Legendary Macro Hedge Fund Manager Dalio On Russia: Key Things To Watch In Battle Over New World Order (The Moguldom Nation)
Billionaire legendary hedge fund manager Ray Dalio outlined some of the key issues he said investors and non-investors need to pay attention to as the war in Ukraine marks the start of what he described as a “new world order”. Dalio, the founder of investment firm Bridgewater Associates – one of the world’s largest hedge funds – said he believes Russia’s invasion of Ukraine is the part of a bigger “war for control of the world order.”
Piano Maker Steinway Musical Instruments Plans IPO (Barron’s)
Steinway Musical Instruments Holdings, the renowned piano maker backed by hedge-fund mogul John Paulson, has filed to go public, again. Steinway did not disclose how many shares it would sell or a potential price range, according to an April 14 prospectus. That information should come in future filings. The New York-based company’s shares will trade on the New York Stock Exchange under the ticker STWY.
Fonoa, a European Tax Startup Founded by 3 Ex-Uber Employees, is Set to Raise Around $50 Million from Coatue (Business Insider)
Irish tax automation startup Fonoa is set to raise fresh funding from hedge fund Coatue, Insider understands. Founded in 2019, Fonoa helps global businesses understand and manage their tax obligations in different jurisdictions through its API. The Dublin-based business was founded by three Croatian ex-Uber employees and works with companies such as Lime, Uber, Teachable, GoStudent and Zoom. Coatue, the crossover investor that has backed European startups including German neo-bank N26 and fast-delivery startup Gorillas, is set to lead Fonoa’s upcoming Series B funding round, two sources familiar with the deal said.
One Equity Partners Raises $2.75bn Private Equity Fund (Opalesque)
One Equity Partners (OEP), a private equity firm with over $10bn in AUM, has raised $2.75 billion in commitments for its One Equity Partners VIII (OEP VIII) fund. “Thanks to strong demand from investors, the fund was significantly oversubscribed, and the hard cap was increased,” said a press release from the middle-market private equity firm focused on the industrial, healthcare, and technology sectors in North America and Europe.
SS&C GlobeOp Hedge Fund Performance Index at 0.97% for March (Hedge Week)
The gross return of the SS&C GlobeOp Hedge Fund Performance Index March 2022 measured 0.97%. Hedge fund flows as measured by the SS&C GlobeOp Capital Movement Index, meanwhile, declined 0.38% in April. “SS&C GlobeOp’s Capital Movement Index for April 2022 declined to -0.38% compared to a gain of 0.28% a year ago,” said Bill Stone, Chairman and Chief Executive Officer, SS&C Technologies. “It should be noted that prior to the outbreak of Covid-19, capital movements for the month of April had historically run negative, so the reading of -0.38% is in line with longer-term averages.
