Investments
Types of investments
Top Story
Chipmaker AMD (NASDAQ: AMD) has unveiled a range of innovative AI solutions spanning from data centers to personal computers. The AMD Instinct MI300 Series features data center AI accelerators, while the ROCm 6 open software stack introduces new features supporting Large Language Models (LLMs). Additionally, the Ryzen 8040 Series processors come equipped with Ryzen AI capabilities.
Get Daily Updates
Subscribe to DailyAlts Today to get Alternative Investment news, insight, and commentary delivered straight to your inbox every day.
More Stories on Investments
Real Estate: Microsoft and Samsung in Transforming Digital Move
REAL ESTATE MANAGEMENT GOES DIGITAL. Samsung and Microsoft are teaming up to transform the property management industry through smart appliances and digital cloud technologies. The goal of this partnership is to improve operations for buildings and maintenance and residents. Samsung’s SmartThings platform will assist in building operations, asset management, and energy efficiency. Samsung’s smart home…
Venture Capital: TrueBridge Capital Partners Closes Fund-of-Funds VI at $600M
TrueBridge Capital Partners, the venture capitalist firm based in Chapel Hill, N.C., announced the closure of its sixth venture capital fund-of-funds, TrueBridge Capital Partners Fund VI, L.P. after receiving commitments of $600 million.
Alternative Investments: A Pivotal Change in Trend of New Home Sales? Homebuilder ETFs To Consider
The pandemic sparked whole new trends including a massive jump in online ordering and digital payments, the wholesale conversion to “work-from-home,” and the decimation of business prospects for movie theaters and restaurants. But homebuilders may be in clover.
Digital Assets: Bank of England Mulling CBDC
Speaking to students on a webinar, Bank of England governor Andrew Bailey said the bank was considering whether a UK central bank digital currency (CBDC) was feasible.
FinTech: Robinhood, the Fee-Free Trading App, Raises $320M At $8.6B Valuation
Nothing, it seems, can stand in the way of Robinhood’s cash chase. COVID-19 notwithstanding, the share trading and investment platform announced and raised in May an ‘F’ funding of $280 million. That round got rounded up nicely to $600 million Monday after Robinhood announced its expansion and raise of an additional $320 million. Investors in Monday’s tranche included TSG Consumer Partners and IVP.
Artificial Intelligence: How Israeli AI is Hunting Down Operators of Hostile Drones
Dr. Gera Weiss and Eliyahu Mashhadi, researchers at Ben Gurion University in Beer Sheva in southern Israel, have developed an AI-enabled system that pinpoints the location of a person operating an enemy drone using its flight path.
Julius Baer Moves Into Private Equity
Formidable PE Contender. Julius Baer is set to launch a new division specializing in private equity, with UBS veteran Guiseppe Filippo poised to take the reins. The firm will name this division Direct Private Investments upon its roll out in October. Julius Baer Private Equity Plans The Swiss bank will have a team of investment…
Hedge Funds: Chatham Asset Management Wins Bid for McClatchy Newspapers
One of the nation’s leading news publishers, the McClatchy Company, will be purchased by Chatham Asset Management. This is following many years of revenue decline for the publishing company. The McClatchy Company has had 163 successful years of family ownership. It will now be sold in a bankruptcy auction to the New Jersey-based hedge fund….
Venture Capital: Electric Vehicle Startup Rivian Raises $2.5B
Funds and accounts advised by T. Rowe Price Associates, Inc. led an investment round worth $2.5 billion in electric vehicle maker Rivian. Participants in this investment round include Soros Fund Management LLC, Coatue, Fidelity Management and Research Company, and Baron Capital Group. Existing shareholders Amazon (NASDAQ: AMZN) and funds managed by BlackRock (NYSE: BLK) also participated.
Private Equity: Callan Reveals PE Partnership Metrics
PE Partnership Terms – Best Practices Callan, an institutional investment consulting firm, released its Private Equity Fees and Terms Study to serve as a reference for institutional investors. This study analyzes the terms and fees for 90 private equity partnerships. Institutional investors can use this information when negotiating and evaluating partnership terms. According to head…
Digital Assets: Clear Provides Blockchain Solution For Telcos’ Roaming Discount Agreements
Clear, a blockchain startup founded in 2018, specializes in removing complex frictions in B2B trade. One such pain point is the contractual settlement and reconciliation for roaming agreements between telecom operators. Clear came up with a blockchain solution for the settlement of roaming discount agreements for Spain’s Telefónica, Deutsche Telekom, and British provider Vodafone.
Alternative Investment: Vanguard Launches Its First ESG-focused Fixed Income Product For U.S. Investors
Vanguard filed a preliminary prospectus for a corporate bond ETF that will offer U.S. investors investment-grade corporate bonds with additional exposure to environmental, social, and governance (ESG) criteria. Vanguard has moved to take advantage of the growing investor awareness and interest in the sustainable investing market. Additionally, there were few fixed-income ETFs in the ESG arena, and therefore the new ETF will fill a void.
FinTech: “Massive Opportunity for Disruptors” and “The Biggest VC Exits” – Steve Sloane
Fintech presents a treasure trove of opportunities for disruptors. Steve Sloane, who is a partner at Menlo Ventures and runs the firm’s “Inflection Fund,” shared his vision for the fintech sector in an article.
Artificial Intelligence: Optimizing Public Transit for Social Distancing Amid COVID-19
COVID-19 has subjected public transit systems to twin upheavals. One, the need for maintaining social distancing among commuters to reduce the spread of virus infections. Two, the change in ridership patterns due to the virus as the flow of people commuting between home and work has changed dramatically. The latter, particularly, has created logistical nightmares for public transit authorities in the way of planning, service reliability, and funding disruptions. A Vanderbilt University professor is applying AI to the solution of these problems for the public transit systems of Nashville and Chattanooga.
Despite Turbulence, Hedge Funds Achieve Q2 Gains
Hedge Funds Up Amid Volatile Markets. Hedge funds were up nearly two percent in the month of June. This means that the industry faced its third monthly gain in a row. Although the industry aggregate — as measured by the HFRI Fund Weighted Composite Index — is still down, hedge funds are doing well considering…
Private Equity: AMC Takes PE Route to Steer Clear of Bankruptcy
Silver Lake Group Close on AMC Deal Private equity firm, Silver Lake Group, is on the brink of making a deal with AMC Entertainment Holdings. The American movie theater giant is suffering due to a lack of business resulting from Covid-19, and risks having to file for Chapter 11 bankruptcy. To avoid this, Silver Lake…
FinTech: Online Lender and Fintech SoFi Refiles For A National Bank Charter
SoFi becomes one more fintech looking to crossover into mainstream banking after it filed a de novo application with the Office of the Comptroller of the Currency (OCC) for a national bank charter. According to American Banker, which cited a SoFi spokesperson, the fintech applied on Wednesday, though a copy of the charter application was not available till Thursday.
Venture Capital: Sony Pays $250M for a 1.4% Stake in Fortnite Game Maker Epic
Sony (NYSE: SNE) announced Thursday its deal to buy a minority stake in Epic Games, the private company behind the battle-royale juggernaut of a game known as Fortnite. It is the world’s largest game with over 350 million accounts and 2.5 billion friend connections. Sony is paying $250 million for its 1.4% stake in Epic, which also develops Unreal Engine – the software used by game developers the world over and which powers the top games across the globe.
Artificial Intelligence: World Artificial Intelligence Conference 2020, Shanghai
The theme of the conference is “Intelligent Connectivity, Indivisible Community.” Researchers, entrepreneurs, and officials from across the globe are discussing the emerging trends in artificial intelligence.
Digital Assets: Didi, Others Collaborating With Banks and PBoC on DCEP, the Chinese CBDC
The Chinese ride-hailing megacorp, DiDi Chuxing, has agreed to collaborate with the Digital Currency Research Institute of the People’s Bank of China (PBoC) on the DCEP – the CBDC under development by China. According to another report, Meituan, the major eCommerce service platform with over 240 million consumers and five million local merchants, as well as video-sharing site Bilibilibili, has begun to cooperate with banks developing the digital yuan.
Alternative Investments: Lyxor Launches Suite of Paris-Aligned Equity ETFs
Lyxor Asset Management said in June that ESG ETF inflows were strong over the month of May, with EUR2.4 billion flowing in. That has set up a record for ESG ETFs for the year to date. It showed investors’ rising preference for sustainable investments, amidst global easing of lockdown restrictions and stimulus measures in Europe.
Perhaps addressing the trend, Lyxor announced this week a suite of equity ETFs for investors seeking opportunities in companies that align with climate-related carbon-reduction goals.
Alternative Investment: Outlook On Real Estate ETFs; Is The Worst Over?
A report by Globe St. com quoted a survey result by RCLCO Real Estate Advisors. The survey said that real estate industry leaders thought the worst of COVID-driven real estate market declines sustained during the first six months this year may be behind us.
Digital Assets: Ceres Coin Files With SEC To Issue Tokens and Coins Worth $50M for Cannabis Network
Ceres Coin LLC, based in Chicago, filed with the SEC on June 30, 2020, requesting permission to issue digital securities comprising tokens of $30 million and Ceres coins worth $20 million. The tokens will capitalize the company for its proposed business to build an end to end transaction network for cannabis on the blockchain. The coins will be used as a mode of transactions in the cannabis payments network.
FinTech: Ant Group, the Fintech Arm of Alibaba, To Float Hong Kong IPO
Chinese fintech giant Ant Group, also known as the world’s most valuable unicorn, and previously called Ant Financial, is planning an IPO said Reuters. The news service quoted anonymous sources who also confirmed that Ant had been working with advisors on the sale of shares in recent months.