Tiger Global was Top Dealmaker in a Record Quarter for Venture Capital, as Investments Exceeded $150 Billion (CNBC)
If it seems as if you’ve seen Tiger Global’s name on a venture deal every day of late, there’s a reason for it — the firm averaged 1.3 deals a day in the second quarter. According to a new report from research firm CB Insights, Tiger increased its investments in the latest period by eightfold from the same quarter a year earlier to 81. Andreessen Horowitz was the second-most-active investor in the quarter at 64 deals, followed by Sequoia at 62 and Accel at 60.
Cheyne Capital Opens New Paris Office (Hedge Week)
Alternative asset manager Cheyne Capital Management (UK) (Cheyne) has opened a new office in Paris – the firm’s fifth office in Europe and its eighth globally. Stuart Fiertz, Co-Founder, President & Head of Responsible Investment at Cheyne Capital, says: “Since 2018, our private credit investment teams have continued to see more and more interesting opportunities in Europe and particularly in France, so opening an office in Paris was the natural next step. Being in close proximity to those we finance is important to us and we look forward to growing our presence in the country further.”
Hedge Fund Citadel Hiring from Rival Funds as Some Exit (eFinancialCareers.com)
Citadel has been hiring from rival funds in London as some long-serving staff leave. The fund is understood to have recruited Sean Murphy, a former JPMorgan M&A associate and event driven analyst at London-based Carlson Capital as an equities portfolio manager. It’s also hired Brian Johnston from Wellington Management as an FX portfolio manager. At the same time, filings on the Companies House website suggest some longstanding senior staff have disappeared. Jonas Diedrich, for example, had his partnership terminated on July 1st. Diedrich had been a portfolio manager at the firm for 13 years. Christopher Wheeler, another portfolio manager and partner, left on June 9th. Bloomberg previously reported Wheeler’s exit in March.
Bridgewater Launches Sustainability Fund Amid Increasing Demand for Impact Investing (Institutional Investor)
Bridgewater Associates is the latest firm to create a sustainability focused fund. The world’s largest hedge fund firm launched Bridgewater All Weather Sustainability, LP earlier this month with $2 billion of committed capital, according to investors and a regulatory filing. An Undertakings for the Collective Investment in Transferable Securities version of the fund, called The Lyxor and Bridgewater All Weather Sustainability fund, will give investors access to Bridgewater’s All Weather Sustainability strategy. It is managed by Lyxor Asset Management and sub-advised by Bridgewater.
Exclusive: China just Gave a Big F-U to America, Hedge Fund Manager Says (LocalNews8.com)
Kyle Bass, the hedge fund manager and outspoken critic of Beijing, says the timing of China’s crackdown on ride-hailing app Didi is no coincidence. “The Chinese believe deeply in symbolism and numerology,” Bass told CNN Business on Wednesday. “Banning an IPO that just went public in the US — with US investor money — on our Independence Day was basically a big F-U to the United States.”
Swiss Hedge Fund pioneer Rainer-Marc Frey has Sold of Some of His Stake in Derivatives Specialist Leonteq. (Finews)
Swiss financier Rainer-Marc Frey has cut his stake in Zurich-based structured products specialist Leonteq to below 10 percent, the company said Thursday. Leonteq said Frey indirectly held 1.89 million shares or 9.98 percent through investment company H21 Macro compared with 10.15 percent at the end of 2020. Stake Bought During Crisis at Leonteq. Frey bought into Leonteq in 2017 when it was embroiled in an internal crisis. The following year he raised his stake to over 10 percent. Since he took a stake the company’s share value has risen by over 55 percent.
Learn About Machine Learning Through The Lens Of A Hedge Fund (Forbes)
Artificial intelligence is widely discussed in CIO conversations down to IT resourcing meetings in companies today. There is a range of topics that enterprises are involved in from research to novel applications and enterprise product usage. The last year, the theme at major cloud conferences like Google I/O and re:Invent has centered on MLOps, which is the process of taking models created by data scientists into applying them in production to drive business impact. MLOps is still new, so I wanted to spend time diving into what it is and why it’s different.