Microsoft Corp said on Monday it was investing $1 billion in San Francisco-based OpenAI and that the two had formed a multi-year partnership to develop artificial intelligence supercomputing technologies on Microsoft's Azure cloud computing service.
The expansion in Odisha is likely to trip on land acquisition issues. : Indian Oil Corporation (IOC) has set a target to invest another Rs 1 trillion in Odisha, as it intends to set up petrochemical units, notably a naphtha cracker unit. "IOC has already invested Rs 35,000 crore on their crude oil refinery in Paradip. Recently, they have submitted a plan to invest an additional Rs 1 trillion. For expansion, they have asked for a land parcel of 4,000 acres close to their refinery site," said an official source.
Investors pulled $16.43bn from the hedge fund industry in June, bringing year-to-date (YTD) outflows to -$44.61bn, said eVestment. According to June 2019 eVestment Hedge Fund Asset Flows report, overall industry AUM stood at $3.273tn in June. 57% of reporting managers had net redemptions, and the month capped off the fifth consecutive quarter of industry redemptions in June, said the report. For hedge funds managers, this highlights the importance of having a compelling marketing and investor relations message that highlights performance, expertise and other elements that set one fund apart from another.
CLEVELAND, July 22, 2019 /PRNewswire/ -- The internationally known Gestalt Institute of Cleveland (GIC) the second Gestalt Institute in the United States, is leaving its location of 42 of its 65 years at 1588 Hazel Drive, University Circle, on August 31, 2019. GIC is relocating to 1 Berea ...
The rise and continued growth of BlackRock, the world's largest asset management firm. : With $6.28 trillion in assets under management, BlackRock, Inc. (BLK) is, at least by that measure, the largest investment management company in the world, publicly traded or otherwise. Boasting a market capitalization of over $86 billion, the firm sells mutual funds, exchange-traded funds, and closed-end funds, in addition to other vehicles that focus on objectives ranging from retirement income (the firm's own branded CoRI funds) to college saving plans.
J.C. Penney insists it hasn't hired restructuring advisers, reports the Associated Press. Forbes looks at the popularity of cannabis-related real estate in California. These are among today's must reads from around the commercial real estate industry.
IREM's new tech expert James Scott, of MIT Real Estate Innovation Lab, believes there will eventually be the Microsoft equivalent of proptech.
Britain said on Monday it would scrutinise the acquisition of satellite communications firm Inmarsat by a private equity-led consortium to examine any potential impact on national security.
More capital is now chasing nursing home deals. : Investors, especially private equity players, see increasing value in a nursing home portfolios, according to the National Investment Center for Seniors Housing & Care (NIC) research. Nursing homes are increasingly becoming a target for commercial real estate investors, especially if they can achieve economies of scale, according to Zach Bowyer, senior managing director at real estate services firm CBRE. According to a summer 2019 CBRE U.S. Seniors Housing & Care survey, investor interest increased in the nursing care sector.
It's not surprising that Treasury Secretary Steve Mnuchin has a vast real estate portfolio. The New York native and Yale graduate was born into a wealthy family and enhanced his fortune working at Goldman Sachs and OneWest, also getting into the financing of Hollywood films like "Avatar." When he took his position in President Donald Trump's cabinet, Mnuchin divested some of his interests, but the 56-year-old still owns at least half a dozen properties worth [...]