Why Private Equity Will Continue To Play A Role In Institutional Portfolios
During the private equity panel at the Trusted Insight Summit 2019, senior-level investment leaders from two endowments, a health care system, and a public pension shared their thoughts on how private markets will continue to develop in the next decade and how it will impact institutional portfolios. They also discuss why they will continue strategic and consistent deployments into private equity rather than a tactical approach; the emerging market opportunities that they are focused on; and how active and hands-on they are when working with new funds.
N26 Extends Series D Funding Round To $470 Million; Now Valued At $3.5B
N26 Extends Series D Funding Round to $470 Million; Now Valued at $3.5 Billion Crowdfund InsiderN26, a European digital-only bank, announced on Thursday a $170 million extension of its Series D funding round to $470 million. N26 reported that the.
Take It Easy: Central Bank U-turns Loosen Financial Conditions
Rate cut bets and rallying equity and bond markets are feeding into a gradual loosening of financial market conditions that could potentially send world growth ticking higher by the end of the year,...
Evercore Set To Lose Out As Aramco Reshuffles Ipo Roles: Sources
Boutique investment bank Evercore Partners has lost the chance to retain a prime position as an independent advisor for Saudi Aramco's potential $100 billion share sale, as the oil giant revives its postponed listing, three sources said.
Esg-focused Ethic Secures $13M In Funding | Wealth Management
Bridging technology and investing trends, Ethic aims to facilitate individualized portfolios weighing ESG factors. : Tech-enabled ESG-focused asset manager Ethic announced it raised $13 million as part of a Series A investment round, according to a company announcement. The multimillion-dollar investment was led by Nyca Partners, and included investments from Fidelity Investments and Ashton Kutcher's Sound Ventures VC fund, among other investors. Advisors who use Dynasty Financial Partner's TAMP may already be familiar with the company, as the firm added Ethic to its technology stack earlier this month.
Workday Buys Trusted Key In First Exit For Seattle's Kernel Labs, And A Proof Point For Startup Studios - Geekwire
Business cloud software giant Workday has acquired Seattle-based Trusted Key in a deal that shows how the startup studio model is gaining traction. Founded in 2016 by former executives at Microsoft and Oracle, Trusted Key developed a digital identity platform based on blockchain technology. The company spun out of Kernel Labs, a Seattle startup studio that creates new companies from scratch with a support system of financial, technical and administrative expertise. Kernel has quietly launched seven companies in the fields of machine learning, cybersecurity and virtual reality.
Compounding Machines, Cigar Butt Stocks And The Appeal Of Bond Ratings Agencies
By Tanzeel Akhtar - High conviction investment ideas rule at Valley Forge Capital Management, a Wayne, Pennsylvania-based equity hedge fund manager with around USD450 million in assets. Here, founder Dev Kantesaria explains the firm's 'different' approach to value investing and why there's no place for 'speculative securities' and 'ineffective financial engineering' in the investment playbook...
Blackstone Profit Down 58% As Investment Fees Drop Despite Fundraising Prowess
Click to view a price quote on BX. : Blackstone, (BX - Get Report) the biggest publicly traded U.S. private-equity firm, on Thursday posted a 58% decline in net income, as investment income tumbled. Net income was $647 million, down from $1.55 billion in the year-earlier period, the New York firm said. Revenue such as management fees and investment income fell 44%, while expenses including compensation went down by 15%. In a statement CEO Stephen Schwarzman didn't mention the profit drop, choosing instead to highlight the firm's success in bringing in some $45 billion of new funds from investors.
Morningstar: Investors Exit Woodford Income Focus In June
The Woodford Income Focus fund (WIFF) lost a third of its assets in the month of June alone, as investors continued to flee from funds managed by Neil Woodford, according to data provider Morningstar.
Hedge Fund Clients Stopped Pulling Out Their Money In May - Barron's
This copy is for your personal, non-commercial use only. To order presentation-ready copies for distribution to your colleagues, clients or customers visit http://www.djreprints.com. https://www.barrons.com/articles/hedge-fund-clients-stopped-pulling-out-their-money-in-may-51563469657 Some $800 million flowed into the industry in that month, according to the Barclay Fund Flow Indicator published by BarclayHedge, a division of Backstop Solutions. That's basically nothing, but it is still an improvement from redemptions of $9.4 billion in April, BarclayHedge says. Over the 12 months through the end of May, clients pulled a net $151 billion from hedge funds globally--lowering industry assets by 5%, according to BarclayHedge.
Hot Reads: Dalio's Paradigm Shifts Point To Gold
Compiled by ETF.com Staff Paradigm Shifts (LinkedIn) Hedge fund billionaire Ray Dalio explains what he sees as the next paradigm shift for financial markets and why gold may be the best asset to hold going forward. Best Amazon Prime Day Deal Might've Been This ETF (CNBC) "ONLN" tracks 25 of the largest e-commerce companies on the market. Which Countries Own The Most US Debt? (Visual Capitalist) China is just edging out Japan for the top spot. Why The Biggest Asset Managers Are Chasing Active ETFs (Investopedia) New stock picker strategy emerges.