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Pennsylvania PSERS Focused On Increasing Leverage To Reach 'Better-Balanced Portfolio' | Jim Grossman, Chief Investment Officer | Q&A

Jim Grossman is the chief investment officer at the Pennsylvania Public School Employees Retirement System (PA PSERS), where he oversees $59.1 billion of assets. In this interview, he discussed why PSERS prefers a more balanced and diversified portfolio allocation; why using leverage in the portfolio is evolutionary for them; and their measured approach to early-stage venture.
Read by 60% of LPs 40 minutes ago

Forex Reserves Surge $5.65 Bn To $475.56 Bn

The reserves had touched a life-time high of $487.23 billion in the week to March 6, after it rose by $5.69 billion.
Read by 59% of LPs 1 hour ago

Lessonly Raises $15M In Series C

INDIANAPOLIS, IN, Lessonly announced a $15 million Series C funding round led by AXA Venture Partners.
Read by 80% of LPs 1 hour, 10 minutes ago

It's Not My Playbook But I Do Find Your Model Fascinating. Thanks For Sharing Some More

In recent years, quantitative hedge funds have made a killing in public markets with their data-first approach (coronavirus aside). But skeptics say the strategy makes less sense for venture capital, where public financial reports are nonexistent. Six-year-old venture firm SignalFire is among those seeking to challenge that assumption. The firm, which tends to invest in the seed stage, says it is using a plethora of data to source deals and help portfolio companies find early employees. The firm raised $500 million for a pair of funds in December.
Read by 47% of LPs 1 hour, 10 minutes ago

Buffett Disciple Posted A Whopping Gain During The Market Meltdown

A hedge fund boss and Warren Buffett disciple made a 40% gain during the brutal coronavirus sell-off after more than two years of betting against the stock market. Kevin Smith, the founder and investment chief of Crescat Capital, revealed in an investor letter that the group's macro fund posted a 40.5% gain between February 20 and March 20. Another key Crescat fund delivered a 34.3% gain over the same period, while the S&P 500 plunged by almost a third.
Read by 57% of LPs 1 hour, 20 minutes ago

Hedge Fund That Soared 51% Warns Bear Market Rallies Won't Last

Read by 63% of LPs 1 hour, 40 minutes ago

Vcs' T&e Interest Preserved Amid Travel Shutdown

B2B venture capital (VC) enjoyed a strong week despite ongoing market volatility. While some newly-funded startups are helping their corporate customers navigate the new realities of a remote workforce, others aim to ease supply chain friction during volatile times. While the largest investment round of the week went to a cybersecurity firm, close behind was [...]
Read by 39% of LPs 1 hour, 40 minutes ago

Jefferson Apartment Group Sells Suburban Boston Community For $104M

The 262-unit community was acquired by a Salt Lake City-based real estate investment trust. : Jefferson Apartment Group has made the first sale of its Income Fund through Jefferson One Upland. The multifamily developer, alongside its joint venture partner KKR, sold the suburban Boston community for $103.6 million to Utah-based Cottonwood Residential. Jefferson One Upland is located 16 miles away from downtown Boston at 8 Upland Woods Circle in Norwood, Mass. The 262-unit community has one-, two- and three-bed units and its amenities include a clubhouse, pool, lawn with fireplace, movie amphitheater, dog parks and wooded trails.
Read by 72% of LPs 2 hours, 10 minutes ago

How Asia's Megacities Can Benefit From Mangroves And Other Natural Climate Solutions | News | Eco-business | Asia Pacific

The loss of mangroves and other coastal habitats has been linked to more frequent and severe flooding in adjacent villages and cities. What can urban dwellers, governments and businesses do to support nature-based solutions?
Read by 65% of LPs 2 hours, 10 minutes ago

Free Article Limit Reached - The Northern Miner

The GFMS team at Refinitiv recently published its latest findings on the global silver market, highlighting the shift in supply and demand over the course...
Read by 65% of LPs