The Department of Labor's proposal to add private equity funds to 401(k) plans made headlines and raised concerns in June. But it will take a lot of time for these funds to work their way through the regulatory system and be made available to accredited investors, let alone retail clients, according to a panel of experts who spoke recently at this year's virtual Morningstar Investment Conference. In February, when Vanguard broke the news that it would be introducing private equity funds to investors, the fund giant startled those who feel this type of fund should be limited to high-net-worth investors.
Hedge funds are riding a hot, 5-month winning streak driven by winning bets primarily in equities after the Covid-19 sell-offs back in March. The HFRI Fund Weighted Composite Index, which measures the performance of the hedge fund industry was up 2.67% last month, according to a Hedgeweek article. "In the five months since April, following [...] The post Hedge Funds Are Riding a 5-Month Winning Streak appeared first on ETF Trends.
The Twenty Minute Vc: Venture Capital | Startup Funding | The Pitch: 20vc: Why Entrepreneurs Care Less About Firm Brand At Seed, How Lps Should Think About Gp Commit & How The World Of Lps And Fundraising Will Change Post Covid With Apurva Mehta, Managing Partner @ Summit Peak Investments
Apurva Mehta is the Managing Partner @ Summit Peak Investments, investing in early stage venture capital funds and making direct co-investments. To date they have backed the likes of Raymond Tonsing, Lachy Groom and Josh Buckley to name a few on the fund side and then on the direct side, invested in Airtable, Virta Health and Sourcegraph. Prior to founding Summit Peak, Apurva spent 7 years as the Deputy Chief Investment Officer at Cook's Children's Hospital and before that spent 3 years as Director of Portfolio Investments at The Juilliard School. In Today's Episode You Will Learn: 1.)
Prime Capital launches Liquid Alternatives Credit fund of funds Submitted 03/08/2020 - 10:05am Prime Capital AG, an independent asset manager and financial services provider that manages EUR17.2bn across multiple funds, has launched the Liquid Alternative Credit Fund. This new fund of funds will be pooling alternative credit strategies like trade finance and real estate bridge financing. It will invest in 15 to 20 underlying funds which are diversified globally with a target split of around 1/3 in North America, Europe and Rest-of-the-World, respectively. "These strategies provide - similar to hedge funds - advantageous liquidity in contrast to other forms of private debt.
"I'm tired of begging, guilty, cajoling, shaming men into doing the right thing. Women, if they only understood the power of their wallets, they would know: we are enough."
Thought Machine Announces $125M Series B Funding Round - Driving Continued International And Apac Expansion
LONDON & SINGAPORE--(BUSINESS WIRE)--Thought Machine, the cloud native core banking technology firm, with its APAC headquarters in Singapore, today marks its entrance into the Asia Pacific market by announcing the signing of an additional $42m in funding for its series B round. This round extension will close in early August and is led by Eurazeo Growth, with British Patient Capital and SEB also coming in as new investors. This brings the round's total value to $125m following $83m secured in M.
Ashmeet Sidana, a longtime VC who struck out on his own in 2015 to form Engineering Capital, just closed his third and newest fund with $60 million in capital commitments from a university endowment, a fund of funds, and three foundations. Sidana -- who previously spent nearly nine years with Foundation Capital and received one [...]
Rothschild & Co Asset Management Europe, part of Rothschild & Co. group, revealed plans to move its entire hedge fund business to Candriam. This business is worth around EUR350 million. The deal includes Rothschild AM's alternative investment "fund of funds" and a micro-finance unit. The deal will boost Candriam's hedge fund assets to EUR600 million. [...]
Rothschild & Co Asset Management Europe, part of Rothschild & Co. group, revealed plans to move its entire hedge fund business to Candriam. This business is worth around EUR350 million. The deal includes Rothschild AM's alternative investment "fund of funds" and a micro-finance unit. The deal will boost Candriam's hedge fund assets to EUR600 million. The move is pending regulatory approvals. In the grand scheme, Rothschild manages more than EUR21 billion and Candriam has roughly EUR130 billion in assets under management. Candriam is owned by New York Life Insurance Company.
EJF Capital, which saw substantial losses amid the coronavirus-related selloff in March, is raising capital for a fund that seeks to take advantage of fresh opportunities it sees in the unsettled financial market.The vehicle, EJF Tactical Opportunities Fund, launched in April with a fundraising goal of $500 million. It has so far attracted some $50 million. The fund, which was up 6% through mid-June, invests in both debt products and equities,...