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Digital Assets: Michael Saylor Unmoved By Crypto Weakness; “We Think It’s The Future Of Money”

May 20, 2022

Michael Saylor, CEO of MicroStrategy (NASDAQ: MSTR), who is permanently bullish on bitcoin, reiterated his positive outlook for the leading crypto in an interview on Thursday. Note that MicroStrategy currently holds a trove of 129,218 bitcoins, approximately worth $3.73 billion at current prices.


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iFunded to Accept Both Retail and Institutional… And Fiat and Crypto

September 3, 2019

iFunded is crowdfunding an apartment building in Berlin
iFunded, a German investment platform has listed for investment a debt-offering of €350,000. Investors have already funded €121,000, and others, including retail, may subscribe with amounts as low as €500. The interest rate is 6% for a 12-month loan term.

Alternative Investments: Warning Alarms are Sounding

September 3, 2019

Could the mountain of ‘dry powder’ be too much of a good thing?
Warning notes are sounding that fund managers, weighed under by mounting investible funds with few good enough ideas to invest, may be forced to accept lower returns.

ESMA Hikes Frequency of Liquidity Stress Tests on European funds

September 3, 2019

European funds such as UCITs, AIFs, and ETFs must conduct quarterly liquidity stress tests, according to the European Securities and Markets Authority (ESMA)
The funds must implement these tests from September 2020.

BlackRock Hires

People on the Move – Rivendell Partners, Revolut,iCapital Network, and Gide Loyrette Nouel

September 2, 2019

Rivendell Partners, Revolut, Alpha FMC, iCapital Network, and Gide Loyrette Nouel People on the Move – September 3, 2019 Revolut has faced pressure in recent months due to its customer service and compliance limitations. The banking startup continues to expand at a breakneck pace (more than 6 million users since its 2015 launch). Now, after…

Alternative Investment Fund Launches and Updates – September 3, 2019

September 2, 2019

Investment fund launches for September 3, 2019. First up, venture capital firm Golden Gate Ventures has filed to launch a $200 million fund in partnership with South Korea’s Hanwha Asset Management. The Singapore-based VC fund also said it will focus on Series B startups in the Southeast Asian region. Next, Hosen Capital is seeking $750…

AI Hedge Funds

AI-Dependent Hedge Funds Underperform the Industry

September 2, 2019

Though AI hedge funds have underperformed this year, on the longer timeframe of five years they lead by a wide margin
Hedge funds that are dependent on AI technology have returned a mere 2.77% this year up to July versus a return of 6.36% achieved by the industry.
That’s despite the hype surrounding artificial intelligence as a pathbreaking technology that would dominate investment management.


Indian B2B online marketplace Udaan raises $373.5 million in Series D

September 2, 2019

Altimeter Capital, GGV Capital, and Hillhouse Capital, besides existing investors DST Global and Lightspeed Venture Partners, participated in the funding.
The funding round places Udaan’s valuation at $2.3 billion.
Udaan holds the record for being the fastest Indian startup to make it to the prized ‘unicorn’ status. It achieved that mark in September 2018 when it raised $225 million.

Suspended Woodford Equity Income Pivots from Unquoted Securities to Listed Ones

August 31, 2019

The £3.5 billion Woodford Equity Income fund, run by Neil Woodford, must reconstitute its holdings into a more liquid portfolio by December and come out of suspension
Neil Woodford has sold unquoted and illiquid stocks amounting an estimated £900 million out of three funds, most of it from Woodford Equity Income. Out of that, he spent £145 million on shares in British American Tobacco (BATS), BT (BT) and British Airways owner International Airlines Group (ICAG).

Preqin Report: Five Straight Quarters of Hedge Fund Outflows

August 30, 2019

New report shows net outflows yet again in Q2 A Preqin report tracking hedge fund outflows showed more bad news for firms. For the fifth-straight quarter, net outflows hit managers. Preqin says that funds saw $25.3 billion exit hedge fund shops in Q2 2019. This is according to the Q2 2019 Hedge Fund Asset Flows factsheet….

Jana Partners

Jana Partners May Push for Bloomin’ Brands to Sell

August 30, 2019

Activist fund discloses new stake in Outback Steakhouse Owners Jana Partners disclosed a 9% stake in Bloomin Brands (NASDAQ: BLMN) on Friday. Barry Rosenstein’s shop is one of the most prominent activist hedge funds in the business. Don’t be surprised to see them push for new changes, including a sale of assets in the near…

Leading global macro fund to launch $1 billion crypto fund for institutions

August 30, 2019

Elwood Asset Management, backed by billionaire Alan Howard, will launch an institutional crypto hedge fund that could raise as much as $1 billion
Elwood manages the personal crypto assets of Mr. Howard and has performed due diligence on crypto hedge funds to establish the quality of governance and security.

Ray Dalio: An Economic Downturn Could Lead to Depression-Like Conditions

August 30, 2019

Ray Dalio, the founder of Bridgewater Associates, the largest hedge fund in the world, has painted a grim picture of current economic conditions
Writing on LinkedIn, Dalio said a trifecta of high global debt, weak central banks, and trade wars could result in a downturn that could hammer investors’ fortunes.


CalSTRs Bets Big on Private Equity in H1 2019

August 30, 2019

Blackstone receives a big sum from the nation’s second-largest public pension fund. CalSTRs is doubling down on private equity investments. The retirement pension fund manages $241.3 billion for teachers and other public beneficiaries. The group also invested $5.5 billion across 30 different private equity vehicles, according to the Wall Street Journal’s review of its documents….

Baton Systems Raises $12 Million in Series A Round

August 30, 2019

Trinity Ventures leads round with participation from Alsop Louie and Commerce Ventures Baton Systems has raised more than $12 million. The provider of high-speed, blockchain-inspired, bank-to-bank payments infrastructure, aims to increase processing times in the $2 trillion payments market. “This investment provides us with the strategic support and firepower to scale our bank-to-bank payment solution…

Google parent Alphabet forays into ‘tech-enabled infrastructure’ with Ontario Teachers

August 30, 2019

Alphabet, its subsidiary Sidewalk Labs LLC, and Ontario Teachers’ Pension Plan join in setting up an infrastructure holding company
The new firm, Sidewalk Infrastructure Partners (SIP), will invest in projects over $100 million in value in the fields of advanced mobility, energy, water and waste, digital infrastructure, and social infrastructure.

ThoughtSpot, an AI-powered, Data Analytics Startup, Raises $248 Million

August 29, 2019

The latest funding round takes Thoughtspot’s valuation to $1.95 billion and total funding to $554 million
Thoughtspot, which was founded in 2012 by Indian-origin tech entrepreneurs, is a US-based data analytics provider that uses artificial intelligence in its operations.


Alto Receives Seed Funding from Family Office

August 29, 2019

Alto wrapped up a $5.4 million seed fund round led by led by Jefferson River Capital, the family office of Tony James, Executive Vice Chairman of Blackstone
Also participating in the lead was Moment Ventures, a Palo Alto-based venture capital firm.
Other seed-round investors were Foundation Capital, Sequoia’s Scout Fund, and Amplify.LA.

Shanghai: 2019 World Artificial Intelligence Conference

August 29, 2019

The Shanghai expo on artificial intelligence commenced Thursday with plenty on the cards: A debate between Jack Ma and Elon Musk, deal-making and networking
The highlights of the conference so far, on Day 1 of the three-day conference:

The American Investment Council Lists PE as Top Asset for Pensions

August 28, 2019

In an impressive run, PE has topped the returns table at pensions for seven consecutive years.
A study by the American Investment Council (AIC) of 165 US public pension funds that represent over 20 million public sector workers and retirees found that private equity (PE) has been a star-performing asset class.

Chinese Artificial Intelligence Start-Up Megvii Filing for $ 1 Billion IPO

August 28, 2019

Undeterred by the political turbulence in Hong Kong, Megvii Technology is going ahead with an initial public offering on the Hong Kong Stock Exchange
The China-based artificial intelligence start-up, which was recently valued at about $ 4 billion in its latest funding round in May, appears to be confident that the supercharged political environment in Hong Kong and jittery global markets will not affect its capital float.

The Libra Association Announces $10,000 Bug Bounty for Libra

August 27, 2019

The Libra Association has launched a bug bounty program that will reward up to $10,000 for a critical flaw found in the testnet code of its Libra stablecoin
The Libra Association, tasked with processing Libra transactions and maintaining the digital currency’s underlying blockchain, has expanded the scope of testing its code for bugs.
For the initial beta bug testing, conducted when Libra first launched, the Association invited 50 security researchers with blockchain expertise. This private program has now been thrown open to the public with rewards promised to anyone finding a bug in the code.

Hedge Fund Starboard Value Gets Papa John’s a New CEO

August 27, 2019

Rob Lynch, the Arby’s executive behind the “We have the meats” campaign is the new CEO of Papa John’s International. Hedge fund Starboard Value invested $250 million earlier this year into Papa John’s International. As the stock slumped thanks to weak same-store sales and PR damage from its founder, Starboard pressed a turnaround plan. Today,…

Preqin Survey

Preqin Survey: Alternatives investors wary of ‘toppy’ markets

August 27, 2019

According to the Preqin Investor Update on Alternative Assets H2 2019, a rising number of investors believe that equity markets are at a top and likely to correct
Preqin, the data provider specializing in alternative assets, surveyed 177 institutional investors in July 2019 to gauge investor sentiment across various alternative asset classes.
According to the report, investment enthusiasm for alternative assets remains undiminished, with industry AUM at $9.5 trillion as at end-2018. Though investors’ outlook on the future performance of alternatives remains optimistic, this may not last.

Peter Thiel’s Founders Fund Exits Stake in Facebook.

August 27, 2019

The Founders Fund, which backed Facebook from its earliest days, has exited its stake in the social media company. The decision was part of a broader plan from the venture capital firm’s trading partner. The announcement came in an SEC filing on Monday, Reuters reports. Thiel now owns 63,550 Class A shares both independently and…