Huayin Health, a Guangzhou-based medical technology firm, has completed a Series C round financing of RMB600 million (US$85 million) led by GL Capital. Qianhai Fund of Funds, Everest Venture Capital, BOCG Investment, Chongqing Venture Capital and In Capital also participated in the round. Established in 2009, Huayin Health is a comprehensive medical technology group engaged [...] Chinese Medical Technology Firm Huayin Health Secures $85M In Series C Round comes from China Money Network: Primary Data for China's Primary Markets! All Rights Reserved.
Chris Flynn brings more than 25 years of experience to his new position. : Strategic Capital Fund Management has selected Chris Flynn to serve as chief investment officer of its data center division. Flynn brings more than 25 years of industry experience to his new role, having completed real estate transactions in excess of $25 billion. Prior to joining Strategic Capital Fund Management, Flynn served as president of Lightstone Group's Data Center Fund, overseeing the firm's investment strategy as well as development, leasing and operations.
Bill Ackman's Pershing Square took a big hit to its stock portfolio during the coronavirus sell-off. The billionaire's hedge fund saw its stakes in Hilton, Burger King-parent Restaurant Brands, Lowe's, and Berkshire Hathaway tumble in value by upwards of 20% last quarter. Ackman took advantage of the share-price declines to boost Pershing's holdings in all four companies and reinvest $720 million in Starbucks. Pershing's stakes in Lowe's, Starbucks, and Berkshire Hathaway are worth more now than in December. Visit Business Insider's homepage for more stories. Billionaire Bill Ackman's favorite stocks were pummeled by the novel coronavirus sell-off.
More than 80% of American states are home to at least one of 623 billionaires--including some non-U.S. citizens. : If this is your first time registering, please check your inbox for more information about the benefits of your Forbes account and what you can do next! More than 80% of American states are home to at least one of 623 billionaires--including some non-U.S. citizens. Even as the stock market faltered amid coronavirus concerns, the United States still leads the world in the number of billionaires who call the country their home.
The deal could peg the valuation of the Chinese online health platform at up to $10 billion. The post Citi replaces Credit Suisse in WeDoctor's $1b Hong Kong IPO appeared first on DealStreetAsia.
In a month defined by volatility, macro strategies were the only type of hedge funds to make gains in March as stock markets worldwide were plunged into chaos due to Covid-19. Across the hedge fund industry, overall figures remained in the red, save "event-driven strategies" which bet on global market and political events. Macro hedge funds managed to stay in the black as the coronavirus crisis triggered equity losses, sharp arbitrage spread widening, and an "expected" slowdown of the global economy, according to Hedge Fund Research.
(Bloomberg Opinion) -- With the coronavirus pandemic triggering wild price swings, hedge funds have got their dancing shoes on as they seek to make the most of volatile values and atone for their underperformance in recent years. While the temptation is for traders to load up on risk to boost profits and bonuses, strutting their stuff like drunken uncles at a particularly raucous wedding, a couple of recent blowups suggest that the risk managers charged with curbing those enthusiasms need to stand firm in setting and abiding by risk limits.
A $143B Reit Rout Pulverises Family Fortunes Across Asia, Companies & Markets News & Top Stories - The Straits Times
April 08, 2020 1:53 PMSINGAPORE (BLOOMBERG) - The Tangs are a classic Singapore power couple. : Gordon, a former professional windsurfer and avid sailor, and his wife Celine moved from China in the 1990s, founded trading firm Tang Dynasty and then established a real estate empire. Their SingHaiyi Group invests in commercial and residential properties in the island state and has expanded to the United States and Australia. Mr Neil Bush, brother of former US President George W. Bush, is on the board, where Celine serves as group managing director. Then the coronavirus pandemic hit.
Continuous delivery platform CircleCI has raised $100 million in a Series E funding round, according to TechCrunch. The round was led by IVP and Sapphire Ventures, and under the deal's terms, Cack Wilhelm of IVP will join the board while Sapphire's Jai Das will join as an observer. Last summer, CircleCI raised $56 million. The total [...]
In a sign of just how broken the process is for startups looking to receive stimulus dollars, Silicon Valley Bank, the bank that claims "more innovative startups bank with us than any other bank," only just began processing claims today. "Since the CARES Act and the PPP were announced, we have been hard at work [...]