Monday links: a few key choices


This post is by abnormalreturns from Abnormal Returns


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Adviser links: barely budging


This post is by abnormalreturns from Abnormal Returns


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Crazy Vivid Travel Anxiety Dream


This post is by Brad Feld from Feld Thoughts


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The brain in sleep state is a fascinating thing.

I have been awake for 30 minutes and the dream is lingering. While it’s not as vivid as when I woke up, the details are still there. Maybe it is a result of the Super Blood Wolf Moon. Or maybe its because I’m traveling today.

I’m in an airport casually talking to someone who has stopped me to ask me a question. I realize it is 6:35am and my flight leaves at 6:30am. I rush to the gate to find that my plane has departed to New York but there is another one leaving at 7:05am. I stand in a short line but people keep getting in front of me. I finally decide to push my way to the front and talk to the gate agent. She says it’s too late to get on the 7:05am but I can get on

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Twice Burned, Once Shy—Why Californians Should Be Wary of Bailing Out PG&E Again


This post is by info@greentechmedia.com from Greentech Media: Headlines


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The last time Pacific Gas & Electric declared bankruptcy, in 2001, its customers paid billions of dollars in higher rates while company creditors and shareholders lost little. In that case, PG&E’s losses were largely due to deregulation and marketplace manipulations by Enron and others.


The California utility&#39;s <a href="https://www.greentechmedia.com/articles/read/pge-files-for-bankruptcy-protection-facing-billions-in-wildfire-liabilities">current financial woes</a> are a result of its own negligence. Given the dramatic changes that have occurred in the electricity sector in the last decade, the public should come first this time.&nbsp;


Two major shifts have already triggered a transformation of the electricity system in California, and across the country.


First, millions of former PG&amp;E customers now get their electricity from a community-owned power agency. Enacted in the years following the Enron debacle, California&rsquo;s <a href="https://www.greentechmedia.com/articles/read/how-community-choice-aggregation-fits-into-californias-clean-energy-future#gs.tiHT8SFS">community-choice</a> policy allows municipalities to take charge of their own energy procurement. These local agencies better reflect local interests, including renewable energy, local power generation, and a desire <div class="post-limited-image"><img src="http://feeds.feedburner.com/~ff/GreentechMedia?d=yIl2AUoC8zA" border="0"></div>

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New Hampshire Enters the Offshore Wind Race


This post is by info@greentechmedia.com from Greentech Media: Headlines


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New Hampshire may soon join the handful of New England states actively pursuing offshore wind energy development.


On January 2, Governor Chris Sununu sent a <a href="http://feeds.greentechmedia.com/~r/GreentechMedia/~3/wLP9jFDMo64/%2520https/:www.governor.nh.gov:news-media:press-2019:documents:20190107-boem-offshore.pdf" >letter</a> to Walter Cruickshank, the acting director of the Bureau of Ocean Energy Management, requesting that the agency establish an intergovernmental offshore renewable energy task force. The move is the first step in a multiyear process.


&ldquo;The task force will mirror those in other states,&rdquo; said Matthew Mailloux, an energy advisor with New Hampshire&rsquo;s Office of Strategic Initiatives, in an email.


&ldquo;Its purpose is to facilitate coordination with federal and New Hampshire stakeholders to determine the feasibility of offshore wind in federal waters off New Hampshire&rsquo;s coast. This is a preliminary step in a lengthy process prior to any decision,&rdquo; he said.


A group of lawmakers from the New Hampshire State Senate and House of Representatives filed a <a href="http://www.gencourt.state.nh.us/bill_Status/billText.aspx?id=398&amp;sy=2019&amp;txtFormat=html" >joint resolution</a> for the 2019 legislative session <div class="post-limited-image"><img src="http://feeds.feedburner.com/~ff/GreentechMedia?d=yIl2AUoC8zA" border="0"></div>

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Objectway buys Algorfin


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


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Objectway said Jan. 21 that it acquired Algorfin. Financial terms weren’t announced. Unione Fiduciaria SpA is the seller. Algorfin provides IT and administrative outsourcing services for asset management companies, custodian banks and other financial operators.

PRESS RELEASE

Objectway, the leading Fintech group in Italy and one of the premier European players in software and services for the wealth, investment and asset management industries, acquired Algorfin, the software and services division of Unione Fiduciaria S.p.A.
(Logo: https://mma.prnewswire.com/media/700775/Objectway_Logo.jpg )
Algorfin is specialised in IT and administrative outsourcing services for Asset Management Companies, Custodian Banks and other financial operators, through the Archimede, Diogene and Archimede Governance software platforms.
Archimede is the leading solution for the complete management of open-end and closed-end investment funds, including investors’ management, NAV calculation, compliance and any type of regulatory compliance required. Diogene supports the management of all the activities of a Custodian in

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Main Capital exits Axxerion


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


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Main Capital Partners said Jan. 21 that it sold its majority stake in Axxerion to Nemetschek Group. Financial terms weren’t announced. Axxerion provides software for facility and property management.

PRESS RELEASE
Main Capital Partners is pleased to announce the 100% sale of its majority stake in Axxerion to publicly listed, Munich-based Nemetschek Group [ticker: XETRA NEM.DE], global leader in Open Building Information Management (BIM) and Construction software.
Axxerion is the leading European SaaS-based software company active in Facility Management and Property & Real Estate Management. With an organization of nearly 100 people, Axxerion delivers truly multi-tenant software, with an extensive range of functionalities, to around 2,000 international customers, across many industry sectors. Key customers include Vodafone/Ziggo, Facilicom, Q-Park, Nutricia, MVGM (the largest property manager in Benelux), two of the Big 4 auditing firms and CBRE.
Main Capital invested in Axxerion in 2016 with a focus on accelerating the international

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Equistone Partners Europe announces promotions


This post is by Luisa Beltran from PE Hub Blog: Human Resources


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Equistone Partners Europe said Jan. 21 that it promoted Andi Tomkinson to partner. The firm announced other promotions.
PRESS RELEASE

 

Equistone expands Partnership and makes further promotions and new appointment to investment team

 

London, 21 January 2019 – Equistone Partners Europe (“Equistone”), one of Europe’s leading mid-market private equity investors, today announces the promotion of Andi Tomkinson to the position of Partner in its Manchester office, the appointment of Philipp Gauß as Associate in Munich, and six further promotions across its offices in France, Germany, Switzerland and the UK. These developments will bolster Equistone’s investment team and serve to reflect the firm’s strong performance and commitment to supporting the internal progression of its team.

 

Since joining Equistone as Investment Director in 2012, Andi Tomkinson has played an integral role in the firm’s investment activities and portfolio development out of its Manchester office. This has included supporting the

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SoftBank’s $100 bln Vision fund shares profits and losses with partners: Bloomberg


This post is by Luisa Beltran from Pe Hub Blog: Firms & Funds


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SoftBank Group Corp.’s $100 billion Vision Fund has set up an unusual compensation structure for partners that allows them to share in potential enormous profits of its investments and also those deals that backfire, Bloomberg reported. The fund, which includes a $5 billion loan to employees, swaps debt for equity, generates profits when transactions make money as well as losses when they don’t, the story said.

10 MLK Day AM Reads


This post is by Barry Ritholtz from The Big Picture


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My Martin Luther King Day morning reads: • Alexandria Ocasio-Cortez Has the Better Tax Argument (The Atlantic) see also Alexandria Ocasio-Cortez Is the Darling of the Left, Nightmare of the Right (Bloomberg Businessweek) • Can Student Loan Debt Explain Low Homeownership Rates for Young Adults? (Federal Reserve) • How Secrecy Fuels Facebook Paranoia (New York Times) • China Built a Big, Beautiful…

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The post 10 MLK Day AM Reads appeared first on The Big Picture.

US Emissions Are Rising Once Again. What’s Behind the Change?


This post is by info@greentechmedia.com from Greentech Media: Headlines


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After a period of moderation, heat-trapping gases are going up in the U.S. and around the world. In 2018, global emissions rose by 2.7 percent. And U.S. emissions rose by 3.4 percent, according to an early tally from the Rhodium Group.


This week, we&#39;re going to put some meaning to those emissions numbers. We are joined by <a href="https://twitter.com/bradplumer?lang=en" >Brad Plumer,</a> an energy and environment reporter at <em>The New York Times</em>, who will help us dig into each sector.


We will answer the following questions:
  • Why aren't wind and solar making up for coal closures?
  • Which sectors are becoming the worst emitters?
  • Will the “Trump bump” accelerate the emissions trend in the medium term?
  • If we were king/dictator/wizard for a day, what sector would we address first?
<iframe scrolling="no" src="https://art19.com/shows/b4df7c16-a169-4be5-8bfa-6dbb20a74f6d/episodes/e7491458-887f-466c-9e6d-1e4aad5c79f8/embed" style="width: 100%; height: 200px; border: 0 none;"></iframe>


Don&#39;t forget to give <em>The Interchange</em> a rating and creative review <a href="https://itunes.apple.com/us/podcast/the-interchange/id1221460035?mt=2" >on Apple podcasts</a> for your chance to win a <div class="post-limited-image"><img src="http://feeds.feedburner.com/~ff/GreentechMedia?d=yIl2AUoC8zA" border="0"></div>

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Weekly Market Recap Jan 20, 2019


This post is by Mark Hanna from Stock Trading To Go


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After entering the week quite overbought, indexes took a small retreat Monday before hurling back upwards.  This is typical of the “V” shaped moves up after any significant selloff, we’ve seen most of the past decade and watching them unfurl is quite amazing actually.  Thought maybe this time would be “different” but not so much.  So two week’s ago we asked “Has the Fed solved all the market’s…

Read the full article at StockTradingToGo.com