A depressing picture of global power generation has coal still firmly on top. And in a vicious cycle, the very heatwaves and winter freezes high carbon emissions cause seem to be increasing themThe world's largest sovereign wealth fund is preparing to leave fossil fuels behind. Last week, Norway's parliament confirmed by unanimous vote that its $1tn sovereign wealth fund would dump $13bn of fossil fuel investments - and start investing billions in renewables.The move is designed to protect Norway's state-owned investment fund from the decline in fossil fuels that will be vital if full-blown climate catastrophe is to be averted.
Healthcare investing often has greater scientific complexity than standard tech venture capital. Theranos is a well-known example of a risky healthcare bet gone wrong, but some experts say other problematic startups are on the horizon. So we asked some of the field's top venture capitalists, executives, and researchers to tell us what could be done to avoid another healthcare investment gone awry. Their advice ranges from basic tips like vetting the science behind a startup's concept to more creative ideas like encouraging founders to problem-solve during an activity like a hike. Click here for more BI Prime stories.
Barry Sternlicht's Starwood Capital has purchased an office complex in northern Sydney for $303 million, in partnership with Australian firm Arrow Capital Partners. The complex was purchased from global asset manager BlackRock and Australia's Centuria Property Funds, IPE Real Assets reported. The companies acquired the complex in 2016 for A$279 million. They decided to sell earlier than planned because of buyer interest. "These are A-plus buildings on a land-rich site," Kurt Wilkinson, partner at Arrow [...]
Hargreaves Lansdown Plc Chief Executive Officer Chris Hill has volunteered to give up a bonus of as much as 2.1 million pounds ($2.6 million) as the fallout from fund manager Neil Woodford's troubles continues, the Daily Mail reported, citing people at the company it didn't identify. The decision to forgo the bonus was taken because Hargreaves Lansdown's customers have been affected by the freezing of Woodford's LF Woodford Equity Income fund, the newspaper said. Hargreaves Lansdown was a major backer of the embattled fund manager until he halted withdrawals from the fund at the end of May.
At Insider Monkey we track the activity of some of the best-performing hedge funds like Appaloosa Management, Baupost, and Tiger Global because we determined that some of the stocks that they are collectively bullish on can help us generate returns above the broader indices. Out of thousands of stocks that hedge funds invest in, small-caps can provide the best returns over the long term due to the fact that these companies are less efficiently priced and are usually under the radars of mass-media, analysts and dumb money. This is why we follow the smart money moves in the small-cap space.
[Thomson Reuters Foundation] Barcelona -Solar mini-grids have huge potential to electrify rural areas in developing nations, but the risks are still too high for private capital.
Rumors are still flying about a potential tie-up between Group Nine Media and Refinery29, which like other VC-backed companies have struggled to live up to their valuations, last pegged at $500 million each. But such a merger would face steep hurdles, according to M&A experts. Chatter about a deal circulated earlier in the year after BuzzFeed CEO Jonah Peretti floated the idea in The New York Times. Digital media companies including BuzzFeed, he stated, could gain leverage over titans like Facebook by combining forces.
Hedge funds boosted their bets that West Texas Intermediate crude will fall by 46%, the most since August, according to U.S. Commodity Futures Trading Commission data for the week ended June 11.
How do you pick the next stock to invest in? One way would be to spend hours of research browsing through thousands of publicly traded companies. However, an easier way is to look at the stocks that smart money investors are collectively bullish on. Hedge funds and other institutional investors usually invest large amounts of capital and have to conduct due diligence while choosing their next pick. They don't always get it right, but, on average, their stock picks historically generated strong returns after adjusting for known risk factors.