BOSTON (Reuters) - Hedge fund Hoplite Capital is returning money to outside clients after a period of sluggish returns, the firm's founder, John Lykouretzos, told investors in a letter on Wednesday. "I have decided to close the Hoplite managed funds and return third-party capital as soon as possible," Lykouretzos said in the letter seen by Reuters. Hoplite has not "generated the returns necessary to maintain the capital duration required to successfully implement our stock picking strategy without distraction," he added in the letter.
The 'Fixer Upper' couple's projects have style and a strong foundation. : Even if you studiously avoid real estate reality shows it's hard to get away from the genre's power couple, Chip and Joanna Gaines. The Waco, Texas entrepreneurs and parents of five are best known for their recently ended home repair show "Fixer Uppers." The premise was simple: They are assigned a couple who are home shopping, find a suitable but inexpensive home in need of attention, then use the balance of the purchase budget to fix it up.
LONDON, Aug. 17, 2019 /PRNewswire/ -- Europe's tech ecosystem is becoming a worthy rival to the US thanks to a recent boom in tech and start-up entrepreneurship. Investors such as NJF Capital are seizing the opportunity to work with these exciting new disruptors. We often think of unicorn...
VCs have poured close to $1.6 billion into the cannabis industry startups as of July, according to data from PitchBook. That's up from just $16 million in 2013, as Colorado became the first state to open its doors to the commercial cannabis industry. Sign up for Cultivated, our new weekly cannabis newsletter. Venture capital firms are seeing green in cannabis startups in more ways than one.
Chinese Investors Back Indian Social Networking Platform Sharechat In $100M Series D Round - China Money Network
ShareChat, an Indian regional language social networking platform, announced on Friday that it has raised US$100 million in a series D round of financing led by Twitter. Chinese private equity firm TrustBridge Partners participated in the new round. Returning investors including China's Shunwei Capital, Morningside Venture Capital, Lightspeed Venture Partners, SAIF Capital, and India Quotient, [...] Chinese Investors Back Indian Social Networking Platform ShareChat In $100M Series D Round comes originally from China Money Network. All Rights Reserved.
Indore-based B2B supply chain startup ShopKirana has raised $10 Mn in a Series B funding round. The investment came in... The post ShopKirana Raises $10 Mn In Series B Funding To Expand Tier 2 Presence appeared first on Inc42 Media.
BOSTON (Reuters) - Investor Jeffrey Tarrant, whose firm Protege Partners backed billionaire managers including William Ackman and Marc Lasry early in their careers and made a bet with Warren Buffett that hedge funds would outperform a passive index fund, has died at age 63. Tarrant died on Aug. 5 at his home in Bridgehampton, New York, his firm said, giving the cause of death as brain cancer. Over 17 years, Tarrant turned Protege Partners into a powerful backer of small hedge funds, often identifying and seeding portfolios before they became widely known and successful.
By LNG World News Japanese utility Tohoku Electric Power is reportedly looking to purchase a single cargo of liquefied natural gas. Read Full Article Here For more great articles: LNG World News.
Shares of Callidus Capital Corp surged more than 75% on Friday after the Canadian lender said its second-largest shareholder, Braslyn Ltd, would acquire its outstanding minority shares and take it private.