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HELPCENTER
15 May. 2024 Hong Kong-listed Wealthink AI-Innovation invests in Tide Capital's hedge fund [more]
Laxman Pai, Opalesque Asia: Hong Kong-listed company Wealthink AI-Innovation Capital Limited issued a statement on the Hong Kong Stock Exchange, declaring its strategic investment in Tide Capital's hedge fund. Wealthink AI-Innovation Capital Limited stated in the announcement that the inve
15 May. 2024 TrueBridge Capital Partners raises $1.6bn across five funds [more]
Bailey McCann, Opalesque New York: TrueBridge Capital Partners, a venture capital investment firm, has raised $1.6 billion in commitments across five investment vehicles focusing on venture funds and technology companies: TrueBridge Capital Partners Fund VIII, TrueBridge Seed & Micro-VC II, TrueB
15 May. 2024 SEC Administrative Proceeding against Hudson Valley Wealth Management and Christopher Conover [more]
Matthias Knab, Opalesque: An administrative proceeding has been conducted by the Securities and Exchange Commission (SEC) against Hudson Valley Wealth Management, Inc. (Hudson) and Christopher Conover. The proceeding was instituted pursuant to Sections 203(e), 203(f), and 203(k) of the Investment
14 May. 2024 Goodwin adds private investment funds partner [more]
Opalesque Industry Update - Global law firm Goodwin today announced that Alicja Biskupska-Haas joined the firm's Private Investment Funds practice as a partner, resident in the New York office. "Alicja brings a wealth of expertise across a spectrum of private equity-related matters, including fu
14 May. 2024 Smaller U.S. institutional investors outperform their larger counterparts in Q1 [more]
Laxman Pai, Opalesque Asia: U.S. institutional assets tracked by Wilshire Trust Universe Comparison Service (Wilshire TUCS) posted an all-plan median gross return of 4.02% for the first quarter and 11.89% for the 12-month sending on March 31, 2024. According to data from Wilshire Advisors, in
13 May. 2024 AI adoption in financial reporting processes to reach 99% in three years [more]
Laxman Pai, Opalesque Asia: Artificial intelligence (AI) is already being widely adopted in companies' financial reporting processes, with nearly three-quarters (72 percent) of businesses piloting or using it, and this is set to grow to almost universal levels (99 percent) over the next three yea
13 May. 2024 EnCap racks up $1.5bn for the second energy transition fund [more]
Laxman Pai, Opalesque Asia: EnCap Investments, a provider of growth capital to the independent sector of the U.S. energy industry, has raised $1.5bn (€1.4bn) for its second US energy transition fund. The amount raised for EnCap Energy Transition Fund (EETF) II at close manager exceeded th
10 May. 2024 CAIS to include Blackstone's alternative investment strategies on platform [more]
Opalesque Industry Update - CAIS, an alternative investment platform for independent financial advisors, announced that Blackstone, the world's largest alternative asset manager with over $1tln in AuM, has expanded CAIS Marketplace offerings with Blackstone's alternative investment strategie
10 May. 2024 Executives are bullish on generative AI use in finance and accounting despite low adoption rates [more]
Opalesque Industry Update - Could 2024 be the year that Generative artificial intelligence (AI) sees accelerated adoption within finance and accounting? According to a Deloitte Center for ControllershipTM poll, even though few executives (6.6%) say their organizations have already implemented
10 May. 2024 Avenue Capital Group amasses over $1bn for fifth Europe fund [more]
Laxman Pai, Opalesque Asia: American multinational investment firm Avenue Capital Group closed its latest fund - Avenue Europe Special Situations Fund V - with more than $1 billion as investor appetite for European lending strategies picks up. For its asset-backed lending opportunities-focused
10 May. 2024 TPG raises almost $8 billion for latest Asia funds [more]
Bailey McCann, Opalesque New York: Private equity firm TPG has raised has closed its eighth Asia focused private equity fund, TPG Asia VIII, as well as its first TPG Angelo Gordon Asian real estate funds, TPG AG Asia Realty Fund V and the TPG AG Japan Realty Value Fund. These are the first Gordon
09 May. 2024 Kapor Capital adds Boros as partner [more]
Opalesque Industry Update - Today Kapor Capital, one of the first impact-focused venture capital firms, announced Brandon Boros as its new Venture Partner. Joining current Managing Partners Brian Dixon and Ulili Onovakpuri, Boros will help lead the firm's day-to-day operations and portfolio mana
09 May. 2024 First Citizens Wealth launches new private investments capabilities [more]
Opalesque Industry Update - First Citizens Wealth today launched new enhancements to its Private Investments capabilities that enable qualified clients to invest in growth-oriented opportunities outside of the traditional public securities markets. These new private investments options, which ar
09 May. 2024 Hedge fund firms plan strategic investment and business shifts in response to geopolitical, economic factors [more]
Opalesque Industry Update - Insights from a survey of global hedge fund firms indicate geopolitical and economic factors may be behind a potentially significant shift in investment and business strategy. In anticipation of the 2024 U.S. presidential election, as well as the expected continuation of
09 May. 2024 Silver Lake racks up $20.5bn for biggest fund yet [more]
Laxman Pai, Opalesque Asia: Tech-focused global alternative manager Silver Lake held a final close on Silver Lake Partners VII (SLP VII) at $20.5 billion in capital commitments, exceeding its prior flagship fund. The technology investor raised approximately $20 billion for Silver Lake Partner
08 May. 2024 Financial industry plagued by ransomware attacks; 65% of organizations suffered ransomware damage in 2023 [more]
Opalesque Industry Update - Although the global number of ransomware attacks dropped by 36% to 317.6 million in 2023, the financial industry is still plagued by malicious software, which can significantly disrupt business operations and cause reputational and financial damage. According to data
08 May. 2024 Hedge funds advanced in April led by Macro strategies [more]
Opalesque Industry Update - Hedge funds advanced in April as equities declined, led by Macro strategies and the industry's largest funds, with the HFRI Macro Asset Weighted Index advancing +2.6 percent. Macro hedge funds extended their 1Q gains through April as financial markets pared 1Q advan
07 May. 2024 Canada's Brookfield invests $1.5bn for a majority stake in private credit manager Castlelake [more]
Laxman Pai, Opalesque Asia: Canada's Brookfield Asset Management has entered into agreement under which it will acquire a 51% stake in the fee-related earnings of Castlelake, an alternatives asset manager specializing in asset-based private credit including aviation and specialty finance.
06 May. 2024 US SEC charges auditor BF Borgers with fraud [more]
Opalesque Industry Update - The Securities and Exchange Commission charged audit firm BF Borgers CPA PC and its owner, Benjamin F. Borgers (together, "Respondents"), with deliberate and systemic failures to comply with Public Company Accounting Oversight Board (PCAOB) standards in its audits and rev
06 May. 2024 Asset management industry AUM rises by 12% in 2023 to $120tn, even as profits fall by 8.1% [more]
Laxman Pai, Opalesque Asia: The global asset management industry showed some signs of recovery in 2023, with total assets under management rising 12% year-over-year to nearly $120 trillion, revealed a study. According to research by Boston Consulting Group, the industry's revenues increased ju
03 May. 2024 LatAm investment bank BTG Pactual racks up $1bn for strategic capital investment strategy [more]
Laxman Pai, Opalesque Asia: BTG Pactual Asset Management, an opportunistic investment strategy focused on asset-oriented businesses of Latin American banking major BTG Pactual, has raised more than US$1bn for its opportunistic asset-focused fund strategy. The BTG Pactual Strategic Capital (S
02 May. 2024 AlTi Tiedemann Global announces new growth equity strategy with Hiro Tamura [more]
Opalesque Industry Update - AlTi Global (NASDAQ: ALTI), an independent global wealth manager with over $70 billion in combined assets, announced a new partnership with leading technology investor Hiro Tamura, formerly Managing Partner at Atomico, to collaborate on a new flagship growth equity strate
02 May. 2024 Asset managers prioritize quality and accuracy of their products [more]
Laxman Pai, Opalesque Asia: Investment managers are seeking to improve the quality and accuracy of their products, including funds, exchange-traded funds, and other offerings, to grow their distribution over the next two years, revealed a study. According to the survey of 300 global asset mana
01 May. 2024 BlackRock to launch Saudi SWF-backed new Riyadh investment platform [more]
Laxman Pai, Opalesque Asia: The world's largest asset manager BlackRock and Saudi Arabia's sovereign wealth fund (SWF) Public Investment Fund (PIF) have agreed to establish a new multi-asset investment firm based in the Saudi capital Riyadh. The new entity, BlackRock Riyadh Investment
01 May. 2024 Korea's Financial Services Commission to invest in climate related venture capital [more]
Bailey McCann, Opalesque New York: Korea has established the Future Energy Fund, which will invest in venture capital for the expansion of renewable energy facilities, including offshore wind power. Alongside the new fund, the FSC plans to invest a total amount of KRW9 trillion in the climate
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