Sovereign wealth fund appetite for investing in start-ups wanes

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Reuters Money Make sense of the market.       Tweet       Share Sovereign wealth fund appetite for investing in start-ups wanes Sovereign wealth fund investment in venture capital deals slipped to its lowest level in six years in 2019, with the drop-off deepening in the months after WeWork's planned share sale failed, data showed on Friday. Investors dump equities, bonds as coronavirus spooks markets, BofA says Investors pulled out of most asset classes, with stocks and bond funds seeing a combined $36 billion of outflows in the week to Wednesday, BofA said, amid fears of economic damage from the coronavirus epidemic. How Lipper Award-winning fund managers are playing coronavirus scare Uncertainty over the economic impact of the coronavirus outbreak has prompted at least some winners of the U.S. Lipper Fund Awards to look for companies that can withstand a prolonged pullback. Private investment funds in Colombia have $5 billion ready to invest Private investment funds operating in Colombia have around $5 billion available to invest in projects in the Andean country, the investors' guild president said Thursday. Coronavirus forces Blackstone, Apax to delay or webcast investor meetings Blackstone Group Inc and Apax Partners LLP are among the buyout firms that have had to delay their annual meetings with their private equity fund investors or carry them out remotely because of travel restrictions imposed amid the global outbreak of a new coronavirus. Your Money: Fed's surprise cut is a cure for mortgage rate envy When Kristin Tassi bought her house in Chicago two years ago, she was disappointed to get an interest rate of 4% on her mortgage. All of her friends had lower rates. Wall Street backs away from Arctic drilling amid Alaska political heat Three big U.S. banks have publicly announced break-ups with Arctic drilling in recent months, reflecting Wall Street's increasing desire to cast itself as environmentally friendly amid a political firestorm in Alaska. Julius Baer nominates Meissner, Shih for board seats Swiss wealth manager Julius Baer Group nominated former Bank of America Merrill Lynch investment banking head Christian Meissner and UBS Asia veteran Kathryn Shih for seats on its board of directors. Related Videos Stocks decline but post weekly gain Markets U.S. House faults FAA, Boeing for fatal MAX crashes Business Introducing the all-new Reuters News app The new Reuters News app is here, redesigned from the ground up to fit your busy life. Get it now on iOS Your world. Your news. More Newsletters Get Reuters News App Get Reuters TV App               © 2020 Thomson Reuters. All rights reserved. 3 Times Square, New York, NY 10036 Email Preferences    |   Privacy Policy    |   Terms and Conditions