Month: January 2021

Investment News

Two Harbors Investment Corp. Announces Proposed Public Offering of Convertible Senior Notes due 2026

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The MarketWatch News Department was not involved in the creation of this content.

Two Harbors Investment Corp. (NYSE: TWO), an Agency + MSR mortgage real estate investment trust, today announced that it plans to offer, subject to market and other conditions, up to $250 million aggregate principal amount of convertible senior notes due 2026 (the “Notes”) in an underwritten public offering. The company also expects to grant the underwriters of the offering a 13-day option to purchase up to an additional $37.5 million aggregate principal amount of the Notes to cover over-allotments, if any.

The Notes will be unsecured,

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Investment News

Traliant Announces Majority Investment from PSG

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The MarketWatch News Department was not involved in the creation of this content.

Traliant, a leading provider of online workplace compliance training solutions, today announced a majority investment from funds advised by PSG, a leading growth equity firm partnering with lower middle-market software and technology-enabled service companies. PSG’s Tom Reardon, Managing Director, and Chris Andrews, Principal, have joined Traliant’s Board of Directors. Financial terms were not disclosed.

Traliant has rapidly grown since its founding in 2016 and currently serves over 5,000 organizations globally, including small and mid-sized businesses as well as a growing number of large enterprises such as Hilton

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Investment News

E-discovery firm Reveal nabs $200 million and buys data company

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  • Reveal, an AI-powered e-discovery platform, announced Tuesday that it’s merging with Brainspace, a visual analytics platform used for digital investigations.
  • The company also snapped up $200 million from K1 Investment Management, a private equity firm.
  • The acquisition and investment are part of Reveal’s growth strategy as it seeks to boost its AI technology and take on the e-discovery giant, Relativity.
  • Visit Business Insider’s homepage for more stories.

Reveal, an e-discovery platform fueled by artificial intelligence, has acquired Brainspace, a visual analytics platform used for digital investigations, giving the company an edge against competitors.

The deal brings over 100 new customers

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Investment News

Liberty One Investment Management Releases Thought-Provoking White Paper

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CHICAGO – January 26, 2021 – ( Newswire.com )

Liberty One Investment Management released a thought-provoking white paper for distribution last week: “Defining and Investing in Recession Resistant Industries,” by Nick Ng, CFA, Liberty One’s Lead Portfolio Manager.

“Recessions and market cycles are an inevitable part of the investment journey,” says Nick as he unpacks key elements of his research. “When it comes to recessions, not all industries are created equal. The impact a recession has on a company or an industry is as much technical as it is behavioral. Demand elasticity for a company’s goods or services is just

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Investment News

Tesla investment reaps $29bn profit for Edinburgh fund

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Elon Musk has made so much money from Tesla that he is now the richest person on the planet. However, the second-biggest winners are investors in an Edinburgh-based investment fund that began backing Musk’s electric car company in 2013.



Elon Musk wearing a suit and tie: Photograph: Alexander Becher/EPA

© Provided by The Guardian
Photograph: Alexander Becher/EPA

Scottish Mortgage Investment Trust’s investments in Tesla have made an extraordinary $29bn (£21bn) for investors including pension funds, foundations and charities, according to figures released to the Guardian.

Tech companies have seen their values soar this year following a surge in profits as the pandemic has driven the adoption of digital services

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Investment News

Qatar Investment Authority nets $892 million gain from Tiffany & Co. sale

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FILE PHOTO: Tiffany & Co. jewelry is displayed in a store in Paris, France, November 25, 2019. REUTERS/Gonzalo Fuentes

LONDON (Reuters) – Qatar Investment Authority made a gain of around $892 million when it sold shares in Tiffany & Co as part of LVMH’s $15.8 billion acquisition of the U.S. jeweller, according to analyst estimates and filing data.

The French luxury goods group concluded its acquisition of the retailer last week in which QIA had been a longstanding investor having initially acquired a 5.2% stake in late 2011.

After building that stake up over several years, QIA sold its remaining

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London resilient at top of European tech investment table despite COVID

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LONDON (Reuters) – London retained its position as the top European destination for tech venture capital in 2020, with levels near the record amount of the year before despite the impact of COVID-19, according to research by Dealroom.co and London & Partners.

FILE PHOTO: People wearing face masks wait at a bus stop on London Bridge, amid the outbreak of the coronavirus disease (COVID-19), with the City of London financial district in the background, Britain, January 8, 2021. REUTERS/John Sibley/File Photo

Start-ups and growth companies attracted $10.5 billion worth of funding, accounting for more than a quarter of all investment

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Investment News

Miami mayor considers bitcoin investment to create crypto hotbed

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The mayor of Miami wants to make his city more appealing to Big Tech by embracing bitcoin and even investing some government funds in the cryptocurrency.

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“If I would have done it last year, I would have made 200 plus percent,” Mayor Francis Suarez said on FOX Business’ “Varney and Co.” “So I would have looked like a genius.”

MARK CUBAN PREDICTS BITCOIN, TOP CRYPTOS TO THRIVE LIKE TECH-BUBBLE SURVIVORS

The mayor told host Stuart Varney that Miami is looking into allowing citizens to pay taxes and fees to the city in bitcoin.

“We want

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Investment News

Bitcoin frenzy drives 900% surge in assets for crypto investment firm Grayscale

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Dado Ruvic/Reuters

© Dado Ruvic/Reuters
Dado Ruvic/Reuters
  • Crypto investment firm Grayscale enjoyed a 900% surge in assets under management last year as bitcoin’s rally drove multibillion-dollar inflows.
  • The firm’s assets ballooned to $20.2 billion from $2 billion in 2020, according to a Thursday report. Grayscale’s Bitcoin Trust drove most of the inflows, growing to $17.5 billion AUM from $1.8 billion.
  • Institutional investors’ warming to bitcoin also aided the firm. Such funds counted for 86% of flows into Grayscale products in 2020, as well as 93% of all fourth-quarter inflows.
  • The firm’s rapid expansion came as bitcoin spiked higher through the end
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Investment News

JPMorgan trims loan reserves on hopes for recovery

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By Anirban Sen, David Henry

(Reuters) – JPMorgan Chase & Co reported a better-than-expected quarterly profit on Friday as it released some of the cash it had built up against coronavirus-driven loan losses, although the bank cautioned that demand for loans was likely to remain sluggish this year.

FILE PHOTO: A view of the exterior of the JP Morgan Chase & Co. corporate headquarters in New York City May 20, 2015. REUTERS/Mike Segar

For most of last year, Main Street lenders were grappling with the economic fallout of the pandemic, setting aside tens of billions of dollars to cover potential

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