Grofers has received another $70 Mn tranche of its Series F funding from SoftBank. The tranche is a part of... The post Softbank Releases $70 Mn Of Series F Funding To Grofers appeared first on Inc42 Media.
"We don't regulate the idealists well, because to some degree we are sucked in by their story. ": As a conference-circuit regular and former McKinsey consultant, writer Anand Giridharadas has seen firsthand business leaders' efforts to solve social problems. Fortune's Adam Lashinsky sat down with Giridharadas, who reveals why he's come to see those efforts as more self-serving than world-changing. Pious tech leaders particularly bother Giridharadas--precisely because they wield power under the flag of idealism. Each has a self-serving narrative, he argues: "Uber just wants to create micro-entrepreneurship in America. Google just wants to organize all the world's information.
The amount marks the largest real estate private equity fundraise to date for the global firm. : Ares Management Corp. has announced the final closing of its Ares European Real Estate Fund V SCSp at $1.9 billion. The fund focuses on acquiring undermanaged or underfunded assets in the residential, office, industrial and mixed-use sectors of European markets including Germany, France, the U.K. and Spain. The fund drew a diverse group of existing and new investors, including pension funds, insurance companies, sovereign wealth funds, endowments, asset managers, private banks and family offices, according to the company's announcement.
Schneider Electric is using basic data crunching in some of its technology. And that's just fine by them. : Ibrahim Gokcen, the digital chief technology officer for industrial giant Schneider Electric, has some words of caution about deep learning--the latest craze in artificial intelligence. Sometimes, conventional data crunching works just fine. All of the technology sold by Schneider that warns corporate customers when their industrial equipment may fail uses basic analytics or statistical analysis to make predictions. Although the software incorporates machine learning, it doesn't use deep learning, a technology that has led to breakthroughs in image and language translation.
The company expanded its footprint with the acquisition of a 329,000-square-foot industrial facility in Tolleson, Ariz.: Cohen Asset Management has acquired Tolleson Logistics Center, a 329,000-square-foot Class A industrial building in Tolleson, Ariz. Cushman & Wakefield arranged the transaction on behalf of the seller, Trammell Crow Co. The facility is 100 percent long-term leased to two international companies. Located at 200 N. 99th Ave., in the Southwest Valley industrial submarket, Tolleson Logistics Center is alongside Interstate 10 and near Interstate 17, and freeways 101 and 60.
Picton Mahoney Asset Management is the "most defensive" in a decade as the $5.5 billion Canadian hedge fund bets on a looming sell-off in credit. Trade tensions and a slowing global economy at a time when "complacency" in the bond market is running high are prompting the 15-year-old fund to hold its fire power in the fixed-income space. "We are not buying anything, we are just being patient trading in the secondary market," said Phil Mesman, partner and head of fixed income at the Toronto-based fund.
(Kitco News) - Gold's drop from last week's six-year high is attracting some bargain hunters, but one hedge fund manager is advising investors to ignore the price and buy the precious metal at any level.
(Reuters) - Hedge fund manager Kyle Bass told CNBC on Tuesday that he sees a "shallow recession" potentially in 2020, also adding that he thinks U.S. interest rates will follow the global interest rates all the way down to zero. "We're the only country that has an integer in front of our bond yields. We have 90% of the world's investment-grade debt. We actually have rule of law and we have a decent economy. All the money is going to come here," Bass, founder and chief investment officer at Hayman Capital Management, said in the interview https://cnb.cx/2ZeVfcr.
Plateau Energy Metals (TSXV: PLU) has lost its appeal to overturn a decision by the Instituto Geologico Minero y Metalurgico (INGEMMET) to cancel 32 of...