Tiger Global Meets Early-Stage Investors as It Looks to Double Down on Young Startups in India (Money Control)
Tiger Global Management, one of the world’s largest technology investors, is aggressively eyeing early-stage investments in India as the New York-based hedge fund company remains bullish on younger tech startups in the country even as valuations of high-growth technology companies are dwindling elsewhere. Shine Sameul, Associate at Tiger Global, based out of Bengaluru, is conducting meetings with a number of global early-stage investors, including Sequoia Capital India, Accel, and 3one4 Capital, among others, at least three people aware of the matter told Moneycontrol.
How To Evaluate Financial Statements To Find Winners Like Warren Buffett (DataDrivenInvestor)
Recently, I’ve read through The Essays of Warren Buffett and realized that I’ve been doing value investing the wrong way. But, what do I mean by the wrong way? Originally, I thought the right way to do value investing was just to find some numbers on a financial statement, compare them with other companies and plug them into a calculator to evaluate how much I should pay for an investment. At the outset, that’s what value investing seems like but I was totally wrong.
Apollo to Lose Control of Lumileds in $1.3 Billion Debt Deal (Bloomberg)
Apollo Global Management LLC is set to lose control of a lighting components firm it owns after the company reached a deal to reduce its debt and filed for bankruptcy, as it grapples with supply chain constraints exacerbated by the war in Ukraine. Lumileds Holding B.V., which supplies energy-efficient LED lighting for automotive displays, said in a statement it entered into an agreement with key lenders and commenced Chapter 11 proceedings limited to its US and Netherlands operations. It said it expected to emerge from proceedings within 60 days after cutting its debt by $1.3 billion.
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More Othania Funds Available on Nasdaq (Hedge Nordic)
Stockholm (HedgeNordic) – Othania Stabil Investering, a multi-asset fund investing equally in five different and uncorrelated asset classes via liquid exchange-traded products, has been listed for trading on Nasdaq Copenhagen. The listing comes less than a week after the Danish boutique asset manager’s pure equity fund – Othania Globale Aktier – was also admitted to trading on Nasdaq Copenhagen.
Funds Firmly in Hawkish Fed Camp with Record Bet on Rates: McGeever (Reuters)
ORLANDO, Fla. (Reuters) -“Don’t fight the Fed” is a well-worn market maxim, and hedge funds are sticking to it like glue. U.S. futures markets positioning data show that speculators are heeding the increasingly clear signals from Federal Reserve officials that interest rates will be raised as high as is necessary to bring inflation back under control. The Commodity Futures Trading Commission report for the week to August 23 – three days before Fed Chair Jerome Powell’s Jackson Hole speech – show that funds increased their record bet on higher interest rates, and amassed their largest short position in two-year Treasuries futures in over a year.
