Alternative Investment news

Melvin Capital, the hedge fund made famous through its bet against GameStop Corp. (NYSE: GME) lost more than half of its funds in January, according to The Wall Street Journal From $12.5 billion to $8 billion Melvin Capital, the hedge fund started by Gabe Plotkin, entered 2021 with $12.5…

The epic battle playing out in GameStop Corp.’s (NYSE: GME) stock isn’t the David versus Goliath battle some in the media play it out to be. In fact, hedge funds are far from the “all-powerful predators” that make a killing shorting stocks to zero, according to CNBC’s Michael Santoli.

As part of the platform’s planned expansion in 2021, Invezz has recently undergone a complete redesign of its website, invezz.com.  The new site has been tailor-made to help users make better investment decisions when navigating the world of personal finance, supporting them when buying stocks, cryptocurrency and commodities. Invezz…

Ethereum is the biggest development platform in the crypto industry, but its inability to scale and meet demand is beginning to take its toll. Due to the growing fees, the TRON blockchain has become a much more popular network — useful not only for buying TRX, but also for…

Global alternative investment management firm Apollo Global Management Inc (NYSE: APO) reported Thursday morning third quarter results and CEO Leon Black publicly set the record straight on his relationship with the late financier Jeffrey Epstein. Q3 results Apollo, a publicly-traded entity, said that its total assets under management rose…

Shares of Comcast Corporation (NASDAQ: CMCSA) gained more than 3% on Tuesday after notable activist investor Trian Fund Management bought a relatively small stake in the media giant, The Wall Street Journal reported Monday evening. Undervalued thesis Trian bought $900 million worth of Comcast’s stock recently, giving it…

Silicon Valley-based venture capital firm Lightspeed Venture Partners announced that the firm would be expanding its operations by entering into Southeast Asia. Lightspeed officially announced the establishment of office at its regional headquarter in Singapore.   Today we announce our expansion to Southeast Asia…

On September 10, Virtusa Corporation (NASDAQ: VRTU) announced that it had signed a definitive merger agreement with Baring Private Equity Asia (BPEA). The Baring PE will be acquiring all Virtuas’ outstanding common stock for $51.35 per share in an all-cash transaction, translating into approximately $2.0 billion…

Founded in 2017, New York-based financial technology startup Capitolis received an $11 million funding from Citi, J.P. Morgan and State Street. Capitolis is a software-as-a-service (SaaS) provider having a platform that provides financial resource optimization for capital markets.  Big news! Capitolis has received a strategic…

We look at the Top 11 industries that were positively affected by COVID-19 and how these industries will fare over the coming year

On September 3, Daniel Kamensky, the principal of Marble Ridge Capital was criminally charged with securities fraud, wire fraud, extortion and obstruction of justice by the US Department of the Justice. The official link can be found here.  Daniel Kamensky, 47, has been alleged to pressurise the…

Germany-based Auxmoney has announced the fundraising worth €150 Million in growth capital in a round led by Centerbridge Partners. This deal is mentioned to be the biggest fintech capital raising deal in the eurozone region in 2020 so far.  In addition to the current funding, private equity firm Centerbridge Partners…

Based in Taranaki, New Zealand, Greenfern Industries has launched an equity crowdfunding campaign to raise NZ$ 4.0 Million. Total retail investment is limited to NZ$ 2.0 Million (50%), and the rest of the NZ$ 2.0 Million (50%) is restricted to Wholesale or Qualifying Investors. The NZ$ 0.2 Million of the…

Headquartered in Bengaluru, edtech startup Unacademy raised funding worth $150 Million led by Japanese multinational conglomerate SoftBank. With the recent fundraising, Unacademy has entered into a unicorn club by having valuation at around $1.45 Billion. The funding round also consisted of investment from existing shareholders General Atlantic, Facebook, Blume Ventures,…

A Berlin-based Venture Capital Fund, BITKRAFT Ventures has announced the closing of a new $165 Million venture fund that will be used for Seed and Series A investments in various companies related to the Game Studios, Interactive Platforms and Immersive Technologies. BITKRAFT Ventures is founded by former ESL CEO and…

On September 1st, the US Dollar dropped towards multi-year lows against most major currencies. Investors are expecting the Federal Reserve’s new policy framework would translate into lower US interest rates as compared to interest rates in other countries. The dollar index fell to a two-year low at 91.775.  The dollar…

BlackBull Markets – a multi-asset broker in New Zealand becomes a licensed stock broker after receiving a derivative issuer by the New Zealand’s financial regulator, the FMA. BlackBull Markets, the trading name of BlackBull Group Limited, offers different types of trading services – including Forex, CFDs, and…

On 4th August 2020, two explosions occurred at the Port of Beirut. The second explosion was related to 2750 tonnes of ammonium nitrate blast. This explosion is considered to be one of the largest artificial non-nuclear explosions in history. Beirut’s Mar Mikhaël area is very well known for fashionable trendy…

KPMG Private Enterprise recently shared its Venture Pulse Q2 2020 report. The report provides a great insight into the global and local venture capital industry. In this article, we have provided a super-condensed and summarized version of the major trends, challenges and opportunities in the global venture capital market for…

On 30 July 2020, Crestview Partners announced an investment into Upwell Water LLC, a water-focused specialty finance company.  San Francisco-based Upwell Water’s services consist of providing liquidity and investment solutions to water-related assets. The company acquires and finances water assets.  Upwell Water got spun out of Upwell, LLC, a holding…

Boston based investment firm, Berkshire Partners along with the CrossFit’s incoming CEO Eric Roza, announced buying the global gym brand CrossFit from former CEO and founder Greg Glassman for an undisclosed amount.  Today we signed the final contract to purchase 100% of CrossFit … Now…

For years, hedge funds are known to buy shares of companies set to sell themselves but the global COVID-19 pandemic has now forced funds to do the opposite, The Wall Street Journal reported. Merger-arbitrage bets Hedge funds that buy shares of a target company typically engage in what…