Hedge funds have always been able to recruit analysts and traditional stock-picking portfolio managers from investment banks, but have run into trouble convincing coders and data scientists to choose Wall Street over Silicon Valley, industry observers say. Just "throwing money" at top graduates from Ph.D. programs has not worked because, industry sources say, hedge funds are being outbid for this type of talent. Funds are now getting creative with the ways they recruit this type of talent, with Silicon Valley-like hack-a-thons or guarantees to work on a new internal product that is more start-up-like.
The Twenty Minute Vc: Venture Capital | Startup Funding | The Pitch: 20vc: The Acceptable Vs Unacceptable Risks To Take When Seed Investing, Why Loss Ratio Is Not A Consideration & Why Series A Is The Right Time To Establish A Board With Mike Hirshland, Co-founder @ Resolute Ventures
Mike Hirshland is the Co-founder of Resolute Ventures, one of the leading pre-seed and seed stage funds of the last decade having recently announced their new $75m Fund IV. In prior funds they have the likes of OpenDoor, Mixmax, Greenhouse, AppZen and more incredible companies. As for Mike, prior to founding Resolute, he founded Dogpatch Labs, the community which helped launch over 350 companies including Instagram. Before Dogpatch, Mike was a partner with Polaris Venture Partners from 1999-2011, where he was the original seed investor behind Automattic, Q1 Labs (acquired by IBM for $600 million), Quantcast and KISSmetrics.
Names Sanjay Kukreja as its new chief investment officer and Ashley Menezes as the chief operating officer. : India's premier private equity firm ChrysCapital has roped in Harsh Mariwala, founder of consumer goods company Marico Ltd, as a senior adviser as part of top-level changes, the company announced Friday. Mariwala joins HCL Technologies Ltd CEO Vineet Nayar and former State Bank of India chairman & managing director Arundhati Bhattacharya, as advisors to the firm. ChrysCapital also named Sanjay Kukreja as its new chief investment officer and Ashley Menezes as the chief operating officer.
Why The Fourth Industrial Revolution May Create Beach Hotspots For Investors - Professional Investor
With data becoming increasingly critical to our digital economy, Global Cities' Ben Forster explains why beachfront real estate is now hot property.
smallcase Technologies, the Bengaluru-based company which operates platforms for individual investors to invest in portfolios of stocks ETFs with their existing demat accounts, announced that it has raised $8 million from leading investors.
TAMP makes it easier for advisors to provide portfolio recommendations and analysis. : Turnkey asset management platform SMArtX now has an outsourced chief investment officer service, according to the company. Pascal Roduit, who formerly worked for hedge fund sponsor Mercer Park LP, was hired as chief investment strategist to lead the new offering. Advisors using SMArtX's OCIO services will have access to institutional strategy analysis and portfolio construction recommendations, which are suggested based on advisors' current needs and criteria.
Griffin Institutional Access(r) Real Estate Fund Posts Record-setting Month In January | Business Wire
EL SEGUNDO, Calif.--(BUSINESS WIRE)--Griffin Capital Company, LLC ("Griffin Capital"), a leading private investment firm and one of the nation's premier alternative investment advisors, today announced another milestone for its flagship interval fund, Griffin Institutional Access Real Estate Fund. Investor flows for the month of January exceeded $118 million. Since the Fund's June 2014 inception, assets under management have grown to $3 billion, and with the strong results posted in the fourth.
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In the week ending September 25th 2019, a research by eVestment showed that the hedge fund industry assets under management plummeted by -$88.7bn. Investors removed -$19.64bn from the industry in December, bringing total 2018 investor redemptions to -$35.3bn, the second highest investor redemptions since 2009. HFR data pointed to a drop of hedge fund assets to $3.11tn as of Dec. 31, down from the prior quarter record of $3.24tn due to investor redemptions, record equity market losses and overall market volatility.