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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.
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Alleged Hedge Fund Fraud Links Lewitt, Biden’s Brother
Two healthcare companies are suing a hedge fund manager and James Biden Accusations of hedge fund fraud are back in the headlines. A hedge fund manager and the brother of a Presidential candidate are accused of defrauding two medical companies in Tennesee. Last month, Azzam Medical Services and Diverse Medical Management filed a complaint with…
Preqin: Nearly 4,000 PE firms looking to raise $1 trillion globally
Preqin, a leading provider of data on alternative assets, has issued a report on private equity and venture capital trends during the second quarter of 2019.
Private Equity in Europe: Headlines Bad, Reality Good
Investors have, over the years, gotten fed up with Europe’s forever ‘tomorrow-story.’
Disillusioned investors have pushed down valuations to attractive levels, and understandably, private equity is circling.
Hedge fund Fees: Element Capital Eyes 40%
Hedge fund star Jeffrey Talpins is bumping up the performance fee at his Element Capital hedge fund from the already pricey 25% to 40%. However, the fund will cut its management fee from 2.5% to 2%.
CipherTrace Cryptocurrency AML Report: $4.26 billion siphoned during the first half of 2019
Its a big, evil world out there in cryptoverse. Scams and hacks abound, and the amounts are getting bigger
The CipherTrace Cryptocurrency AML Report for Q2 2019 makes for some alarming reading. Digital currencies and exchanges appear to have become the happy hunting grounds of criminals who can steal billions of dollars with ease and impunity.
Challenger bank Monzo boosts valuation north of £2B after funding round
A recent £113 million investment by Y Combinator in digital challenger bank Monzo has ratcheted up the latter’s valuation to over £2 billion, double what it was just eight months ago.
Equinox Energy Fund Implodes After Dismal Performance
Equinox Energy Fund closes after losing 85%
In a letter to investors, Equinox fund manager Sean Fieler attributes the losses to lousy stock picking and bear markets in E&P companies, Western Canadian energy prices, and small-cap energy companies.
Maarten Petermann to launch $500 million special situations fund
Petermann’s last-held position at JPM, that of European head of special situations, should be valuable experience when he runs his proposed Merlyn Advisors fund.
Merlyn is targeting $500 million in assets when it commences trading, with deployment across special situations such as M&A, spinoffs, and bankruptcies.
Bill Miller rides Amazon stock, Bitcoin to 46% Return this year
Bill Miller acquired legendary status as a stock-picker when he outperformed the S&P500 for 15 consecutive years during his tenure at the Legg Mason Value Trust.
Well, even at 69 years of age, it turns out his value investing skills are still as sharp. His usual strategy – to pick up stocks at bargain basement prices – is working fine.
LSE snaps up Refinitiv for $27 billion
LSE shares surge higher on news of the deal; erstwhile Refinitiv owners will own 37% of LSE
The three-hundred-year-old London Stock Exchange Group made a massive bid to extend its reach into data by agreeing to buy Refinitiv, the global provider of data and tradi
7IM: Dramatic rise in demand for sustainable and ESG strategies
Seven Investment Management’s Sustainable Balance Fund notches up £100 million AUM
7IM’s Sustainable Balance Fund, which garnered AUM of £100 million by this week, invests in a portfolio structured around the environmental, social and governance (ESG) theme.
German Fintech and Digital Bank N26 Gets a $3.5 Billion Valuation
The kind of valuations European fintechs are getting these days is calling into question the belief that Silicon Valley alone is the birthplace of the most promising startups.
The recent raising of $170 million by challenger German bank N26 Gmbh gives it a valuation of $3.5 billion. That valuation puts N26 in the top echelons of European fintechs.
Revolut Valuation: Is $10 billion on tap?
Revolut, the digital challenger bank, and fintech poster child may soon amass a worth of $10 billion, according to Simon Cook, investor, and board member.
Marquee Private Equity Investor Henry Kravis invests in alternative fund
Henry Kravis is said to have invested in San Francisco-based ParaFi, an alternative investment fund with a special focus on the fintech and blockchain ecosystem.
ParaFi is led by founder and CIO Ben Forman, an investor with over 10 years of experience across public and private markets at KKR and TPG.
Moody’s Acquires RiskFirst, a Fintech that Analyzes Risk
Moody’s is looking to enhance the product portfolio of its Moody Analytics unit by acquiring risk analysis fintech RiskFirst.
RiskFirst’s offerings are geared towards institutional investors such as asset managers, pension funds and endowments.
For ESG-conscious investors: DIY ETFs (well, sort of)
Time was when actively managed mutual funds were well and truly disrupted by the inexpensive ETF vehicle.
Fed up with lack-lustre performance and exorbitant fees, investors shifted $39 billion out of mutual funds since 2015. On the other hand, ETFs were laughing to the bank with inflows of $1.5 trillion since then.
But ESG investing is the new kid on the block – and it could be ETFs’ day of reckoning.
Canadian watchdog FINTRAC: Fintechs Vulnerable to Money Laundering
Documents obtained by The Globe and Mail reveal that fintechs in sectors such as alternative lending, electronic payments, online gambling and digital currencies are thought to be particularly vulnerable to the menace of money laundering.
Private Equity Firm KKR Snaps Up Campbell’s International Business for $2.2 billion
According to reports, private equity giant KKR has pipped Australian rival Pacific Equity Partners to the post in the race to acquire Campbell Soup’s international business including Arnott’s biscuits.
The deal is said to be have been struck at $2.2 billion, which is about 13.5 times 2019 EBITDA.
How a $147 billion pension plan will manage climate risk
The Ontario Teacher’s Pension Plan (OTPP) has outlined its procedures for dealing with the impact of climate-related changes on its investments.
OTPP’s inaugural report details its comprehensive approach to various facets of investing in a global environment affected by climate changes.
Texas Teachers rejigs allocations
The Teachers’ Retirement System (TRS) of Texas on Friday made changes to its asset allocation plan.
The changes underscore the $153 billion retirement plan’s worry that stock prices may be over-extended and could correct.
The TRS board adopted a two-pronged strategy to hedge against a downturn in equities.
Hot wheels of the future: Pre-fitted crypto wallets
Mercedes may soon have pre-installed in its cars a blockchain powered mobility platform that will do everything from managing your trip to processing digital contracts, “including the financial posting of the transactions in real time.”
In effect, the car becomes your crypto wallet!
PE and the ‘Stop Wall Street Looting Act of 2019′ – pros and cons for Americans
Does the private equity industry need to be reined in? A look at both sides of the coin
Though the private equity industry is attracting unfavourable attention following its strident growth over the past five years, the underlying cause is the hunt for yield following relentlessly low interest rates.
eFront: VC return multiples touch record high in Q4 2018
According to eFront’s latest Quarterly Private Equity Performance Returns report, 2018 was a landmark year for VC performance. A favourable exit environment enabled VC funds to cash out in shorter time frames with high returns and low risk.
Hedge funds’ Investors are More ESG-Focused
A survey by BarclayHedge finds more than half of hedge fund assets next year will be invested keeping an eye on ESG factors
Environmental, social, and governance factors (ESG) will dominate hedge fund investing practices in the coming year, according to a survey of hedge fund managers and commodity trading advisors.