How 6 Top VCs Are Adapting To The New Uncertainty
As the global economy grinds to a halt, every business sector has been impacted, including the linked worlds of startups and venture capital.
Quilter Investors Hires 7im Deputy Cio
Deputy CIO at Seven Investment Management Ian Jensen-Humphreys has joined Quilter Investors' 15-strong investment team as a portfolio manager. : If you have any problems with your access or would like to request an individual access account please contact our customer service team. Investment Week is delighted to be hosting the 25th Fund Manager of the Year Awards on Thursday 25 June LIVE ONLINE.
Asset Managers Freeze Some U.k. Institutional Real Estate Funds
U.K. public pensions have exposure to the country's real estate through domestic property funds, separate accounts, and direct holdings. As British office properties face headwinds from the economic fallout of the Wuhan coronavirus pandemic, large fund managers are moving to suspend trading in these U.K. property funds that have institutional investors. The suspensions are not [...]
Blackrock Obsidian Fund Performance For March 2020
The fixed-income-focused fund lost 20% from March 1 through March 20, sources told Business Insider. The fund manages roughly $1.7 billion. For the year, the Obsidian fund is down more than 19% after returning more than 13% in 2019. Credit markets have been rocked by evaporating liquidity, ratings downgrades, and the Federal Reserve's decision to cut interest rates to zero. The Fed has since enlisted BlackRock to set up three different bond-buying programs. Visit Business Insider's homepage for more stories. BlackRock's oldest hedge fund, its 24-year-old Obsidian fund, was hit hard in March, sources say, falling 20% as of March 20.
Hedge-fund Investors Could Seek Redemptions Amid Coronavirus Pandemic
Hedge funds have, on average, weathered the market turmoil caused by novel coronavirus relatively well -- with a few types of funds producing some of their best returns in years. But liquidity crunches at institutional investors like endowments and pensions may mean redemptions are on the way no matter what. Hedge-fund investors sticking with the industry meanwhile must now be cognizant of the business risk facing many managers that might lose big chunks of assets for reasons unrelated to their performance.
In A Moment Of Crisis, A Test Of America's Billionaire Class -- Inside Philanthropy
Despite huge market losses, U.S. billionaires still sit on vast financial assets in a nation that's reeling in pain. Who's stepping forward to offer help? And why are so many of the wealthiest Americans giving so little to aid relief?
Arch Venture Partners Raises $1.46B Across Two Funds For Biotech Investing - Techcrunch
Against a backdrop where the life-or-death consequences of biotechnology innovation are becoming increasingly apparent as the world races to develop vaccines and therapies to treat COVID-19, life sciences investor ARCH Venture Partners has raised $1.46 billion in funding to finance new tech development. The two funds, ARCH Venture Fund X and ARCH Venture Fund X [...]
The Public Sector Pension Investment Board Makes Strategic Investment In Situsamc
NEW YORK, April 2, 2020 /PRNewswire/ -- SitusAMC, the leading provider of services and technology supporting the real estate finance industry, today announced that The Public Sector Pension Investment Board (PSP Investments) has made a strategic investment in the firm. PSP Investments joins Stone Point Capital, who remains the largest shareholder in SitusAMC. Additional shares are held by SitusAMC's management team. "We are thrilled to partner with PSP Investments as we look to transform the real estate finance industry," said Michael Franco, CEO of SitusAMC.
Livly Inc. Raises $8M In Fundraising To Transform Property Management And Resident Communications
CHICAGO, April 2, 2020 /PRNewswire/ -- Livly, a leading provider of modern digital applications for apartment buildings nationwide, is announcing a new fundraising of more than $8 million dollars to fuel its future growth. The investment round includes private equity group Geolo Capital, venture capital groups OCA Ventures and Founder Equity, and many additional strategic investors from across the real estate industry. The Chicago-based property technology startup provides a simple integrated platform of mobile and web applications for both multifamily community residents and property managers.
Be Prepared For The Worst Of Covid-19: Venture Capitalists Tell Start-ups | Business Standard News
In an open letter to start-ups, these VCs pointed out that start-up founders will 'inevitably be faced with difficult decisions' on execution for the next 21-30 days.
Some Universities Wait Rents For Their Commercial Tenants | National Real Estate Investor
Colgate University, Williams College and Yale are among schools that are waiving commercial rents for their tenants. : (Bloomberg)--Rich universities are investing to save the heart of their college towns: the small businesses near campus. Colgate University in Hamilton, New York; Williams College in the Berkshires town of Williamstown, Massachusetts; and Yale University in New Haven, Connecticut, are among schools that own commercial spaces and have waived rent since sending students home during the Covid-19 pandemic.