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☆ Credit Suisse raises 2.24 billion Swiss francs in second part of capital hike
▼ + stars: | 2022-12-08 | by ( ) www.reuters.com time to read: 1 min

ZURICH, Dec 8 (Reuters) - Credit Suisse (CSGN.S) on Thursday announced the final result of its 4 billion Swiss franc ($4.25 billion) capital raise, saying 98.2% of shareholder rights to buy stock at a discount had been taken up in the second part of the fundraising. Switzerland's second biggest bank said subscription rights for 872.9 million new shares had been used in the capital hike, intended to fund an overhaul of the scandal-plagued lender. This meant 2.24 billion francs had been raised by Credit Suisse, as expected, in addition to the 1.8 billion francs raised from an earlier placing of stock with a group of institutional investors led by Saudi National Bank. ($1 = 0.9406 Swiss francs)Reporting by John Revill; Editing by Kirsten DonovanOur Standards: The Thomson Reuters Trust Principles.

NEW YORK, Dec 7 (Reuters) - Sonnedix and Cubico, two renewable energy developers, are competing to buy Chilean solar power assets that Italy's Enel (ENEI.MI) has put on the block to help trim debt, sources familiar with the matter told Reuters. Consisting of around 500 megawatts (MW) of operating and newly built sites, the portfolio is expected to fetch up to 1 billion euros ($1 billion). Enel and Cubico declined to comment. Pension and infrastructure funds have been buying stakes in low-carbon energy generation for many years, attracted by their predictable returns. Additional reporting by Valentina Za and Francesca Landini in Milan; editing by Cynthia OstermanOur Standards: The Thomson Reuters Trust Principles.

☆ Tesla's stock is suffering from Musk's Twitter takeover, Morgan Stanley survey of investors finds
▼ + stars: | 2022-11-29 | by ( Michelle Fox | ) www.cnbc.com time to read: +2 min

Elon Musk's involvement in Twitter hasn't been good for Tesla 's stock, according to a Morgan Stanley survey of institutional investors and industry experts. Nearly 75% of those surveyed by the firm believe the Twitter situation has accounted for at least a significant portion of Tesla's recent share price underperformance, the survey showed. Morgan Stanley received 43 responses to its Nov. 23 survey. "While difficult to quantify, we believe there must be some form of sentiment 'circuit breaker' around the Twitter situation to calm investor concerns around Tesla." "In a slowing economic environment, we believe Tesla's 'gap to competition' can potentially widen, particularly as EV prices pivot from inflationary to deflationary," he said.

☆ 'Easy to bully': A corporate landlord in Cincinnati is aggressive in trying to evict tenants, critics say
▼ + stars: | 2022-11-22 | by ( Gretchen Morgenson | Gretchen Morgenson Is The Senior Financial Reporter For The Nbc News Investigative Unit. A Former Stockbroker | She Won The Pulitzer Prize In For Her | ) www.nbcnews.com time to read: +13 min

“We had the exact same story and the exact same company — VineBrook Homes,” Allen told NBC News. VineBrook Homes Trust Inc., which owns over 3,000 single-family homes in the Cincinnati area, is one of the most aggressive landlords in bringing eviction proceedings against its residents, they say. A big institutional owner of over 24,000 single-family homes in mostly lower-income areas, VineBrook Homes is a real estate investment trust (REIT) with properties in 18 states, including Alabama, Indiana, Missouri and Mississippi. “I left in Dec. 2021,” Jenkins told NBC News. Vinebrook Homes owns over 3,000 single-family homes in the Cincinnati area, including many in suburbs like North College Hill.

☆ Insiders detail how Wall Street is preparing for a post-FTX world, from heightened scrutiny on crypto deals to rethinking hiring plans
▼ + stars: | 2022-11-22 | by ( Morgan Chittum | Bianca Chan | Carter Johnson | ) www.businessinsider.com time to read: +12 min

Most Wall Street firms have executed big crypto and blockchain initiatives. The ties between Wall Street, Main Street, and digital assets have never been tighter. Some traditional firms have chosen crypto custodians to do that for them, while others offer it themselves. Fidelity also has its own digital assets custody offering, and reportedly had plans to continue building out its digital-asset team as recently as late October. 121, which requires most SEC registrants to record the fair value of custodied digital assets as a liability.

☆ Macau Under Spotlight Amid U.S. Inspections of China-Based Audits
▼ + stars: | 2022-11-13 | by ( Mark Maurer | ) www.wsj.com time to read: +8 min

The PCAOB, which began inspections of China-based audits in September, will decide by year-end whether China is complying with the agreement. “We do not know if these firms, especially in the U.S., have been adequately supervising the Macau firms,” she said. The Macau firms’ work isn’t immune from PCAOB inspection. PwC Macau is a separate legal entity, but it is run as part of the firm’s China operations, a spokesman said. “The China firm is taking responsibility, treating it as a branch office,” Ms. McKenna said.

☆ 2 real estate experts break down the implications of institutional investors and crowdfunding platforms entering the crowded housing market, and what it means for potential homebuyers
▼ + stars: | 2022-11-06 | by ( Lisa Kailai Han | ) www.businessinsider.com time to read: +9 min

Institutional investors have been under fire lately for eating up real estate market share. "Investors gone wild"According to independent real estate market analyst John Wake, the pandemic-induced era of easy money brewed the perfect storm for a land grab in the housing market. He believes that the most important trend in today's housing market is the sheer amount of capital chasing new homes. The influx of these institutional investors has only exacerbated the massive supply-demand imbalance the real estate market currently faces, Wake said. So the idea was to provide an alternative source of funding to encourage public investments in real estate," he explained.

☆ A quarter of institutional investors continue to buy into crypto
▼ + stars: | 2022-10-27 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailA quarter of institutional investors continue to buy into cryptoCNBC's Kate Rooney joins 'TechCheck' to discuss institutional investors buying into crypto despite the downturn, key tailwinds for prices and investor sentiment that the price volatility of crypto is the biggest barrier to entry.

☆ World’s largest academic endowment lost money for the first time since 2016
▼ + stars: | 2022-10-14 | by ( Kate Trafecante | ) edition.cnn.com time to read: +2 min

CNN —Harvard University’s endowment lost $2.3 billion in fiscal 2022, blaming the loss on both the global market downturn as well as the university’s commitment to climate goals. This is the fund’s first negative return since 2016, according to the University’s Annual Financial Report, published on Thursday. During Harvard’s most recent fiscal year, which ended on June 30, HMC lost 1.8% on its investments, bringing the endowment’s total value down to $50.9 billion. The loss follows a banner year for fund, the largest academic endowment in the world. Its value increased by more than $10 billion to $53.2 billion fiscal year 2021 - the largest in the endowment’s history.

☆ How SkyBridge founder Anthony Scaramucci is navigating the world between traditional and digital assets — plus his favorite coins and hedge funds for the tough market environment
▼ + stars: | 2022-09-21 | by ( Laila Maidan | Alyson Velati | ) www.businessinsider.com time to read: +7 min

A survey conducted by the Alternative Investment Management Association (AIMA), showed that about one-third of traditional hedge funds are investing in digital assets. Approximately one-third of the panel discussions revolved around digital assets, according to SkyBridge Capital's Anthony Scaramucci. And while some funds may still be grappling with the question of how much exposure they should allocate to digital assets, Scaramucci is pedaling forward. Long term, he believes in the appreciation of digital assets, and he's willing to pay the price of absorbing the volatility in the meantime. The pivot to digital assetsSkyBridge has pivoted heavily into crypto and blockchain technology from its traditional hedge fund of funds business.

☆ Turning point for the crypto community? Where bitcoin goes from here
▼ + stars: | 2022-09-17 | by ( Kevin Schmidt | ) www.cnbc.com time to read: +4 min

But with bitcoin coming off a nearly two-year low, the short-term temperaments are being met with a mix of positive and negative factors that are guiding where the crypto community goes from here. Proposals for more SEC oversight of the crypto community are likely to be met with hostility from the community itself, although the agency has already taken steps to enforce its regulatory agenda. "A year from now, the large trading venues will be in the process of registering with the SEC," Hougan said. Beyond the crypto community, rates of adoption from large investment firms demonstrate that digital currencies are being embraced by Wall Street, Hougan said. "Blackrock and Schwab coming in reinforces to everyday investor that bitcoin is not going away," Hougan said.

☆ The corporate landlords buying up America's houses are hiring high-profile PR execs and lobbying Washington regulators to convince opponents they're not the bad guys
▼ + stars: | 2022-05-28 | by ( James Rodriguez | ) www.businessinsider.com time to read: +10 min

Corporate owners of single-family homes face mounting criticism as their presence grows. Organizers from the Center for Public Democracy stood atop the stage at the Park Hyatt hotel in Washington, DC, where they interrupted a conference for owners of single-family rental homes. Institutional owners of single-family homes have typically preferred to operate quietly. In the decade-plus since the financial crisis, institutional investors have poured billions of dollars into acquiring and developing single-family homes for rent. It's for that reason that Howard is concerned about homeowners associations barring investors from buying homes in certain neighborhoods.

☆ These are the top 53 voices in Silicon Valley teaching you everything you need to know about how to invest in VC and startups
▼ + stars: | 2021-10-13 | by ( Madeline Renbarger | Ben Bergman | ) www.businessinsider.com time to read: +1 min

Unlike other types of institutional investors, venture capitalists love to share business know-how. Some have developed their own media ecosystems where they can educate, entertain, and be pundits. One big way venture capitalists are unique from other institutional investors is that so many of them are not shy about publicly sharing their views on everything from crypto to politics. Unlike more buttoned-up mutual-fund or private-equity managers, many venture capitalists have become quasi celebrities — with massive followings on Twitter, LinkedIn, podcasts, and Clubhouse. Insider has rounded up this list of the most influential venture- and angel-investor personalities who analyze, educate, and entertain.

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