Hedge funds declined in July to post their first monthly loss since March, driven by weakness in Technology and AI equities, as well as deterioration in the outlook for a near term resolution of the Iran military conflict, giving rise to a sharp increase in oil and energy prices.
Renown Capital, a new growth equity firm with Moore Capital pedigree, has stepped out to specialise in investing in technological solutions for the energy sector. James McIntyre and Archie Soames are the firm’s co-founders.
Creeping fears about the likelihood of an implosion in artificial intelligence (AI) and technology stocks are feeding into institutions’ overall concern for market performance next year.
Octopus Investments (Octopus), part of the Octopus Group announces it has launched a Pre-Seed Deep Tech Fund. The UK-domiciled fund is targeting a fundraise of GBP40 million.
Thoma Bravo, the USD120 billion US-based private equity firm specialising in the software and technology sectors, has raised more than USD30 billion in its latest fundraising round – including the launch of the largest ever tech-focused buyout fund.
