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April 25, 2018

An Unconstrained Investment Process Allows 'Opportunity For Higher Alpha' | CIO Clark Cheng, Merrimac Corp. | Exclusive Q&A

Clark Cheng is the chief investment officer at Merrimac Corp., a private investment firm based in Stamford, Connecticut primarily investing in hedge funds. In this interview, he talks about how family offices can be efficient and dynamic compared to other large institutions; his approach for evaluating and selecting great managers; and how an unconstrained investment process gives family offices the opportunity to generate higher alpha.
Read by 76% of LPs 22 minutes ago

7 Consumer Goods Stocks To Get Excited Over

InvestorPlace - Stock Market News, Stock Advice & Trading Tips Together, the company will have $11 billion in annual revenue. It expects the merged entity to generate $600 million in annual synergies by 2021. Keurig Dr. Pepper plans to use the company's strong cash flow to pay down some of the $16.6 billion in debt it will have post-merger to bring net debt below three times EBITDA. The post 7 Consumer Goods Stocks to Get Excited Over appeared first on InvestorPlace.
Read by 41% of LPs 52 minutes ago

Southwestern Energy Announces First Quarter 2018 Results

SPRING, Texas, April 26, 2018 /PRNewswire/ -- Southwestern Energy Company (NYSE: SWN) today announced first quarter results ended March 31, 2018, along with other recent developments. Highlights include: Net production of 226 Bcfe, an increase of 11%, including a 37% increase in...
Read by 50% of LPs 2 hours, 22 minutes ago

Caesars Union Wants Private Equity Firms Off Board Committee

BOSTON, April 26 (Reuters) - A union of Caesars Entertainment Corp employees on Thursday asked its board to remove several private equity representatives from the compensation committee, citing high pay for top executives as Caesars' operating unit emerged from bankruptcy.
Read by 75% of LPs 2 hours, 47 minutes ago

Green Mountain Energy Customers Avoid 8.6 Billion Pounds Of Co2 In 2017 - Press Releases On

Every month is Earth Month for the customers of Green Mountain Energy Company. By choosing cleaner electricity and carbon offset products, Green Mountain's customers avoided more than 8.6 billion pounds of CO2 in 2017. Since its inception in 1997, Green Mountain customers have collectively avoided a total of 63 billion pounds of CO2. That's like taking 6.8 million cars off the road for a year, or planting 7.5 million trees. "For more than twenty years, Green Mountain has been dedicated to changing the way power is made," said Mark Parsons, General Manager, Green Mountain Energy.
Read by 43% of LPs 2 hours, 52 minutes ago

Hgcapital Sells Radius To Vistra

HgCapital Trust plc said April 26 that it sold Radius to Vistra Group. Financial terms weren't announced. Vistra is backed by Baring Private Equity Asia. Radius, of Boston, is a corporate service provides of i [...]
Read by 66% of LPs 2 hours, 52 minutes ago

Workhorse Leads $9m Series B For Traackr

Workhorse Capital has led a $9 million Series B round for Traackr, which builds influencer relationship management technology. You & Mr Jones and existing investors also participated. To date, Traackr has ra [...]
Read by 41% of LPs 2 hours, 52 minutes ago

Cgpm Leads $150m Series E For Innovent Biologics

Capital Group Private Markets kicked in $90 million to a Series E funding round for Innovent Biologics, a biotech company in China. New investors, including Cormorant Asset Management, Rock Springs Capital and All [...]
Read by 78% of LPs 2 hours, 52 minutes ago

Warren Buffett Needs To Sell A Lot Of Ketchup Fast

Kraft Heinz Co. was supposed to be different. The packaged-food giant, created in a 2015 merger orchestrated by private equity firm 3G Capital and investor Warren Buffett, was viewed, on Wall Street at least, as immune to the headwinds pummeling its peers in the industry. Sure, it's tough to find sales growth, with consumers looking for fresher and edgier products and grocers improving their house brands and increasingly giving shelf space to upstart names such as Halo Top and Chobani. But for Kraft Heinz, it almost didn't matter.
Read by 70% of LPs 2 hours, 52 minutes ago

Numat Technologies Raises $12.4m

OS Fund led a $12.4 million financing round for NuMat Technologies, which creates engineered systems through the integration of programmable nanomaterials. Other investors included Osage University Partners, Ti [...]
Read by 46% of LPs 3 hours, 2 minutes ago

Pantera's Morehead Says Bitcoin Is 'screaming Buy,' Bets On Icon

Bitcoin "is a screaming buy right now," according to Dan Morehead, chief executive officer of $1 billion cryptocurrency hedge fund Pantera Capital Management LP. In a interview with Bloomberg Television Thursday, Morehead said Pantera has about 10 percent of its investments in Bitcoins, which approached $20,000 apiece late last year before retreating to about half that in the following months. But the fund's single largest bet is on Icon, which will let different blockchains -- digital ledgers -- talk to one another, he said. Morehead is anticipating that Bitcoin will recover and reach new highs within 12 months.
Read by 61% of LPs