An artificial intelligence (AI)-driven predictive sales startup called People.ai has raised $60 million in a funding round, and has attracted some of the biggest-name investors around, according to a report by TechCrunch. The funding round was led by ICONIQ Capital, a VC that includes the office of Mark and Priscilla Zuckerberg, as well as Andreessen [...]
The American Bar Association's new standard could increase pressure on jurisdictions like California with high cut scores to lower that threshold. It could also add momentum to the burgeoning movement to overhaul the bar exam itself.
Hedge funds haven't been chasing the January rebound in U.S. equities on the heels of their worst year since 2011. According to Macro Risk Advisors, these big-money managers are acting much more like it's the aftermath of the 2008 financial crisis than the relatively low-volatility environment that's dominated for most of the past five years. The combination of hedge fund's implied equity exposure to the S&P 500 Index and associated trends in the options on that benchmark gauge reveals the extent of their risk aversion.
Brant Rubin started a hedge fund last year only to find it wasn't the easy path to riches it used to be. He'd quit his job buying into European internet companies for London's Luxor Capital in 2017 to set up his own shop and raised almost $50 million from family, friends and a couple of former clients. Then, reality struck. The fundraising didn't cover his overhead and his corner of the market was falling out of favor with the forces he had to answer to: potential customers and European financial watchdogs imposing onerous new rules.
Hedge funds are trying on new stripes as the industry's traditional investing style loses its luster. Dan Sundheim likes private equity. Tom Wagner seeks a drawdown fund. Steve Cohen eyes venture capital. "Hedge funds are increasing their breadth of offerings, such as adding venture funds, private credit and illiquid strategies with longer lockups," said Joseph Gasparro, who helps hedge funds build capital as head of Americas capital services content at Credit Suisse Group AG.
Hedge funds are gaining steadily this year but still lagging well behind the broader market. The $3.2 trillion industry gained 7 percent through April, when the S&P 500 popped 17.5 percent, according to data released Tuesday by Preqin. While hedgies like to blast comparisons between hedge fund performance and the S&P 500, Preqin's data shows...
Naturally Slim Partners With Global Private Equity Firm, The Riverside Company, To Impact Even More Lives
DALLAS, May 21, 2019 /PRNewswire/ -- Naturally Slim(r) today announced a major capital investment from The Riverside Company designed to help the Company measurably improve the health and quality of life of millions of Americans. For the past 15 years, Naturally Slim--the nation's leading...
NEW YORK, May 21, 2019 /PRNewswire/ --This report analyzes the worldwide markets for Hospital Information Systems (HIS) in US$ Thousand by the following Segments: Clinical Information Systems, and Non-Clinical Information Systems. Read the full report:...
Political risk has been rising for the health-care industry of late, but so is love for the group among hedge funds. In a quarter when calls for drug pricing and " Medicare-for-All" grew louder, hedge funds raised their holdings in stocks from drugmakers to health insurers. At the end of March, their exposure increased to the highest since 2010, making the group the most crowded among 11 industries, regulatory filings compiled by RBC Capital Markets showed. Though the worst industry in the S&P 500 this year, health-care has its devotees.
Two Luxembourg-based entities have snapped up apartments at Vornado Realty Trust's 220 Central Park South, for just under $52 million. "GNY22, LLC" bought the three-bedroom unit 44A, which measures 3,114 square feet, for roughly $26.47 million, pricing the deal at roughly $8,500 per square foot. The deal closed on May 9, according to property records filed Tuesday with the city's Department of Finance. Meanwhile, another Luxembourg-based entity -- "ANY22, LLC" -- also picked up a [...]