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October 10, 2019

Ascension Investment Management Looking To Increase Venture Exposure, Focus On Disruption | David Erickson, Chief Investment Officer | Q&A

David Erickson is the chief investment officer at Ascension Investment Management, where he is responsible for the administration, management, and coordination of investments and operations. In this interview, he discusses why the organization is leaning more towards a generalist structure; why they want to increase venture exposure and focus on disruption; and encouraging diversity by onboarding international students and women as leadership staff.
Read by 62% of LPs

insidermonkey.com 8 minutes ago

Hedge Funds Are Selling United Microelectronics Corporation (umc)

Although advertisements on the web pages may degrade your experience, our business certainly depends on them and we can only keep providing you high-quality research based articles as long as we can display ads on our pages. Insider Monkey has processed numerous 13F filings of hedge funds and successful value investors to create an extensive database of hedge fund holdings. The 13F filings show the hedge funds' and successful investors' positions as of the end of the second quarter. You can find write-ups about an individual hedge fund's trades on numerous financial news websites.
Read by 79% of LPs

nbr.com 23 minutes ago

Goldman Sachs Shares Fall After Earnings Miss Street Estimates | Nightly Business Report

Goldman Sachs shares fell Tuesday after the firm reported third-quarter profit below Wall Street expectations. : Goldman Sachs shares fell Tuesday after the firm reported third-quarter profit below Wall Street expectations. The bank said profit slumped 26% to $1.88 billion, or $4.79 a share, below the $4.81 expected by analysts, according to Refinitiv. Revenue fell 6% to $8.32 billion, slightly above the $8.31 billion expected, on lower results in the firm's investing and lending and investment banking divisions. The firm also set aside $291 million for credit losses in the quarter, 67% higher than a year earlier.
Read by 41% of LPs

eco-business.com 28 minutes ago

The Melting Arctic Is Fertile Ground For Businesses. But Continued Oil Exploration Poses An Ethical Dilemma | News | Eco-business | Asia Pacific

Norway's Arctic residents are facing hardships from rapid warming, which is also affecting communities in Asia. But the Nordic country's wealth is built on oil, and exploration is moving further north. Can it find a middle ground?
Read by 72% of LPs

abqjournal.com 28 minutes ago

Gm Ceo Barra Joins Talks; Deal To End Strike May Be Near >> Albuquerque Journal

DETROIT -- General Motors CEO Mary Barra joined negotiators at the bargaining table, an indication that a deal may be near to end a monthlong strike by members of the United Auto Workers union that has paralyzed the company's factories. Barra and GM President Mark Reuss were in the bargaining room early Tuesday, a person [...]
Read by 39% of LPs

pensionsage.com 28 minutes ago

News In Brief - 15 October 2019 - Pensions Age Magazine

The latest news in brief and mandates from the past seven days. : The government has changed the currency of UK state pension payments to Yemeni bank accounts. People with Yemeni bank accounts that receive a state pension from the UK will now be paid in Yemeni rial. The change, effective from 14 October, will also affect those claiming for industrial injuries disablement benefit. LGPS's additional commitments to the British Strategic Investment Fund has helped it reach PS200m.
Read by 30% of LPs

ibtimes.co.in 28 minutes ago

Indian Energy Market Heats Up: Total Sa To Buy 37.4% Stake In Adani Gas - Ibtimes India

The decision has heated up the competition to take a pie of India's oil and gas sector as global major Shell and British Petroleum are already operating in India.
Read by 66% of LPs

pensionsage.com 28 minutes ago

Welsh Lgps To Divest From Fossil Fuels - Pensions Age Magazine

A Welsh local authority has voted to divest its local government pension scheme (LGPS) from fossil fuels as it moves towards more sustainable investments.
Read by 65% of LPs

reuters.com 48 minutes ago

Electric Bike-sharing Startup Wheels Raises $50M In Latest Funding Round

Electric bike-sharing startup Wheels said it has raised more than $50 million in its latest funding round led by venture capital firm DBL partners, as the company looks to expand into the U.S. and international markets.
Read by 37% of LPs

business-standard.com 48 minutes ago

Clevertap Raises $35 Mn Funding From Tiger Global Management, Others | Business Standard News

CleverTap, an AI-powered customer lifecycle and user retention platform, on Tuesday said it has raised USD 35 million (over Rs 250 crore) in series C funding, led by existing investors Tiger Global Management and Sequoia India. This new funding increases CleverTap's external investment to USD 61 million since the beginning of 2019 a period that has seen the company's valuation more than double from USD 150 million to USD 385 million, a statement said.
Read by 74% of LPs

mysanantonio.com 58 minutes ago

Gm Ceo Barra Joins Talks; Deal To End Strike May Be Near - San Antonio Express-news

DETROIT (AP) -- General Motors CEO Mary Barra joined negotiators at the bargaining table, an indication that a deal may be near to end a monthlong strike by members of the United Auto Workers union that has paralyzed its factories. Barra and GM President Mark Reuss were in the bargaining room early Tuesday, a person briefed on the talks said. But it was not clear if they remained in negotiations, said the person, who didn't want to be identified because the talks are confidential.
Read by 77% of LPs