Investor fund – MS Coursing http://mscoursing.com/ Sun, 10 Oct 2021 17:03:29 +0000 en-US hourly 1 https://wordpress.org/?v=5.8 https://mscoursing.com/wp-content/uploads/2021/07/icon-150x150.png Investor fund – MS Coursing http://mscoursing.com/ 32 32 U.S. stock selection fund beats all odds https://mscoursing.com/u-s-stock-selection-fund-beats-all-odds/ https://mscoursing.com/u-s-stock-selection-fund-beats-all-odds/#respond Sun, 10 Oct 2021 15:26:28 +0000 https://mscoursing.com/u-s-stock-selection-fund-beats-all-odds/ BG, Opalesque Geneva: The objective of the active manager is to outperform the overall market. Not all did so in 2020 when the S&P 500 ended the year up over 18%. 2020 has been tumultuous for the financial markets. The torrent of liquidity lowered interest rates and pushed up asset prices almost everywhere investors looked. […]]]>

BG, Opalesque Geneva:

The objective of the active manager is to outperform the overall market. Not all did so in 2020 when the S&P 500 ended the year up over 18%.

2020 has been tumultuous for the financial markets. The torrent of liquidity lowered interest rates and pushed up asset prices almost everywhere investors looked. According to the S&P Dow Jones SPIVA® US Scorecard, a semi-annual research series that compares fund managers active in the United States against their benchmarks, the positive market performance has largely translated into good absolute returns for investors. active fund managers. But while the turmoil and disruption caused by the pandemic should have provided plenty of opportunities to outperform, 60% of large-cap equity funds have lagged the S&P 500. 45% of small-cap funds have underperformed. outperformed the S&P SmallCap 600. And nearly 51% of mid cap funds underperformed the S&P MidCap 400.

The main active management strategy is security selection. A US-based investment firm that selects stocks, Pinnacle Associates, was among the best benchmarks in 2020. Pinnacle Associates International Small Cap, LP returned + 37%, according to documentation seen by Opalesque. PIPEs (private investment in public capital) then contributed a quarter of the performance. The fund was up 65% (gross) since August 31, 2021. It has annualized 9% since February 2000 and in the first quarter of 2019, the strategy ranked among the top ten players in its universe.

It is managed by Randy Baron, who has 25 years of investment experience and joined Pinnacle in 2012 and is responsible for all of the company’s global strategies. He is also responsible for its turnaround strategy, which subscribes to the thesis that high quality companies sometimes fall temporarily out of favor. In the second quarter of 2020, it was ranked the world’s No. 1 manager among international small-cap funds.

Baron will participate in the Small Managers BIG ALPHA Episode 4 webinar on October 21.

Pinnacle Associates was founded in 1984 and is an employee-owned RIA with approximately $ 7.6 billion in assets under management. The company has traditionally focused on fundamental and bottom-up stock selection, with particular emphasis on the small / mid-cap space. He does not short, hedge and does not use derivatives.

The International Small Cap strategy exemplifies these principles, as the management team identifies potential investments in publicly traded stocks anywhere in the world with an initial market capitalization of less than $ 5 billion.

“We are trying to identify companies or industries that have the potential to be disruptors and establish market dominance in their respective fields,” Pinnacle director John D. Black told Opalesque. “The team searches for potential investment ideas through a wide range of media and industry contacts, then spends a lot of time (over months or years) learning about corporate finances and most importantly again, with the management team. ”

Managers believe they invest so much effort up front to find companies with superior financial standing, a talented and ethical management team and some kind of “catalyst” to fuel future growth that they the long-term risk of significant capital degradation is negligible; while the potential for exponential returns is significant.

While this approach can lead to short-term volatility, Pinnacle is a long-term investor with a typical 3 to 5 year holding period and, since they know the benchmarks but are not constrained, they are willing to accept short-term volatility in exchange for long-term growth.

“As we search for ideas around the world,” he adds, “we tend to focus on countries / geographies that offer strong financial accounting standards as well as a cultural background that allows us to familiarize ourselves with the risk profile of any potential investment (for example, we are significantly underweight in Asia due to the difficulty of obtaining GAAP-compliant financial statements in many of these markets, as well than the inaccessibility of company management). ”

A stock pick is when an analyst or investor uses some form of systematic analysis to conclude that a particular stock will make a good investment and, therefore, should be added to their portfolio. This is also called active management. The position can be long or short and will depend on the outlook of the analyst or investor for the stock price in question.

Next webinar:

Small Managers – BIG ALPHA Episode 4
When: Thursday, October 21 at 10:30 a.m.ET
Free registration: www.opalesque.com/webinar/

With larger amounts of capital pursuing the same Alpha strategies and continuing to erode the Alpha, savvy investors are turning to smaller and / or emerging managers as they seek other sources of return.

We are proud to present Episode 4 of this groundbreaking webinar series featuring the following carefully selected panel of investment managers:
– Heeten Dosch, Doshi Capital Management
– Craig Reeves, Prestige Fund
– Randy Baron, Pinnacle Associates
– Andreas Schweitzer, Arjan Capital


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SEC launches boost to U.S. investors with ‘lite’ bitcoin stock ETFs https://mscoursing.com/sec-launches-boost-to-u-s-investors-with-lite-bitcoin-stock-etfs/ https://mscoursing.com/sec-launches-boost-to-u-s-investors-with-lite-bitcoin-stock-etfs/#respond Sat, 09 Oct 2021 16:30:16 +0000 https://mscoursing.com/sec-launches-boost-to-u-s-investors-with-lite-bitcoin-stock-etfs/ Interested in ETFs? Visit our ETF Hub for investor insights and insights, market updates and analysis, and easy-to-use tools to help you select the right ETFs. Two “lite” bitcoin stock ETFs have started trading in the United States and a third has been approved by the Securities and Exchange Commission as the regulator calls for […]]]>

Interested in ETFs?

Visit our ETF Hub for investor insights and insights, market updates and analysis, and easy-to-use tools to help you select the right ETFs.

Two “lite” bitcoin stock ETFs have started trading in the United States and a third has been approved by the Securities and Exchange Commission as the regulator calls for investors to call for a genuine bitcoin ETF.

The SEC has so far refused to approve any exchange-traded fund that invests in the cryptocurrency itself, although many asset managers have requested to do so and similar vehicles are already operational in Sweden. , Switzerland, Jersey, Germany and Canada.

There is growing speculation that it will approve one or more bitcoin futures ETFs following encouraging comments from Gary Gensler, chairman of the SEC. However, this is unlikely to be imminent, as the regulator has pushed back by 45 days the deadlines for its decisions on a quartet of futures ETFs, offered by Global X, Valkyrie, WisdomTree and Kryptoin, with the deadline for the former now set. . 21 November.

The Grayscale Bitcoin Trust, a private trust, has reached $ 35 billion since its launch in 2013, indicating the appetite for cryptocurrency in the United States.

Net flows across all cryptocurrency funds hit a four-year high of more than $ 2.5 billion last week, according to EPFR, a data provider.

Invesco attempted to partially fill the ETF void by launching the Invesco Alerian Galaxy Crypto Economy ETF (SATO – in homage to Satoshi Nakamoto, the mysterious computer programmer who created bitcoin) and Invesco Alerian Galaxy Blockchain Users and Decentralized Commerce ETF (BLKC), both of which started trading this week.

The funds invest at least 80% of their assets in companies that are “materially” engaged in activities such as cryptocurrency mining, trading and infrastructure, as well as in private OTC investment funds. free of charge related to crypto. BLKC also owns companies involved in blockchain development.

The PowerShares Cayman Fund is by far the larger of the two, followed by Bigg Digital Assets, which develops software to track, trace and monitor cryptocurrency transactions.

The SEC gave the green light to a third crypto equity ETF this week, the Volt Crypto Industry Revolution and Tech ETF (BTCR), which will invest in “entities that either hold the majority of their net assets in bitcoin or derive the majority. of their income. bitcoin mining, lending or transaction ”.

The funds are following in the footsteps of VanEck Digital Transformation ETF (DAPP) and Bitwise Crypto Industry Innovators (BITQ), which invest in stocks related to digital assets – like MicroStrategy, a software company that says it holds $ 5 billion in bitcoin on its balance sheet, and Coinbase, a cryptocurrency exchange – and the Amplify Transformational Data Sharing (BLOK) ETF, which owns a portfolio of companies involved in the development and use of blockchain technologies.

Todd Rosenbluth, head of ETF and mutual fund research at CFRA Research, believes some of the new vehicles have merit.

“In the longer term, as cryptocurrency becomes more widely used, there is an ecosystem of businesses that can benefit from it,” he said.

“It is still very early for bitcoin and blockchain technologies. There is a future for these companies, but since this is still an early stage investment, it is not clear who will be the winners and the losers. A diversified ETF is therefore a great way to gain exposure to the trend as opposed to individual stocks.

The latest approvals come despite considerable concern within the SEC over the infrastructure that underpins the crypto market.

On Tuesday, Gensler described crypto finance as the “Wild West or the old world of ‘buyer beware'” that existed before the passage of securities laws.

“This asset class is rife with frauds, scams and abuse in certain applications. We can do better, ”he told the House Financial Services Committee.

The comments reflected a broader pullback by the SEC against riskier ETFs, with Gensler warning earlier in the week that leveraged funds pose a risk to financial market stability, as he called for enforcement. stricter rules for these complex vehicles.

Click here to visit the ETF hub


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Investing in Mutual Funds: Are You Making These Mistakes When Investing in Mutual Funds? https://mscoursing.com/investing-in-mutual-funds-are-you-making-these-mistakes-when-investing-in-mutual-funds/ https://mscoursing.com/investing-in-mutual-funds-are-you-making-these-mistakes-when-investing-in-mutual-funds/#respond Thu, 07 Oct 2021 07:24:00 +0000 https://mscoursing.com/investing-in-mutual-funds-are-you-making-these-mistakes-when-investing-in-mutual-funds/ To avoid barriers to their wealth creation, in the long run, an investor should conduct a periodic review of all of his or her mutual funds. According to industry reports, the mutual fund industry is growing very rapidly and thousands of new systematic investment plan (SIP) accounts are opened by investors every month. One of […]]]>
To avoid barriers to their wealth creation, in the long run, an investor should conduct a periodic review of all of his or her mutual funds.

According to industry reports, the mutual fund industry is growing very rapidly and thousands of new systematic investment plan (SIP) accounts are opened by investors every month. One of the reasons for investing in mutual funds is the opportunity to earn through the power of compounding. However, experts say, even though mutual fund investments are on the rise, most people are unaware of the common mistakes they make when investing in mutual funds.

Here are some common mistakes that mutual fund investors should be aware of:

* Over-diversification – Going for many schemes is one of the most common mistakes investors make in the name of diversification. It is important to diversify a portfolio while investing in mutual funds. However, adding too many diets is not the right way to go. Experts say having too many programs in a portfolio only increases the burden of monitoring them.

Ideally, only invest in a few programs that provide exposure to the entire market. You could build a portfolio of 2-3 well-managed programs, which will also be easier to follow.

* Speculate and time the market – To maximize returns, some investors sell their investments when the markets are high, but this isn’t always the case – only a few are lucky. Chances are, it won’t work for you.

Experts say one of the biggest mistakes investors make, especially new investors, is trying to time the market. The right approach to investing in mutual funds is to invest in them at regular intervals, through systematic investment plans (SIPs). With SIP, the investment also has the opportunity to grow over the tenure in a disciplined manner.

* Focus on asset allocation – Asset allocation is necessary when investing, as investors need to determine the proportion in which to invest in different asset classes. However, asset allocation depends on certain determinants such as financial goals, years remaining before maturity, risk appetite, etc. gold and real estate, among others.

* Put all the money in one place – Investing in mutual funds becomes tricky if you invest all your money in one place. Therefore, investing a large amount of money in one place is not a good idea. Take a phased approach to invest in the right direction, while avoiding exposure to timing risks.

* Ignore the risk profile – We are all driven by the fear of missing out. Likewise, in a bull market, investors ignore their risk profile and under peer pressure invest in risky avenues. However, this is one of the biggest mistakes. Industry experts say that while one is saving for a goal, he / she should stick to it.

* Do not review the portfolio – It is generally suggested that an investor monitor the performance of their investments at regular intervals, i.e. at least once or twice a year, but most of us don’t.

To avoid barriers to their wealth creation, in the long run, an investor should conduct a periodic review of all of his or her mutual funds. This will help them to know the underperforming funds in their portfolio, so that they can get rid of them in time.

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Commonstock aims to verify YOLO transactions and receives new round of funding https://mscoursing.com/commonstock-aims-to-verify-yolo-transactions-and-receives-new-round-of-funding/ https://mscoursing.com/commonstock-aims-to-verify-yolo-transactions-and-receives-new-round-of-funding/#respond Tue, 05 Oct 2021 13:31:06 +0000 https://mscoursing.com/commonstock-aims-to-verify-yolo-transactions-and-receives-new-round-of-funding/ David McDonough, Founder and CEO of Commonstock Ordinary actions A new social network is betting that enthusiastic retail marketers are here to stay and want more transparency than what’s offered on Reddit. Commonstock is a social media platform for talking about trades and financial markets. It features a Twitter-like news feed, with users ranking and […]]]>

David McDonough, Founder and CEO of Commonstock

Ordinary actions

A new social network is betting that enthusiastic retail marketers are here to stay and want more transparency than what’s offered on Reddit.

Commonstock is a social media platform for talking about trades and financial markets. It features a Twitter-like news feed, with users ranking and commenting on investment strategies. But unlike Reddit’s popular WallStreetBets forum, it’s not anonymous. Traders should log into brokerage accounts in order to verify that the investments they post are for real.

“The ability for anyone to prove they own Tesla or Peloton as a percentage, and show their skin in the game, eliminates a lot of scammers who might say they had a 1000% return,” the CEO said. and Commonstock founder David McDonough at CNBC in an interview. “There is no lie about it – you can see someone’s performance in real time.”

The San Francisco-based startup on Tuesday announced a $ 25 million Series A funding round, led by Coatue with QED, Floodgate, Upside Ventures and others. He did not disclose an assessment. Hedge fund managers Bill Ackman, Dan Loeb and Stanley Druckenmiller are also among Commonstock’s early strategic investors.

The company uses software known as an API to allow traders to connect to Fidelity, Robinhood, E-Trade, and other brokerage accounts. Profiles show a user’s choice of actions and performance. Instead of the total number of followers, the feed shows the total dollar amount of people following someone.

The platform officially launched in August 2020, a few months before the stock market went viral. In late January 2021, a group of retail traders came together on social media to buy GameStop and inflict pain on hedge funds betting against it. McDonough, who left Google in 2017 to launch Commonstock, said there was an immediate boost for users of the meme-stock saga. The customer base was doubling month by month without marketing, he said.

The Roaring Kitty effect

GameStop aside, the last few years have brought a renaissance in retail stock trading. An estimated 10 million new traders have entered the market this year alone, keeping pace with last year’s record, according to JMP Securities. The ubiquity of zero commissions, split trades and the availability of stimulus checks, combined with people looking for new entertainment during the pandemic, have helped fuel a new interest in investing.

“It sounds counterintuitive, but Roaring Kitty, AMC, and GME have probably done more to educate a generation of people than any finance textbook and course before,” McDonough said. “Investing is now interesting and part of the social debate. “

Some of that frenzy has already faded, with retail trade volume declining from January’s high. Still, McDonough said the platform is experiencing high levels of engagement and “stickiness.” Commonstock users who may have been drawn to GameStop’s entertainment kept their money in the markets, according to McDonough. For the most part, he said young traders don’t place “YOLO” or “you only live once” bets. Their investments tend to follow the adage of Fidelity fund manager Peter Lynch that “invest in what you know”.

It’s often internet culture and the actions of memes, or brands like Peloton or Nike, and Tesla.

“They know that when Elon Musk tweets, it’s going to get a lot of attention on Tesla, or they love their Peloton bike so they’ll buy a share of Peloton – when you have 10 million more people doing that, it creates a new one. purchasing power in the market which can cause prices to vary, ”McDonough said.

Commonstock Social Media Interface

Ordinary actions

Frank Rotman, co-founder and partner of QED Investors, was one of Commonstock’s first funders. Having “all signal, no noise” social media led them to double down in Series A, he said.

“On Reddit, everyone is ready to raise their hand and show you what to trade, but you don’t know who these people are and why they are giving you the information that they are,” Rotman said. “It’s about exchanges between friends and memes, and it’s not about stocks or the companies themselves.”

Commonstock has yet to start monetizing. McDonough said he plans to follow Facebook, Twitter, Snapchat’s playbook to build network and user engagement, and make money on the go.

Eventually, McDonough said Commonstock would consider a subscription service, advanced features, and data aggregation and anonymization. But he said they would never sell data to hedge funds or other third parties, and instead plan to offer that data as a resource to retail traders.


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New local investment fund makes its first investment in NM https://mscoursing.com/new-local-investment-fund-makes-its-first-investment-in-nm/ https://mscoursing.com/new-local-investment-fund-makes-its-first-investment-in-nm/#respond Mon, 04 Oct 2021 23:07:44 +0000 https://mscoursing.com/new-local-investment-fund-makes-its-first-investment-in-nm/ A screenshot of Champria’s Twitch page from a recent series of exhibition matches called Champria Challenge. The New Mexico-based esports company recently received a cash injection from the new venture capital investment platform GOS Capital. (Courtesy of Champria) New Mexico’s newest venture capital investment platform, GOS Capital, closed its first engagement to a local startup […]]]>
A screenshot of Champria’s Twitch page from a recent series of exhibition matches called Champria Challenge. The New Mexico-based esports company recently received a cash injection from the new venture capital investment platform GOS Capital. (Courtesy of Champria)

New Mexico’s newest venture capital investment platform, GOS Capital, closed its first engagement to a local startup on October 1, injecting $ 27,000 into esports firm Champria.

Scott goodman

While small, this first investment is one of five deals GOS Capital expects to close with local startups this fall, with up to $ 150,000 in start-up commitments by the end of the year. year, said Scott Goodman, Managing Partner of GOS.

The investment platform, which Goodman started organizing in 2019, starts small by design, allowing GOS to gain experience before raising a formal venture capital fund next year. For now, Goodman pools the commitments of individual investors for each new transaction, with five people contributing funds for the Champria investment.

“We focus on start-ups, primarily at the seed stage,” Goodman told the Journal. “We’re going to get a second deal in the next two weeks, probably for around $ 35,000. I expect a few more investors to join with each new trade, allowing investment levels to rise. “

Goodman, 28, has accumulated significant experience since 2015 as Vice President and Head of Acquisitions at Goodman Realty Group, a family business where he researches deals, leads due diligence and generates debt and equity.

After joining the New Mexico Angels investment group a few years ago, Goodman launched GOS to inject more capital into local startups, with nearly two dozen affiliate investors now participating in transactions on a case-by-case basis.

GOS is, for now, a minority contributor in transactions conducted by venture capital funds and other investors. But Goodman hopes to make him a top investor in the future.

“There aren’t a lot of local investors willing to take the lead right now,” Goodman said. “I want to position future GOS funds to fill this void. It can help the New Mexico startup community a lot.

Indeed, GOS is a minor participant in Champria, which has raised over $ 500,000 to date, including an investment from the Arrowhead Investment Fund at New Mexico State University.

The esports platform launched earlier this year, providing the amateur video game community with an automated place to recruit players, organize teams, and stage matches. Data analysis allows users to track and evaluate performance, said founder and CEO Zeke Chavez.

“It provides a centralized location for amateur-level teams to come together, view data, grow and improve,” Chavez told the Journal. “We have played over 8,000 games so far, with at least 20,000 players.”

The platform is currently free to use, allowing Champria to grow ahead of launching a subscription model next year, Chavez said.

Globally, esports revenue topped $ 1 billion in 2019. This year it attracted nearly 27 million monthly viewers, according to Insider Intelligence.

Goodman said he believes in the future of esports.

“That’s why I made Champria the first investment for GOS,” said Goodman. “I think he’s going to get very tall.”


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SoftBank concludes more contracts with fewer staff than ever https://mscoursing.com/softbank-concludes-more-contracts-with-fewer-staff-than-ever/ https://mscoursing.com/softbank-concludes-more-contracts-with-fewer-staff-than-ever/#respond Mon, 04 Oct 2021 02:27:33 +0000 https://mscoursing.com/softbank-concludes-more-contracts-with-fewer-staff-than-ever/ Masayoshi Son has significantly increased the pace of its investments in its startups this year, quintuple the number of companies in its Vision Fund 2 portfolio in less than nine months. The founder of SoftBank Group Corp. closed 115 deals this year, according to Bloomberg calculations based on data released by the company. This is […]]]>

Masayoshi Son has significantly increased the pace of its investments in its startups this year, quintuple the number of companies in its Vision Fund 2 portfolio in less than nine months.

The founder of SoftBank Group Corp. closed 115 deals this year, according to Bloomberg calculations based on data released by the company. This is more than the combined number of deals made by the first Vision Fund since its launch in 2017, showing that Son remains confident in his ability to invest despite mistakes with office-sharing service WeWork and financier Greensill.

The faster pace of deal making is sure to raise questions about whether His risks similar missteps, especially as a string of high-profile departures is wearing out the best talent at the Vision Fund. Seven managing partners have left since March of last year, and last week Deep Nishar, the only senior managing partner and principal authority on AI, said he would be leaving by the end of the year. .

“Vision Fund’s track record wasn’t great initially, and now they’re doing more with fewer people,” said Amir Anvarzadeh, senior strategist at Asymmetric Advisors, who recommends short selling SoftBank shares. “The potential failure rates are bound to be higher, but you can imagine Son just being cautious and playing the percentages.”

The total workforce at SoftBank Investment Advisers, which oversees the two Vision funds, has grown from around 500 people at the start of last year to around 400 now, according to a person familiar with the matter. Several older people who left became frustrated with Son’s dominant influence, which left them with little real authority, people familiar with the matter said. The Vision Fund’s compensation structure also caused tensions, with executives being limited in their ability to capitalize on the successful startups they presented to Son, people said.

A spokesperson for the Vision Fund declined to comment on the story.

Staff cuts last year focused on reducing Vision Fund’s support and back-office staff, according to another person familiar with the matter. The organization has also hired three managing partners since last March and has added 40 more investors since early April for a total of 145, the person said, asking not to be identified as the details are private.

SoftBank is stepping up its investments just as venture capital activity is reaching its peak. Funding for startups hit a world record of $ 156 billion in the second quarter, according to CB Insights. Son, meanwhile, increased the amount allocated to Vision Fund 2 from $ 10 billion at the start of the year to $ 40 billion in June. The billionaire also plans to invest up to $ 2.6 billion of his own money in the fund.

“One concern is that there is a lot of competition from other investors and valuations are already feeling inflated, which means lower returns for SoftBank down the road,” said Kirk Boodry, analyst at Redex. Research in Tokyo. “Another concern relates to their decision-making process. When you invest in 30 or 40 companies in such a short time frame, due diligence is bound to suffer. “

SoftBank is accelerating in part because of growing competition from venture capital firms, one of the people said. The company was taking up to a month to make investment decisions, hiring large consulting firms like McKinsey & Co., Bain & Co., and Boston Consulting Group Inc. to help with due diligence, the person said.

SoftBank now has a maximum of two weeks and generally does less due diligence, reflecting the smaller transaction size. The founders repeatedly requested a response the next day, prompting SoftBank to call an emergency meeting of its investment committee, the person said.

Its made much smaller bets on a particular company. Vision Fund 2’s average funding round is around $ 330 million, or about half the average investment size of the First Vision Fund, according to Bloomberg calculations based on data from Crunchbase.

The first fund’s transactions have often reached billions – over $ 10 billion in Didi Chuxing, $ 7.7 billion in Uber Technologies Inc. and $ 4.4 billion in WeWork. Vision Fund 2 has only made three investments of over $ 1 billion, including a $ 1.3 billion bet on Chinese company KE Holdings Inc., which operates online real estate service Beike.

In addition to the two Vision funds, SoftBank has set up a $ 5 billion Latin American fund that has invested in 48 companies since its inception in March 2019. Its earlier this month increased dedicated capital for the region of an additional $ 3 billion.

During the last earnings briefing in August, Son said SoftBank’s portfolio totaled more than 300 companies in the three different funds. The investment strategy remains the same, he said, supporting startups that rely on artificial intelligence to disrupt traditional businesses.

“I sincerely believe that AI will revolutionize all industries,” Son said at an earnings briefing in August. “As an investor in this revolutionary space over the past four years, we are in full swing. “

SoftBank began strengthening its Vision Fund staff when Son planned to raise a massive new fund every few years. It was originally intended to raise $ 108 billion for Vision Fund 2 from outside investors, including Apple Inc. and Microsoft Corp. Those plans fell apart after WeWork’s collapse in late 2019.

Vision Fund 2 is still by far the largest actively investing venture capital entity in the world. The fund had already spent $ 19.5 billion at the end of June, or about half of its allocated capital. That’s more than the $ 19.2 billion Sequoia Capital raised in more than 30 different funds and $ 18.2 billion among Andreessen Horowitz’s 20 funds, according to data from Crunchbase. Tiger Global Management, the closest rival, has raised a total of $ 23.4 billion from 8 funds.

While the first fund had a strong focus on carpooling and office sharing, Vision Fund 2 supported a wider range of businesses. In its portfolio of private companies, mainstream startups accounted for 22% of its investments at the end of June, with the business and logistics segments receiving around 20% each. Fintech, which hardly caught the attention of VF1, held a 16% stake.

“It’s hard to imagine that Masa’s methodology has changed so much. And his affinity for entrepreneurs is something that has always worried investors, ”said Bodry. “The hope is that the Vision Fund is more seasoned now and can get through it.”

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Dallas radio host accused of SEC fraud over using oil and gas funds for club memberships and loans https://mscoursing.com/dallas-radio-host-accused-of-sec-fraud-over-using-oil-and-gas-funds-for-club-memberships-and-loans/ https://mscoursing.com/dallas-radio-host-accused-of-sec-fraud-over-using-oil-and-gas-funds-for-club-memberships-and-loans/#respond Fri, 01 Oct 2021 22:28:05 +0000 https://mscoursing.com/dallas-radio-host-accused-of-sec-fraud-over-using-oil-and-gas-funds-for-club-memberships-and-loans/ A licensed petroleum engineer in Dallas used a radio show to lure investors into a fraudulent oil and gas investment opportunity, according to a complaint filed by the United States Securities and Exchange Commission this week. Mark Plummer touted the benefits of oil and gas investments on his radio show, “Smart Oil and Gas,” on […]]]>

A licensed petroleum engineer in Dallas used a radio show to lure investors into a fraudulent oil and gas investment opportunity, according to a complaint filed by the United States Securities and Exchange Commission this week.

Mark Plummer touted the benefits of oil and gas investments on his radio show, “Smart Oil and Gas,” on KRLD, and encouraged listeners to call for more information. When they did, they were routed to Petroleum Resources of Texas, a company that secretly worked with Plummer, according to the complaint.

He encouraged people to invest with Petroleum Resources of Texas without revealing that it was owned by its former seller, Mike Barrera, and that he was involved, according to the complaint filed Thursday.

Barrera was also not a registered broker, but he did solicit and sell securities, according to the complaint.

The company raised more than $ 7 million from more than 70 investors from 2018 to 2020 for two oil and gas well projects, according to the complaint. The money was diverted to Plummer through his latest company, Richmond Engineering Inc., he said.

According to the complaint, Plummer then used the funds to pay for club memberships, student loans, personal credit card debt, and car and mortgage payments.

Barrera, his business partner, has also used funds inappropriately, he said.

“Barrera has embezzled and embezzled investor funds, especially to pay for his lavish lifestyle,” the complaint reads.

Barrera also told investors his company will run well projects when Plummer actually does, according to the complaint. Three other people – Todd Prince, George Rauch and Todd Stuart Breitling – are also listed in the complaint as having participated in the fraud.

Plummer’s attorney, Kit Addleman, a partner in Haynes and Boone’s Dallas and Fort Worth offices, did not immediately return a request for comment. Barrera does not have a lawyer.

Plummer started the new company because his former company, Texas E&P Partners Inc., was accused of embezzling investor funds in a similar fashion, according to charges filed by the SEC in June 2019.

Texas E&P raised $ 6.1 million from 2015 to 2017, and Plummer spent nearly $ 400,000 on personal use or improper business expenses, including entertainment, travel, retail and business expenses. income taxes, according to the charges.

He agreed to pay more than $ 500,000 to settle the charges, according to the SEC.

Barrera was indicted in June 2014 with a second degree felony of aggravated assault with a deadly weapon and then pleaded nolo pretendere, meaning he suffered the consequences of a guilty plea without admitting his guilt, according to the SEC complaint.

With repeat offenders, questions arise as to whether the punishment is severe enough. But the SEC is a civil investigative agency that is limited in what it can do, including not being able to put people in jail, SEC regional director David Peavler said. And for some, no punishment will deter them, he said.

“Some people are criminals with the mentality of taking people’s money,” he said.

Barrera’s company has stopped asking for the money, so the SEC is not seeking a temporary restraining order, Peavler said. Instead, he will ask that the defendants no longer be allowed to offer oil and gas titles.

Recoveries – if applicable – for investors are impossible to predict, Peavler said. In cases like these, the “bad guys” often spend the money on personal expenses and by the time the SEC is involved, there isn’t much left to give back to the victims, he said.

“Bad guys are good at spending money. They are fraudsters. They don’t put money into a 401 (k) or a mutual fund, ”he said.

While it is possible to seize property to recover some of the money for investors who have been defrauded, the problem is finding something of value to seize, Peavler said. Scammers often buy expensive homes that are mostly mortgaged and rent expensive cars, he said.

When the SEC gets involved, it finds that someone else is entitled to these assets, such as a car leasing or mortgage company.

In the oil and gas business, scammers often work on a bad well that has little or no potential, so it also can’t be sold for much, he said.

Avoiding fraudulent investment opportunities can be as simple as checking whether the company is registered with the SEC, Peavler said.

“Scammers rely on people who don’t do their homework,” he said. “The more research done in advance, the less likely someone is to give their money to a stranger for a scam.”

Unfortunately, there will always be bad actors, so people have to learn to do their own research, Peavler said.

“I wish I could say that someday, somewhere, these types of cases will go away, but they won’t,” he said.


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Gluskin Sheff expands its alternative investment offering with https://mscoursing.com/gluskin-sheff-expands-its-alternative-investment-offering-with/ https://mscoursing.com/gluskin-sheff-expands-its-alternative-investment-offering-with/#respond Fri, 01 Oct 2021 13:00:00 +0000 https://mscoursing.com/gluskin-sheff-expands-its-alternative-investment-offering-with/ TORONTO, Oct. 01, 2021 (GLOBE NEWSWIRE) – Gluskin Sheff + Associates Inc. (“Gluskin Sheff”), the wealth management platform of Onex Corporation (“Onex”) (TSX: ONEX), announced today hui the launch of the Onex Falcon Direct Lending Fund * (“the Fund”), a differentiated credit offering focused on capital preservation and downside protection through investments in senior secured […]]]>

TORONTO, Oct. 01, 2021 (GLOBE NEWSWIRE) – Gluskin Sheff + Associates Inc. (“Gluskin Sheff”), the wealth management platform of Onex Corporation (“Onex”) (TSX: ONEX), announced today hui the launch of the Onex Falcon Direct Lending Fund * (“the Fund”), a differentiated credit offering focused on capital preservation and downside protection through investments in senior secured loans issued directly.1 This new offer gives Canadian accredited individual investors access to an asset class favored by institutions and family offices.

The Fund will invest in high value senior secured private loans to lower middle market companies in North America, as well as selectively in European and non-North American companies. The Fund aims to offer a return of 9 to 10%2 net return including an expected cash distribution of 8%3 paid quarterly.

“As investor needs continue to evolve, we are proud to be a part of Onex, which allows us to offer Gluskin Sheff clients access to creative and unique alternative investment solutions,” a said Jeff Moody, President and CEO of Gluskin Sheff. “Backed by an industry leader with a history of long-term success in this area, the Onex Falcon Direct Lending Fund offers our clients an attractive alternative offering to help them further diversify their portfolios, which is particularly attractive in the current environment of low interest rates. . “

The manager of the Fund, Onex Falcon, is led by a team of over 30 investment professionals and has a history of over 20 years. The Fund’s approach combines creative and flexible investment structures with the advantage of the broad sourcing of transactions from the Onex platform.

“Our team has a long history of creating value for our investors, with a focus on preserving capital and achieving strong risk-adjusted returns throughout credit cycles,” said Eric Rogoff, Managing Director and Area Manager for Onex Falcon. “We are determined and proud of our accomplishments in delivering results suitable for investors seeking to improve the returns of their portfolios in the alternative credit market. “

The Fund’s accredited investors can benefit from:

  • quarterly subscriptions
  • regular income distributions, if desired
  • diversification from investments in public markets

Based in the United States and acquired by Onex in December 2020, Onex Falcon is a private credit asset manager with more than two decades of experience providing specialized solutions to borrowing clients primarily in the United States and Canada.

Accredited investors wishing to learn more about the Fund or other offerings from Gluskin Sheff are invited to visit: www.gluskinsheff.com.

About Gluskin Sheff:

Since 1984, Gluskin Sheff has served the wealth management needs of high net worth individuals, families and institutions in Canada and the United States through unwavering attention to customer service coupled with exclusive investment solutions, including equities. public, fixed income and credit alternatives and private placements. credit. Toronto-based Gluskin Sheff manages approximately $ 8 billion in assets (as of June 30, 2021) and was acquired by Onex in 2019. For more information on Gluskin Sheff, please visit: www.gluskinsheff.com.

For more information:

Leah Commisso, Director, Corporate Communications

Phone. : 437-533-4457

Email: lcommisso@gluskinsheff.com


* The Fund is organized as an unincorporated open-ended investment trust.
1 Only “qualified investors” (within the meaning of Canadian securities laws) who are sophisticated investors may subscribe for units of the Fund. Prospective investors are advised to read the Fund’s offering memorandum before subscribing for units of the Fund.
2 For the quarters immediately following the fund’s launch, performance may fall below target levels as the Onex Falcon Direct Lending Fund ramps up. The net IRR reflects the gross IRR of all limited partners not affiliated with the general partner investing at the initial closing of each fund, less management fees, deferred interest and other expenses. The return targets are presented for comparison purposes only and as a guide to help potential investors assess the investment strategy of an investment vehicle and its implied risk / reward ratio. Targeted returns are subjective determinations made by Onex Falcon based on a variety of factors that Onex Falcon considers relevant, such as the historical performance of an investment vehicle’s anticipated investments, the past performance of vehicles and of similar strategies, measures of volatility, risk tolerance, leverage and the market. conditions. Target returns do not reflect actual past performance or a guarantee of future performance. There can be no assurance that the performance objective will be met or achieved over any particular time horizon. Potential investors are encouraged to exercise due diligence and ask questions about understanding the risks / rewards associated with investing in the Fund before purchasing units of the Fund.
3 Cash distributions may fall below target levels. Targeted cash distributions do not reflect actual past performance or a guarantee of future performance. There can be no assurance that the target cash distributions will be achieved, or achieved over any particular time horizon. Potential investors are encouraged to do due diligence and ask questions to understand the risks / rewards associated with investing in any strategy. Distributions from the Fund will be automatically reinvested; however, clients can choose to receive their distributions in cash.


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Activist investor Elliott holds “significant” stake in Toshiba according to review https://mscoursing.com/activist-investor-elliott-holds-significant-stake-in-toshiba-according-to-review/ https://mscoursing.com/activist-investor-elliott-holds-significant-stake-in-toshiba-according-to-review/#respond Thu, 30 Sep 2021 21:35:00 +0000 https://mscoursing.com/activist-investor-elliott-holds-significant-stake-in-toshiba-according-to-review/ NEW YORK / TOKYO, Sept. 30 (Reuters) – Hedge fund Elliott Management says it has a “significant” stake in struggling Japanese industrial conglomerate Toshiba Corp (6502.T), which is conducting strategic review under pressure from others investors who might include a sale of the business. Elliott, one of the world’s most powerful activist investors, who oversees […]]]>

NEW YORK / TOKYO, Sept. 30 (Reuters) – Hedge fund Elliott Management says it has a “significant” stake in struggling Japanese industrial conglomerate Toshiba Corp (6502.T), which is conducting strategic review under pressure from others investors who might include a sale of the business.

Elliott, one of the world’s most powerful activist investors, who oversees some $ 48 billion in assets, has invested in Toshiba since 2017 but recently increased its stake to just under 5%, making it one of the top 10 investors, people familiar with the company’s investments. noted.

The announcement of the New York-based company comes just months after Effissimo Capital Management, Farallon Capital Management and other shareholders ousted the Toshiba chairman after the company colluded with the Japanese government to lobby on foreign investors.

“Our investment in Toshiba reflects our strong belief in the underlying value of the company,” said Elliott, who prefers to conduct his negotiations out of the spotlight, in the statement.

The company is expected to brief investors on its plans in the coming weeks and is expected to release its results in November. As those deadlines approach, Toshiba told shareholders it was considering three possible ways to try to unlock value, the sources said.

Elliott has engaged with management and the board of directors and said in a statement that the company has been “encouraged by the constructive nature of our engagement with the company over the past several months.”

A spokesperson for Toshiba said the company was not disclosing any communication with its shareholders.

During his discussions, the sources said Elliott suggested to Toshiba that the company’s stock could be worth 6,000 yen, which would be a 27% increase from Thursday’s close of 4,715 yen.

The three possible approaches for Toshiba could include an outright sale to a private equity firm, a dissolution of the company led by its management team, or a combination of the two options, the sources said.

Current shareholders’ frustration with the company could make a management buyout very unlikely, suggesting instead that a private equity firm will play a role either as an outright buyer or as an investor. ‘significant minority investor, the sources said.

Toshiba has launched a full review of its current assets after rejecting a $ 20 billion takeover bid from CVC Capital Partners in April. The results of the review will be presented when the company announces a new medium-term business plan in October. Read more .

Since then, Toshiba has been in talks with financial and strategic investors, including US private equity firm KKR & Co Inc (KKR.N), to seek their ideas for a new strategy. Read more

Japan has recently become a popular hunting ground for activist American investors, with Third Point targeting Sony Group (6758.T) and Olympus (7733.T) appointing three foreign directors after ValueAct took a stake in the company.

ValueAct has also invested in Nintendo (7974.T) and Seven & i Holdings (3382.T).

Elliott also made a commitment to Japan when he acquired an almost $ 3 billion stake in SoftBank in early 2020. Although he reduced the stake as the share price rose, the fund speculative remains invested in SoftBank.

In the first half of 2021, 10 campaigns were launched in Japanese companies, according to data from investment bank Lazard.

Reporting by Svea Herbst-Bayliss in New York, Makiko Yamazaki in Tokyo and Tiyashi Datta in Bengaluru; Editing by Kirsten Donovan, Jonathan Oatis and David Evans

Our Standards: The Thomson Reuters Trust Principles.


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Hedge funds bet on Geopark Ltd (GPRK) https://mscoursing.com/hedge-funds-bet-on-geopark-ltd-gprk/ https://mscoursing.com/hedge-funds-bet-on-geopark-ltd-gprk/#respond Wed, 29 Sep 2021 17:14:52 +0000 https://mscoursing.com/hedge-funds-bet-on-geopark-ltd-gprk/ The last 13F reporting period has passed and Insider Monkey is once again at the forefront when it comes to using this data gold mine. We have processed deposits from over 873 world-class investment firms that we follow and now have access to the collective wisdom contained in those deposits, which are based on their […]]]>

The last 13F reporting period has passed and Insider Monkey is once again at the forefront when it comes to using this data gold mine. We have processed deposits from over 873 world-class investment firms that we follow and now have access to the collective wisdom contained in those deposits, which are based on their holdings as of June 30, data that is not available anywhere else. . Should you consider Geopark Ltd (NYSE: GPRK) for your portfolio? We will look to this invaluable collective wisdom for the answer.

East Geopark Ltd (NYSE: GPRK) a good deed to buy now? Leading investors were in a bullish mood. The number of long positions in hedge funds has increased by 2 lately. Geopark Ltd (NYSE: GPRK) was listed in 10 hedge fund portfolios at the end of June. The historical high for this statistic is 13. Our calculations also showed that GPRK is not in the top 30 most popular stocks among hedge funds (click for Q2 rank). There were 8 hedge funds in our database with holdings from GPRK at the end of March.

Why are we paying the least attention to hedge fund sentiment? Our research has shown that a select group of hedge funds have outperformed S&P 500 ETFs by 79 percentage points since March 2017 (see details here). This is why we believe that hedge fund sentiment is an extremely useful indicator that investors should pay attention to.

Billionaire David Siegel’s Top 10 Stock Picks

David Siegel of Two Sigma Advisors

At Insider Monkey, we scour multiple sources to uncover the next big investing idea. We go through lists like the top 10 electric vehicle stocks to pick the next Tesla that will deliver 10x yield. Even though we only recommend positions in a tiny fraction of the companies we analyze, we check as many stocks as possible. We read letters from hedge fund investors and listen to equity pitches at hedge fund conferences. You can sign up for our free daily newsletter on our homepage. We will now review the latest hedge fund action regarding Geopark Ltd (NYSE: GPRK).

Do hedge funds think GPRK is a good stock to buy now?

At the end of June, 10 of the hedge funds tracked by Insider Monkey were bullish on this stock, a variation of 25% from the previous quarter. By comparison, 13 hedge funds held bullish stocks or call options in GPRK a year ago. So let’s see which hedge funds were among the top stock holders and which hedge funds were making big moves.

Looking at institutional investors followed by Insider Monkey, Renaissance Technologies holds the most valuable position in Geopark Ltd (NYSE: GPRK), worth nearly $ 49.1 million, or 0.1% of its portfolio. total of 13F. In second place, Encompass Capital Advisors, managed by Todd J. Kantor, which holds a position of $ 20.6 million; the fund has 1.4% of its 13F portfolio invested in the stock. Some other professional fund managers who hold long positions are DE Shaw of DE Shaw, Two Sigma Advisors of John Overdeck and David Siegel and Royce & Associates of Chuck Royce. In terms of the portfolio weights assigned to each position, Encompass Capital Advisors assigned the largest weight to Geopark Ltd (NYSE: GPRK), approximately 1.44% of its 13F portfolio. Renaissance Technologies is also relatively very bullish on the stock, distributing 0.06% of its 13F equity portfolio to GPRK.

As global interest increased, some big names led the herd of bulls. Prelude Capital (formerly Springbok Capital), managed by Gavin Saitowitz and Cisco J. del Valle, initiated the largest position in Geopark Ltd (NYSE: GPRK). Prelude Capital (formerly Springbok Capital) had invested $ 0.3 million in the company at the end of the quarter. Ken Griffin’s investment group Citadel also invested $ 0.1 million in the stock during the quarter.

Let’s review hedge fund activity in other stocks similar to Geopark Ltd (NYSE: GPRK). We’ll be looking at Kimbell Royalty Partners, LP (NYSE: KRP), Trean Insurance Group, Inc. (NASDAQ: TIG), Brooklyn ImmunoTherapeutics, Inc. (NYSE: BTX), Horizon Bancorp, Inc. (NASDAQ: HBNC), Grid Dynamics Holdings , Inc. (NASDAQ: GDYN), Atossa Therapeutics, Inc. (NASDAQ: ATOS) and Xenon Pharmaceuticals Inc (NASDAQ: XENE). The market valuations of this group of shares are closest to the market valuation of GPRK.

[table] Ticker, number of HF with positions, total value of HF positions (x1000), change of HF position KRP, 10,21242,4 TIG, 10,58176, -1 BTX, 1,718, -1 HBNC, 10,12852,2 GDYN , 15.41366.3 ATOS, 5.19224, -1 XENE, 28.413577.1 Medium, 11.3.81022.1 [/table]

Check the table here if you have formatting issues.

As you can see, these stocks had an average of 11.3 hedge funds with bullish positions and the average amount invested in these stocks was $ 81 million. That figure was $ 79 million in the case of GPRK. Xenon Pharmaceuticals Inc (NASDAQ: XENE) is the most popular stock in this table. On the other hand, Brooklyn ImmunoTherapeutics, Inc. (NYSE: BTX) is the least popular with only 1 bullish hedge fund positions. Geopark Ltd (NYSE: GPRK) isn’t the least popular stock in this group, but hedge fund interest is still below average. Our overall hedge fund sentiment score for GPRK is 46.7. Stocks with a higher number of hedge fund positions relative to other stocks as well as relative to their historical range receive a higher sentiment score. This is a slightly negative signal and we prefer to spend our time researching the stocks that hedge funds are accumulating on. Our calculations showed that the 5 most popular stocks among hedge funds returned 95.8% in 2019 and 2020 and outperformed the S&P 500 ETF (SPY) by 40 percentage points. These stocks gained 25.7% in 2021 through September 27 and again topped the market by 6.2 percentage points. Unfortunately, GPRK was not as popular as these 5 stocks (hedge fund sentiment was rather bearish); GPRK investors were disappointed as the stock has returned -10.9% since the end of June (through 9/27) and has underperformed the market. If you want to invest in large cap stocks with huge upside potential, you should check out the 5 most popular stocks among hedge funds, as most of these stocks have already outperformed the market in 2021.

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Disclosure: none. This article originally appeared on Insider Monkey.


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