Investment fund

Novo Holdings invests in proteomics technology company, Evosep

Retrieved on: 
Monday, January 9, 2023

COPENHAGEN, Denmark, Jan. 9, 2023 /PRNewswire/ -- Novo Holdings, a leading international life science investor, today announced a $40m investment in Evosep, the bioscience company leading the standardisation of proteomics for clinical use.

Key Points: 
  • COPENHAGEN, Denmark, Jan. 9, 2023 /PRNewswire/ -- Novo Holdings, a leading international life science investor, today announced a $40m investment in Evosep, the bioscience company leading the standardisation of proteomics for clinical use.
  • The proceeds from the investment by Novo Holdings will be used to advance clinical applications of proteomics enabled by Evosep's standardised liquid chromatography platform.
  • "We are delighted to have Novo Holdings A/S as a new shareholder in Evosep.
  • We are confident that Evosep, with their advanced technology, will create significant positive change in the healthcare sector."

IFIC Makes Submission to CSA on Access-Based Model for Investment Fund Reporting Issuers

Retrieved on: 
Tuesday, December 20, 2022

TORONTO, Dec. 20, 2022 (GLOBE NEWSWIRE) -- The Investment Funds Institute of Canada (IFIC) today made its submission to the Canadian Securities Administrators (CSA) on the Access-Based Model for Investment Fund Reporting Issuers consultation.

Key Points: 
  • TORONTO, Dec. 20, 2022 (GLOBE NEWSWIRE) -- The Investment Funds Institute of Canada (IFIC) today made its submission to the Canadian Securities Administrators (CSA) on the Access-Based Model for Investment Fund Reporting Issuers consultation.
  • “IFIC commends and strongly supports the CSA’s efforts to create a more cost-efficient, timely and environmentally- friendly process for disclosing financial statements,” said Paul Bourque, President and CEO, IFIC.
  • “Our comments focus on ways to further streamline this delivery process, which will both reduce the regulatory burden for firms and improve the investor experience.”
    In its submission, IFIC recommended: that the CSA require issuing a single news release for all funds that file Designated Documents on the same day rather than the proposed separate news release for each fund; that disclosure about the Annual Documents Notices be included in the news release requirements applicable to the Designated Documents and that the CSA undertake a significant review of National Policy 11-201 Electronic Delivery of Documents and National Instrument 54-101 Communication with Beneficial Owners of Securities of a Reporting Issuer to facilitate ease of electronic delivery.

P101 SGR announces first close of €150M "Programma 103" fund. Target close: €250M by 2023

Retrieved on: 
Wednesday, December 21, 2022

P101 is currently managing the two funds Programma 101 and Programma 102 and a retail VC fund, ITA 500, managed on behalf of Azimut.

Key Points: 
  • P101 is currently managing the two funds Programma 101 and Programma 102 and a retail VC fund, ITA 500, managed on behalf of Azimut.
  • The fund's main focus countries will be Italy and Spain, where P101 SGR has already made some investments.
  • "This close will allow P101 SGR to strengthen its position in Italy and Europe" stated Andrea Di Camillo, Founder and Managing Partner of P101 SGR.
  • P101 has been one of the first European operators to create a dedicated team to support the growth of its portfolio companies.

P101 SGR announces first close of €150M "Programma 103" fund. Target close: €250M by 2023

Retrieved on: 
Wednesday, December 21, 2022

P101 is currently managing the two funds Programma 101 and Programma 102 and a retail VC fund, ITA 500, managed on behalf of Azimut.

Key Points: 
  • P101 is currently managing the two funds Programma 101 and Programma 102 and a retail VC fund, ITA 500, managed on behalf of Azimut.
  • The fund's main focus countries will be Italy and Spain, where P101 SGR has already made some investments.
  • "This close will allow P101 SGR to strengthen its position in Italy and Europe" stated Andrea Di Camillo, Founder and Managing Partner of P101 SGR.
  • P101 has been one of the first European operators to create a dedicated team to support the growth of its portfolio companies.

Harbourfront Wealth Adds Director of Financial Planning and Analysis, Zoheb Somani to Support Growth Efforts

Retrieved on: 
Wednesday, December 7, 2022

VANCOUVER, British Columbia, Dec. 07, 2022 (GLOBE NEWSWIRE) -- A leader in the Canadian independent wealth management space, Harbourfront Wealth (“Harbourfront” or the “Company”), today welcomes Zoheb Somani as its Director of Financial Planning and Analysis.

Key Points: 
  • VANCOUVER, British Columbia, Dec. 07, 2022 (GLOBE NEWSWIRE) -- A leader in the Canadian independent wealth management space, Harbourfront Wealth (“Harbourfront” or the “Company”), today welcomes Zoheb Somani as its Director of Financial Planning and Analysis.
  • Somani holds a decade of experience in the financial services industry and joins from Aviso Wealth where he held the role of Director of Financial Projects and Analysis and was one of the first members on the financial Analysis team.
  • In his new role at Harbourfront, Somani will bring expertise and innovation to the arena of financial planning and analysis, contribute to the firm’s financial efficiencies and play a role in short-term and long-term strategic planning.
  • “We are thrilled to have Zoheb join us here at Harbourfront, says Lynn Stibbard, CFO and COO of Harbourfront.

VanEck Announces Yearend Distributions for VanEck Equity ETFs

Retrieved on: 
Saturday, December 17, 2022

Passive Foreign Investment Company (PFIC) Income: Several VanEck ETFs may make investments in non-U.S. corporations classified as “passive foreign investment companies”.

Key Points: 
  • Passive Foreign Investment Company (PFIC) Income: Several VanEck ETFs may make investments in non-U.S. corporations classified as “passive foreign investment companies”.
  • Please refer to your VanEck ETF’s Statement of Additional Information (SAI) for further information on PFICs.
  • Shareholders or potential shareholders of the VanEck ETFs should obtain their own independent tax advice based on their particular circumstances.
  • As of November 30, 2022, VanEck managed approximately $71.5 billion in assets, including utual funds, ETFs and institutional accounts.

ASK Indian Entrepreneur Fund receives UCITS authorisation, aims raising USD500m from global investors

Retrieved on: 
Thursday, December 8, 2022

The UCITS vehicle will be modeled on ASK's flagship PMS, ASK Indian Entrepreneur Portfolio ("IEP") which has a strong track record of over a decade, since inception.

Key Points: 
  • The UCITS vehicle will be modeled on ASK's flagship PMS, ASK Indian Entrepreneur Portfolio ("IEP") which has a strong track record of over a decade, since inception.
  • Given the intense regulatory process to have a fund approved as UCITS compliant by a regulator, the UCITS label serves as a stamp of quality and reliability for overseas investors.
  • Sameer Dev, CEO, ASK Capital, further added, "ASK's Ireland domiciled UCITS Fund provides global investors with a familiar, tax efficient, and convenient access to the high growth Indian equity markets.
  • In April 2016, ASKCM successfully raised US$82mn from global investors for its first India-focussed real estate fund, India Real Estate Special Opportunities Fund (IRESOF) and in July 2017, ASKCM launched its first open-ended, India-focussed public equities fund, ASK India Opportunities Fund 1 (AIOF1) for global investors.

ASK Indian Entrepreneur Fund receives UCITS authorisation, aims raising USD500m from global investors

Retrieved on: 
Thursday, December 8, 2022

The UCITS vehicle will be modeled on ASK's flagship PMS, ASK Indian Entrepreneur Portfolio ("IEP") which has a strong track record of over a decade, since inception.

Key Points: 
  • The UCITS vehicle will be modeled on ASK's flagship PMS, ASK Indian Entrepreneur Portfolio ("IEP") which has a strong track record of over a decade, since inception.
  • Given the intense regulatory process to have a fund approved as UCITS compliant by a regulator, the UCITS label serves as a stamp of quality and reliability for overseas investors.
  • Sameer Dev, CEO, ASK Capital, further added, "ASK's Ireland domiciled UCITS Fund provides global investors with a familiar, tax efficient, and convenient access to the high growth Indian equity markets.
  • In April 2016, ASKCM successfully raised US$82mn from global investors for its first India-focussed real estate fund, India Real Estate Special Opportunities Fund (IRESOF) and in July 2017, ASKCM launched its first open-ended, India-focussed public equities fund, ASK India Opportunities Fund 1 (AIOF1) for global investors.

One of Canada’s early ESG Analysts, Coby Bucci, joins Harbourfront Wealth as Senior VP of Corporate Development

Retrieved on: 
Monday, November 21, 2022

VANCOUVER, British Columbia, Nov. 21, 2022 (GLOBE NEWSWIRE) -- A leader in the Canadian independent wealth space, Harbourfront Wealth (Harbourfront or the Company), today welcomes Coby Bucci, who joins the firm as its Senior Vice President of Corporate Development.

Key Points: 
  • VANCOUVER, British Columbia, Nov. 21, 2022 (GLOBE NEWSWIRE) -- A leader in the Canadian independent wealth space, Harbourfront Wealth (Harbourfront or the Company), today welcomes Coby Bucci, who joins the firm as its Senior Vice President of Corporate Development.
  • Bucci is one of Canadas early ESG analysts.
  • For the past two decades, Bucci contributed to the impactful momentum around ESG adoption at key organizations, including Credential & Ethical Funds and NEI Investments.
  • In her new role as Senior VP of Corporate Development at Harbourfront, Bucci will lead corporate development, product innovation and asset management growth.

Sigma Additive Solutions and Dyndrite Announce Agreement to Build Connected In-process Data Software Using Dyndrite Application Development Kit

Retrieved on: 
Thursday, November 24, 2022

This agreement is a key step in empowering the user to marry their in-process quality data to the directly generated toolpaths sent to the machine.

Key Points: 
  • This agreement is a key step in empowering the user to marry their in-process quality data to the directly generated toolpaths sent to the machine.
  • Dyndrite enables solution providers to bring performance and robust industrial 3D applications to market, stated Harshil Goel, Chief Executive Officer of Dyndrite.
  • Our application development kit accelerates the creation of critical enterprise solutions such as Sigmas in-process quality solutions.
  • The ability to connect to tool path data only augments the power of sensor fusion, said Darren Beckett, CTO of Sigma.