Funding

Share to Twitter Share to Linkedin A common strategy many investors use around each quarter's 13F reporting period is to "follow the smart money." This strategy works most of the time, but this year, investors who have done so have watched their portfolios shrink rapidly and dramatically — along with most of the hedge fund industry. The most popular hedge fund stocks In its quarterly "Hedge Fund Trend Monitor," Goldman Sachs presented its list of the most popular long positions among fundamentally driven hedge funds. This basket has outperformed the S&P 500 in 58% of quarters since 2001, although at the cost of high volatility. However, the basket has underperformed the index dramatically since early 2021, lagging by more than 30 percentage points. Thus, in the current climate, this list could offer some stocks that investors might want to avoid, at least in the near term, until things turn around. Goldman's "Hedge Fund VIP" basket isn't … [Read more...] about Hedge Fund 13F Wrap For Q3: Top Tech Stocks, Resources And Healthcare Themes

Share to Twitter Share to Linkedin A long-running campaign created by UNICEF USA and MSNBC's Lawrence O'Donnell is motivating children in Malawi to stay in school and learn. For more than half of all students in Malawi, one of the world's poorest countries, school days are spent sitting on the classroom floor. Without desks or chairs, it's harder to focus, harder to write and harder to learn. In 2010, UNICEF USA and MSNBC's Lawrence O'Donnell launched the Kids in Need of Desks (K.I.N.D.) campaign, to provide young learners with the simple furniture that can make such a difference to their academic success. Since then, the program has benefitted more than 1.1 million learners across the country. Desks help students succeed in school "The desks have an immediate impact of improving the learning environment," says Annie Maston, Girls' Education Officer at UNICEF Malawi. "Teachers in the targeted schools have reported improved participation … [Read more...] about K.I.N.D. Fund Provides Desks And Scholarships For Students In Malawi

Gamerji's founder Soham Thacker said the fresh infusion of capital will also help meet growth targets ahead of timelines (File Image) E-sports tournament platform Gamerji on November 30 said it has raised $3 million from existing investors GVFL (formerly Gujarat Venture Finance) and Unicorn India Ventures, amid rising e-sports consumption in the country. The start-up plans to use the funds raised for its planned foray into Southeast Asia starting with Indonesia and Philippines, as well as to grow its platform in the Middle East and North Africa (MENA) region. The proceeds will also be used towards developing EaaS (E-sports as a service) and other tech solutions to improve the online gaming experience. Founded in 2019 by Soham Thacker, Gamerji enables gamers to compete, build their gaming profile, host matches, and win prizes on the platform. It also allows people to watch live streams, communicate with others and share content. The platform has raised a total $5 million in … [Read more...] about E-sports tournament platform Gamerji bags $3 million funding

(Representational image) In a bid to boost domestic development and manufacturing of textile machinery, the government may soon replace the Amended Technology Upgradation Fund Scheme (ATUFS) introduced in 2016 with one similar to the production-linked incentive (PLI), The Economic Times reported on November 30. The standard operation procedures (SOPs) will be provided to textile manufacturing units for  investment in plant and machinery of Rs 1 crore to Rs 50 crore for MSMEs and above Rs 50 crores for non-MSMEs. In order to promote technological upgradation the incentives will be provided based on the unit's turnover post making the investment in setting up benchmarked modern technology, the report stated. Moneycontrol could not independently verify the report. The PLI scheme seeks to provide incentives to the tune of 60 percent based on the investment criteria. The incentives will be provided across various facets of the textile industry such as  weaving, knitting and … [Read more...] about Performance based scheme likely to replace Textile Tech Fund: Report

Share to Twitter Share to Linkedin Swedish start-up ClimateView has released an ‘Impact Intelligence’ upgrade to its SaaS platform ClimateOS, in order to help planners unlock crucial funds for city decarbonization and net zero transition. Effectively it provides a digital twin for a city, enabling planners to effectively model the impact of planning and investment decisions. Cities are one of the key levers for action on climate change, sitting as they do at a pivotal point between national policymaking and local action. The numbers are well known, in terms of their importance. Urbanization continues to be a macro trend, with roughly half the world’s population living in cities and already connected to over 70% of the world’s CO2 emissions . By 2050 cities are expected to be home to around 70% of the global population and decoupling that growth from emissions is a major challenge, one that will take significant investment to overcome. Catharina … [Read more...] about Digital Twins: Solving The City Climate Funding Gap

Share to Twitter Share to Linkedin Converging forces make the clean energy transition seem inevitable, but will local hurdles to siting wind and solar projects be the unexpected headwind blocking billions in new investment? Data shows the public, including communities hosting wind and solar projects, approve of renewables and want more of them. Yet fossil-aligned groups are sowing dissent and stalling progress. Renewable energy is winning on cost as well as consumer preference – it’s more popular among Americans than kittens, after all. And the Inflation Reduction Act (IRA) supplies the long-term policy certainty wind and solar developers have sought for decades. That’s good news for our climate and economy. Meeting the United States’ greenhouse gas reduction targets requires hitting 50% clean energy by 2030 and it could create millions of new jobs by the end of the decade. While the clean energy transition appears unstoppable, the speed with … [Read more...] about Fossil-Fuel Funded Opposition Is Blocking America’s Clean Energy Transition. Permitting Reform Can Help.

Share to Twitter Share to Linkedin London-based investment firm Active Partners is the lead investor in a $23 million funding round for Classified Cycling of Belgium, maker of a wireless bicycle transmission system. Other new investors in the company include Olympic and world champion riders professional riders Tom Boonen, Anna Van der Breggen, Andre Greipel and Marcel Kittel. The riders also become Powershift ambassadors. Bridford Investments also participated in the round, which was announced December 1. The investment will be used to accelerate new product development, says a Classified press release. The company, founded in 2019, will also take on more staff to establish new commercial partnerships with bicycle companies. Powershift was introduced to the market last year—the system is integrated into the rear wheel and replaces the front derailleur, the component that moves the chain from one chain ring to the other when changing gears. … [Read more...] about Active Partners Leads $23 Million Funding Round In Cycling Drivetrain Innovator Classified Cycling

(Illustration by Suneesh K.) With schools, colleges, and physical tuition centres reopening, India's edtech startups have struggled to raise funds from investors this year. To make matters worse, the much-discussed funding winter has made it difficult for edtech startups to raise funds. Despite this, a niche category of online learning - higher edtech and upskilling - appears to have found favour with investors due to continued growth in demand for their offerings. Higher education and upskilling startups have raised $1.1 billion in private equity and venture capital funding so far this year, slightly less than the $1.25 billion raised in the first 11 months of 2021, according to data by Tracxn Technologies. K-12 (kindergarten through class 12) and test preparation platforms, on the other hand, have seen a 60 percent decline in funding during the same period. According to the data, K-12 and test prep startups have raised $1.78 billion so far this year, compared to … [Read more...] about Investors favour upskilling platforms as other edtechs struggle with funding winter

Share to Twitter Share to Linkedin Jaclynn (Jax) Brennan is the CEO of private membership mastermind for female entrepreneurs Fyli . Known as a NaAs Buisness. Less than 2.5% of women entrepreneurs are getting venture capital, and less than 1% of that goes to women of color. Women of color account for only 4% of C-suite leaders , and the gap in burnout between women and men has almost doubled. On top of that, 48% of female entrepreneurs feel that their professional growth is restrained by a lack of advisors and mentors. The real disconnect here lies in the data. Studies show that private technology companies led by women “are more capital-efficient, achieve 35% higher return on investment , and, when venture-backed, they earn 12% higher revenue than male-owned tech companies.” In a study of over 350 startups, Mass Challenge and BCG determined that “businesses founded by women ultimately deliver higher revenue—more than twice as much … [Read more...] about The Road To Redemption: Let’s Get More Women Funded

Share to Twitter Share to Linkedin The 2022 holiday campaign of Saks, the luxury retailer, involves a partnership supporting the Elton John AIDS Foundation’s Rocket Fund. The campaign kicked off last week with a light show on Saks’ flagship Fifth Avenue facade and holiday window unveiling, plus a performance of “Your Song” by John. “Saks is proud to support the Elton John AIDS Foundation and partner with Sir Elton John, who shares our passion for self expression through creativity and fashion,” said Saks chief executive Marc Metrick. “At Saks, we are committed to connecting with our customers through unique experiences and impactful partnerships. We’re pleased to work with this incredible organization to provide our customers with an opportunity to give back this holiday season and look forward to sharing this meaningful campaign across the total Saks Fifth Avenue experience.” The partnership with the foundation includes a $1 million donation to … [Read more...] about Saks Fifth Avenue Partners With Elton John AIDS Foundation To Celebrate Holiday Season