Brookfield Asset Management BAMCA:BAM and Brookfield Renewable Partners BEPCA:BEP.UT said they will evaluate their next steps, if any, after Origin Energy Ltd. AU:ORG shareholders rejected a $10.6 billion takeover proposal with private-equity firm EIG. Origin shareholders approved the deal by 69%, but the vote was short of the required 75% approval level. "We are seeing plentiful opportunities to deploy capital at or above our target returns," Brookfield Renewable Chief Executive Connor Teskey said. The firm said it remains on track to deploy up to $8 billion of equity capital over the next five years, which is consistent with its target.
OpenAI CEO Sam Altman reportedly invested $1 million in Rain AIOLIVIER DOULIERY/ GettyOpenAI agreed to pay startup company Rain AI $51 million for when its chips are released, per Wired.OpenAI chief Sam Altman reportedly invested $1 million of his own money in the company. Saudi Aramco's VC firm Prosperity7 also invested but sold its sell shares, Bloomberg reported. OpenAI signed a letter of intent to spend $51 million on chip startup Rain AI, Wired reported.
The Twenty Minute Vc (20vc): Venture Capital | Startup Funding | The Pitch: 20vc: From Construction Worker To Billionaire Ceo; The 21-year Epic Journey Of Procore To An $8.6bn Company, Advice From Tobi At Shopify On Being A Great Ceo & Why The Idea Of "becoming An Entrepreneur" Is Bs With Tooey Courtemanche
Tooey Courtemanche, Jr. is the Founder, CEO, President, and Chairman of the Board of Procore. He founded Procore in 2002 with a mission to connect everyone in construction on a global platform. After 13 years of business, the company had just $9.6M in revenue, 8 years after that they have over $890M in revenue. Under his leadership, Procore has grown to become a leading global provider of construction management software, connecting over 2 million users across 150+ countries. Today Procore trades on the New York Stock Exchange under the ticker PCOR.
Adio And Faraday Future Unleash Generative Ai And Advanced Evs For Abu Dhabi's Savi Cluster -december 04, 2023 At 06:03 Am Est | Marketscreener
(marketscreener.com) Faraday Future exploring establishing a regional HQ and manufacturing and advanced R&D facilities in Abu Dhabi Agreement signed during COP28 https://www.marketscreener.com/quote/stock/FARADAY-FUTURE-INTELLIGEN-125090786/news/ADIO-and-Faraday-Future-unleash-generative-AI-and-advanced-EVs-for-Abu-Dhabi-s-SAVI-cluster-45492930/?utm_medium=RSS&utm_content=20231204.
Hywin Holdings Wins Key Honor From Hong Kong Limited Partnership Fund Association (hklpfa) -december 04, 2023 At 06:01 Am Est | Marketscreener
(marketscreener.com) HONG KONG, Dec. 04, 2023 -- Hywin Holdings Ltd. , a leading independent wealth management and health management service provider in China, was recognized as "Best Provider of Family Office Services" at the "Hong Kong Limited Partnership Fund Association - Annual Awards 2023", a tribute to its contributions to the Hong...https://www.marketscreener.com/quote/stock/HYWIN-HOLDINGS-LTD-120718175/news/Hywin-Holdings-Wins-Key-Honor-from-Hong-Kong-Limited-Partnership-Fund-Association-HKLPFA-45492893/?utm_medium=RSS&utm_content=20231204.
Many of the 7,500 people who voted in this year's Ideal Employer survey selected hedge funds as their preferred places to work. They don't map one-to-one, but a lot of the hedge funds that were voted first or second as Ideal Employers by respondents to our survey are also some of the biggest hedge funds by assets under management (AUM). That shouldn't be surprising. The biggest hedge funds are some of the best known. And when AUM are combined with leverage and strong returns, they enable the funds managing them to invest more in technology and to generate strong profits.
I last covered the WisdomTree Emerging Markets High Dividend Fund ETF (NYSEARCA:DEM) in early 2022. In that article, I argued that DEM's diversified emerging market holdings, cheap valuations, and strong yield, made the fund a buy. DEM has since significantly outperformed most other emerging market equity funds, while matching the returns of the S&P 500. Although fund performance was reasonably good, I did expect stronger absolute returns and outperformance. DEM is an emerging market dividend index ETF, tracking the WisdomTree Emerging Markets High Dividend Index.
When Marc Nachman, head of Goldman Sachs' asset and wealth management division, is mentioned in polite company, he's usually portrayed as a behind the scenes sort of presence. He's a "fixer," said the Financial Times in November last year. He's David Solomon's guy, added the FT more recently: D-Sol uses M Nachman for his structural fixes. However, Nachman is also "very smart" and "digs into detail." This might sound good until you are being dug into, an experience that seems to have afflicted one of Solomon's other favourite people.
Warburg Pincus: Warburg Pincus Names Vishal Mahadevia As Asia Private Equity Head - The Economic Times
Private equity firm Warburg Pincus announced the appointment of Vishal Mahadevia, its India head, as the head of Asia private equity, a newly created position. The move is part of an Asia-wide reshuffle at the U.S. investment firm. Mahadevia, with 17 years of experience at the firm, will also continue as co-head of financial services.