Trusted Insighthttp://thetrustedinsight.com/2022-10-26T13:24:27.857498-04:00Trusted 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.
Tech Unicorn Startups Valued At $1B Now Rare In Silicon Valley
2022-10-26T13:24:27.857498-04:00https://www.thetrustedinsight.com/investment-news/tech-unicorn-startups-valued-at-1b-now-rare-in-silicon-valley-20221026655/
A billion dollars may seem to be a big bet, but unicorn status for years has helped young companies attract employees and media attention, as well as offer founders runway to pursue new ideas and cachet with potential partners.
Chinese Digital Media Outlet Jiemian Raises $71M In Series C Round – China Money Network
2020-08-04T04:47:42.553007-04:00https://www.thetrustedinsight.com/investment-news/chinese-digital-media-outlet-jiemian-raises-71m-in-series-c-round-china-money-network-20200804510/
Chinese digital media outlet Jiemian announced the completion of a series C round with a total financing of more than RMB500 million (US$71.7 million), and its valuation has increased significantly compared with before. Investors in this round include strategic investors such as China Internet Investment Fund and Shanghai Xuhui State-owned Assets Investment (Group) Co., Ltd. […] Chinese Digital Media Outlet Jiemian Raises $71M In Series C Round comes from China Money Network: Primary Data for China's Primary Markets! All Rights Reserved.
Former Andreessen Horowitz partner Benedict Evans joins EF as Venture Partner – TechCrunch
2020-05-19T11:35:36.928533-04:00https://www.thetrustedinsight.com/investment-news/former-andreessen-horowitz-partner-benedict-evans-joins-ef-as-venture-partner-techcrunch-20200519824/
A well-respected analyst with a background in the tech and media industries, Evans will be tasked with providing “analysis, insight and recommendations” for new technologies and markets that offer opportunities for the EF company builder model and to support future EF cohorts.
MIT Media Lab In Crisis After Scholars Vow To Leave Over Epstein Ties
2019-08-26T10:13:19.782742-04:00https://www.thetrustedinsight.com/investment-news/mit-media-lab-in-crisis-after-2-scholars-vow-to-leave-over-epstein-ties-20190826435/
The elite research center at the Massachusetts Institute of Technology, where hundreds of graduate and undergraduate students study tech topics, is in turmoil. It was revealed that its director, Joichi Ito, had ties to Jeffrey Epstein, who had given money to the lab and to Mr. Ito’s own venture capital funds.
Bitcoin Has 'No Intrinsic Value,' As UK Moves Towards Crypto Ban
2019-08-02T07:42:51.497456-04:00https://www.thetrustedinsight.com/investment-news/bitcoin-has-no-intrinsic-value-as-uk-moves-towards-crypto-ban-20190802648/
Bitcoin and cryptocurrency regulation has been pushed into the limelight over recent weeks, thanks to social media giant Facebook's high profile plans to launch its own potential rival to bitcoin sometime next year.
IPC Media Pension Scheme Appoints BlackRock As Fiduciary Manager
2017-08-15T11:04:42.860713-04:00https://www.thetrustedinsight.com/investment-news/ipc-media-pension-scheme-appoints-blackrock-as-fiduciary-manager-20170815462/
The IPC Media Pension Scheme has appointed BlackRock as its fiduciary manager to look after assets of around ÂŁ600m
Tiger Cub Coatue Management +22% YTD As Tech Focus Pays Off
2017-08-08T14:41:03.982681-04:00https://www.thetrustedinsight.com/investment-news/tiger-cub-coatue-management-22-ytd-as-tech-focus-pays-off-20170808387/
Philippe Laffont’s hedge fund Coatue Management has reportedly returned 5% in July and is ahead approximately 22% for the year through the end of last month, largely by riding the recent gains in technology stocks. Last month was the sixth monthly gain of 2017 for the company’s flagship fund, according to a Bloomberg article. The long/short fund focuses on technology, media and telecom investments and has around $8 billion in assets. Coatue’s performance, while far ahead of the typical hedge fund’s returns (HFR’s HFRX Global Hedge Fund Index is up +3.51% through the end of July), roughly mirrors the 21%...
SoftBank Mulls Uber Or Lyft Investment
2017-08-08T10:44:27.642845-04:00https://www.thetrustedinsight.com/investment-news/softbank-mulls-uber-or-lyft-investment-20170808366/
<p data-reactid="40">SoftBank Group Corp, a prolific investor in global technology startups, reported a sharp rise in quarterly profits and said it would be interested in parking funds in ride-hailing firms Uber Technologies or Lyft Inc in the future.</p>
<p data-reactid="41">This is the first time Softbank has publicly indicated an interest in Uber, after having so far put funds into its rival Grab in Southeast Asia and China's Didi Chuxing. Last month, a media report said Uber shareholders and its board were mulling a stock sale to SoftBank and other investors.</p>
Emerson Collective To Acquire Majority Ownership Of The Atlantic
2017-07-28T10:39:38.750160-04:00https://www.thetrustedinsight.com/investment-news/emerson-collective-to-acquire-majority-ownership-of-the-atlantic-forming-partnership-with-david-bradley-20170728232/
Emerson Collective, the organization founded and run by Laurene Powell Jobs, has agreed to acquire majority ownership of The Atlantic. The acquisition includes its flagship magazine, digital properties, live events business, and consulting services.
Enigma Launch Aims To Boost Crypto Hedge Fund Creation
2017-07-26T11:06:06.841543-04:00https://www.thetrustedinsight.com/investment-news/enigma-launch-aims-to-boost-crypto-hedge-fund-creation-20170726214/
MIT Media Lab-incubated startup Enigma is today revealing a product designed to simplify the set-up of crypto hedge funds. Source
Starboard Value Hedge Fund Wants To Force ComScore To Hold An Annual Meeting
2017-07-26T10:31:03.917182-04:00https://www.thetrustedinsight.com/investment-news/starboard-value-hedge-fund-wants-to-force-comscore-to-hold-an-annual-meeting-20170726204/
Jeffrey Smith, chief executive of Starboard Value, whose new target is comScore, the big media measurement company.
The Carlyle Group Promotes Cam Dyer And Patrick McCarter To Co-Heads Of Global Technology, Media And Telecommunications Team
2017-07-25T10:36:31.035530-04:00https://www.thetrustedinsight.com/investment-news/the-carlyle-group-promotes-cam-dyer-and-patrick-mccarter-to-co-heads-of-global-technology-media-and-telecommunications-team-20170725180/
Global alternative asset manager The Carlyle Group (NASDAQ: CG) today announced that Managing Directors Patrick R. McCarter and Campbell Cam R. Dyer and have been promoted to Co-Heads of the Global Technology, Media and Telecommunications (TMT) team. They succeed long-term Head James A. Attwood, Jr. who will continue as a Managing Director on the TMT team and maintain service on a number of Carlyle portfolio company boards. Mr. Dyer is based in Washington, DC and Mr. McCarter is based in Menlo Park, CA. Their new roles are effective September 1, 2017.
Carlyle To Raise $5B For Its Fifth Asia Buyout Fund
2017-07-25T10:04:31.762603-04:00https://www.thetrustedinsight.com/investment-news/carlyle-to-raise-5b-for-its-fifth-asia-buyout-fund-20170725171/
<p>The Carlyle Group, a global alternative asset manager, is seeking to raise US$5 billion for its fifth Asia buyout fund, Carlyle Asia Partners V.</p>
<p>The buyout fund will reach its first close in October this year, according to media reports citing insiders. Carlyle's Asia Buyout Group looks at investment opportunities in a range of sectors, including financial services, media and telecommunications, manufacturing and consumer products, in Australia, Greater China, India, Korea and Southeast Asia.</p>
BSD Tech Weekly - July 14, 2017 - Black Swan Dexteritas, Inc.
2017-07-14T09:56:30.514267-04:00https://www.thetrustedinsight.com/investment-news/bsd-tech-weekly-july-14-2017-black-swan-dexteritas-inc-20170714012/
Manufacturers are already experimenting with the Compute Card. LG, for example, has a large display that turns into an all-in-one PC when you drop it in, Seneca is using it to power a digital media p...
SoftBank Fund Hires Michael Ronen Away From Goldman Sachs
2017-07-13T15:08:12.135091-04:00https://www.thetrustedinsight.com/investment-news/softbank-fund-hires-michael-ronen-away-from-goldman-sachs-20170713995/
Michael Ronen, Goldman Sachs Group Inc’s co-chief operating officer of the global technology, media and telecommunications group, is leaving the firm to join Masayoshi Son’s planned $100 billion SoftBank Vision Fund.
Gabrielle Bernstein: The Universe Has Your Back | SuperSoul Sessions | Oprah Winfrey Network
2017-07-02T08:37:26.842151-04:00https://www.thetrustedinsight.com/investment-news/gabrielle-bernstein-the-universe-has-your-back-supersoul-sessions-oprah-winfrey-network-20170702778/
Many of us believe the universe sends us messages, whether we notice them or not. Gabrielle Bernstein says one of those messages for her came in the form of a turkey! Yes, a turkey! Gabrielle explain...
Neighbours: Explaining Canada Day to America
2017-06-29T14:41:34.598629-04:00https://www.thetrustedinsight.com/investment-news/neighbours-explaining-canada-day-to-america-20170629712/
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Salesforce’s new Einstein AI services can detect if and why social media hates your product – GeekWire
2017-06-28T15:21:21.439350-04:00https://www.thetrustedinsight.com/investment-news/salesforces-new-einstein-ai-services-can-detect-if-and-why-social-media-hates-your-product-geekwire-20170628692/
Salesforce is expanding its Einstein artificial intelligence services for developers writing apps on its platform, launching three new services that help marketers measure brand sentiment and even re...
TPG, Hellman & Friedman At Pointy End In Fairfax Media Duel
2017-06-28T15:17:02.216505-04:00https://www.thetrustedinsight.com/investment-news/tpg-hellman-friedman-at-pointy-end-in-fairfax-media-duel-20170628686/
<p>It's down to the short strokes in Fairfax Media's auction and at the stage where a lot can happen in one day. </p>
<p>As of Wednesday night, private equity suitors Hellman & Friedman and TPG were still working towards Fairfax Media's imposed Friday deadline, although it remains to be seen whether either - let alone both - would have an offer in front of the media company's board, as requested. </p>
BSD Tech Weekly - June 16, 2017 - Black Swan Dexteritas, Inc.
2017-06-27T14:51:01.810872-04:00https://www.thetrustedinsight.com/investment-news/bsd-tech-weekly-june-16-2017-black-swan-dexteritas-inc-20170627638/
The selloff started with a report on technology valuations from Goldman Sachs last Friday, and a report from Bloomberg News that upcoming iPhones will use modem chips with slower download speeds than...
Shkreli's Relative Warned Witness Not To Testify, U.S. Says
2017-06-23T11:11:05.888036-04:00https://www.thetrustedinsight.com/investment-news/shkrelis-relative-warned-witness-not-to-testify-us-says-20170623575/
A member of Martin Shkreli’s family told a witness not to testify at the former pharmaceutical executive’s fraud trial, a U.S. prosecutor told a judge. “That contact has veered into the territory that has been less than appropriate,” Alixandra Smith said at a hearing in Brooklyn federal court Thursday. Shkreli, the 34-year-old founder of Retrophin Inc. and Turing Pharmaceuticals AG, is accused of defrauding investors in two hedge funds and using $11 million of Retrophin assets to pay them off. He had been dubbed in the media as the "most hated man in America" for raising the price of a...
Apollo, OTPP-Led Investor Group To Buy CareerBuilder
2017-06-19T16:08:40.365551-04:00https://www.thetrustedinsight.com/investment-news/apollo-otpp-led-investor-group-to-buy-careerbuilder-20170619414/
<p>A group of investors led by U.S. private equity firm Apollo Global Management LLC and Ontario Teachers’ Pension Plan will buy a majority stake in job portal CareerBuilder LLC, the firms said on Monday.</p>
<p>Chicago-based CareerBuilder is owned by Tribune Media Co, TV station operator Tegna Inc and newspaper group McClatchy Co. These current owners will all retain a minority stake, Apollo said.</p>
Vice Gets $450M Private Equity Investment From TPG
2017-06-19T16:02:10.845264-04:00https://www.thetrustedinsight.com/investment-news/vice-gets-450m-private-equity-investment-from-tpg-20170619409/
Vice Media just landed a $450 million investment from private equity firm TPG that the millennial-focused digital media company will use to develop scripted programming and streaming video. The deal also reportedly boosts Vice's valuation to $5.7 billion, according to multiple reports, though the companies did not disclose the size of TPG's minority stake in Vice.
Light Street Hedge Fund Jumps 43% Topping Tiger Cubs With Tech
2017-06-14T11:45:17.413277-04:00https://www.thetrustedinsight.com/investment-news/light-street-hedge-fund-jumps-43-topping-tiger-cubs-with-tech-20170614327/
Light Street Capital Management, the $1.1 billion hedge fund founded by Tiger Cub Glen Kacher, gained 42.6 percent in the first five months of the year on technology bets. Light Street’s flagship fund rose 11 percent in May, according to a person familiar with the matter. Wagers on e-commerce firms Shopify Inc., Square Inc. and Amazon.com Inc. as well as China’s Tencent Holdings Ltd. and Momo Inc., a social media company, contributed to returns, the person said. The hedge fund, which focuses on telecommunications, media and technology stocks, is one of a handful to outperform the market in tech stocks this...
Private Equity Suitors Eye Domain As Fairfax Media Management Begin Presentations
2017-06-01T14:48:03.863332-04:00https://www.thetrustedinsight.com/investment-news/private-equity-suitors-eye-domain-as-fairfax-media-management-begin-presentations-20170601031/
Fairfax Media's real estate classifieds and services business Domain is the key focus of both Hellman & Friedman and TPG Capital as the publisher's management begin presentations to the US-based private equity takeover suitors.
Swiggy Raises $80M From Naspers, SAIF Partners, Others
2017-05-30T17:30:37.640883-04:00https://www.thetrustedinsight.com/investment-news/swiggy-raises-80m-from-naspers-saif-partners-others-20170530967/
Online food delivery startup Swiggy has raised about $80 million Series E funding led by South African Internet and media conglomerate Naspers. Existing investors Accel India, SAIF Partners, Bessemer Venture Partners, Harmony Partners, and Norwest Venture Partners also participated in the round. The current round has pegged Swiggy’s valuation at about $400M.
Australia’s Real Estate Boom Has Wall Street Wooing A Newspaper Publisher
2017-05-30T10:52:29.517785-04:00https://www.thetrustedinsight.com/investment-news/australias-real-estate-boom-has-wall-street-wooing-a-newspaper-publisher-20170530938/
Just weeks ago, Fairfax Media said it would have to sharply reduce staffing at many of its newspapers. But Domain, Fairfaxâs lucrative online real estate portal, has had its revenue continue to grow.
Adani Defers Carmichael Coal Mine Investment Decision
2017-05-22T17:56:03.689297-04:00https://www.thetrustedinsight.com/investment-news/adani-defers-carmichael-coal-mine-investment-decision-20170522766/
Adani wanted the Queensland government to delay the start of royalty obligations on the coal mine it hopes to build in Queensland's Galilee Basin, media reports said.
Jim Chanos: Tesla A Poster Child Of This Market #SALT2017
2017-05-19T12:02:03.898411-04:00https://www.thetrustedinsight.com/investment-news/jim-chanos-tesla-a-poster-child-of-this-market-salt2017-20170519684/
During the media Q&A session at the 2017 SALT Conference, hedge fund manager Jim Chanos reiterated his short stance on Tesla Inc. read more
Ex-Goldman Trader Speaks Out After Shutting Asia Hedge Fund Startup
2017-05-19T11:54:20.468793-04:00https://www.thetrustedinsight.com/investment-news/ex-goldman-trader-speaks-out-after-shutting-asia-hedge-fund-startup-20170519679/
After deciding to shutter his hedge fund following a slump in returns, former Goldman Sachs Group Inc. trader Leland Lim is in search of some answers. Lim’s Hong Kong-based Guard Capital Management, one of Asia’s most successful hedge fund startups, decided to close its $873 million macro hedge fund after a 5.1 percent loss in 2016 and another 4 percent retreat in the first quarter of this year. In the first media interview since he announced the move to investors, Lim, 41, said an “intense” analysis of the fund’s disappointing performance led him to believe that the investment team’s setup...
Here’s Where Hedge Funds Invested In The First Quarter
2017-05-17T11:36:05.689307-04:00https://www.thetrustedinsight.com/investment-news/heres-where-hedge-funds-invested-in-the-first-quarter-20170517596/
An employee closes the Snapchat Spectacles by Snap Inc. vending machine pop-up store after sunset in the Venice neighborhood of Los Angeles. The favorite new bets by hedge funds ranged from the predictable Facebook Inc. to the less known VCA Inc., a pet-service provider. Many companies attracting the most hedge fund money in the first quarter have either agreed to deals or closed them. Dow Chemical’s $78 billion merger with DuPont Co. is expected to close in August. Liberty Media Corp. purchased Formula 1 in January, Mead Johnson Nutrition Co. agreed to buy Reckitt Benckiser Group during the first quarter,...
Kalaari Capital Founder Steps Down From Snapdeal Board
2017-05-15T09:09:10.202482-04:00https://www.thetrustedinsight.com/investment-news/kalaari-capital-founder-steps-down-from-snapdeal-board-20170515486/
Vani Kola, founder and managing director of venture capital firm Kalaari Capital, which is an early investor in online marketplace Snapdeal, has resigned from the e-tailer’s board amid talks of its impending sale to bigger rival Flipkart.
Ctrip, Blackstone Said To Weigh Bids For ProSieben Travel Arm
2017-05-12T17:57:17.395758-04:00https://www.thetrustedinsight.com/investment-news/ctrip-blackstone-said-to-weigh-bids-for-prosieben-travel-arm-20170512483/
Ctrip.com International Ltd., the biggest Chinese trip-booking website, is among suitors weighing bids for German media giant ProSiebenSat.1 Media SE’s online travel business, according to people with knowledge of the matter.
Private Equity Firm TPG Approaches Fairfax Media About $2.2B Demerger
2017-05-10T15:32:01.572503-04:00https://www.thetrustedinsight.com/investment-news/private-equity-firm-tpg-approaches-fairfax-media-about-22b-demerger-20170510388/
Private equity group TPG has approached Fairfax Media about a $2.2 billion demerger of its online property classifieds business and metropolitan mastheads in a bid that will attract political scrutiny and earn a cautious reception from the company's board.
Tencent Leads $54M Series H In Music App As It Eyes IPO
2017-05-10T10:39:32.833316-04:00https://www.thetrustedinsight.com/investment-news/tencent-leads-54m-series-h-in-music-app-as-it-eyes-ipo-20170510366/
Social media music company Smule has raised $54 million in a financinground led by Chinese technology giant Tencent Holdings Ltd, which it will use to fuel international growth. The deal will help San Francisco-based Smule expand its foothold in Asia and puts it on course for an initial public offering that could come as soon as within the next year and a half.
Canadian Pension Fund Eyes Fairfax Media
2017-05-09T10:42:13.863720-04:00https://www.thetrustedinsight.com/investment-news/canadian-pension-fund-eyes-fairfax-media-20170509303/
The board of the $175 billion Ontario Teachers' Pension Plan and TPG Group, known as the TPG Consortium, issued an unsolicited, preliminary, and non-binding indication of interest to purchase a refined Fairfax known as Domain Co.
Fairfax Media Management In Urgent Talks Over TPG Approach
2017-05-08T16:21:40.455859-04:00https://www.thetrustedinsight.com/investment-news/fairfax-media-management-in-urgent-talks-over-tpg-approach-20170508276/
Senior management at Fairfax Media were on Sunday locked in urgent meetings after private equity outfit TPG Capital approached the company with an offer to buy its biggest assets.
Qatar Holding Gets Voting Rights Boost In Media Giant Lagardere
2017-05-04T17:58:07.189867-04:00https://www.thetrustedinsight.com/investment-news/qatar-holding-gets-voting-rights-boost-in-media-giant-lagardere-20170504188/
Qatar Holding, a sovereign wealth enterprise (SWE) of the Qatar Investment Authority (QIA), is a major shareholder in Lagardère Group, a multinational media conglomerate based out of France.
Fertitta Brothers Launch $500M Investment Fund
2017-05-02T17:27:41.290569-04:00https://www.thetrustedinsight.com/investment-news/fertitta-brothers-launch-500m-investment-fund-20170502101/
Fresh off their $4 billion sale of mixed martial arts promotion company UFC last year, the Fertitta brothers have launched a $500 million private investment firm that will focus on consumer-facing companies in the technology, media and entertainment sectors.
Fertitta Capital Launches With $500M
2017-05-02T17:17:45.357414-04:00https://www.thetrustedinsight.com/investment-news/fertitta-capital-launches-with-500m-20170502091/
Fertitta Capital, a new private investment firm focused on consumer-facing companies in the tech, media and entertainment sectors, has launched with a $500 million investment from Frank and Lorenzo Fertitta. Nakisa Bidarian will serve as CEO and co-founder of the firm.
A $28B Hedge Fund Is Pushing Into Machine Learning
2017-05-01T17:25:49.136824-04:00https://www.thetrustedinsight.com/investment-news/a-28b-hedge-fund-is-pushing-into-machine-learning-20170501028/
Man GLG, a UK hedge fund overseeing $US28.8 billion of assets as of March 31, is embracing machine learning. The group has created a new position titled "head of machine learning." The new role will oversee development of Man GLG's machine learning capabilities involving news and social media analysis, breaking market news, and visualising complex data.
Twenty-First Century Fox In Talks With Blackstone To Buy Tribune
2017-05-01T15:31:14.787980-04:00https://www.thetrustedinsight.com/investment-news/twenty-first-century-fox-in-talks-with-blackstone-to-buy-tribune-20170501010/
Twenty-First Century Fox Inc is in talks with Blackstone Group LP about submitting an offer to buy Tribune Media Co , one of the largest U.S. television station operators, sources familiar with the matter said on Sunday.
New Judgment In Data Scraping Dispute Could Impact Hedge Fund Managers
2017-04-19T11:16:04.290681-04:00https://www.thetrustedinsight.com/investment-news/new-judgment-in-data-scraping-dispute-could-impact-hedge-fund-managers-20170419722/
Below is a summary of a recent development that may be of interest from our Technology, Media & Telecommunications (TMT) practice Group. Our TMT, Regulatory and Securities Litigation Groups have been working closely with our Hedge Fund Group in counseling hedge fund managers with respect to the complex regulatory, compliance and contractual issues raised by their data aggregation, web scraping and other data science methods and practices (both internally developed and externally sourced). For years, craigslist has aggressively used technological and legal methods to prevent unauthorized parties from scraping, linking to, or accessing user postings for their own commercial purposes....
Glynn Capital-Backed SeatGeek Acquires Israeli Ticketing Company At $57M
2017-04-19T09:24:39.948446-04:00https://www.thetrustedinsight.com/investment-news/glynn-capital-backed-seatgeek-acquires-israeli-ticketing-company-at-57m-20170419705/
SeatGeek acquired Israeli ticketing software company TopTix for $56 million. The acquisition was financed by a $57 million Series D round led by Glynn Capital and joined by existing investors Accel Partners, Causeway Media Partners, Haystack Partners, Mousse Partners and Technology Crossover Ventures.
Warburg Pincus Appoints New Industry Advisor In Tech
2017-04-18T10:28:46.439347-04:00https://www.thetrustedinsight.com/investment-news/warburg-pincus-appoints-new-industry-advisor-in-tech-20170418684/
Warburg Pincus, a leading global private equity firm focused on growth investing, today announced the appointment of Paul Maritz as an industry advisor in its Technology, Media and Telecommunications Group. In this role, Mr. Maritz will work with Warburg Pincus to explore investment opportunities in enterprise software, including the application of cloud computing and machine learning to business problems.
Shanghai Media Group, Creative Industry Co-Lead $108M Series A In Online Music Platform
2017-04-12T09:48:33.389560-04:00https://www.thetrustedinsight.com/investment-news/shanghai-media-group-creative-industry-co-lead-108m-series-a-in-online-music-platform-20170412479/
<strong>NetEase Cloud Music</strong>, a Chinese online music platform, has closed its Series A funding round at $108 million. The lead investor was <strong>Shanghai Media Group. Mango Cultural and Creative Industry Private Equity Fund</strong> and<strong> CICC Jiatai Fund</strong> also participated in the round.
Here’s An Obscure Thing Hedge Funds Are Buying Because Of The North Korea Nuclear Risk
2017-04-11T17:53:54.054680-04:00https://www.thetrustedinsight.com/investment-news/heres-an-obscure-thing-hedge-funds-are-buying-because-of-the-north-korea-nuclear-risk-20170411469/
Hedge funds are snapping up insurance against a South Korean default as the nuclear threat from North Korea appears to grow. "The speed of the move in the cost of protection is one of the sharpest we've witnessed in years," said Larry McDonald of "The Bear Traps Report" newsletter. As measured by South Korea's five-year-default swap, the cost of protection against the country's inability to pay back loans leaped Tuesday to its highest level since July. As of last August, S&P had an AA credit rating and a stable outlook for South Korea. North Korean state media warned...
One Of Germany's Wealthiest Family To Form Multi-Family Office
2017-04-03T18:07:27.947229-04:00https://www.thetrustedinsight.com/investment-news/one-of-germanys-wealthiest-family-to-form-multi-family-office-20170403129/
The family office of the Reimanns, among the wealthiest families in Germany, wants to attract other rich families to a fund it has set up to invest in startups.
Private Equity Heavyweights Turn Attentions Down Under
2017-03-31T14:36:07.261478-04:00https://www.thetrustedinsight.com/investment-news/private-equity-heavyweights-turn-attentions-down-under-20170331066/
TPG and KKR are both considering major deals in Australiaâa country where activity from US-based private equity investors is on the downturn. TPG is reportedly nearing a deal to acquire Fairfax Media (ASX: FXJ), the publisher of newspapers like The [âŚ]
VC Backed Food Delivery Startup Seeks $50M In Fresh Funding
2017-03-28T10:41:05.541176-04:00https://www.thetrustedinsight.com/investment-news/vc-backed-food-delivery-startup-seeks-50m-in-fresh-funding-20170328881/
Online food delivery start-up Swiggy, Bundl Technologies Pvt. Ltd, is in talks with potential investors to raise at least $50 million in fresh funding, a move that is likely to give the company significant financial heft over rival Zomato Media Pvt. Ltd, said two persons aware of the development.
European Startups Need Help From Family Office Investors
2017-03-27T12:13:55.256806-04:00https://www.thetrustedinsight.com/investment-news/european-startups-need-help-from-family-office-investors-20170327855/
With, according to some estimates, $4 trillion held in family offices globally today, the diversity of investors from the family space in VC is on the rise. Against a backdrop of intense media interest in the tech startup ecosystem more generally, and a younger, more tech-savvy generation taking over the running of many family offices from their parents, research from Concentric (my firm) last year uncovered a huge and growing appetite for VC among these funds.
Why Success In Gaming Is Like Success In VC: Kevin Chou, Former Canaan Partner | Podcast
2017-03-17T10:38:46.891164-04:00https://www.thetrustedinsight.com/investment-news/why-success-in-gaming-is-like-success-in-vc-kevin-chou-former-canaan-partner-podcast-20170317592/
Kevin Chou is co-founder and CEO of Kabam, a world leader in mobile free-to-play games. At Kabam, Kevin catapulted revenue to $400 million and a valuation of more than $1 billion in 2014. Under Kevin’s leadership, Kabam has raised more than $240 million from venture and strategic investors, including some of the world’s largest entertainment and internet companies such as Alibaba, Google, Intel and Warner Brothers. Before Kabam, Kevin worked at Canaan Partners, Kabam’s initial investor and where he invested in 14 consumer technology and online media companies.
Would ADIC And Ontario Teachers Approve Of A Neiman Marcus Takeover?
2017-03-15T16:53:05.016236-04:00https://www.thetrustedinsight.com/investment-news/would-adic-and-ontario-teachers-approve-of-a-neiman-marcus-takeover-20170315518/
North American luxury department stores are struggling for a variety of reasons including the hegemonic demise over high-end products thanks to e-commerce businesses and consumer spending habits. Neiman Marcus Group LLC, the luxury retailer store business, is up for sale, according to various media reports including The Wall Street Journal. Neiman Marcus is owned by [âŚ]
Mass Appeal Lands $6M Series A Funding
2017-03-07T16:46:04.796001-05:00https://www.thetrustedinsight.com/investment-news/mass-appeal-lands-6m-series-a-funding-20170307223/
Universal Music Group (UMG) has led a $6M Series A funding round for Mass Appeal, a New York-based media & content company focused on urban culture.
Amazon Web Services Acquires Media Rendering Startup For Undisclosed Sum
2017-03-07T16:04:32.912946-05:00https://www.thetrustedinsight.com/investment-news/amazon-web-services-acquires-media-rendering-startup-for-undisclosed-sum-20170307210/
Amazon Web Services has acquired Thinkbox Software, which makes technology used by media and entertainment architects and engineers to manage render farms — large systems for processing computer-generated graphics and video.
Jacob Wohl "Teen Hedge Fund Guru" Gets Lifetime Ban From NFA"
2017-03-06T12:01:49.532082-05:00https://www.thetrustedinsight.com/investment-news/jacob-wohl-teen-hedge-fund-guru-gets-lifetime-ban-from-nfa-20170306132/
The Jacob Wohl odyssey has come to an end, at least in the eyes of the National Futures Association (NFA). The Chicago-based derivatives industry self-regulator, operating under authority granted by the Commodity Futures Trading Commission, announced a panel on Thursday ruled that Wohl and his firm, Nex Capital, were permanently barred from NFA membership. With few exceptions, this ban prohibits Wohl from engaging in futures-related activity with customers that requires NFA membership, such as managing customer accounts. Wohl first caught attention by appearing on local news as well as in national media under the heading of “The Wohl of Wall Street.”...
The VC That Helped Build Dollar Shave Club Is Investing Big in Original Content
2017-03-06T10:32:50.336689-05:00https://www.thetrustedinsight.com/investment-news/the-company-that-helped-build-dollar-shave-club-is-investing-big-in-original-content-adweek-20170306117/
The venture builder that previously helped get companies like Dollar Shave Club, HelloSociety and FameBit off the ground, is launching a new media entertainment network.
Hedge Fund Interview: Steven Kiel: Arquitos Capital Management
2017-03-03T15:16:04.033026-05:00https://www.thetrustedinsight.com/investment-news/hedge-fund-interview-steven-kiel-arquitos-capital-management-20170303070/
Arquitos Capital Management’s returns since inception have been second-to-none. Last year the fund produced a return of 54.9% net of fees in 2016 compared to 12.0% for the S&P 500. Since launch (April 2012) the fund has delivered an annualized return of 28.3% net for investors (35.4% gross) outperforming the S&P 500 by 68.5% over the period. Arquitos is modeled after the partnerships managed by Warren Buffett from 1956-1969. The fund uses a bottom-up, company-specific approach, identifying situations where significant mispricing exists. Many of the fund’s largest holdings are micro-caps, with no analyst or media coverage whatsoever, which makes them...
NBC Invests $500M In Snapchat As Part Of IPO To Build Digital Media Business
2017-03-03T14:38:50.942820-05:00https://www.thetrustedinsight.com/investment-news/nbc-invests-500m-in-snapchat-as-part-of-ipo-to-build-digital-media-business-20170303060/
NBCUniversal, has invested $500 million in Snapchat parent Snap Inc. during its IPO on Thursday, and as part of a longterm partnership.
Ex-ATP Chief Stendevad To Join Bridgewater
2017-03-02T11:09:31.005059-05:00https://www.thetrustedinsight.com/investment-news/ex-atp-chief-stendevad-to-join-bridgewater-20170302022/
Carsten Stendevad, who resigned as CEO of Danish pension fund ATP in August, is to join US hedge fund giant Bridgewater Associates. Stendevad will work with the Connecticut-based firm for a year as part of a new “senior fellowship program”, Bridgewater founder Ray Dalio said in a letter to clients, which was also posted on LinkedIn. Dalio said the programme would “bring highly distinguished individuals into Bridgewater for a year to explore what our culture is like and lend their expertise and insights to our organization”. “We expect a limited number of such special people to join this program in the future,” he added.
Arnab Goswami, Raghav Bahl To Barkha Dutt Set Up Own Ventures, Here’s How They Intend To Disrupt, Yet Again
2017-03-01T16:50:45.441972-05:00https://www.thetrustedinsight.com/investment-news/arnab-goswami-raghav-bahl-to-barkha-dutt-set-up-own-ventures-heres-how-they-intend-to-disrupt-yet-again-20170301006/
Be it the gritty reporting of Barkha Dutt or the fiery attitude of Arnab Goswami or the sharp business acumen of Raghav Bahl, the Indian news genre has been defined by these personalities over the last few years. As they float their own ventures, the spotlight is on them to see how they fare. Chandni Mathur of BrandWagon notes how they intend to disrupt, yet again.
The Top Hedge Funds Of 2016 Share Their Best Bets For This Year
2017-03-01T10:45:30.311045-05:00https://www.thetrustedinsight.com/investment-news/the-top-hedge-funds-of-2016-share-their-best-bets-for-this-year-20170301971/
To find out what hedge fund managers are looking out for in 2017, we asked several who topped Bloomberg’s 2016 global ranking of the 50 best-performing hedge funds with more than $1 billion in assets. After riding a jump in equities, oil and high-yield debt in the past year, some of the managers see more opportunity in commodities, energy and corporate debt.
China Investment Corp’s Chairman Ding Xuedong Has Resigned
2017-02-24T11:24:41.729550-05:00https://www.thetrustedinsight.com/investment-news/china-investment-corps-chairman-ding-xuedong-has-resigned-20170224830/
Ding Xuedong, chairman and chief executive of the US$810 billion-under-management sovereign wealth fund China Investment Corp (CIC), has stepped down, according to Chinese media reports citing insiders. No explanation was disclosed on why he had resigned and who will take his position at the Chinese state wealth manager. Ding, born in 1960, said last month at the Asian Financial Forum in Hong Kong that the sovereign wealth fund manager plans to invest in infrastructure projects in the U.S. as U.S. President Trump calls for a fiscal expansion package to stimulate the world's largest economy. The Jiangsu province...
Chinese Firm CSCEC Pulls Out Of Cairo Relocation Mega Project
2017-02-15T17:11:59.877465-05:00https://www.thetrustedinsight.com/investment-news/chinese-firm-cscec-pulls-out-of-cairo-relocation-mega-project-20170215516/
The ambitious scheme will instead be “built by Egyptian hands”, Egypt’s Housing Ministry said in a statement on 8 February, Reuters and local media reported....
Silicon Valley Bank, Vector Capital Finance $60M Deb For Media Intelligence Startup
2017-02-09T14:00:27.432155-05:00https://www.thetrustedinsight.com/investment-news/silicon-valley-bank-vector-capital-finance-60m-deb-for-media-intelligence-startup-20170209332/
Meltwater, a global leader in media intelligence solutions, today announced it has closed a $60M debt funding round with Silicon Valley Bank and Vector Capital in order to ramp up strategic acquisitions.
Liberty Media Closes Formula 1 Buy
2017-02-08T15:28:24.612585-05:00https://www.thetrustedinsight.com/investment-news/liberty-media-closes-formula-1-buy-20170208283/
Liberty Media Corp said Jan. 23 that it has closed its buy of Formula 1. Formula 1 has named Liberty Media its chief executive. Bernie Ecclestone, who was CEO, was named chairman emeritus.
How Venture Investors Separate AI Hype From Reality
2017-02-02T11:53:41.413848-05:00https://www.thetrustedinsight.com/investment-news/how-venture-investors-separate-ai-hype-from-reality-20170202095/
GUEST: Artificial intelligence has captured public imagination, dominated media coverage, and driven furious volumes of investment and acquisition activity. In the midst of this hype cycle, spotting the difference between phony wannabes and true investments can be a challenge. We interviewed seasoned VCs from top firms like CRV, IA Ventures, Two Sigma, and more to find [âŚ]
Sequoia-, Kleiner-Backed Flipagram Acquired By Chinese Firm For Undisclosed Sum
2017-02-01T17:20:37.348396-05:00https://www.thetrustedinsight.com/investment-news/sequoia-kleiner-backed-flipagram-acquired-by-chinese-firm-for-undisclosed-sum-20170201085/
Popular video app Flipagram is getting acquired by Chinese company Toutiao for an undisclosed amount. Flipagram was once a social media darling but the startup has been quiet recently. Flipagram will remain an independent product for the time being and the team will stay in its own office in the U.S
Hedge Fund Spear Point Sets Eyes On TheStreet
2017-02-01T10:50:09.786569-05:00https://www.thetrustedinsight.com/investment-news/hedge-fund-spear-point-sets-eyes-on-thestreet-20170201042/
There could be a roll-up of two struggling digital media operations in the near future — if one investor in TheStreet.com and Salon Media has his way. Now that the activist investor, Spear Point, has finally closed the deal to seize control of the board of foundering Salon Media, it is resetting its sites on Jim Cramer’s TheStreet. “We do think there is room for consolidation, especially in the smaller end of the market,” said Ron Bienvenu, managing partner of New Orleans-based Spear Point, which has less than $100 million under management. “TheStreet, I think, lacks compelling vision,” said Bienvenu....
Donald Trump's Tweets: Hedge Funds Trying To Profit
2017-01-31T16:50:10.059374-05:00https://www.thetrustedinsight.com/investment-news/donald-trumps-tweets-hedge-funds-trying-to-profit-20170131028/
Day traders love making bets on tweets from U.S. President Donald Trump, but some of the most prominent quantitative strategists from hedge funds and banks are not quite ready to make big, bold trades on his social media musings. The president's active Twitter presence has lifted volatility in financial markets, which is good for day traders who capitalize on price fluctuations in highly liquid markets. Such traders, who have a short-term horizon, have struggled the last few years as market moves have become steadier and more predictable amid a low interest-rate environment. "Trump's tweets are a good opportunity for a...
Ex-DreamWorks Boss Raises Almost $600M For Investment Fund
2017-01-27T12:02:44.551207-05:00https://www.thetrustedinsight.com/investment-news/ex-dreamworks-boss-raises-almost-600m-for-investment-fund-20170127888/
The 66-year-old entertainment-sector heavyweight has already raised nearly $600 million for the fund, which is expected to search for acquisitions in the digital media and tech industries.
Hedge Fund Taking Over Salon Media
2017-01-26T15:45:11.467265-05:00https://www.thetrustedinsight.com/investment-news/hedge-fund-taking-over-salon-media-20170126863/
Spear Point is going to officially assume control of the Salon Media board Friday and Silicon Valley billionaire John Warnock, a co-founder of Adobe, is expected to step down as chairman, The Post has learned. Warnock and another member of Silicon Valley royalty, Bill Hambrecht, had been funding the left-leaning news and opinion site for years. In a shakeup in November, Warnock, Hambrecht and other debt holders swapped their debt for equity. Warnock ended up with 50 percent of the common stock. Hambrecht who was an advisor to IPOs for Apple, Google and countless others, ended up with 32 percent...
Marcato Capital Urges Virtus To Use Cash To Buy RidgeWorth
2017-01-25T11:29:07.612269-05:00https://www.thetrustedinsight.com/investment-news/marcato-capital-urges-virtus-to-use-cash-to-buy-ridgeworth-20170125796/
The deal could add more than 50 percent to Virtus' earnings,
significantly more than the fund manager's expectation of more
than 15 percent, if cash at hand was used to fund the deal,
Marcato said....
China Merchants, EasyCapital Co-lead $100M Series C In Edtech Startup Xuebajun
2017-01-24T11:08:01.110037-05:00https://www.thetrustedinsight.com/investment-news/china-merchants-easycapital-co-lead-100m-series-c-in-edtech-startup-xuebajun-20170124742/
Wanxin Media and existing investors Qiming Venture Partners, Trustbridge Partners, and Vertex Ventures also participated, the China Money Network reported reported.
Singapore Press Holdings' Start-up Accelerator Is Officially Dead
2017-01-23T16:13:20.102518-05:00https://www.thetrustedinsight.com/investment-news/singapore-press-holdings-start-up-accelerator-is-officially-dead-20170123716/
SPH spokesman Yeo Siew Chi confirmed the news with Tech in Asia. Starting from this year, “the SPH Media Fund will focus on a direct investment strategy and we will no longer continue with the SPH Plug and Play accelerator program,” he said via email. The SPH Media Fund is the investment arm of SPH.
Chinese Investors Buy Tech Media IDG
2017-01-19T16:33:46.273631-05:00https://www.thetrustedinsight.com/investment-news/chinese-investors-buy-tech-media-idg-20170119614/
<p>It is the latest technology and media asset to be sold to Chinese investors, following deals for US companies last year such as television producer Dick Clark Productions, and customer satisfaction firm JD Power and Associates.</p>
The Dangers Of Raising A Large Series A: Rishi Garg, Partner, Mayfield Fund | Podcast
2017-01-18T10:59:06.430059-05:00https://www.thetrustedinsight.com/investment-news/the-dangers-of-raising-a-large-series-a-rishi-garg-partner-mayfield-fund-podcast-20170118499/
Rishi Garg is a General Partner at Mayfield Fund, where he focuses on new media platforms, disruptive financial services and new marketplaces. Prior to joining Mayfield, Rishi was as Vice President of Corporate Development and Strategy at Twitter where he led the company’s most active M&A program, including the acquisitions of Periscope, TellApart, TapCommerce, and many others.
Mike Jones & The Science Behind Startup Success
2017-01-13T17:48:05.707328-05:00https://www.thetrustedinsight.com/investment-news/mike-jones-the-science-behind-startup-success-20170113428/
The goals of Science are threefold: First, identify great entrepreneurs, get their products live, and find them supporting funding to build their dreams. The second is to drive growth for these businesses, and third is to realize the enterprise value of the businesses through private transactions or IPOs.
Regal Fund Management Hedge Fund Down 45 Percent In 2016
2017-01-12T14:35:09.208494-05:00https://www.thetrustedinsight.com/investment-news/regal-fund-management-hedge-fund-down-45-percent-in-2016-20170112375/
Crispin Odey has attracted plenty of negative media attention over the past few weeks after it emerged that his main hedge fund suffered a 49.5% loss during 2016, following a decline of 13% during 2015. Client assets fell by 60%. These almost irrecoverable losses put Odey’s flagship fund at the top of large hedge fund loser board for 2016 and, an enviable position no manager wants to find themselves in. But as it turns out, Odey is not alone in the 40%+ losses category. One of the few well-known hedge funds trading out of Australia also racked up losses of...
Canadian PE Firm Clairvest To Earn 92% Return From Sale Of Cieslok Media To Bell
2017-01-05T12:17:09.989661-05:00https://www.thetrustedinsight.com/investment-news/canadian-pe-firm-clairvest-to-earn-92-return-from-sale-of-cieslok-media-to-bell-20170105160/
Canadian private equity firm Clairvest Group has sold its portfolio company Cieslok Media Ltd, a Toronto-based outdoor advertising business, to Bell Media Inc for an undisclosed sum. Clairvest, which partnered with Jörg Cieslok in a management buyout in 2013, said it realized cash proceeds equal to 7.8 times invested capital with the deal’s closing.
Does Criticism Of Bridgewater Miss The Point?
2017-01-04T11:35:05.602989-05:00https://www.thetrustedinsight.com/investment-news/does-criticism-of-bridgewater-miss-the-point-20170104108/
Ray Dalio, founder of the world’s largest hedge fund, has a problem with “fake and distorted media,” which he says “is not just a fringe media problem; it is a mainstream media problem.” The head of the $160 million Bridgewater […]
Bridgewater's Ray Dalio Calls For 'systemic Checks' On Mainstream Media
2017-01-03T14:47:49.130665-05:00https://www.thetrustedinsight.com/investment-news/bridgewaters-ray-dalio-calls-for-systemic-checks-on-mainstream-media-20170103064/
The hedge fund billionaire says media often distort facts, citing his own experiences with a critical Wall Street Journal article.
C-Bridge Capital Leads $100M Series B In Liver Disease Treatment
2017-01-03T11:12:50.148566-05:00https://www.thetrustedinsight.com/investment-news/c-bridge-capital-leads-100m-series-b-in-liver-disease-treatment-20170103026/
Ascletis announced today it has successfully completed <span class="xn-money">US$100 million</span> (<span class="xn-money">RMB 700 million</span>) series B financing. The investment was led by C-Bridge Capital, joined by a number of new investors including QianHai Equity Investment FOF, FOCUS Media Jiangnanchun Foundation, WTT Investment, together with the current investors Goldman Sachs, Tasly Pharmaceutical which participated in series A financing. Ascletis plans to use the proceeds from this financing to expand its product portfolio and sales force.
Opal Raises More Cash To Help Brands Create And Produce Marketing Campaigns
2016-12-28T17:20:09.255520-05:00https://www.thetrustedinsight.com/investment-news/opal-raises-more-cash-to-help-brands-create-and-produce-marketing-campaigns-20161228960/
Opal is raising more cash. A new SEC filing reveals that the Portland startup, previously known as Opal Labs, has raised $12 million of a larger investment round. Opal CEO Steve Giannini confirmed that the company is raising more money, but did not reveal more details about investors or how Opal will use the fresh funding. Founded in 2011, Opal helps businesses streamline the production of marketing and social media campaigns with one central platform and framework. Clients include NASA, Nike, Starbucks, Target, Airbnb, and others. In 2014, Opal raised an $8 million Series A round led by Seattle-based Madrona Ventures. Len Jordan, managing director at…...
Trump Won't Be Able To Close His Foundation Until Attorney Investigation Is Complete
2016-12-27T10:52:42.182061-05:00https://www.thetrustedinsight.com/investment-news/trump-wont-be-able-to-close-his-foundation-until-attorney-investigation-is-complete-20161227874/
<p>President-elect Donald Trump says he will dissolve his charitable foundation before taking office to avoid conflicts of interest. The Democratic Party says that's not enough and is calling for the billionaire businessman to put his assets in a blind trust.</p>
<p>The New York attorney general's office has been investigating the foundation following media reports that foundation spending went to benefit Trump's campaign. A spokeswoman says the foundation cannot close until the investigation is complete.</p>
<p> </p>
Twitter Executive Exits, Joins Venture Firm Greylock
2016-12-22T08:26:22.465896-05:00https://www.thetrustedinsight.com/investment-news/twitter-executive-exits-joins-venture-firm-greylock-20161222809/
Greylock Partners, a top-tier Silicon Valley venture firm, said on Tuesday it has hired a new investing partner in Josh McFarland, who will be leaving his executive post at Twitter Inc. McFarland, who has been vice president of product at Twitter, is just the latest executive to leave the struggling social media company this year. Four senior executives left San Francisco-based Twitter in January, and another two executives departed in May amid the company's tumultuous efforts to find new products and features to grow its user numbers.
Liberty Media To Raise $1.55B To Fund Formula One Deal
2016-12-19T14:41:16.710639-05:00https://www.thetrustedinsight.com/investment-news/liberty-media-to-raise-155b-to-fund-formula-one-deal-20161219652/
<p>Liberty Media Corp., led by U.S. cable mogul John Malone, said on Wednesday it would raise $1.55 billion to fund its acquisition of Formula One racing car series.</p>
<p>The company said investors, including Coatue Management LLC, D. E. Shaw and Jana Partners, had committed to the financing through a subscription for Liberty’s Series C common stock at $25 per share.</p>
<p>Liberty Media took control of the cash-generating glamour sport in September in a deal valued at $8 billion, ending a long-running saga surrounding the sport’s ownership and potential flotation.</p>
German Media Giant Burda Swoops On Radio Times In £260M Deal
2016-12-19T11:44:00.096094-05:00https://www.thetrustedinsight.com/investment-news/german-media-giant-burda-swoops-on-radio-times-in-260m-deal-20161219631/
The Radio Times, Britain’s best-known television listings magazine, will be sold this week to one of Germany’s biggest media groups in a £260m deal. Sky News has learnt that Hubert Burda, which publishes the YourHome and Wedding lifestyle magazines, is putting the finishing touches to a takeover of Immediate Media, which has been owned by Exponent Private Equity since 2011. In addition to the Radio Times, Immediate publishes a number of BBC-branded magazine titles such as Top Gear, Top of the Pops and CBeebies.
State Of Technology At The End Of 2016
2016-12-14T10:34:55.421627-05:00https://www.thetrustedinsight.com/investment-news/state-of-technology-at-the-end-of-2016-20161214475/
Each of these epochs laid the ground work for what followed: PCs were where browsers ran, and browsers enabled the build-out of cloud services that made mobile so compelling.
CalPERS Sues IAC Over Move To Maintain Diller's Voting Power
2016-12-13T14:56:08.538608-05:00https://www.thetrustedinsight.com/investment-news/calpers-sues-iac-over-move-to-maintain-dillers-voting-power-20161213445/
The California Public Employees’ Retirement System said on Monday it had filed a lawsuit to block IAC/InterActiveCorp (IAC.O) from issuing a new class of non-voting stock that it said was aimed at securing Barry Diller’s control over the online media company at the expense of other shareholders.
What We Can Learn From the Yale Endowment
2016-12-13T11:39:58.220613-05:00https://www.thetrustedinsight.com/investment-news/what-we-can-learn-from-the-yale-endowment-1-20161213396/
Those in the investment community’s inner circle acknowledge that David Swensen, who runs the Yale Endowment, has an enviable investment record—who wouldn’t want the kudos that accompany running a $25 Billion fund and outperforming by close to 30% more than its nearest competitor in 2015?
HKMA Concerned Following Arrests Of DBS Staff On Suspicion Of Selling Customers’ Data
2016-12-09T14:54:31.417657-05:00https://www.thetrustedinsight.com/investment-news/hkma-concerned-following-arrests-of-dbs-staff-on-suspicion-of-selling-customers-data-20161209295/
<p>Hong Kong’s financial regulator said it will “follow up” with the bank after reports that 20 employees were arrested by ICAC.</p>
<p>The Hong Kong Monetary Authority has declared itself to be concerned following media reports that 20 DBS bank staff were arrested on Thursday for allegedly selling customers’ personal data.</p>
KKR Closes Next Generation Growth Tech Fund At $711M
2016-12-08T13:15:38.156695-05:00https://www.thetrustedinsight.com/investment-news/kkr-closes-next-generation-growth-tech-fund-at-711m-20161208250/
<p>KKR has raised its next generation growth tech fund at $711 million. NGT will focus on making growth equity investments in the tech, media and telecom sectors in North America, Europe and Israel.</p>
<p>The limited partners of the fund include public and corporate pensions, family offices and high-net worth individual investors.</p>
KKR Wants Stake In German Research Firm GfK To Drive Turnaround
2016-12-08T13:11:32.357621-05:00https://www.thetrustedinsight.com/investment-news/kkr-wants-stake-in-german-research-firm-gfk-to-drive-turnaround-20161208244/
<p>U.S. private equity firm Kohlberg Kravis Roberts launched a tender offer on Thursday for a stake in Germany's GfK, teaming up with the faltering market research firm to develop new computer-based strategies and fend off competition.</p>
<p>GfK's majority shareholder, GfK Verein, will hold on to its 56.46 percent stake under the agreement but said it would support the technological overhaul proposed by KKR, which has a track record of successfully turning around media and market research businesses.</p>
100 Most Exciting Startups In New York City
2016-12-08T10:38:24.503772-05:00https://www.thetrustedinsight.com/investment-news/100-most-exciting-startups-in-new-york-city-20161208215/
A panel of 40 judges, including Business Insider's Henry Blodget and Karl-Theodor zu Guttenberg, chairman of Spitzer Partners, chose the finalists.
KKR Raises A $711M Tech Growth Fund
2016-12-08T10:15:12.680853-05:00https://www.thetrustedinsight.com/investment-news/kkr-raises-a-711m-tech-growth-fund-20161208214/
KKR, the global investment firm, is announcing a $711 million close this morning on its KKR Next Generation Technology Growth Fund, which it plans to use to back growth-stage companies in the technology, media and telco industries in North America, Europe and Israel.
Tech Investor Glade Brook To Shut Hedge Fund, Favors Narrower Bets
2016-12-02T11:57:45.750034-05:00https://www.thetrustedinsight.com/investment-news/tech-investor-glade-brook-to-shut-hedge-fund-favors-narrower-bets-20161202953/
Glade Brook Capital Partners LLC is shutting its original hedge fund in favor of a new series of vehicles focused on big bets in public securities, it said in a letter to investors on Tuesday.
The change comes as the hedge fund has lost about 8 percent so far this year, after an average annual gain of about 8 percent since inception in 2011. The fund's assets peaked at about $900 million i...
Twitter Buys Yes, Inc.
2016-12-02T11:41:43.934249-05:00https://www.thetrustedinsight.com/investment-news/twitter-buys-yes-inc-20161202943/
The new VP of Product, Keith Coleman, steps into the role as part of Twitter’s purchase of seven-person mobile app startup Yes, Inc., where he served as CEO. Prior to that gig, the exec worked as a product manager for another little startup called Google.
In-Q-Tel, The CIA's VC Arm, Has Had A Busy Few Years
2016-12-02T11:09:34.875310-05:00https://www.thetrustedinsight.com/investment-news/in-q-tel-the-cias-vc-arm-has-had-a-busy-few-years-20161202939/
In-Q-Tel has made a lot of new investments in recent years, and the company has expanded its network of syndicate partners, which is pretty much business as usual at the CIA’s VC fund.
Highlight Communications, Others Lead $4.4M Series A App Monetization Startup
2016-12-01T13:48:31.104111-05:00https://www.thetrustedinsight.com/investment-news/highlight-communications-others-lead-44m-series-a-app-monetization-startup-20161201923/
Geenee just closed a $4.4 million Series A round from Highlight Communications AG, Constantin Media AG, Stephen Cohen and Steve Titus, among others.