Nordic firm Axcel closes Fund VII at $1.42bn hard cap... [more]Laxman Pai, Opalesque Asia: Nordic private equity group Axcel has closed its seventh fund, Axcel VII, at an oversubscribed hard cap of EUR 1.3 billion ($1.42bn), exceeding its target of EUR 1 billion.
The Danish firm said in a press release that the latest fund reflects a 60% increase on its
Hedge fund manager arranged Boris Johnson's trip to meet Venezuela's Maduro... [more]From FT: A below-the-radar trip to Venezuela by Boris Johnson to meet autocratic president Nicolás Maduro was arranged by a hedge fund manager interested in normalising diplomatic relations between London and Caracas, according to people familiar with the matter.
Former JPMorgan banker Ma
Goldman Sachs describes 'the most sought-after hedge fund strategy'... [more]From The Globe and Mail: RBC Capital Markets head of global commodity strategy Helima Croft provided some interesting details on the oil market and a reminder of its geopolitical importance.
"Ukraine has now struck eight refineries, which account for 27% of runs in Russia. Of these refiners, 3
Tech: AI and advice: The challenge of making good tech decisions... [more]From Professional Adviser: Artificial intelligence (AI) is transforming what technology can offer and this requires careful consideration from various angles, write Roderic Rennison and Chris Baigent-Reed.
AI is arguably to technology what the Consumer Duty is to compliance. Both are constantly
U.S.: Phony billionaires on Facebook are scamming Americans out of their life savings... [more]From WSJ: Bill Ackman is fighting a losing battle against Bill Ackman. Impostors posing as the billionaire hedge-fund manager on Facebook keep luring hapless investors into stock-market scams-and the real Ackman has been powerless to stop them.
Ackman's Pershing Square Capital Management has fo
Family Offices: How Nan Fung family office selects external managers... [more]From Asian Investor: NF Trinity looks for diversified global investments in the private market, while trying to avoid bias towards certain countries or sectors.
Hong Kong business conglomerate Nan Fung Group's family office, NF Trinity, values longstanding general partners (GPs) with a strong tr
Legal: Sam Bankman-Fried's bankruptcy narrative revealed in new court documents... [more]From Coin Telegraph: United States prosecutors have filed new court documents revealing Sam "SBF" Bankman-Fried's plans to restore his public image after the collapse of FTX in 2022.
According to a Google document attached to the government sentencing memorandum filed on March 15, Bankman-Fried
Activists: Nelson Peltz fights Disney-and turmoil at his own fund... [more]From WSJ: Nelson Peltz's hedge fund had a problem. A few years ago, investors in Trian Partners were yanking hundreds of millions of dollars after its performance had soured.
Around the same time, Peltz's son, Matt, and others at the firm were eyeing a big bet on one of the most high-profile t
And, finally: It's baaaackkk, in Wales now... [more]From Wales Online: It's baaaackkk. In the waning days of 2020, a tall silver monolith popped up in various locations in California, Texas, Romania and elsewhere. Now, Wales Online reports, it's back. The 10-foot-tall tower, which appears to be stainless steel, turned up near Hay-on-Wye in Wales arou
Criminals continue to fleece high net-worth individuals and family offices through sophisticated scams that involve elaborate presentations, fake companies and websites, and fraudulent documents that appear credible.
We've documented three cases that describe the highly sophisticated, complex structures and cunningly designed processes which ultimately lead to straightforward investment fraud. This has
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