ATLANTA--(BUSINESS WIRE)--Resurgens Technology Partners ("Resurgens"), an Atlanta-based private equity firm focused on investing in North American-based, lower middle-market software and tech-enabled services businesses, announced the closing of its flagship fund at over $200 million in total commitments, in excess of its target. The fund's limited partners include endowments, foundations, global asset managers, financial institutions and state and national pension plans. Founded by Fred Sturgi.
Ray Dalio is the founder, chair and co-chief investment officer of Bridgewater Associates, a global leader in institutional portfolio management and the largest hedge fund in the world. Dalio started Bridgewater out of his two-bedroom apartment in New York City in 1975 and has grown it into the fifth most important private company in the [...] The post Ray Dalio Explains How Pain + Reflection = Progress appeared first on ETF Trends.
DETROIT, Jan. 9, 2019 /PRNewswire-PRWeb/ -- Dickinson Wright PLLC is pleased to announce the election of 12 new member attorneys of the firm, effective January 1, 2019. "This year's class of new members represent a diverse range of practices and offices," says Michael Hammer, CEO of Dickinson Wright. "Each attorney brings an incredible set of qualities and skills that they have developed over their time here at Dickinson Wright. I congratulate each and every one of them on this well-deserved honor." Below is Dickinson Wright's new member attorneys for 2019: Frederick Dewey is a Member in the firm's Detroit office.
Hedge fund managers struggled through 2018, as market volatility and fee pressure cut into returns and profits. The top funds to watch in 2019 are a mix of well-known veterans, up-and-coming start-ups and star traders ready to set out on their own. Through the first half of 2018, hedge funds were getting along pretty well. The year did not finish on the same note. The third quarter was the first three-month stretch where fund closures outpaced launches in more than a year, and market volatility in October and November wiped out many managers' marginal gains for the year.
Two investment management platform firms have formed a partnership to offer a one-stop hosting solution to their international client base of hedge funds, private equity and real estate funds.
Salveo Capital said Dec. 6 that it has acquired a minority equity interest in Ascend Wellness. Financial terms weren't announced. Ascend is a cannabis company operating in Massachusetts, Illinois, and [...]
Rope in people with operational expertise or exit track-record. : Private equity (PE) and venture capital (VC) are strengthening their teams by inducting partners who could add value to the investee companies or elevating people with good track-record on exits. Last week, Bangalore-based VC firm Kalaari Capital roped in Sreedhar Prasad from KPMG, where he was partner and head-consumer markets & internet business, advisory. Prasad will strengthen the team at Kalaari which has seen 3-4 exits over the last 12 months.
Dallas-based hedge fund Brenham Capital is closing, a casualty of what founder John Labanowski called "some truly bizarre stock action." Brenham made bets on small and midcap energy stocks. Brent, the global benchmark, entered a bear market this month--defined as a 20% drop from a recent peak. Energy investors have also been whipsawed by volatility outside the oil market. Brenner West Capital Partners is also closing after 13 years in business, people familiar with the matter told The Wall Street Journal on Friday.
Tata Asset Management Monday said it has appointed Danesh Mistry as head of portfolio management services in order to strengthen the division, which will focus on a niche segment of clients through tailor-made portfolios. Mistry, who until now, managed multiple equity mutual fund schemes, is mandated to build the portfolio management services (PMS) vertical. He is now designated as head of PMS, Tata Asset Management said in a statement. He has over 16 years of experience spread across fund management, equity research, mortgages and investment banking including private equity and capital markets.