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Elon Musk’s artificial intelligence startup, xAI, aims to secure $1 billion in equity financing to compete with industry leaders such as OpenAI, Microsoft, and Google. The company, co-founded by Musk, has already garnered $135 million from investors, as revealed in a filing with the US Securities and Exchange Commission.
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Artificial Intelligence: Truera Will Tell You What’s Going On Inside The ML Black Box
Data scientists have long suffered from the impervious ‘black box’ that surrounds a machine learning model. That’s because data is crunched by the algorithm and decisions spit out but what went on in between the input and the output remains opaque. But help is at hand – Truera’s platform allows data scientists to analyze machine learning to improve model quality, address unfair bias, and build trust.
Liquid Alternatives: Prime Capital Launches Liquid Alts Credit Fund
Prime Capital’s Liquid Alternative Credit Fund, a new fund of funds, will invest in 15 to 20 underlying funds which are diversified globally and invest in alternative credit strategies such as trade finance and real estate bridge financing. Prime Capital AG manages €17.2bn of assets in various funds.
Alternative Investments Yielding Strong Diversification Outcomes
Democratizing of Alts Continues Globally. Alternative investments increasingly are in the spotlight for market observers who see their strong outcomes in today’s volatile market environment. These investments include, for example, managed futures, commodities, hedge funds, and private equity. The world of alternative investments is continuing its transition from a relatively exclusive investment asset cateogry for…
Hedge Funds: Bitcoin In Play as Funds Dive Back In
Crypto Hedge Funds Move In On Bitcoin. Bitcoin fell by 50 percent in cryptocurrency’s price in March, but subsequently rose back up to trade at $11,200. Investors should caution as this trend could lead to another major slump — most notably like the 2017 80 percent Bitcoin slump. Especially with the uncertainty of COVID-19, investors…
Private Equity: Warburg Pincus Gives Green Light to Deal for SOC Telemed
Telemedicine Poised for Growth. Leading acute care telemedicine provider SOC Telemed announced that it will partner with private equity firms Warburg Pincus and Shulman Ventures amid a fast-growing climate for the telemedicine space. Following this agreement, CEO Paul Ricci — also advisor of Warburg Pincus — will step down. SOC’s management team will consist of…
Private Equity: Covid-19 Ignites PE’s Dry Powder
Hundreds of Billions in New Capital Earmarked for Investments. Despite many businesses closing down due to the COVID-19 pandemic, private equity is taking advantage of new opportunities. The industry is looking to rebuild the economy and adapt to the New Normal in ways that are expected to enahance gains, inclding further investments in existing portfolio…
Private Equity: Healthcare Firm Edifecs Lands PE Deal
Private equity firms TA Associates and Francsico Partners announced that they will complete a deal with healthcare software company Edifecs. CEO of Edifecs Sunny Singh intends to lead the company through a transformation. The healthcare industry is quickly changing with the help of the technology sector. According to Singh, “Today’s healthcare industry is in a…
Private Equity in Focus: Retirement Plans Would Benefit From PE
SEC Chairman Clayton is an advocate. Private equity may soon become a part of retirement plans in America. Several Trump administration officials are in favor of allowing individual investors to invest in private equity through their 401(k) plans. SEC chairman Jay Clayton is one of these advocates. Officials contend that this move can expedite American…
Venture Capital Giant Sequoia Says World Awash With Capital
Anandan was speaking at a session of the Global Fintech Fest organised by the NPCI, Payments Council of India and Fintech Convergence Council. The Sequoia India Managing Director said that there was no scarcity of global capital for Indian companies notwithstanding the coronavirus epidemic and its bruising economic impact.
Nuveen Expanding Impact Investing Initiatives
The Impact Investing community is buzzing over Nuveen’s continued build out of its impact investing focus. Rekha Unnithan, who joined the firm in 2012 with the intention of investing in solving societal issues, says “Impact investing is now all of a sudden having its moment…It’s cool now and is getting a lot more attention. We…
Private Equity Eyes Cannabis Investments
Pandemic and Cannabis Stock Declines Create Opportunity. As a result of the COVID-19 global pandemic, investors are uncertain how their portfolios will evolve as we move further into 2020. With cannabis stocks having fallen in recent months, investors increasingly are looking to the cannabis industry as a potential source of dip-buying. According to managing director…
Private Equity: Youngkin Departs from Carlyle After 25 Years
In September, co-CEO Glenn Youngkin will step down from private equity giant The Carlyle Group. Kewsong Lee, Youngkin’s partner and co-CEO, will take the reins as sole Carlyle CEO. Co-founders of Carlyle, David Rubenstein and William Conway, appointed Youngkin and Lee as co-CEOs, which title Youngkin held since 2018 after being with the firm since…
Hedge Fund Industry Loses Early Torchbearer Arthur Samberg
Pequot Founder’s Legacy. Arthur Samberg, founder of Connecticut-based Pequot Capital Management, at one time one of the world’s leading funds, passed earlier this month after suffering from leukemia. Samberg led a long career in finance, and was moved into the spotlight following Pequot’s founding back in 1999. The firm was successful in its early days,…
Liquid Alternatives Rocket Higher as Australia Takes Off
Liquid Alts Show Strength Amid Global Pandemic. Liquid Alternative investments are rapidly growing in the United States and around the world. In one of the latest signs of global espousement of Liquid Alts, ARP Investments secured a partnership with Axius Partners, a Sydney based company, for broad-based distribution. Liquid alternative strategies are in high demand…
Private Equity: Morrison & Foerster Expresses High Activity in Private Equity Market
Private Equity: Morrison & Foerster Expresses High Activity in Private Equity Market Marcia Ellis, partner and co-head of Asia private equity investments at Morrison & Foerster, analyzes the market in the region for private equity. This is partly due to the control of the coronavirus when compared to other regions. Ellis prefaces her analysis by…
Liquid Alternatives Rocket Higher in Canada
Canada is New Liquid Alts Breeding Ground. The global Liquid Alternatives community is buzzing over Canada’s continued strong growth in Liquid Alts. On the heels of strong performance of liquid alternative funds amid the Covid-19 pandemic, CI Investments has surpassed $2 billion in Liquid Alt assets under management. The firm launched its CI Liquid Alternatives…
Liquid Alternatives Showing Their Strength Amid 2020’s Volatility
Wilshire Liquid Alternative Index Up in June. The Wilshire Liquid Alternative Index was up nearly 1% in June, continuing to show strength in navigating this year’s wild market ride. The Index is a benchmark for the performance of Liquid Alternative Funds. Longtime Wilshire Associates veteran, Jason Schwarz, said that “Markets rallied in the second quarter…
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…
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…
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.
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: KKR Teams with Dan Daniel to Catapult U.S. Industrial Business
KKR Pursues U.S. Industrial Sector Opportunities Global investment firm KKR has announced its partnership with executive William K. Daniel. Daniel is a former executive at Danaher Corporation — a global science and technology innovator. This partnership will focus on acquisitions in industrial businesses. In the long run, KKR hopes to grow businesses and improve their…
Hedge Funds: London-Based Hedge Fund to Retreat Following Losses
Sloane Robinson, a London-based Hedge Fund co-founded by George Robinson, is set to close by the end of this year. This decision was based primarily on a decline in the firm’s assets under management. The firm was also lacking in performance which was mainly due to volatile markets resulting from Covid-19. Sloane Robinson’s Global Frontier…
Private Equity: Global Alternertives Giant Apollo Moves Deeper Into Direct Lending
Apollo Global Management is planning a $12 billion direct lending and alternative credit fund. The firm will utilize these funds to provide $1 billion in loans to various companies. Abu Dhabi fund Mubadala backs this Investment along with other investors involved in the project. Direct lending will allow investors to invest in high-quality businesses and…