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Alt Asset Investor Ares Takes Controlling Stake In Hk-based Ssg Capital

Deal comes within a month after SSG closed its fifth fund with $2.7 billion in total commitments The post Alt asset investor Ares Management takes controlling stake in SSG Capital appeared first on DealStreetAsia.
Read by 55% of LPs 2 hours, 6 minutes ago

Tca Fund Management Closes Main Fund Over Sec Accounting Probe

The U.S. Securities and Exchange Commission (SEC) earlier initiated a probe due to the accounting of the TCA Global Credit Master Fund, a fund managed by Florida-based TCA Fund Management Group Corporation. The fund manager is closing its main credit hedge fund after the SEC probed its accounting. According to a customer letter by TCA, [...]
Read by 62% of LPs 2 hours, 56 minutes ago

Outlook For Alt Data Pricing, Industry Consolidation, Corporate Use

Alternative data quickly went from a quirky subset used by only the most sophisticated hedge funds to a multi-billion-dollar behemoth that has investors and companies like Vista Equity Partners, Nasdaq, and Bloomberg diving in. Last year was an inflection point for the industry, which is adding new vendors every day and putting more and more pressure on long-time players. Once rock-solid business models have been upended, as hedge fund clients have grown more sophisticated and changed their preferences. As Business Insider has reported, the rapidly changing space has rocked veteran players like Thasos, 7Park Data, and Jefferies' MScience.
Read by 45% of LPs 2 hours, 56 minutes ago Rhode Island Government

Rhode Island General Treasurer Seth Magaziner today announced that the State Investment Commission has voted to approve his proposal to pull pension fund investments in companies that manufacture assault-style weapons for civilian use or operate private for-profit prisons. "Assault weapons and...
Read by 39% of LPs 2 hours, 56 minutes ago

Mark Cuban Says Here's How You'll Know The Market Has Topped

"I think interest rates will tell us what's going to happen next in the market," billionaire Mark Cuban told CNBC.
Read by 77% of LPs 4 hours, 26 minutes ago

Fortress Ceo Wes Edens Didn't Go To Meetings Despite Racking $115M Tab

Billionaire and Milwaukee Bucks co-owner Wes Edens did not show up to board and committee meetings as chair of the firm overseeing one of America's largest newspaper chains, even as his private-equity shop racked up a $115 million tab for its management of it, according to reports from a proxy advisory firm seen by Business Insider, as well as SEC filings. The influential shareholder advisory firm, Institutional Shareholder Services, issued reports to clients from May 2018 to November 2019 that described Edens' "poor attendance" at meetings.
Read by 77% of LPs 4 hours, 56 minutes ago

Russia's Rdif Likely To Become Limited Partner Of Baring Vostok: Rdif Chief

The head of the Russian Direct Investment Fund (RDIF), Kirill Dmitriev, said it was likely to become one of the limited partners of private equity group Baring Vostok, should the firm decide to raise new funds.
Read by 65% of LPs 5 hours, 26 minutes ago

Free Article Limit Reached - The Northern Miner

State prosecutors in Brazil have charged Vale's (NYSE: VALE) former chief executive, Fabio Schvartsman, with homicide after the catastrophic tailings dam disaster last January at...
Read by 64% of LPs 6 hours, 26 minutes ago

Temasek And Eqt Attempt To Create Renewable Energy Magic In India With $500M In Equity

EQT, through its EQT Infrastructure IV fund, and Singapore's Temasek Holdings created O2 Power, a renewable energy platform in India that is headquartered in Gurgaon. This platform will be led by Parag Sharma and will target over four gigawatts of installed capacity across solar and wind. Parag Sharma is the former Chief Operating Officer of [...]
Read by 48% of LPs 6 hours, 26 minutes ago

Renew Power Secures $450 Mn Funds Through Dollar Bonds

Continuing its streak of big investments, clean energy startup ReNew Power has raised $450 Mn funding through a dollar bond...
Read by 41% of LPs 7 hours, 26 minutes ago

Vanguard Continues To Lower The Cost Of Investing, Expands Commission-free Online Trading: News Scan | Financial Planning

Vanguard continues to lower the cost of investingVanguard extended commission-free online trading for stocks and options to all of the asset manager's brokerage clients, effective immediately, according to the firm. The move expands Vanguard Brokerage's commission-free platform, which has included all Vanguard mutual funds since 1977 and all Vanguard ETFs since 2010, and nearly every ETF in the industry since 2018. Additionally, more than 3,000 non-Vanguard mutual funds have no transaction fee when traded online, the firm says.
Read by 69% of LPs