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FinTech: Lloyds To Acquire Stake In Loyalty App Bink

January 4, 2022

Lloyds Banking Group (LON: LLOY), Britain’s biggest mortgage provider, will acquire a minority stake in loyalty app Bink, according to a report by Sky News for an undisclosed amount that may run into millions of pounds. It was also not known how much the transaction valued Bink.

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Regtech

RegTech Revenues Climb in Step with Startup Activity, Says CCAF Benchmarking Report

September 12, 2019

RegTech revenues in 2018 top $5 billion following a sharp pickup in startup activity
The above statistic is a finding of the “Global RegTech Benchmarking Report,” published by The Cambridge Centre for Alternative Finance (CCAF) and sponsored by EY Japan.

Hedge fund Autonomy Capital Drops $1 Billion on Argentinian Wagers

September 12, 2019

Autonomy Capital lost that much in one month following political turmoil in Argentina
Last month we reported on the losses suffered by Brazilian hedge fund Newfoundland Capital Management in Argentinian stocks.
Turns out Autonomy Capital, the prominent macro fund founded by Robert Gibbins, was also singed.

Softbank Having Second Thoughts About the WeWork IPO

September 12, 2019

SoftBank, a significant investor in WeWork, wants the shared workspace company to postpone its IPO
What a comedown. WeWork was last valued at $47 billion earlier this year when SoftBank invested $2 billion. But investors are unlikely to give the company a valuation of more than $15 billion to $20 billion, sources said.

REIT Industry Shows Growth in Acquisitions

September 12, 2019

The National Association for Real Estate Investment Trusts (Nareit) has released its report of the performance of the REIT industry in the second quarter of 2019. The association found that Funds from Operations (FFO) totaled $16.5 billion, a 2.8% increase from the first quarter of 2019 while Net operating income totaled $24.8 billion, 2.4% higher…

ECB announces massive stimulus; Trump cries foul

September 12, 2019

The European Central Bank launched a new bond buying package and cut deposit rates to stimulate the Eurozone economy

The central bank said it will purchase assets worth € 20 billion ($ 21.9 billion) every month until such time as necessary.

Leon Cooperman: High odds of interest rates going up make private equity risky

September 12, 2019

The legendary hedge fund manager said declining interest rates had propped up returns in PE, but this could change
Cooperman was speaking at an event hosted by the New York Alternative Investment Roundtable. Initially calling private equity a scam, he later clarified his remarks. Though he was put off by the high fees and lengthy lock-ups, he said the industry wasn’t a scam.

What does Ken Griffin know about uber-luxe real estate that we don’t?

September 12, 2019

The billionaire, hedge fund manager, paid nearly $100 million for a Palm Beach property next to one he already owned
Ken Griffin is the US titleholder for owning the most expensive home in the country. He has a penchant for acquiring the most costly and luxurious properties in the priciest cities across the globe.

Real Estate is the Top Long-Term Asset, According to Survey

September 12, 2019

SophisticatedInvestor.com recently took a survey of over 2000 investors between the ages of 35 and 65. Real estate is the top asset class for the long-term, according to a recent survey. Roughly 22% of respondents to the Sophisticated Investor survey deemed it so. Even more interesting is that 25% of those respondents between 45 and…

AT&T Gets Heat from Billionaire Activist

September 12, 2019

Hedge Fund Elliott Management writes to ATT on how to “realize a historic increase in value” for its shareholders
Billionaire Paul Singer owns Elliott Management. It revealed in its letter yesterday to telecom conglomerate AT&T that it owned $3.2 billion of the latter’s stock. Elliott’s open letter claimed that AT&T could boost its share price to $60+ by 2021 through “readily achievable initiatives.”

Pension Funding Deficits at UK-Listed Companies Hit £67 Billion as Yields Drop

September 12, 2019

Funding deficits at defined benefit pension plans for the top 350 listed companies in the UK touched a two-year high in August
According to consulting firm Mercer, funding deficits at these pensions bloated by £16 billion to £67 billion as of August 30 from £51 billion in July.

Naomi Heaton Optimistic Despite Brexit Concerns

September 11, 2019

Optimism for the year ahead, says London Central Portfolio chief Naomi Heaton, chief executive of the property investment firm London Central Portfolio, expressed optimism for London markets despite continuing Brexit issues. In an interview with Property Funds World, Heaton said it was a good time to buy real estate. She cited a drop in property…

FCA-Approved Crypto-Arbitrage Fund Raises $50 Million

September 10, 2019

Nickel Asset Management, a London-based hedge fund, has officially launched a cryptocurrency-focused ‘Nickel Arbitrage Fund.’
The new fund has raised $50 million within two months and won rare approval from UK regulators.

Roivant, the Hedge Fund Specializing in Drug Castoffs, Signs $3 Billion Deal

September 9, 2019

Japanese drugmaker Sumitomo Dainippon Pharma will buy a stake of just over 10% in Roivant Sciences
Former hedge fund manager Vivek Ramaswamy founded Roivant Sciences, a Swiss holding company. Roivant builds “Vants” – biotech and healthcare companies that license, or own, development drugs sidelined by Big Pharma companies.
Roivant currently owns a central technology-enabled platform and 20 Vants with over 45 investigational medicines under development.

Protos Hedge Fund

Now trade the world’s 1st tokenized hedge fund – 24/7

September 9, 2019

Protos, the world’s first tokenized hedge fund, opened to public investors this month
Crypto investors can now trade the Protos hedge fund tokens on the OpenFinance Network (OFN). OFN is an SEC-registered Alternative Trading System (ATS).

Precious metal etfs

Investors plow money into precious metal ETFs

September 9, 2019

Fears of a recession are driving investors to safe-haven precious metal ETFs
Precious metals have quietly come out of nowhere and are hitting new highs.
Macroeconomic factors such as trade wars, fears of a global recession and political turmoil such as Brexit are to blame.

Activist hedge fund accuses condom-maker of inflating financials

September 9, 2019

Ben Axler of Spruce Point says Church & Dwight rigged numbers to jack up compensation bonuses
Church & Dwight is the listed maker of Trojan condoms, sex toys, hair growth, and rectal creams. It also sells baking soda and products relating to laundry, cat litter, oral and personal care.

IGIS

‘The One,’ an 85-story Toronto skyscraper, funded by Korean institutions

September 9, 2019

outh Korean institutions lend C$560 million ($423 million) to IGIS Asset Management
IGIS will onward lend the funds to Mizrahi Developments, which is developing the skyscraper in Toronto, Canada.
Dubbed ‘The One,’ the mixed-use building will cost an estimated $1 billion. Once completed, it will be the tallest building in Canada.

Office Properties Income Trust

Vista Equity Partners Raises Largest Tech-Focused PE Fund in History.

September 6, 2019

Tech funds still generate massive demand from investors Vista Equity Partners has raised the largest technology-focused PE fund in history. The shop raised $16 billion in outside capital for its new fund, Vista Equity Partners Fund VII LP. That figure exceeds the $15 billion raised by Silver Lake. It also surpasses the $12.6 billion raised…

AI powered judicial system

China Now Has an AI Powered Judicial System

September 6, 2019

Shanghai in China unveils its AI-powered judicial system for handling criminal cases An AI-powered judicial system now runs in China. This is not surprising. After all, the nation timed the launch of this system with the World Artificial Intelligence Conference 2019 from August 29 to 31. The “206 System” has generated a lot of controversies….

BlackRock Hires

People on the Move: AG & Co., TigerRisk Partners, Bookend Capital, and Clarion Capital

September 5, 2019

TigerRisk Partners Appoints New CEO People on the Move for September 5, 2019 TigerRisk Partners appointed James Few to the role of CEO at its London office. Few now reports to company President and COO Rob Bredahl. He comes over from MS Amlin where he modernized the firm’s global reinsurance business. Few leads a busy…

Office Properties Income Trust Announces Sales of Four Properties

September 4, 2019

The multistate deal allows the firm to pay off unsecured loans Office Properties Income Trust announced the sale of four buildings this week. The buildings are in San Antonio and Arlington Texas, as well as one in Hanover, PA. Gross proceeds for the sale reached $223.2 million before closing costs. The firm will use the…

Starboard Value Takes 7.5% Stake in Cloud Storage Firm Box Inc.

September 4, 2019

The activist fund takes a stake in an underperforming cloud services firm. Starboard Value has purchased a 7.5% stake in the cloud storage company Box Inc. The activist hedge fund called the cloud services giant “undervalued.” Jeffrey Smith’s firm is now the second-largest shareholder after Vanguard Group. Box stock was off 40% in 2019 prior…

Revisiting the End of an Era at Blackstone Group

September 4, 2019

The departure of Bennett Goodman will reverberate across the company for years. The Bennett Goodman era comes to a close as the co-founder of GSO Capital Partners is stepping down. Along with J. Albert Smith III and Douglas Ostrover, Goodman founded GSO in 2005 and sold the operations to Blackstone in 2010. During that time,…

AI-led hedge fund

This AI-Led Hedge Fund Will Trade Global Currencies

September 3, 2019

A former Goldman Sachs analyst with a background in military intelligence programming is setting up an AI-led hedge fund for trading the major currencies
Niklas Hojman, who previously worked at Goldman, has co-founded Swedish company Century Analytics AB along with Hugo Langeen and Jimmy Carlsson. The company’s proposed CenturyOne currency hedge fund is betting that artificial intelligence will prove to be the success mantra in currency trading.