SPACs can operate like "venture capital in the public markets," which may appeal to amateurs seeking their inner Elon Musk. But it rarely works out well for the retail crowd. "Everyone's raising a zillion SPACs," a Manhattan billionaire tells me, referring to special purpose acquisition companies, the latest craze on Wall Street. He doesn't want to be seen biting the hand that feeds him (and many others), and so he asks for--and receives--anonymity. "Every day there's a SPAC merger," he continues, amazed. "There's a rumored SPAC merger. There's another SPAC."Read Full Story.
Colby recently announced that Deborah Shufrin has been named the College's new chief investment officer. With responsibility for Colby's $1-billion investment portfolio, she will oversee the College's investment team and the strategic allocation of Colby's investments. Shufrin, who will assume the position on April 1, currently serves as deputy chief investment officer of Brandeis University.
Hedge fund billionaire Sir Chris Hohn was paid almost PS1m ($1.4m) per day in the year ending 29 February 2020 bringing in $479m in total as manager at his Children's Investment (TCI) fund. The fund, which Hohn founded in 2003, had a bumper year, seeing pre-tax profits jump 66% to $695m. The Guardian reported this to be the highest annual amount ever paid to one person in Britain. It significantly outstrips the previous record of the Bet385 fortune paid to Denise Coates, which totted up to PS323m in 2018.
Bill Magness' ouster follows millions of people going without electricity and heat for days in subfreezing temperatures. : AUSTIN, Texas (AP) -- Texas' power grid manager was fired Wednesday amid growing calls for his ouster following February's deadly blackouts that left millions of people without electricity and heat for days in subfreezing temperatures. Bill Magness, CEO of the Electric Reliability Council of Texas, becomes the second senior official to depart in the wake of the one of the worst blackouts in U.S. history. The state's top utility regulator resigned Monday.
eGenesis was created in 2015 by George Church and Yang, who also launched China's Qihan Biotech in 2017. The post US gene-editing firm eGenesis closes $125m in Series C round appeared first on DealStreetAsia.
ATLANTA, March 4, 2021 /PRNewswire/ -- Equifax(r) (NYSE:EFX) today announced a new Commercial Real Estate (CRE) Tenant Risk Assessment product suite designed to help asset managers and bankers better build, manage and maintain CRE portfolios. Built on Equifax commercial credit data, the suite is designed to provide a more complete financial picture of a building's business tenants for a better understanding of each property's potential risk and overall performance in a time of economic uncertainty.
The president and CEO of the Texas power grid has been fired after mounting calls for his ouster following the deadly blackouts that left millions of people without electricity and heat for days in subfreezing temperatures. Bill Magness was given a two-month termination notice Wednesday by the board of the Electric Reliability Council of Texas,...
Why investors are putting biodiversity on the balance sheet C.J. Clouse Thu, 03/04/2021 - 02:11 Reprinted from GreenFin Weekly, a free weekly newsletter. Subscribe here. Last summer, the investment arm of northern Europe's largest financial services group dropped Brazilian meat giant JBS from its portfolio. Nordea Asset Management, which manages roughly $280 billion, gave several reasons for the decision, including JBS's links to farms involved in Amazon deforestation. "The exclusion of JBS is quite dramatic for us because it is from all of our funds, not just the ones labelled ESG," Eric Pedersen, Nordea's head of responsible investments, told The Guardian.
Iran#39;s rupee reserves in India#39;s UCO and IDBI Bank, the two lenders authorised to facilitate rupee trade, have depleted significantly and exporters are not sure whether they would be paid on time for new shipments, the dealer said.
US President Joe Biden's new energy secretary has come out fighting for renewable energy in her first big keynote address since getting Congressional approval for her appointment...