style="margin-bottom:0cm;margin-bottom:.0001pt;text-align:
justify;line-height:normal;mso-layout-grid-align:none;text-autospace:none"><span style="font-size:9.5pt;font-family:"Arial",sans-serif;color:black">"In
October 2014, we are going to make the first issue of the feeder fund in
Poland, under the Polish Securities and Exchange Commission (KNF)," he
adds. "Polish institutional and HNWI clients are not familiar with
offshore strategies so we preferred to create and accommodate this
master/feeder structure to them."</span></p>
Emerging manager, Macromoney, bets on technology stocks and developed markets
2015-05-19T07:15:58.431449-04:00https://www.thetrustedinsight.com/investment-news/emerging-manager-macromoney-bets-on-technology-stocks-and-developed-markets-20150519117/
Benedicte Gravrand, Opalesque Geneva for New Managers:
Here is a rare Polish hedge fund which combines multi-strategy and global macro approaches and outperforms its peers thanks to original tactics.
Macromoney, a fund manager focused on concentrated investments in securities, futures and options listed on the main stock exchanges, is a BVI-based firm founded in 2012 with fund administration in London, prime broker services in New York, and operational offices in Warsaw, Poland.
Macromoney’s founder is Maciej Wisniewski, an investment professional with 20 years of experience. He also founded in 2005 Investors Investment Fund Company ("Investors TFI"), one of Poland's first privately owned investment fund management companies, and grew assets in six years from $3.5m to $700m. Most of the closed-end funds are listed on the Warsaw Stock Exchange. Previously, he was Director of Trading at BZ WBK AIB Asset Management and Proprietary Trader for LG Bank, after beginning his career as a stockbroker at Raiffeisen Capital and Bank Millenium Securities. He claims to have established one of the first Polish hedge funds (2005), the first gold fund in Poland (2006) and the first private equity fund in Poland for private investors (2007).
The fund, Macromoney Global Investments Ltd., combines a multi-strategy and a global macro approach. Its investment process is twofold; a quantitative approach to analyse long-term sets of macroeconomic data, and an exploration of these macroeconomic trends through a bottom-up approach. Incepted in January 2013, the fund returned 34.6% last year and is up 22.6% YTD (to August). It fee structure is 1% and 10%. The HFRI Multi-Strategy Index is up 3% YTD and the HFRI Macro (Total) Index 2.4%.
FOCUS
"We have a long-term approach when we look at the supply side of the economy," Wisniewski explains. "Experts agree that economies grow in the long-term thanks to three main forces: labour, capital accumulation and total factor production (TFP= technological progress, R&D, human capital accumulation). If we look at the emerging economies’ main growth factor, we realize that it is the capital accumulation that helps them to develop untill they reach a steady state. The first decade of 21st century is an example of outperformance of emerging economies driven by consistent infrastructure investments. Instead, developed economies’ main growth factor is the total factor production, because having already reached their steady state, they can only develop further through research and innovation. The last decade of 20th century is an example of outperformance of developed economies driven by computing, PC software, internet development, supply management and on time delivery."
He believes that we are at the next stage of technological progress and innovation, which is driving developed economies’ outperformance this decade. Examples are found in mobile computing, mobile apps, cloud computing, big data, 3D printing, and robotics/drones, he notes. So the fund is staying focused on technology stocks and developed markets, "which, after a period of deleveraging, are reversing their decade-long of underperformance."
PROPRIETARY MACROECONOMIC MODEL BASED ON MOMENTUM SIGNALS
The managers also look at business cycles and use an in-house built proprietary macroeconomic model based on momentum signals to do so.
"Economies move up and down and each stage of the economy cycle corresponds to a different outperforming asset class," he says. "We interpret these economic cycle changes thanks to a proprietary macroeconomic model ... Usually a standard momentum strategy is based on the prices of the different asset classes. Instead our model gives us signals that are based on momentum of macroeconomic indicators. Thanks to these signals we are able to allocate funds among different asset classes. To make it easy, our model tries to figure out whether in the near future there will be a slowdown in economic data or even worst, if there will be a recession. Following this example (recession), we would change the asset class into which the fund invests, and move for example from stocks to cash or safe treasury bonds."
The model was tested on different markets and the signals allowed it to outperformed related benchmarks. Relying on a macroeconomic model based on momentum signals is more objective than a standard momentum strategy, which is based on the asset classes’ prices and can be influenced by market players, Wisniewski adds. He expects more fluctuations of business cycles in the foreseeable future, and the model will help him interpret them.
MINING THE INTERNET COMMUNITY
In the fund’s investment strategy, the manager believes the best potential for long-term capital appreciation is through equities investing and it is important to look at things from different perspectives; he does do not only follow research from investment banks but also from the Internet community of independent investors, strategists and industry players. Research published last year in the Wall Street Journal lends credibility to the idea that the "wisdom of crowds" phenomenon applies not just to encyclopaedia entries and restaurant reviews, but also to stock market predictions, he notes.
When asked about the pros and cons of internet analysis, Wisniewski says: "Internet analysts seem to be more independent and free thinkers due to their non-strict relationship with the companies that they try to analyse, not to mention their different backgrounds and geographical locations. These analysts are also sometimes able to dig more into the companies they study because they can come from that particular industry or sometimes even that company. For example, an engineer working for a Chinese real estate company could potentially give better insights on this kind of company than an analyst sitting in an office
located on the other side of the world. There is also the risk that the financial data (e.g. balance sheet, cash flow statement, income statement, etc.) are not of a good quality. So to address this issue, we use well-known financial data providers when we analyse raw financial data.
"Of course, we review their audited annual reports because this is the place where you have got all the company information; you can’t be biased. Moreover, we do not follow one idea without testing it against many other researches on the same subject and even against the comments expressed at the end of the research by other analysts."
"The bottom line," he continues, "is that you can have hundreds of people "working for you," creating a big and creative investment committee that would be hard to replicate in-house."
NEW FEEDER FUND
In 2012, Wisniewski sold his stake in Investors TFI to the other partners in order to start his own hedge fund. He had agreed to an anti-competitive close and was finally able to start the marketing campaign of the fund in late spring this year. The fund is now present in several hedge funds databases.
Macromoney decided to launch a feeder fund in Poland that would invest 100% in the hedge fund, the master fund, to accelerate the growth of the AuM.
"In October 2014, we are going to make the first issue of the feeder fund in Poland, under the Polish Securities and Exchange Commission (KNF)," he adds. "Polish institutional and HNWI clients are not familiar with offshore strategies so we preferred to create and accommodate this master/feeder structure to them."
The Rise of Angel(List) and how it is rapidly changing the game of angel investing
2015-05-08T03:20:48.812558-04:00https://www.thetrustedinsight.com/investment-news/the-rise-of-angellist-and-how-it-is-rapidly-changing-the-game-of-angel-investing-20150508024/
See how AngelList is delighting startup founders, angel investors and their backers with the disruptive power of syndicates.
Managing Director Joins Levine Leichtman
2015-04-21T13:11:17.862743-04:00https://www.thetrustedinsight.com/investment-news/managing-director-joins-levine-leichtman-20150421832/
"Robert Hays has joined Levine Leichtman Capital Partners as an MD and co-head of investor relations. Most recently, Hays was Director of Investor Relations at H.I.G. Capital for five years."
Hedge Funds Study: Funds not engaging in general solicitations 506(c)
2015-03-01T18:47:06.618392-05:00https://www.thetrustedinsight.com/investment-news/hedge-funds-study-funds-not-engaging-in-general-solicitations-506c-20150301347/
Driven by our ongoing commitment to understanding the dynamics of the hedge fund marketplace, each year Seward & Kissel conducts The Seward & Kissel New Hedge Fund Study of newly-formed Hedge Funds s...
Acquire Real Estate Launches New Investing Platform for Individuals
2015-01-27T10:08:14.889110-05:00https://www.thetrustedinsight.com/investment-news/acquire-real-estate-launches-new-investing-platform-for-individuals-20150127154/
The firm has joined the growing momentum behind crowd investing, a variation of typical crowdfunding, with the only platform founded completely by real estate executives, who use their collective exp...
WeWork Raises $355M at Nearly $5B Valuation
2014-12-16T11:23:24.202959-05:00https://www.thetrustedinsight.com/investment-news/wework-raises-355m-at-nearly-5b-valuation-20141216883/
This is only the company’s second funding round. The previous funding, an angel round in January 2012, raised $6.85 million. WeWork was started in 2010....
Mark Suster of Upfront Ventures Focuses on the VC to LP Relationship
2014-12-09T18:10:45.037648-05:00https://www.thetrustedinsight.com/investment-news/mark-suster-of-upfront-ventures-focuses-on-the-vc-to-lp-relationship-20141209832/
Mark Suster talks about respecting customers and success.
Michael Dell Loves Being a Private Company CEO...For now
2014-11-26T18:47:10.261227-05:00https://www.thetrustedinsight.com/investment-news/michael-dell-loves-being-a-private-company-ceofor-now-20141126775/
“In Dell’s formative years, public markets provided capital enabling us to grow and thrive, as is the case for many companies. The problem is when customer and shareholder interests diverge. At Dell,...
New Way for Companies to Raise Capital in Brazil
2014-11-06T15:53:57.825624-05:00https://www.thetrustedinsight.com/investment-news/new-way-for-companies-to-raise-capital-in-brazil-20141106609/
Recent regulatory changes in Brazil that allow companies to sell shares to qualified buyers without having to register for a public offering could make it easier for private equity-backed companies t...
Partners Group Tries to Bring PE to 401(k)s
2014-10-30T13:44:29.167452-04:00https://www.thetrustedinsight.com/investment-news/partners-group-tries-to-bring-pe-to-401ks-20141030541/
Swiss-based Partners Group is launching an investment product next year that targets the multitrillion dollar 401(k) industry in the U.S., a source of capital that has so far largely been beyond the ...
Greenlight to Raise Money Again
2014-10-23T14:10:35.040144-04:00https://www.thetrustedinsight.com/investment-news/greenlight-to-raise-money-again-20141023467/
The hedge-fund firm, which has about $10 billion and has
been closed to new cash since the first quarter of 2012, will
begin accepting capital from existing investors on Nov. 1 and
new clients on Dec...
Hellman & Friedman Said to Plan $10.25 Billion Megafund
2014-09-18T16:07:02.292393-04:00https://www.thetrustedinsight.com/investment-news/hellman-friedman-said-to-plan-1025-billion-megafund-20140918121/
Hellman & Friedman LLC has set a
goal of more than $10 billion for its latest buyout fund, making
it part of an elite group of private-equity firms seeking that
much capital after the financial crisi...
One Savings Bank Directors get £34M from Share Awards Scheme
2014-07-31T12:20:57.665518-04:00https://www.thetrustedinsight.com/investment-news/8535-one-savings-bank-directors-get-34m-from-share-awards-scheme-20140731535/
Twelve directors of One Savings Bank bagged £34 million from the lender’s float last month thanks to a lucrative private equity award scheme....
The Volcker Rule Causing Goldman Sachs to Become Greedy
2014-07-31T12:05:22.342472-04:00https://www.thetrustedinsight.com/investment-news/8528-the-volcker-rule-causing-goldman-sachs-to-become-greedy-20140731528/
The investment bank, which has long claimed to be focused on the long-term, beat Wall Street’s estimates in its second quarter. But those better-than-expected results came with a caveat. About $1.2 b...
African IPO Fund-Raising Surpasses 2013 in First Half of 2014 - Frontier Markets News - Emerging & Growth Markets
2014-07-23T11:58:51.437342-04:00https://www.thetrustedinsight.com/investment-news/8409-african-ipo-fund-raising-surpasses-2013-in-first-half-of-2014-frontier-markets-news-emerging-growth-markets-20140723409/
Capital raised through IPO activity on African stock exchanges in 2014 has now surpassed the total raised during the whole of 2013....
500 Startups is Using Public Fundraising for New $100M Fund
2014-07-10T12:09:13.388764-04:00https://www.thetrustedinsight.com/investment-news/500-startups-is-using-public-fundraising-for-new-100m-fund-20140710266/
500 Startups, founded in 2010, is using new Securities and Exchange Commission rules that allow firms to engage in “general solicitation,” or public fundraising activities. Fund partners taking advan...
Lululemon's Advisors in Talks with Private Equity Firms on Possible Buyout
2014-07-03T12:42:07.431137-04:00https://www.thetrustedinsight.com/investment-news/8175-lululemons-advisors-in-talks-with-private-equity-firms-on-possible-buyout-20140703175/
Lululemon Athletica Inc founder Chip Wilson’s advisors have been talking to private equity firms including Leonard Green & Partners to find out if they are interested in buying the fashionable yoga g...
More Money, More Problems
2014-06-19T11:57:57.467896-04:00https://www.thetrustedinsight.com/investment-news/7952-more-money-more-problems-20140619952/
Private equity fundraising is on the rise. So are private equity deal prices (or at least deal multiples)...
Sageview & Foxconn-backed GoPro Files for a $100mn IPO
2014-05-20T09:39:53.668491-04:00https://www.thetrustedinsight.com/investment-news/7443-sageview-foxconn-backed-gopro-files-for-a-100mn-ipo-20140520443/
In 2013, the action camera company recorded a net profit of $60.6 million, though sales this year are down. The company notes "we do not expect to continue to grow in the future at the same rate as we have in the past and profitability in recent periods might not be indicative of future performance."
Qatar Royal Family Puts $2.4Bn into Deutsche Bank Capital Hike
2014-05-19T10:21:55.035966-04:00https://www.thetrustedinsight.com/investment-news/7433-qatar-royal-family-puts-24bn-into-deutsche-bank-capital-hike-20140519433/
The headquarters of Deutsche Bank are pictured in Frankfurt October 29, 2013. The bank had already raised 10.2 billion euros in equity in 2010 and a further 3 billion euros (2.4 billion pounds) in 20...
Another Apollo Partner Quits
2014-05-16T13:05:23.776610-04:00https://www.thetrustedinsight.com/investment-news/7405-another-apollo-partner-quits-20140516405/
The exodus of junior partners from Apollo Global Management has continued with the resignation of Scott Ross....