Buyout Group I Squared Capital Racks Up $15bn for Third Infrastructure Fund (Opalesque)
I Squared Capital, the infrastructure investor is eyeing the liquefied natural gas sector, has closed its ISQ Global Infrastructure Fund III at the $15 billion legal cap, exceeding an initial target of $12 billion. Fund III is more than double the capital raised by its predecessor fund, which closed at $7 billion in September 2018. Including commitments from I Squared Capital and a dedicated co-investment vehicle, the fund has $15.5 billion in investable capital, said the company. It has received capital commitments from over 200 institutional investors, including public and private pensions, sovereign funds, insurance companies, asset managers, and family offices in 27 countries.
Rokos’ Hedge Fund Bounces Back from Record Loss in 2021 with 7 per cent Gain (Hedge Week)
A hedge fund run by billionaire macro trader Chris Rokos has bounced back from record losses last year, to point a 7 per cent gain in Q1 2022, according to a report by BNN Bloomberg. Recent market volatility caused by geopolitical uncertainty and soaring inflation has created opportunities for macro hedge funds to make gains and Rokos’ fund is no exception having posted a 2.1 per cent advance last month alone.
Asset Managers Turn to Mergers to Deliver for Shareholders (AFR.com)
To many, Perpetual chief Rob Adams might best be described as the seasoned funds management executive, fighting challenging industry dynamics by diversifying and growing. But to some within the straight-talking sector, which dissects people and companies for a living, he is more frequently described as a deal junkie with a talent for acquiring businesses in decline, and assets that can walk out the door.
Friday 4/8 Insider Buying Report: THO (Nasdaq.com)
On Tuesday, Thor Industries’ Director, James L. Ziemer, made a $805,295 buy of THO, purchasing 10,000 shares at a cost of $80.53 each. So far Ziemer is in the green, up about 3.4% on their purchase based on today’s trading high of $83.28. Thor Industries, is trading up about 2.2% on the day Friday. This purchase marks the first one filed by Ziemer in the past year.
‘DeFi Hedge Fund’ Outperforms the Market Leveraging AI, Expands Offering (BitNewsToday.com)
When asked about wealth inequality, few can say they clearly understand how severe this gap is. For a more precise visual, consider that Elon Musk, reportedly the richest man on Earth, has a network that exceeds the gross domestic products (GDPs) of countries like Portugal, Pakistan and Finland. According to the UN, even a small fraction of his wealth, $6 billion, would save at the very least 42 million people who are on the brink of salvation. Although Musk is just one example, his wealth indicates one thing, a very extreme wealth gap that currently exists, leading many to wonder about the reasons for this.
