Best printers for Home

Best Mixer Grinder

Best wired Earphones

Best 43 Inch TV in India

Best Wi Fi Routers

Best Home Theatre in India

Smart Watch under 5000

Best Laptops for Education

Best Laptop for Students

<ul class="summary-list"><li><keyword id="13358582" type="UNKNOWN" weightage="60" keywordseo="aravt-global" source="Orion">Aravt Global</keyword> is closing after a slew of recent losses on growth <keyword id="11893878" type="UNKNOWN" weightage="60" keywordseo="stocks" source="Orion">stocks</keyword> like PayPal and GitLab, according to a WSJ report. </li><li>The <keyword id="11918410" type="UNKNOWN" weightage="60" keywordseo="hedge-fund" source="Orion">hedge fund</keyword> lost 8.5% last year, and has had double-digit losses to start 2022. </li></ul>Hedge fund Aravt Global is closing down after big bets on growth stocks like <a href="https://markets.businessinsider.com/stocks/pypl-stock">PayPal</a> and <a href="https://markets.businessinsider.com/stocks/gtlb-stock">GitLab</a> turned sour, according to the <a href="https://www.wsj.com/articles/aravt-global-shutting-down-as-hedge-funds-get-hit-by-unraveling-of-growth-trade-11646908200">Wall Street Journal</a>.The firm — which prioritized investments in companies that would post regular, above-average growth — lost 8.5% last year, and was already down by double digits so far in 2022, the report said. And from its start to 2018, Aravt Global averaged lower than 2% per year of investment gains. "When we launched in 2014, I made a promise to return capital if I ever lost conviction in our ability to deliver superior absolute returns sustainably," wrote founder Yen Liow in a February letter that was seen by the WSJ. "I believe our flagship long/short equity strategy has reached that point."The growth-stock trade previously proved successful as investors piled into companies with more potential than profits, helped by easy-money policies from central banks.But that began to unravel as the easing of pandemic-related restriction shifted momentum toward more established "reopening" stocks and away from growth stocks.The Fed's hawkish pivot recently also hit growth stocks, and Russia's invasion of Ukraine has slammed tech shares especially hard as investors seek safe havens. In fact, the tech-heavy Nasdaq is down nearly 18% so far this year.Aravt isn't the only hedge fund to sustain big hits, though others have more capital with which to weather the storm. To start this year, hedge funds Melvin Capital, D1, Tiger Global, and others have had <a href="https://www.businessinsider.com/melvin-capital-d1-tiger-global-double-digit-losses-market-selloff-2022-1">a rocky start amid the brutal growth sell-off.</a>

Hedge fund Aravt Global is shutting down after bets on high-flying growth stocks unraveled, report says

<keyword id="1518229" type="PERSON" weightage="20" keywordseo="Lenskart">Lenskart</keyword> on Monday said global investment firm <keyword id="6354544" type="COMPANY" weightage="20" keywordseo="kkr">KKR</keyword> will invest <keyword id="54123" type="COMPANY" weightage="20" keywordseo="USD">USD</keyword> 95 million (about Rs 695.8 crore) in the omni-channel eyewear retailer via a secondary stake acquisition. As part of the transaction, existing <keyword id="6359051" type="UNKNOWN" weightage="20" keywordseo="investors">investors</keyword> - TPG Growth and TR Capital - will each divest a portion of their holding in Lenskart, a statement said. These entities had invested in Lenskart in late 2014. Upon the completion of the transaction, KKR will look to leverage its experience working with leading technology and eyewear companies globally to support Lenskart in expanding its presence in India, scaling its growing operations overseas, and enhancing its digital offerings to augment customers' virtual and omni-store experience, the statement said. According to reports, KKR's investment is part of a larger USD 300-million round. However, the companies did not comment on the report and if other investors have participated in the round. KKR said it is making its investment from its Asian private equity fund. Some of the recent technology-focused investments for KKR in Asia include Adopt A Cow (a digitalised, direct-to-consumer dairy company in China), NetStars (the operator of Japan's largest QR code payment gateway), and Walnut Programming (a children's programming education company in China). In 2019, Lenskart had announced raising over USD 275 million (nearly ₹1,956 crore) from Softbank Vision Fund. In the past, it has received funding from investors' like Ratan Tata, PremjiInvest, <keyword id="85860" type="COMPANY" weightage="20" keywordseo="IFC">IFC</keyword> (venture capital arm of the <keyword id="6354424" type="COMPANY" weightage="20" keywordseo="world-bank">World Bank</keyword>), TPG Growth, IDG Ventures, Unilazer Ventures and Adveq. Established in 2010, Lenskart currently serves over 7 million customers annually through its omni-channel presence that spans online, mobile application, and 730 stores in 175 cities across the country. In 2019, Lenskart had also expanded to Singapore, marking its foray into Southeast Asia. Lenskart integrates technology into all aspects of its operations, to the browsing, shopping and purchasing experience, in addition to manufacturing and supply-chain optimisation. Among Lenskart's digital offerings is a virtual 3D try-on tool; AI-powered facial mapping and frame recommendation features; smart physical stores with seamless omni-channel experience; and footfall tracking beacons, heat maps and demographic analytics; and intelligent supply-chain and inventory-management solutions. More than 600 million people in India and 4.5 billion people globally need vision correction, but only a fraction of them use it due to a lack of access, awareness, and high-quality, affordable solutions, Lenskart CEO Peyush Bansal said. Lenskart was founded to address this gap by leveraging technology to make eyewear accessible to everyone - first in India, and now worldwide, he added. "In the next five years, we aspire to have 50 per cent of India wearing our specs... We are thrilled to welcome KKR as an investor given their significant experience working with leading global eyewear retailers such as National Vision and 1-800 Contacts as well as technology-focused businesses globally," he said. KKR Partner Gaurav Trehan said as a technology-driven business, Lenskart is a strong, homegrown disruptor in India's rapidly expanding eyewear industry. "We are truly excited to work with Peyush and Lenskart's impressive management team to support Lenskart's growth and innovation in India and internationally, in addition to advancing its mission to provide affordable, accessible eyewear products for everyone," he added. Avendus Capital advised Lenskart on the transaction. SEE ALSO: <a href="https://www.businessinsider.in/tech/apps/news/battlegrounds-mobile-india-pre-registrations-to-begin-on-may-18/articleshow/82702403.cms">PUBG Mobile: Battlegrounds Mobile India pre-registrations to begin on May 18 – rewards, maps and more</a> <a href="https://www.businessinsider.in/business/startups/news/ratan-tata-backed-moglix-is-the-13th-unicorn-from-india-this-year/articleshow/82702143.cms">Ratan Tata-backed Moglix is the 13th unicorn from India this year</a> <a href="https://www.businessinsider.in/cryptocurrency/news/elon-musk-hints-that-tesla-may-dump-its-billion-dollar-bitcoin-investment/articleshow/82699553.cms">Elon Musk hints that Tesla may dump its billion dollar Bitcoin investment — here’s why his tweets have so much power</a>

Lenskart gets funding of $95 million from global investment firm KKR

<ul><li> Bridgewater's Karen Karniol-Tambour told Bloomberg on Thursday that the "new era" of economic policy is the coordination of monetary and <keyword id="6415009" type="UNKNOWN" weightage="60" keywordseo="fiscal-policy">fiscal policy</keyword>. </li><li>Changes in interest rates and quantitative easing are no longer the primary drivers of economic cycles, she said.</li><li>She added that this new era of policies requires a diversified portfolio in case of inflation – most portfolios are too concentrated in <keyword id="6354298" type="DEFINITION" weightage="60" keywordseo="Stocks">stocks</keyword> and should add in gold or inflation-linked bonds.</li></ul><ul><li><a href="https://www.businessinsider.com/?hprecirc-bullet?utm_source=markets&amp;utm_medium=ingestgest">Read more on Business Insider</a>.</li></ul>Karen Karniol-Tambour told Bloomberg on Thursday that "as the world changes, <keyword id="35175" type="ORGANIZATION" weightage="60" keywordseo="investing">investing</keyword> needs to change with it," and broke down a macro-economic signal that could justify why investors too concentrated in <keyword id="45369" type="CITY" weightage="60" keywordseo="equities">equities</keyword> should diversify. The <keyword id="273844" type="COMPANY" weightage="60" keywordseo="Bridgewater-Associates">Bridgewater Associates</keyword> global head of investment research said that in most of modern history "interest rate changes were the primary driver of economic cycles." After the financial crisis, quantitative easing, or printing money, became the primary driver. But now, there's a "new era of policy." The current most important lever controlling economic cycles is the coordination of fiscal and <keyword id="6357126" type="DEFINITION" weightage="60" keywordseo="Monetary-Policy">monetary policy</keyword>, explained Karniol-Tambour. It's "printing money on one hand, and on the other hand running large fiscal expansion packages," the investment chief said. She added: "That combination means that printed money can make it into the hands of those who need it through the fiscal package."Read more: <a href="https://www.businessinsider.com/stock-market-crash-end-of-tech-rally-valuation-causes-impact-2020-8" target="_blank" rel="noopener">A Wall Street investment chief says the relentless surge in big tech stocks is headed for an abrupt ending — and warns it could sink the entire market by 40%</a>While central banks and the ECB have said for a long time that they need this fiscal coordination, the coordination hasn't happened in large part, around the world, until the pandemic, said Karniol-Tambour. The COVID-19 crisis was when "it became more clear and obvious that without fiscal stimulation we simply will not get out of the current downturn."There are investment implications to be drawn from this macro view. Karniol-Tambour said that for Bridgewater, the largest hedge fund in the world with more than $160 billion in institutional investments, "understanding how the world works is the single most important input to figure out how to invest." For example, the new levels of coordination between fiscal and monetary policy have left over a lot of money to go into the stock market, she explained. But, she said "most portfolios are already too concentrated in equities, so where a lot of our research has been is what are the most important assets to diversify equities in this environment of fiscal and monetary coordination?"Read more: <a href="https://www.businessinsider.com/stock-picks-to-buy-investing-strategy-for-biden-election-win-2020-8" target="_blank" rel="noopener">Joe Biden officially accepts the Democratic nomination this week. RBC says buy these 47 stocks spanning every industry that are poised to crush the market if he wins in a wave election.</a>Karniol-Tambour identified gold and inflation-linked bonds as two examples of diversifying assets that can be "very important to investors right now." She said that if policy makers don't succeed in getting the economy going, "they could easily succeed in still reflating." "Yesterday's inflation print really reflected that inflation is recovering much faster than in prior recessions, which is reflective of this new era of policies that we're in, and how important it is for investors to balance their equities with something that will help them in a case of inflation," Karniol-Tambour said. Read more: <a href="https://www.businessinsider.com/stock-market-crash-jim-rogers-warns-exorbitant-debt-central-banks-2020-8" target="_blank" rel="noopener">'We are going to pay the price': Famed investor Jim Rogers sounds the alarm on central bank money-printing and exorbitant debt — and warns the next market meltdown will be 'the worst in my lifetime'</a>

The head of investment research at the world's largest hedge fund says most portfolios are too concentrated in stocks

Eyewear retailer <keyword id="1518229" type="PERSON" weightage="20" keywordseo="Lenskart">Lenskart</keyword> on Monday announced it has raised $220 million in fresh funding led by Temasek and <keyword id="4675626" type="PERSON" weightage="20" keywordseo="Falcon-Edge-Capital">Falcon Edge Capital</keyword>, taking its valuation to nearly $2.5 billion. The company recently raised $95 million from <keyword id="2527060" type="PERSON" weightage="20" keywordseo="Global-Investment-Fund">global investment fund</keyword> <keyword id="6354544" type="UNKNOWN" weightage="20" keywordseo="kkr">KKR</keyword>, taking the total transaction size to $315 million to date. The current round also saw participation from Bay Capital and <keyword id="6947922" type="UNKNOWN" weightage="20" keywordseo="chiratae">Chiratae</keyword>, the company said in a statement. "We're already the largest eyewear player in India and in the top 3 in Singapore. Lenskart envisions to have 50 per cent of India wearing its specs over the next five years and become the #1 eyewear platform in Southeast Asia and Middle East over the next 18 to 24 months through organic and inorganic expansion," Founder and CEO Peyush Bansal said. The company said that fresh funds will help it expand its presence in India as well as scaling its growing operations in Southeast Asia and Middle East. "Lenskart has built a world-class fully backward-integrated omnichannel eyewear retail experience with extreme customer centricity," Falcon Edge Capital co-Founder and <keyword id="11674262" type="UNKNOWN" weightage="20" keywordseo="partner-navroz-udwadia">Partner Navroz Udwadia</keyword> said. The market opportunity for Lenskart in target geographies is expected to be over $15 billion by 2025. Along with the expansion, Lenskart is also planning to use the capital to deepen its investments in technology and AI-driven innovations to create a personalised experience for its customers. Founded in 2010, Lenskart is currently serving over seven million customers annually through its <keyword id="2535292" type="PERSON" weightage="20" keywordseo="Omni-channel">omni-channel</keyword> shopping experience with more than 750 omni-channel stores in 175 cities. In 2019, Lenskart expanded to Singapore -- marking its foray into Southeast Asia -- where it is now a key service provider for opticals. In May, Lenskart and KKR, a global investment firm, announced the signing of definitive agreements under which KKR invested $95 million in Lenskart via a secondary stake acquisition. SEE ALSO - <a href="https://www.businessinsider.in/tech/mobile/news/apple-could-finally-bring-the-always-on-display-feature-on-the-iphone-13/articleshow/84542970.cms">Apple could finally bring the always-on display feature on the iPhone 13</a> <a href="https://www.businessinsider.in/stock-market/news/g-r-infraprojects-ipo-makes-a-strong-listing-on-exchanges-with-over-100-premium-shares-open-at-1700/articleshow/84542747.cms">G R Infraprojects IPO makes a strong listing on exchanges with over 100% premium, shares open at ₹1700</a>

Lenskart raises $220 million to launch in Middle East, Southeast Asia

<ul class="summary-list"><li><keyword id="11893278" type="UNKNOWN" weightage="60" keywordseo="tiger-global" source="Orion">Tiger Global</keyword> has lost $17 billion in 2022 in one of the worst runs for a hedge fund in history, LCH Investments said.</li><li>The fund has now wiped out around two-thirds of the cumulative gains it had made for investments since it was founded in 2001.</li></ul>Hedge fund Tiger Global roared in 2020 and early 2021 as its huge bets on tech companies paid off. But the dramatic market sell-off this year has left the investment company licking its wounds.Tiger has racked up losses of $17 billion so far in 2022, according to LCH Investments, in one of the biggest drops in hedge fund history.Its dire performance this year has erased roughly two-thirds of the cumulative gains Tiger had made for investors since Chase Coleman founded the firm in 2001, LCH, an authority on <keyword id="11931680" type="UNKNOWN" weightage="60" keywordseo="hedge-funds" source="Orion">hedge funds</keyword>' performance, told Insider.Tiger Global shot to prominence during the coronavirus pandemic as it bet big on fast-growing technology companies, in a period when government and central bank stimulus was boosting <keyword id="11893875" type="UNKNOWN" weightage="100" keywordseo="markets" source="Orion">markets</keyword>.In 2020, the fund made $10.4 billion, according to LCH. At the end of that year, Coleman was seen as one of the best hedge fund managers of all time, having brought in $26.5 billion since 2001.But the market started to turn against Tiger in the last part of 2021, as inflation surged and investors became increasingly concerned that the Federal Reserve would hike interest rates, bringing to an end the easy-money era that had boosted many stocks.Tiger lost $1.5 billion in 2021, but has been bleeding cash this year as the Fed has <a href="https://www.businessinsider.com/fed-raises-interest-rates-may-double-sized-hike-mortgages-loans-2022-5">raised rates aggressively</a>, with more hikes likely. The fund had around $35 billion under management at the start of 2021, LCH data showed.According to hedge fund data provider WhaleWisdom, <a href="https://markets.businessinsider.com/news/funds/tiger-global-down-44-worst-year-ever-top-10-holdings-2022-5">Tiger's biggest holdings</a> at the start of the year were Chinese e-retailer <a href="https://markets.businessinsider.com/stocks/jd-stock">JD.com</a>; US tech giant <a href="https://markets.businessinsider.com/stocks/msft-stock">Microsoft</a>; and Singapore consumer internet company <a href="https://markets.businessinsider.com/stocks/se-stock">Sea Limited</a>.JD.com had tumbled 23% this year as of Monday's close; Microsoft was down 19%; and Sea Limited had plunged 70%.The LCH data was first reported by the Financial Times. Tiger Global declined to comment.

Hedge fund Tiger Global has plunged to a $17 billion loss this year as its huge tech bets go sour

<div class="KonaFilter image-container display-table float_right"><div><div class="image on-image">Flickr/ Keith Roper</div></div></div>Tiger Global Management just raised $2.5 billion for a new venture capital fund, <a href="http://www.sec.gov/Archives/edgar/data/1659414/000165941415000001/xslFormDX01/primary_doc.xml">according to a filing.</a>This is Tiger Global's tenth venture capital fund, and it will be called Tiger Global Private Investment Partners X, L.P. Lee Fixel, the head of Tiger Global's private equity and venture capital investing, will oversee the fund.Tiger Global's founder Chase Coleman wrote in a letter earlier this year that Fixel has spearheaded many of the fund's <a href="http://www.nytimes.com/2015/05/19/business/dealbook/tiger-global-to-revamp-management.html">"most important and successful investments."</a>Fixel, who joined the fund in 2006, <a href="https://www.linkedin.com/in/leefixel">has led </a><a href="https://www.linkedin.com/in/leefixel">investments in privately-held companies</a>, including Facebook, Linkedin, Warby Parker, Eventbrite, Makemytrip, Flipkart, Netshoes, Square, MercadoLibre, Trendyol, Jobs.ch and CatchoftheDay.Tiger Global declined to comment. <div class="margin-top"> <h3>NOW WATCH: <a href="http://www.businessinsider.com/james-altucher-american-dream-college-housing-debt-career-2015-11">JAMES ALTUCHER: The American Dream is a lie</a></h3> <div> <div> <div class="ooyala-video-player" data-video-autoplay="false" data-video-id="pxa24weTqtZQduLr4vlODX7xiO2oUVG5" data-player-variable="ooyalapopvideo" id="ooyalaplayer_popvideo" style="width:1280px;height:720px"></div> </div> </div> </div>

Tiger Global just raised $2.5 billion for a new VC fund

<div class="KonaFilter image-container display-table"><div><div class="image on-image">Getty Images/ Scott OlsonO. Andreas Halvorsen's Viking pumped $107 million into Druva Technologies.</div></div></div><ul class="summary-list"><li>Viking helped data-backup startup Druva Technologies push into unicorn status by leading a $130 million funding round earlier this summer. </li><li>The $30 billion hedge fund firm is opening its Viking Opportunities Fund to new commitments next year and making hires on its private investment team, according to an investor letter.</li><li>Viking put in $107 million of the funding round for Druva. The hedge fund firm, which also holds stakes in Microsoft and Amazon, calls the startup a "first mover." </li><li><a href="https://www.businessinsider.com/prime">Click here for more BI Prime stories.</a></li></ul>Count Druva Technologies as one company that's benefiting from hedge funds' push into the private markets. The 10-year-old cloud company reached unicorn status in June after a $130 million funding round led by O. Andreas Halvorsen's Viking Global Investors. The firm's Global Opportunities Fund accounted for $107 million of that round, according to an investor letter sent by Halvorsen on July 16. The $30 billion Viking said it believes that Druva, which has locations in six different countries, is positioned to grow quickly. Viking said its investment in public companies with cloud businesses - Amazon and Microsoft are two of its biggest holdings - led it to "appreciate the advantages Druva derives from being the first mover in a business that requires significant upfront investment to reach scale."The cloud company marks just one of many private investments Viking has made this year - the firm said in the letter it made more than $580 million in illiquid investments through the first half, and thanks to ideas like Druva, it is looking to grow its private investment team. See more: <a href="https://www.businessinsider.com/how-lone-pine-capital-stock-picks-winners-market-disruptors-2019-7">Lone Pine Capital stock-pickers explain why they're investing in Tiffany and Nintendo and how they value 'disruptors' like Beyond Meat</a>The Global Opportunities Fund has posted a return of 22.5% through the first half of the year, the letter said, besting both the market and the average hedge fund.The three funds that make up the firm - Global Opportunities, Global Equities, and Long Fund - now have roughly $30 billion in assets, just two years after dropping to $24 billion when Viking returned $8 billion of the Global Equities and Long Fund's assets to investors. Viking's growth since then has mostly been through returns, the letter said, though Global Opportunities received $900 million in new subscriptions from existing investors even as the other two funds have seen redemptions.Because of the pace of "idea generation," the Global Opportunities fund will be opened to new commitments on Jan. 1, the letter said.Viking declined to comment when reached for additional comment on the firm's plans. The letter said that Viking's five-person private investment team, led by Brian Kaufmann, will have two additional members joining the summer. There is also an open position for an eighth role. "The attractive deal flow sourced by the team is reflected in the capital deployed and committed to illiquid investments," the letter states. Three of the firm's private investments went public in the second quarter - BridgeBio Pharmaceuticals, Adaptive Biotechnologies, and Uber. The first two companies saw their stocks jump on the first day of trading, and Viking now owns a combined $760 million worth of stock in the two companies, despite investing less than $300 million in them over four years. See more: <a href="https://www.businessinsider.com/how-mutual-funds-value-unicorns-like-airbnb-and-wework-different-2019-7">Mutual funds are valuing unicorns like WeWork and Sweetgreen very differently. Now the SEC is paying more attention to these private stakes.</a> <div class="margin-top"> <h3>NOW WATCH: <a href="https://www.businessinsider.com/what-is-meteor-shower-perseids-orionids-leonids-2018-8">A spectacular meteor shower is coming - here's what you're actually seeing</a></h3> <div> </div> </div>

You Searched For "Global Investment Fund" and got 7 results

Hedge fund Aravt Global is shutting down after bets on high-flying growth stocks unraveled, report says

Phil Rosen

Lenskart gets funding of $95 million from global investment firm KKR

PTI

The head of investment research at the world's largest hedge fund says most portfolios are too concentrated in stocks

Emily Graffeo

Lenskart raises $220 million to launch in Middle East, Southeast Asia

IANS

Hedge fund Tiger Global has plunged to a $17 billion loss this year as its huge tech bets go sour

Harry Robertson

Tiger Global just raised $2.5 billion for a new VC fund

Julia La Roche

A Viking Global hedge fund is growing its private investing team after pumping $107 million into software unicorn Druva Technologies

Bradley Saacks

Popular Keywords

Buying Guides