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California Legislators Propose Three Climate Bills Focused On Esg Disclosure And Investment | Mintz

Three bills have recently been proposed by a trio of California state legislators concerning ESG financial disclosures and investing. The first, SB 253, would "require all large corporations that do business in California to publicly disclose their greenhouse gas (emissions) in line with the Greenhouse Gas Protocol . . . [and] [t]hese disclosures will include corporate supply chains (scope 3), which can include in excess of 90% of a corporation[']s carbon emission. "......By: Mintz.
Read by 64% of LPs 18 minutes ago

London Fintech Kennek Raises $4.5M Pre-seed Funding

London-based fintech firm kennek has raised a $4.5 million pre-seed funding round. : The company has developed an end-to-end operating system designed to streamline the operations for lenders, credit investors, corporates, and servicers in the alternative credit sector. In its first year of trading, kennek has already hired 20 fulltime staff, and launched a plug-and-play operating system that caters for a broad variety of lenders and credit products. The company's UK operation has already secured commercial wins with clients operating the areas of SME loans, R&D credit and Commercial Real Estate.
Read by 70% of LPs 18 minutes ago

Open Banking And Open Finance Use Cases: Building Blocks Of A Robust Open Financial Ecosystem

The financial landscape is constantly transforming, verging the modern world closer to a digitally d...: The financial landscape is constantly transforming, verging the modern world closer to a digitally dominated future. SMEs, being the economy boosters, choose the approach to strive and develop in this new digital realm. The World Bank reports that SMEs represent 90% of businesses and more than 50% of employment worldwide.
Read by 77% of LPs 48 minutes ago

'big Short' Investor Michael Burry Compares Stock Market To Dotcom Bubble In A Cryptic Tweet

Michael Burry rose to fame after he made a big bet against the U.S. housing bubble before its collapse spawned the Great Financial Crisis of 2008. His highly profitable investment was documented in Michael Lewis's 2010 book, The Big Short, and a subsequent movie of the same name where he was portrayed by Christian Bale. Now, the 51-year-old runs hedge fund Scion Asset Management, and unlike many of his superstar peers, he typically keeps his investing strategy under wraps, only occasionally tweeting market musings from a personal Twitter account. But lately, Burry's been doing a lot of musing.
Read by 56% of LPs 48 minutes ago

How Ares Management Turned Private Credit Into Wall Street's Sexiest Business

Megadeals and private equity titans may dominate the headlines, but Los Angeles' Ares Management has quietly amassed $352 billion in assets by offering steady returns regardless of what happens in the stock market.
Read by 74% of LPs 1 hour, 8 minutes ago Closes A-round Funding With Additional $6 Million Investment From Khosla Ventures, Totaling $20.8M

AI-powered SaaS platform,, to use the additional investment to further already rapid growth accelerated by momentum in the generative AI technological landscape. SAN FRANCISCO, Feb. 9, 2023 /PRNewswire/ --, the generative AI software-as-a-service (SaaS) platform that...
Read by 36% of LPs 1 hour, 43 minutes ago

Techno Electric Gains On Selling Wind Power Assets For Rs 159 Cr | Business Standard News

Techno Electric and Engineering Company jumped 3.33% to Rs 372.10 after the company disposed off 37.50 megawatts (MW) of its wind power assets out of 111.90 MW situated in Tamilnadu at an approximate consideration of Rs 158.93 crore.
Read by 70% of LPs 1 hour, 43 minutes ago

Credit Suisse Q4 And Fy 2022 Results

Credit Suisse on Thursday reported a fourth-quarter net loss of 1.4 billion Swiss francs, as it carried out its strategic overhaul.
Read by 50% of LPs 1 hour, 43 minutes ago

Ev Fintech Startup Turno Raises $13.8 Mn Funding From B Capital, Others

Commercial EV-focused fintech startup Turno has raised $13.8 Mn (around INR 112 Cr) in a Series A funding round co-led...
Read by 75% of LPs 1 hour, 43 minutes ago

Hedge Funds Hunting For Adani Bargains Are Using This Playbook - The Economic Times

Bonds of Adani Ports & Special Economic Zone Ltd., Adani Electricity Mumbai Ltd. and Adani Transmission Ltd. are backed by hard assets and strong cash flows verifiable by third parties, investors said. The latter two operate in regulated industries.
Read by 52% of LPs 1 hour, 48 minutes ago

Can Zach Buchwald Save Russell Investments?

Russell Investments (Russell Investments Group, LLC) has struggled to find its identity after not having its index business. The investment management firm is owned by private equity firms - TA Associates and Reverence Capital Partners. These firms bought Russell Investments in 2016. In late March 2021, Hamilton Lane acquired a stake in Russell Investments for...
Read by 35% of LPs