Active-management alpha now key to hedge funds' success, as economies emerge from Covid slump Submitted By Hugh Leask | 18/01/2021 - 4:52pm K2 Advisors, the hedge fund investing unit of Franklin Templeton, says active-management alpha will be critical to hedge funds' success this year, as the global economy mounts a tentative recovery from the coronavirus pandemic. Brooks Ritchey and Robert Christian, co-heads of investment research and management at K2, said the Covid-driven economic slowdown appears to be nearing an end, as individuals and corporations have been able to weather the economic storm partly due to "enormous stimulus" from governments.
Despite a COVID-19 outbreak at Rochelle Foods in Illinois, the feds demanded it open. This fall, a second outbreak wasn't publicly reported.
Using a crisis to reduce child poverty and make America more truly a land of opportunity. : Soon after Franklin Roosevelt was inaugurated in 1933, a visitor assessed the stakes of his New Deal proposal. "Mr. President, if your program succeeds, you'll be the greatest president in American history," the visitor told him. "If it fails, you will be the worst one." That story, from Jonathan Alter's excellent book "The Defining Moment," about Roosevelt's first 100 days, underscores the desperation and uncertainty in the Great Depression as Roosevelt took office -- a desperation that may seem familiar today.
German HR platform Personio, cofounded by 30 Under 30 honoree Hanno Renner, announced today that it has raised $175 million on a $1.7 billion valuation, becoming the first European HR tech unicorn.
Around 30% of Baupost's assets under management are invested in stocks and shares. The remainder is spread between cash, credit investments and some real estate, although these are only rough figures. The general public does not have a complete picture of where the assets are invested. Seth Klarman (Trades, Portfolio)'s hedge fund has no limits guiding where it can invest. That's why the portfolio is so diverse. The value investor is able to own virtually any asset he thinks is undervalued. That also includes private equity and private businesses.
Hedge funds posted their best returns in a decade as the strategy extended strong gains in November, bringing full-year 2020 performance to 11.6% based on the HFRI Fund Weighted Composite index run by Hedge Fund Research (HFR). The full-year gain follows a difficult time for hedge funds in the first quarter of the year, as the coronavirus pandemic and the ensuing lock downs led to a decline of 11.6%.
Which Compass investors have the most to gain? Compass investors in line for payday, $100M for a flex-living startup Compass investors could be in line for a windfall when the residential brokerage goes public later this year. Since its launch in 2012, Compass has raised more than $1.5 billion from investors, who collectively hold a 60.25 percent stake in the startup, according to data from Pitchbook. We took a deep dive into its cap table ... [more] The post Compass investors in line for payday, $100M for a flex-living startup appeared first on The Real Deal South Florida.
French oil and gas major Total SE is to acquire a 20% stake in Adani Green Energy Ltd (AGEL), the renewables arm of the Ahmedabad-based diversified Adani group, and 50% ownership of the company's operating solar projects with aggregate capacity of over 2 GW (gigawatts) for $2.5 billion.
French oil major Total has acquired a stake in India's Adani Green Energy (AGEL), a move that continues to push it ahead of its fellow European oil majors when it comes to renewables. AGEL has 3 GW of operating renewable capacity, the same in construction and 8.6 GW in development, adding up to 14.6 GW. By 2025 it is targeting 25 GW. It claims to be the world's largest solar developer. In June last year, it won the world's largest solar tender, an 8 GW auction in India.
The new owner landed a 15-year $40.6 million Fannie Mae acquisition loan. : BH Equities has sold The Standard at 2690, a 456-unit apartment community in Clearwater, Fla., for $57.6 million to Infinity BH. The company financed the purchase with a $40.6 million Fannie Mae loan. Greystone originated the note, which matures in 2036, according to Yardi Matrix data. The property last changed hands in April 2016, when Electra America sold it for $35.6 million. Located on 20 acres at 2690 Drew St., the multifamily property encompasses 11 buildings completed in 1973.