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CNN —A Woods was back in the winner’s circle this weekend – but not the one golf fans grew accustomed to seeing. This time, Tiger Woods played caddie to his son Charlie as the 14-year-old shot the best round of his fledgling career to win his age group’s regional qualifier for the Notah Begay III Junior Golf National Championships. “It’s hard to think, ‘You’re tied for the lead, you have to go shoot a low round to win this thing,’” the 14-year-old Woods told tournament organizers. Focus up, this is what we’re gonna do.’”Woods helps his son decide his next shot during the tournament. The 47-year-old Woods was also on bag duty at last year’s regional qualifier, held at the same venue, where a then-career-best 68 round saw his son finish tied-fourth.
Persons: Tiger Woods, caddie, Charlie, Woods, birdies, ‘ You’re, don’t, Shane Croft, Chase, , ” Woods, Instagram It’s, Zach Johnson, Johnson, Marco Simone Golf, “ He’s, ” Johnson, he’s, you’re, it’s, Organizations: CNN, PNC, Ryder, Marco Simone Golf Club Locations: Orlando , Florida, Coushatta , Louisiana, Orlando, Rome
Michael Sonnenfeldt, Tiger 21 Scott Mlyn | CNBCPrivate equity is currently "king" among members of Tiger 21 — a network of ultra-high net worth entrepreneurs and investors — according to its founder and chairman, Michael Sonnenfeldt. The private equity industry had an especially tough 2022 after a decade-long bull run, but has picked up so far this year. Sonnenfeldt told CNBC on Friday that Tiger 21 members, who collectively manage around $150 billion in assets, have increased their allocation to private equity threefold over the last decade, and see further opportunities amid an expected boom for companies exposed to AI and climate. Most Tiger 21 members are entrepreneurs who have sold their companies and are now in the business of wealth preservation. According to a quarterly report from EY, private equity activity climbed 15% in the second quarter of 2023 versus the first, with total deal values hitting $114 billion on the back of a steep rise in Europe.
Persons: Michael Sonnenfeldt, Scott Mlyn, Sonnenfeldt, , Dan Rasmussen Organizations: CNBC, Tiger Locations: EY, Europe
The top five most common places for shark attacks are the US, Australia, and South Africa. The most common culprits are great white sharks, tiger sharks, and bull sharks. In 2022, there were 81 unprovoked shark attacks around the world and five people were killed. This was down from nine deaths in 2021 and 10 deaths in 2020, according to the University of Florida's International Shark Attack File. Overall, the odds of getting attacked by a shark are low, and there are things you can do to lower those odds even more.
Organizations: Service, University of Locations: Australia, South Africa, Wall, Silicon
They are buoyed by experts who say the arsenic risk is overblown, the mounts nothing short of art. The Endangered Species Act protects animals even in death, so the collection can’t be sold. But by the time he died in 1978, international laws and the Endangered Species Act were cracking down. In August, the results came back: 79% of specimens tested positive for detectable levels of arsenic, the city said. With protective gear, taxidermy can be moved safely despite arsenic, said Jennifer Menken, the public collections manager at the Bell Museum of Natural History.
Persons: , , John Janelli, Fran Ritchie, Gretchen Anderson, Dave Pfeifle, Henry Brockhouse, , Becky Dewitz, Jennifer Menken, Paul, encasing, Christina Meister, Dewitz, she's, Paul TenHaken, Barbara Philips, Jason Haack, Abby Normal’s, ” Haack Organizations: Sioux Falls City Council, National Taxidermists Association, Society for, Carnegie Museum of, Sioux Falls, West Sioux Hardware, Plains, The Associated Press, Bell Museum of, University of Minnesota’s, National Wildlife, U.S . Fish, Wildlife Service, City, Abby Normal’s Museum, City Council Locations: South, Sioux Falls, Pittsburgh, China, University of Minnesota’s St, Denver, U.S
On Friday, Tiger Global reached out to its investment partners about the document, which has been seen by venture capitalists, hedge funds and in media circles. “These attacks are packed with lies, which we strongly believe were written and pushed by a disgruntled former employee with whom we parted ways,” Tiger Global said in its letter to investors. It was unclear how far the document has spread, but the Tiger Global letter said the firm has been aware of it for several months. Tiger told investors it had engaged "experts" to help it respond to the allegations in the document, without providing further details. Tiger Global has roughly $50 billion of assets under management, but saw its portfolio significantly trimmed last year as tech stocks faltered.
Persons: Tiger, Helen Coster, Greg Bensinger, Kenneth Li, David Gregorio Our Organizations: Investment, Tiger Global Management, Meta, Spotify, Reuters, New Yorker, Tiger Global, Global, Thomson
Big investors took a selective approach to China-based technology stocks in the second quarter, recent regulatory filings suggest. Technology stocks continued their upward trend during the second quarter, including a slew of 2022's China-based tech losers. The fund scooped up a fresh position in e-commerce company JD.com worth nearly $64 million, and bought up China-focused exchange-traded funds KraneShares CSI China Internet (KWEB) and iShares China Large-Cap (FXI) . Other hedge funds raising bets on the company included Third Point's Dan Loeb, while Viking Global's Ole Andreas Halvorsen opened a minor stake worth $77.7 million. Not every investor bet big on the sector during the second quarter.
Persons: David Tepper's, Point's Dan Loeb, Ole Andreas Halvorsen, Baidu, Management's Philippe Laffont, Dan Sundheim, Tiger Global's Chase Coleman, — CNBC's Michael Bloom Organizations: Technology, Reuters, Retail, CSI China Internet, Viking, Li, PDD Holdings, Kanzhun Locations: China, Alibaba
Hedge funds beefed up A.I. bets in the second quarter
  + stars: | 2023-08-15 | by ( Samantha Subin | ) www.cnbc.com   time to read: +5 min
2023 has been the year for artificial intelligence stocks, and hedge funds in the second quarter beefed up their bets on the growth sector despite its sharp run up this year. Doubling down on Big Tech Despite the uptick in tech shares by the end of the first half, many hedge funds amped up their bets on Alphabet during the second quarter. David Tepper's Appaloosa bet big on AI winners , growing positions in Alphabet, Amazon , Meta Platforms and Microsoft during the period. Betting on chip stocks Nvidia shares have popped 200% as the company triumphs as AI chipmaker to beat this year. Beyond these pure-play AI bets, Coleman added to semiconductor Lam Research .
Persons: Bill Ackman's, Dan Loeb's, David Tepper's, Baupost's Seth Klarman, Philippe Laffont's Coatue, Tiger Global's Chase Coleman, Mark Zuckerberg's, Dan Sundheim's, Ole Andreas Halvorsen, Loeb, Coleman, Sundheim, Baupost, Keith Meister's, Laffont, Yun Li, Sarah Min, Brian Evans Organizations: Big Tech, Microsoft, Tiger Cub, Management, Apple, Amazon, Facebook, Meta, Nvidia, Devices, Viking, Taiwan Semiconductor, Micron Technology, AMD, Intel, Qualcomm, Broadcom, Marvell Technology, Materials, Global, Lam Research, Netflix, Viking Global, NXP Semiconductors, Semiconductor Locations: Apple, Amazon
Virtual-events startup Hopin was a pandemic winner when it hit a $7.8 billion valuation in 2021. Now its CEO is stepping down, it's selling off parts of its business, and is set to hand back investor cash. But as vaccinations arrived and the travel restrictions eased, demand for Hopin's platform waned. "The pandemic was an extraordinary time to be investing," one London-based tech investor who had not backed Hopin said. Armed with more than $1 billion in investor cash, Boufarhat opted to make acquisitions.
Persons: Johnny Boufarhat, Boufarhat, Andreessen Horowitz, Catalyst, Slack, Hopin, Johnny ", Hopin Boufarhat, outsized, Streamyard, Badri Rajasekar, Klarna Organizations: Tiger, UPS, RingCentral, University of Manchester, Financial Times, Venture, Founders, Microsoft, Private Locations: London, Australia, Lebanese, US, Dubai, Papua New Guinea, Switzerland, Hopin
Hopin, last valued at $7.8 billion, said on Wednesday it has sold its virtual events business. Hopin founder Johnny Boufarhat is also set to depart his role as CEO next month. Hopin, one of Europe's fastest-growing startups in history, has sold its main events business for an undisclosed fee, the company announced on Wednesday. But a slowdown in demand for virtual events as the world reopened mixed with a broader downturn in tech has hobbled the company's growth. Now, Hopin said it has sold its main events business – Events and Sessions – to RingCentral, a publically-listed cloud communications provider.
Persons: Hopin, RingCentral, Johnny Boufarhat, Andreessen Horowitz, Badri Rajasekar, Boufarhat, StreamYard Organizations: Tiger Global, Catalyst, Financial Times, Sunday Times Locations: Hopin
NEW DELHI, July 26 (Reuters) - India's Goods and Services Tax (GST) Council will meet on Aug. 2 to decide on a 28% tax on funds that online gaming companies and casinos collect from customers, and finalise other rules, a government official said on Wednesday. The official asked not to be named because he was not authorised to speak to the media. The Finance Ministry and GST Council Secretariat did not immediately respond to a Reuters request for comment. Since the government first announced its plan for the tax on July 11, the gaming industry and its investors have asked it to review the decision, which will increase the tax burden on both companies and consumers. This would be taken into account when a final decision is taken by the GST Council, Malhotra told NDTV.
Persons: Nirmala Sitharaman, Narendra Modi, Sanjay Malhotra, Malhotra, Nikunj Ohri, Savio D'Souza Organizations: Goods, Services Tax, India's, Finance Ministry, Tiger, Steadview, NDTV, Thomson Locations: DELHI
At the same time the company continues to raise money for its latest venture capital fund. For years, Tiger Global, Chase Coleman's $50 billion investment fund, went on a fundraising tear, raising billions of dollars in fresh capital and dominating the venture ecosystem in the process. This includes the firm's flagship hedge fund as well its crossover fund, created in 2021, which combines Tiger's public and private investments into a single strategy. Between July 2022 and July 2023 the Tiger Global fund, the Tiger Global Crossover fund, and the Tiger Global Long Opportunities fund, through their US and Cayman Islands feeder funds, raised about $53 million in total. A spokesperson for Tiger Global declined to comment for this story.
Persons: Chase, Carlyle, TCV, Tiger Organizations: Tiger, SEC, Tiger Global, Apollo, TPG, Insight Partners Locations: Cayman Islands, PitchBook
Goldman Sachs (GS.N), Morgan Stanley (MS.N) and JPMorgan Chase (JPM.N) are among the banks helping Shein with its IPO preparation, according to six of the sources. Didi was delisted from the New York Stock Exchange (NYSE) a year later amid Beijing's crackdown on Chinese technology giants over antitrust and data security rules. Shein officials in Singapore, where the company is headquartered, declined to comment on any IPO plans or on discussions with the investment banks and exchanges. Last week, Reuters reported that Shein had filed its IPO registration confidentially with the U.S. Securities and Exchange Commission. Shein was valued at more than $60 billion in a $2 billion private fundraising round in March.
Persons: Goldman Sachs, Morgan Stanley, JPMorgan Chase, Didi Global's, Didi, Shein, Chris Xu, Kane Wu, Julie Zhu, Greg Roumeliotis Organizations: YORK, Shein, New York Stock Exchange, Nasdaq, JPMorgan, NYSE, Reuters, U.S . Securities, Exchange Commission, SEC, General Atlantic, Tiger Global, Sequoia Capital, Thomson Locations: China, United States, Singapore, U.S, Beijing, Washington , U.S, Ukraine, China's Xinjiang, Xinjiang, Sequoia Capital China, Nanjing, China's, Jiangsu, Hong Kong, New York
Two top PGA officials will testify before Congress about the association's controversial merger. Tour COO Rob Price is among the officials that will testify before a Senate subcommittee on July 11. "We look forward to appearing before the Senate Subcommittee to answer their questions about the framework agreement that keeps the PGA TOUR as the leader of professional golf's future and benefits our players, our fans, and our sport," PGA Tour spokesperson Joel Schuchmann said in a statement to Insider. Norman played an integral role in LIV golf, enduring public criticism for taking on the PGA and partnering with Al-Rumayyan. "In fact, prior to this agreement, PGA Tour was one of the loudest critics of LIV Golf's affiliation with Saudi Arabi."
Persons: Rob Price, Democratic Sen, Richard Blumenthal, , LIV, Sen, Ron Johnson, Jimmy Dunne, Joel Schuchmann, Blumenthal, Johnson, bin Othman Al, Greg Norman, Norman, Chris Murphy, Jay Monahan, LIV Golf's, Tiger Woods, Woods Organizations: Democratic, Service, Capitol, Republican, PGA, Al, LIV, Saudi, Connecticut Democrat, Twitter Locations: Saudi, LIV, American, Connecticut, Saudi Arabi
Exclusive: China's Shein files for U.S. IPO
  + stars: | 2023-06-29 | by ( Kane Wu Julie Zhu | Kane Wu | Julie Zhu | ) www.reuters.com   time to read: +3 min
[1/3] A Shein logo is pictured at the company's office in the central business district of Singapore, October 18, 2022. Shein has confidentially submitted its IPO registration with the U.S. Securities and Exchange Commission (SEC), the sources said. In pressing on with its IPO plans, Shein is braving heightened tensions between the United States and China over trade, sensitive technology, human rights and the future of Taiwan. The United States bans exports from Xinjiang for this reason. U.S. lawmakers are also seeking to restrict the "de minimis" tariff exemption widely used by e-commerce retailers such as Shein to send orders from China to the United States.
Persons: Chen Lin, Didi, Shein, Chris Xu, Kane Wu, Julie Zhu, Chizu Nomiyama, Nick Zieminski Organizations: REUTERS, New, U.S . Securities, Exchange Commission, SEC, General Atlantic, Tiger Global, Sequoia Capital, Thomson Locations: Singapore, New York, United States, China, Taiwan, China's Xinjiang, Xinjiang, Sequoia Capital China, U.S, Ukraine, Nanjing, China's, Jiangsu, Hong Kong
It’s also the first major since the golfing world was rocked by the announcement of a partnership between the PGA Tour, DP World Tour, and LIV Golf earlier this month. 2 Jon Rahm spoke of the “betrayal” felt by PGA Tour players following the “bombshell” announcement, expressing his discomfort at the perceived lack of clarity and unanswered questions surrounding the deal. However, one of the partnership’s primary architects, PGA Tour commissioner Jay Monahan, was not on site to respond as he recuperates from a medical situation. Monahan has been relieved of day-to-day duties while he recovers, the PGA Tour announced Tuesday. After a second PGA Tour victory at the RBC Heritage in April earlier this year, the world No.
Persons: CNN —, It’s, LIV, Jon Rahm, , Jay Monahan, Monahan, Matt Fitzpatrick, Brooks Koepka, Scottie Scheffler, Will Zalatoris, Koepka, Rahm, Rory McIlroy, Tiger Woods, Matt York, Fitzpatrick, Warren Little, ” Fitzpatrick, I’ve, Norway’s Viktor Hovland, Wanamaker, “ There’s, Harry, Jack Nicklaus, Walter Hagen, Organizations: CNN, 123rd, Los Angeles Country Club, PGA, USA Network, NBC, Sky Sports, Sheffield, RBC Heritage, Getty, North, Championship Locations: California, Massachusetts, New York, Brookline, Los Angeles, North America
So if you have to come in, where's the best place to go? Note: Most of the companies listed below have multiple office locations beyond the one listed. An open letter to big banks going through an identity crisis. My open letter to big banks. Here's a list of nearly a dozen of the best chocolates you can buy, according to a professional chocolatier.
Persons: Dan DeFrancesco, we've, Spencer Platt, It's, Goldman Sachs, BNY Mellon, We'll, Morgan Stanley, Jefferies, You've, I'm, Gene Wilder, Willy Wonka, Stephanie Cohen, Banks, We've, Brace, it's, Jeffrey Cane, Hallam Bullock Organizations: Getty, Apple, Downtown . Companies, NYSE, BNY, Metro North, . Companies, Bank of America, Barclays, BNP, Midwest, Midtown East . Companies, Blackstone, Millennium, Grand Central, Yards, Hudson Yards, Plaid, Rho Technologies, Connecticut . Companies, Paramount, Maverick Capital, Tiger Global, D1, JPMorgan, LinkedIn Locations: Downtown, JPMorgan, MarketAxess, BlackRock, midtown, — Flatiron, NoHo, Connecticut, Bridgewater, AQR, London, Citadel, New York
Alexis Ohanian and the Williams sisters have bought another sports team to bring to Los Angeles. Ohanian and the Williams sisters are the first to buy a TGL golf league team. Ohanian is already the principal owner and founding investor of LA's National Women's Soccer League team, Angel City FC. Alexis Ohanian said in a tweet that their daughter Olympia is also a co-owner of the new golf team. A rendering of the TGL golf league venue in Florida.
Persons: Alexis Ohanian, Williams, Tiger Woods, Rory McIlroy, Ohanian, Serena Williams, Venus, Eva Longoria, Jessica Chastain, Christina Aguilera, Charles Krupa, Woods, McIlroy, Mike McCarley, McIIroy, Justin Thomas, Jon Rahm, LIV Golf, LIV, Phil Mickelson, Brooks Koepka, There's, LIV Golf's Organizations: TGL, Angel City FC, Morning, Los Angeles Golf Club, NFL, MLB, NBA, NHL, MLS, Seven, Los, LA's, Women's Soccer League, Williams, Serena Ventures, TMRW Sports, PGA, NBC Sports, Golf, PGA Tour, Tour, Masters Locations: Los Angeles, Angeles, Olympia, Palm Beach , Florida, Florida, Saudi Arabia
It's the first team for TGL, a new pro golf league established by Tiger Woods and Rory McIlroy. The couple, along with Williams' sister Venus, have bought the first golf team for TGL, a new league developed by golf greats, Tiger Woods and Rory McIlroy. Ohanian and the Williams sisters are the first to buy a TGL golf league team. Alexis Ohanian said in a tweet that their daughter Olympia is also a co-owner of the new golf team. A rendering of the TGL golf league venue in Florida.
Persons: Alexis Ohanian, Williams, Tiger Woods, Rory McIlroy, Ohanian, Serena Williams, Venus, Eva Longoria, Jessica Chastain, Christina Aguilera, Charles Krupa, Woods, McIlroy, Mike McCarley, McIIroy, Justin Thomas, Jon Rahm, LIV Golf, LIV, Phil Mickelson, Brooks Koepka, There's, LIV Golf's Organizations: TGL, Angel City FC, Morning, Los Angeles Golf Club, NFL, MLB, NBA, NHL, MLS, Seven, Los, LA's, Women's Soccer League, Williams, Serena Ventures, TMRW Sports, PGA, NBC Sports, Golf, PGA Tour, Tour, Masters Locations: Los Angeles, Angeles, Olympia, Palm Beach , Florida, Florida, Saudi Arabia
Futu offers services to Chinese citizens who already hold dollars and other currencies in bank accounts abroad. Photo: Budrul Chukrut/Zuma PressTwo Nasdaq-listed online brokerages that cater to clients in China are preparing to further curtail their offerings in the country, amid tightening controls by Beijing on private firms, capital flight and data flows. Futu Holdings and Up Fintech Holding, known as Tiger Brokers, are planning to remove apps from online stores in China that allow their customers to trade stocks overseas, according to people familiar with the matter.
Shares of online brokerages Futu Holdings and Up Fintech Holding were sharply lower on the Nasdaq Tuesday after they said they'll remove their apps from online stores on the Chinese mainland in response to "rectification requirements" from the Chinese Securities Regulatory Commission. Tencent -backed Futu will remove its Futubull app from app stores in China by May 19, and Up Fintech said it will remove its app, Tiger International, by May 18. Both companies said existing mainland Chinese customers will still be able to trade using the apps. Up Fintech said existing Chinese mainland clients will receive links for instructions on how to update and download the app going forward, while Futu gave a phone number for clients to call. The two Chinese firms stopped accepting mainland Chinese clients at the end of last year after the CSRC started inquiries regarding their cross-border operations, including providing cross-border securities services for domestic investors.
Macquarie added roughly 78 million new American Depositary Shares (ADRs) of TSMC to an existing position, and ended March with $7.3 billion in the company. Fidelity bought 14.1 million new shares, increasing its bet on the company to nearly $4 billion. Coatue Management, founded by Philippe Laffont, built a new position in the chipmaker as it bought 5.9 million shares, worth $548.9 million. U.S.-listed shares of TSMC have gained nearly 14.5% this year. Reporting by Carolina Mandl, in Sao Paulo; Editing by Ira Iosebashvili and Anna DriverOur Standards: The Thomson Reuters Trust Principles.
But the tug that Henry exerts on his father’s heart, while scarcely new, is ever more evident — in particular during the goodbyes that close the episode, when Ted can scarcely let go of Henry’s backpack. NateWhen we first run across Nate this episode, he is in bed in the morning. Upon waking, she quickly determines that, charmingly, Nate had already gotten up, showered, shaved, brushed his teeth and gotten back into bed. We’ve gone straight from romantic tension to romantic fulfillment without witnessing the romantic journey at all, at least so far. Which is perhaps part of the reason Nate’s most moving relationship is still his complicated one with Ted.
Bloomberg deals in data — via its ubiquitous terminal — which serves as the lifeblood of Wall Street. (A funny nugget from the FT story: Bloomberg is not part of the Bloomberg Billionaires Index. In many ways, the Bloomberg terminal is the cockroach of Wall Street. Tiger Global's down bad. Here's more on Tiger Global's unique approach to investing in startups and why it backfired.
CNN —Tiger Woods has completed “successful” surgery on his ankle following his withdrawal from The Masters earlier this month, the 47-year-old announced Wednesday. The surgery, performed at HSS Sports Medicine Institute in New York City, was deemed to be “successful” by Dr Martin O’Malley, according to a post from Woods’ Twitter account. “Earlier today, Tiger Woods underwent a subtalar fusion procedure to address post-traumatic arthritis from his previous talus fracture,” the statement said. Woods walks with his caddie Joe LaCava during the first round of The Masters. Andrew Redington/Getty ImagesWoods’ withdrawal at Augusta sparked further questions about his future in game, with Woods himself unsure as to how many Masters appearances he had left in him.
The lucky breaks that built Nike
  + stars: | 2023-04-08 | by ( Matthew Kish | ) www.businessinsider.com   time to read: +5 min
Fittingly as "Air" hits theaters, Nike will release an Air Jordan in "lucky green." "Luck plays a big role," Nike cofounder Phil Knight wrote in the closing of his 2016 memoir, "Shoe Dog." Athletes get lucky, poets get lucky, businesses get lucky." Knight wrote. Next Wednesday, Nike will release the "Black and Lucky Green" Air Jordan 1.
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