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Sebi issues fresh benchmarking norms for portfolio managers

CFO News

While tagging an investment approach to a particular strategy, the portfolio manager should select one benchmark from those prescribed for that strategy to enable the investor to evaluate relative performance of the portfolio managers, Sebi said.

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Today In Data: Rideshare Woes, Procurement Solutions And Investment Activity

PYMNTS

117 million | Value of investment activity in the Chinese economy this quarter to date, far below the roughly $540 million estimated for the same period last year, though there are still a few weeks left for it to catch up. Here are the numbers: $70 billion | Current valuation of Uber, a ridesharing company which has raised more than $11.5

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10 Monday AM Reads

Barry Ritholtz

Venture-capital investments are plunging, along with valuations of prepublic companies. Barron’s ) • Why It’s So Hard for China to Shake the ‘Uninvestable’ Tag : In 2021, Goldman Sachs said the word was starting to feature in a number of client conversations about the country’s stocks. A Wealth of Common Sense ) • On Wall St.,

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Walmart, JD.com Invest $500M Into Dada-JD Daojia

PYMNTS

Reuters noted Walmart invested $320 million in the round of funding. Walmart has had a partnership with Dada-JD Daojia since 2016 when it invested $50 million. Electronic price tags enable the retailer to keep prices current. Currently, 200 Walmart stores in 30 Chinese cities are on JD Daojia. “We

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PayU Buys ZOOZ, Boosting Its Investments To More Than $350M

PYMNTS

In a press release , PayU said the price tag was undisclosed, but that the deal supports PayU’s expansion into high growth markets. With the deal, PayU said it has invested and/or made acquisitions totaling more than $350 million since 2016 when it began to expand across the globe.

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Apple Expected To Invest $500M+ In Video Games

PYMNTS

The big price tag to acquire new video games also highlights the fact that competition is fierce to land exclusive rights to top content. The Financial Times, citing several people familiar with the deals, reported the fact that Apple is spending so much money shows developers it is serious about the new Arcade game subscription service.

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A Corporate Finance Approach To High-Net-Worth Individuals

PYMNTS

According to Anneke Stender, executive vice president at accounting and software solutions provider TAG , this is a growing segment at a time when new, younger millionaires are continuing to emerge from places like Silicon Valley. “There is a specific need for these families,” she told PYMNTS in a recent interview.