Skymind raises $11.5 mln


This post is by Luisa Beltran from PE Hub Blog: Venture Capital Deals


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Skymind said March 22 that it raised $11.5 million in Series A finding led by TransLink Capital. Participating in the round were ServiceNow, Sumitomo’s Presidio Ventures, UpHonest Capital, and DCode with GovTech Fund. Early investors Y Combinator, Tencent, Mandra Capital, Hemi Ventures, and GMO Ventures, also joined the round. Skymind is an open-core data science company.

PRESS RELEASE

SAN FRANCISCO–(BUSINESS WIRE)–Skymind, the leading open-core data science company, has secured $11.5 million dollars in Series A financing. TransLink Capital, a Silicon Valley venture capital firm that helps entrepreneurs develop customer connections and partnerships in Asia, led the round with participation from ServiceNow, Sumitomo’s Presidio Ventures, UpHonest Capital, and DCode with GovTech Fund. Early investors Y Combinator, Tencent, Mandra Capital, Hemi Ventures, and GMO Ventures, also joined the round. To date, Skymind has raised $17.9 million in funding.
Skymind’s technology enables

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Onex to buy Gluskin Sheff for C$445 mln


This post is by Luisa Beltran from PE Hub Blog: Buyout Deals


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Onex Corp said March 22 that it agreed to buy Gluskin Sheff for C$14.25 per share or about C$445 million. Gluskin Sheff is a Canadian wealth management firm.

PRESS RELEASE

TORONTO–(BUSINESS WIRE)–Onex Corporation (“Onex”) (TSX: ONEX) and Gluskin Sheff + Associates Inc. (“Gluskin Sheff”) (TSX: GS) today announced they have entered into a definitive agreement under which Onex will acquire 100% of Gluskin Sheff for C$14.25 per share. The purchase price represents a 28% premium to Gluskin Sheff’s closing share price on March 22, 2019, and a 37% premium to the 60-day volume weighted average price (VWAP). The total cash consideration for 100% of Gluskin Sheff’s equity is approximately C$445 million.
This combination will bring together two of Canada’s most entrepreneurial and successful investment firms and broaden the product suite available to Gluskin Sheff’s clients. Gluskin Sheff will continue to be led by its existing leadership team and

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SightMD partners with Peconic Ophthalmology


This post is by Luisa Beltran from PE Hub Blog: PE-Backed Mergers and Acquisitions


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SightMD, a portfolio company of Chicago Pacific Founders, said March 22 that it is partnering with Peconic Ophthalmology. Financial terms weren’t announced. The deal adds one physician, Louis Pizzarello, M.D., and two locations in Riverhead and Southampton, New York, to SightMD.

PRESS RELEASE

HAUPPAUGE, N.Y. (PRWEB) MARCH 22, 2019

SightMD (or the “Company”), a leading multi-specialty ophthalmology platform and a portfolio company of Chicago Pacific Founders, today announced a strategic partnership with Peconic Ophthalmology (“Peconic”). The partnership adds one physician and two locations in Riverhead and Southampton to SightMD’s team of over 50 physicians and 28 convenient locations in New York.

Peconic is one of the Suffolk County’s preeminent providers of comprehensive ophthalmic care, including cataract and corneal surgery, glaucoma services, and treatment for conditions affecting the retina. Peconic’s founding physician, Louis Pizzarello, M.D., is a Suffolk County native who has practiced ophthalmology in

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Is This The Final High And The Top Was In 2018?


This post is by Greg Schnell from StockCharts.com - Blogs


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Much has been made of the 10-year yield dropping below the 3-month yield. This week it was particularly acute. The equity market (stocks) plummeted as the yields fell hard. The US banks dropped significantly. When the scale of interest rates loses its normal 'sort order' of longer term (10-year or 30 year) rates having higher yields than shorter term (3-month or 1-year) rates, this is referred to as an inverted yield curve. While it does not make a top by itself, it is important. Follow me through why this looks the same as 2000- and 2007 to me.

In summary, it looks like a top and it feels like a top. The settings are all the same. 

 

Graphs are a wonderful thing. They visualize the change quickly for us. However, portfolio managers all over the world are quickly diminishing the seriousness of this inversion as it takes months for a recession to

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Weekly Market Recap Mar 24, 2019


This post is by Mark Hanna from Stock Trading To Go


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It was looking like another week of Federal Reserve Kool Aid and crushing bears .. until Friday.  On the back of bad economic news out Europe, the yield curve inverted on the 3 month vs 10 year bond – before you fall asleep to that news, it is a quite important indicator for the economy (not necessarily the stock market… yet).   More on that in a bit.  As you can see the action in the bond…

Read the full article at StockTradingToGo.com

US Stocks Looking Vulnerable Again


This post is by Martin Pring from StockCharts.com - Blogs


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Long-Term Picture Remains Finely Balanced Short-Term Indicators Still Showing Weakness Confidence is Starting to Erode Again Financials Break Down from a Broadening Wedge Earlier in the month, I wrote about the Ides of March and the fact that the market looked overstretched, apparently in need of some mean reversal corrective activity. The market immediately thumbed its nose at my…

Second Roundup Verdict: Jury Finds Weedkiller a “Substantial Cause” of Plantiff’s Cancer


This post is by Jerri-Lynn Scofield from


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A San Francisco  jury found last Tuesday  that Roundup – the glyphosate-based weedkiller – was “a substantial cause “ of the plaintiff Edwin Hardeman’s non-Hodgkin’s lymphoma, in the first of a three-phrase process, which focused only on scientific evidence.

Sunday links: a useful truth


This post is by abnormalreturns from Abnormal Returns


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The Finance Function: Looking Back And Looking Forward


This post is by Fred Wilson from AVC


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High growth companies need to have a strong finance function. You can’t drive a car (or a plane) without some instrumentation. Most importantly, you need to know when you are going to run out of gas (or electricity).

The mission critical things that must be done in the finance function are mostly accounting related functions; pay bills, make payroll, keep track of expenses, maintain the books and records of the company. These are “must dos” and you need a person who has an accounting background to do most of them. But these are all “looking back” functions in the way I think about the finance function.

What is even more important in a high growth situation is the ability to look forward, to project, and to make sure that the company doesn’t run out of money.

In order to look forward, you need to know where you are, and that

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Europe vs The USA… And The Winner Is ….


This post is by Julius de Kempenaer from StockCharts.com - Blogs


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I like to keep an eye on what’s going on in the world around us. That means also monitoring what’s happening in markets that are maybe not directly of interest when it comes to trading or investing.

For stock markets around the world I like to use the pre-defined group “International Stockmarket Indexes” on the RRG page. The resulting Relative Rotation Graph populated with this group is shown above. The benchmark for this universe is the Dow Jones Global Index ($DJW).

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10 Sunday Reads

My easy like Sunday morning reads: • What Happened, According to Mueller. (Wall Street Journal) see also Explainer: Why Trump’s legal woes go beyond the Mueller report (Reuters) • Yield Curve Inversions Aren’t Great For Stocks. (Wealth of Common Sense) • Yabba Dabba Don’t: ‘Flintstone House’ owner in trouble for dinosaurs, other landscaping improvements (San…

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The post 10 Sunday Reads appeared first on The Big Picture.

10 Sunday Reads


This post is by Barry Ritholtz from The Big Picture


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My easy like Sunday morning reads: • What Happened, According to Mueller. (Wall Street Journal) see also Explainer: Why Trump’s legal woes go beyond the Mueller report (Reuters) • Yield Curve Inversions Aren’t Great For Stocks. (Wealth of Common Sense) • Yabba Dabba Don’t: ‘Flintstone House’ owner in trouble for dinosaurs, other landscaping improvements (San…

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The post 10 Sunday Reads appeared first on The Big Picture.

Top clicks this week on Abnormal Returns


This post is by abnormalreturns from Abnormal Returns


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Top clicks this week on Abnormal Returns


This post is by abnormalreturns from Abnormal Returns


Click here to view on the original site: Original Post




Top clicks this week on Abnormal Returns


This post is by abnormalreturns from Abnormal Returns


Click here to view on the original site: Original Post




Taxcast: Mainstream Media Misrepresentations of the Financial Crash


This post is by Jerri-Lynn Scofield from naked capitalism


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This month’s Taxcast discusses misleading reporting from the mainstream media on the financial crisis: it was overloaded with finance ‘experts’, fed us all sorts of misunderstandings about the financial crash, sold us the austerity narrative, and omitted alternative solutions.

Taxcast: Mainstream Media Misrepresentations of the Financial Crash


This post is by Jerri-Lynn Scofield from naked capitalism


Click here to view on the original site: Original Post




This month’s Taxcast discusses misleading reporting from the mainstream media on the financial crisis: it was overloaded with finance ‘experts’, fed us all sorts of misunderstandings about the financial crash, sold us the austerity narrative, and omitted alternative solutions.