Tag: Public company

BusinessInnovationStartups

Wealth Managers Push Private Assets to Mainstream Investors Amid Return Hype and Risk Concerns

Asset managers are capitalizing on new fund structures to bring private investments to wealthy retail clients. While historical returns appear attractive, analysts warn about liquidity constraints, fee structures, and potential “volatility laundering” in private market valuations.

The Private Asset Gold Rush

Wealth managers across Europe are reportedly engaged in an intense competition for investor capital, with private assets becoming their weapon of choice, according to industry reports. Asset managers see a golden opportunity to sell private equity, credit and infrastructure investments to clients who previously focused exclusively on public markets through newly designed fund structures.

by Owen Holt
AIBusinessTechnology

Accenture’s Former CTO Joins Google Cloud to Drive AI and Public Sector Growth

Google Cloud has hired Accenture’s former chief technology officer Karthik Narain to spearhead AI and public sector expansion. Narain brings over a decade of enterprise technology leadership to his new role as chief product and business officer at the cloud giant.

Executive Leadership Shift

Google Cloud has appointed former Accenture chief technology officer Karthik Narain as its new chief product and business officer, according to an announcement from Google Cloud CEO Thomas Kurian. Sources indicate this strategic hire aims to accelerate the company’s artificial intelligence initiatives and public sector business development. Narain brings nearly 11 years of experience from Accenture, where he was instrumental in shaping the company’s technology vision and cloud strategy.

by Harlow Wesley
BusinessFinance

Activist Investor Pressures Eastern Bankshares to Pursue Sale Over Acquisitions, Sources Say

Activist investor HoldCo Asset Management has reportedly accumulated a significant stake in Eastern Bankshares and is urging the Boston-based financial institution to pursue a sale. Sources indicate the hedge fund is pushing Eastern to consider merging with larger regional banks rather than continuing its acquisition strategy.

Activist Investor Takes Position in Boston Bank

Activist investor HoldCo Asset Management has reportedly built a substantial position in Eastern Bankshares and is pushing the storied Boston financial institution to put itself up for sale rather than continue acquiring other banks, according to people familiar with the matter.

by Owen Holt
ComputingTechnology

Quantum Computing Stocks Face Steep Declines as Market Sentiment Shifts

Quantum computing stocks are facing substantial pressure this week with double-digit percentage declines affecting major players in the emerging sector. According to market reports, Rigetti Computing led the downturn with the most significant losses among the so-called Quantum Four publicly traded companies.

Quantum Computing Sector Experiences Market Turbulence

Major players in the quantum computing industry are reportedly facing significant market headwinds this week, with stock prices declining across the sector. According to reports, the so-called Quantum Four publicly traded companies — Rigetti Computing, IonQ, Quantum Computing Inc, and D-Wave Quantum — all experienced notable share price decreases on Thursday, with the downward trend continuing into Friday’s premarket trading session.

by Owen Holt