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June 10, 2021

Boston Children's Portfolio Has Done Well Despite Challenging 12-15 Months, Says Philip Rotner, Chief Investment Officer | Q&A

Philip Rotner is the chief investment officer at Boston Children's Hospital, where he manages the hospital's endowment, pension, and short-term investment assets. In this interview, he explains why Boston Children's Hospital continues to be ranked as the number one pediatric hospital in the world, how Boston Children's built its proprietary investment model to support its mission of treating sick children, and how health system's don't ordinarily plan to sustain 12 months of losses caused by a pandemic. Although, Phil adds that investment markets have done just fine despite a challenging 12-15 months.
Read by 31% of LPs 10 minutes ago

Ride Health Raises $10M Funding

NEW YORK, NY, Ride Health announced the closing of a $10 million funding round led by Topmark Partners.
Read by 40% of LPs 20 minutes ago

Hedge Funds Continue Winning Performance Ways In April, Says Evestment

Hedge fund performance was broadly positive in April, with 85 per cent of funds reporting to eVestment seeing positive performance figures and the industry as a whole posting a return of +2.61 per cent for the month, according to the just-released April 2021 eVestment hedge fund performance data. Year to date (YTD) average performance for the industry stands at +7.61 per cent, which is a fairly good relative return when looking across global equity and fixed income markets, says to eVestment Global Head of Research Peter Laurelli.
Read by 76% of LPs 50 minutes ago

Rockefeller, Ikea Foundations Establish $1B Green Energy Initiative, Seek Additional Investment | The Daily Caller

'Galvanize a better future': The IKEA and Rockefeller foundations have set up a $1 billion initiative aimed at fighting climate change and providing clean energy in developing economies, the foundations announced Monday. The initiative, which seeks to reduce 1 billion tons of carbon emissions and provide clean energy to 1 billion people, is set to launch later this year, the foundations said in a statement Monday. The plan aims to avoid centralized sources of energy such as power plants and instead use "mini-grid" and "off-grid" solutions such as wind power, solar power, and hydropower.
Read by 65% of LPs 1 hour, 19 minutes ago

Securitize Raises $48M In Funding Round Led By Blockchain Capital, Funds Managed By Morgan Stanley

Securitize Raises $48 Million in Funding Round led by Blockchain Capital, Funds Managed by Morgan Stanley Crowdfund Insider. : Securitize, Inc., a digital securities ecosystem platform, has raised a solid $48 million in a funding round that was led by funds managed by Morgan Stanley Tactical Value and Blockchain Capital. Said to be oversubscribed, the Series B found saw the participation of both new and existing investors. According to a note posted by Securitize, new investors Ava Labs, IDC Ventures, Migration Capital, NTT Data, and Sumitomo Mitsui Trust Bank joined in.
Read by 48% of LPs 1 hour, 19 minutes ago

The Infrastructure Bill & Pension Funds - A $3T Action Item

The political discussion is also leaving an important tool on the sidelines -- at least half of the targeted spend lies in the traditional domain of private investment -- from renewable energy to high voltage electricity transmission, and even transit stations and water treatment plants.
Read by 61% of LPs 1 hour, 20 minutes ago

House Financial Services Committee Testimony Highlights The Need To Improve Ipo Market, Increase Access To Private Securities Offerings

House Financial Services Committee Testimony Highlights the Need to Improve IPO Market, Increase Access to Private Securities Offerings Crowdfund Insider. : Late last month, the House Committee on Financial Services held a hearing addressing the topic of capital formation and the state of the US initial public offering market. While several witnesses focused on the rapid rise of SPACs, one witness pointed to the precipitous decline in IPOs and the fact that companies are remaining private as long as possible - thus cutting out smaller investors from the growth opportunity.
Read by 67% of LPs 1 hour, 50 minutes ago

Crude Oil Price Today: Will Iranian Supply Change The Course Of Oil Prices? - The Economic Times

According to a report by Platts, Iran has already been ramping up oil production, with its total output reaching 2.43 million barrels per day in April, up by 1,30,000 barrels per day from March and the highest since May 2019.
Read by 70% of LPs 2 hours, 12 minutes ago

Reliance Jio: Intel Partners With Reliance Jio, To Work On 5g Network Technology, Telecom News, Et Telecom

Intel's venture capital unit last year invested $250 million in Reliance Industries Ltd's Jio Platforms unit, saying the two companies would find areas of technology partnership. On Monday, Intel said it will work on "co-innovations" with Reliance Jio for its 5G radio-access network (RAN), among other things.
Read by 47% of LPs 2 hours, 20 minutes ago

Former Wall Street Traders Create Billion Dollar Crypto Business

Amber Group -- a cryptocurrency startup created by ex-Morgan Stanley traders -- has reached unicorn status as investors pour in $100 million at a $1 billion valuation. The Hong Kong-based company uses algorithmic trading, commonly used by Wall Street firms investing in stocks and indexes, to arbitrage the massive price swings in digital coins. Amber...
Read by 36% of LPs 2 hours, 50 minutes ago

J.p. Morgan Asset Management Acquires Campbell Global, A Leading Player In Forest Management And Timberland Investing

NEW YORK, June 21, 2021 /PRNewswire/ -- In an effort to directly impact the transition to a low-carbon economy and provide ESG-minded investment opportunities related to climate, conservation and biodiversity, J.P. Morgan Asset Management has acquired Forest Management and Timberland...
Read by 43% of LPs