Bye bye, Moochy.Continue reading: A tribute to the Scaramucci era
Bye bye, Moochy.
Continue reading: A tribute to the Scaramucci era
Bye bye, Moochy.
Continue reading: A tribute to the Scaramucci era
Bye bye, Moochy.Continue reading: A tribute to the Scaramucci era
P2P lending was born out of unsecured lending between individuals. The ticket size was usually a few thousand dollars. In a sign of how much the market has evolved, fintech lenders now cover commercial real estate loans with ticket sizes ranging from $1 million to $20 million. This evolution is being led by a host […]
P2P lending was born out of unsecured lending between individuals. The ticket size was usually a few thousand dollars. In a sign of how much the market has evolved, fintech lenders now cover commercial real estate loans with ticket sizes ranging from $1 million to $20 million. This evolution is being led by a host of players with RealtyMogul, Sharestates, Patch of Land, and Money360 dominating their respective niches.
Money360 is an online marketplace for commercial real estate loans and caters to both institutional as well accredited retail investors. They secure the property with a first priority lien against income-producing commercial real estate, and, for the borrower, they focus on bringing convenience, speed, and reasonable commercial terms to the deal. Along with this, they run an investment management company, M360 Advisors, which manages diversified fund vehicles for institutional and accredited retail investors.
Co-founder Evan Gentry started MoneyLine Lending Service, a mortgage lending company that transitioned into a mortgage tech company. The company was sold to Genpact, a spinoff from GE. He then started G8 Capital in 2007, a private real estate investment firm specializing in the acquisition of commercial real estate and non-performing loans. The company made most of the real estate meltdown in 2007-08 and bought non-performing residential as well as commercial loans. From 2007-2014, the company acquired distressed assets (major commercial real estate loans) worth $800 million. As the market has normalized, the company stopped acquiring further loans.
Gentry and his partner Daniel Vetter founded Money360 in 2010. It was a logical step forward considering Gentry had ample experience in mortgage, real estate, and investments, as did Vetter, a veteran of PIMCO and alumnus of Harvard Business School. After closely studying the business models of LendingClub and Prosper, and beta testing it on the real estate market, they zeroed in on commercial real estate bridge loans.
In the beginning, they would source commercial projects that needed funding and potential investors who wanted to invest in the project; for instance, 10 investors pitched in for a $5 million loan. This model was not scalable and they shifted their focus into selling loans to whole loan buyers. In order to attract accredited retail investors, Money360 needed a more refined and sophisticated product; they needed to be diversified across multiple loans. Inspired by LC Advisors, they launched M360 CRE (a commercial real estate income fund), which was launched last year and is on track to achieve a fund size of $180 million this month.
The company does not crowdfund its loans. They either buy loans through the fund or partner with whole loan buyers like federal credit unions and banks.
Money360 has two primary products:
The team at Money360 is immensely experienced, and that is proving to be a difference maker in the highly competitive commercial loan market. The CTO has over 20 years experience in mortgage technology and, with his expertise, the company has developed technology that allows them to accelerate the underwriting and closing process as well as streamline the entire back-end process. This allows investors and whole loan buyers to track details of every single deal in a detailed manner.
Another difference is the reputation of management. Unlike other players in the industry, the company and its founders have a proven track record of scaling up companies into multi-billion dollar entities. Because of that, it is easier for the company to attract investor interest as compared to competitors.
Accredited retail investors own the real estate loans through a REIT structure, which gives them diversification across all loans in the fund. They use marginal leverage and are able to provide returns of 8%-10%. Money360 have been able to attract influential institutional investors and have one of the largest banks in South Korea as an investor in the fund.
The company expects to become the market leader in the commercial loan segment in terms of origination by the end of the year. After successfully carving its niche in the market, the company is now looking for strategic partnerships to extend its dominance.
Considering commercial real estate is a multi-trillion dollar market, fintech startups represent a very small fraction. Most of its competitors deal in crowdfunding whereas Money360 specializes in being a direct lender. This difference is a major competitive advantage as it shortens the time period for processing and allows for more flexibility to the borrower. Also, competitors mainly focus on fix-and-flip real estate. Having already fixed and flipped 4,000 residential properties in G8, they know it is a cyclical market, which is why they are concentrating on stable and more permanent commercial loans.
Even Realty Mogul, one of the most famous online real estate crowdfunding marketplace, prefers equity over debt funding, or, in some cases, both types of funding are done. This is fine as long as project/asset is performing, but in the case of a non-performing asset/project, a conflict of interest arises between equity and debt holders.
Money360 is headquartered in Ladera Ranch, California and has a team of 30 people. The company has the benefit of a hugely experienced founding team coupled with a razor sharp focus on what it does best. The company’s focus limits its reach, but the niche it has chosen is a trillion dollar market, which it is clearly dominating.
Written by Heena Dhir.
News Comments Today’s main news: RateSetter tops 2B GBP in lending. P2P Global Investments holds steady. P2P Finance Association reports new lending growth. One of China’s largest P2P lenders quits. BNI Europa invests 15M Euro in Creditshelf. Marqeta, Visa partner on global payments. Prospa secures $20M debt facility. Today’s main analysis: Bank and credit card issuer charge-off trends. Today’s thought-provoking articles: […]
As PeerIQ observed last quarter, we continue to see a “tale of two cities”–a divergence in charge-off rates of card issuers and large money center banks.
Discover reported a 55% increase in loan loss reserves citing re-normalization of credit performance, an increased supply of consumer credit, and an increase in consumer leverage. We also see observe increases in loan loss reserves from Synchrony Financial (30%), American Express (26%), and Capital One (13%).
Outlook for Consumer Lending
The backdrop for consumer lending businesses is strong. Although delinquencies have picked up, originators remain compensated for taking on credit risk. The ROE for Discover and American Express are both over 20% as compared to C, JPM, WFC, and BAC where ROE remains stubbornly low in the 6 to 11% range. Also, consumer loan demand continues to grow (total loan requests on Lending Tree increased 48% year-over-year to 5.4 Mn).
The biggest challenge to the above state-of-play is the latest scale entrant to the retail banking business–Goldman Sachs. GS’s new lending business, Marcus, is on pace to originate $2 Bn in loans this year–the fastest growth rate of any lender that PeerIQ tracks.
A task force convened by the Federal Reserve has released its evaluations of 16 proposals to build a faster U.S. payment system. The plans were judged by the task force’s consulting firm, McKinsey & Co., based on how well they satisfied 36 criteria related to speed, security and other attributes.
Gotianun-led EastWest Banking Corp. has teamed up with FINTQ, the technology arm of PLDT and Smart’s Voyager Innovations, to offer consumer loans through digital lending platform Lendr.
With this partnership, consumer-focused lender EastWest will make available personal loans and auto loans through Lendr by the fourth quarter of this year. Eventually, the offering will also include EastWest home loans, small and medium enterprise (SME) loans and credit cards.
While robo-advice may account for only a fraction of the total assets under management today, it is a technology that is here to stay—but not in the way that has dominated news stories. Rather than supplanting the financial advisor with technology, firms need to leverage new multi-channel automation to empower their advisors to focus on value-added, relationship-building activities. In this paper, we look at how wealth management players can focus on getting to the right combination of human advisors and automated investment advisory solutions in a hybrid model that seamlessly integrates the two.
Read the paper here.
US retail giant Overstock.com has been waiting for the US Securities and Exchange Commission (SEC) to tell the world exactly when a crypto token is a security.
Then, earlier this week, tØ got the news it had been waiting for when the SEC finally published the results of a landmark report in which it clearly laid out its rationale for why some tokens are still securities.
Long a detractor of a practice called “naked short selling” – where traders methodically bid down the price of stock by selling shares they haven’t first procured, Byrne set about using blockchain to cut out everyone who stood in the way of buyers and sellers.
For those who hoped that the SEC would allow cryptocurrency and ICO markets to evolve unregulated, their hopes were dashed by the report and the bulletin. The SEC did not outlaw ICOs by any stretch of the imagination, but it did indicate that, depending on the facts and circumstances, an ICO may indeed involve an offering of securities. In that case, organizations that proceed without registering with the SEC or that structure the offering in such a manner so as to qualify for an exemption from registration will violate federal securities laws. The remedies for such a violation include rescission of the offering, cease-and-desist orders, fines and penalties, bans from participating in the securities industry, bans on serving as an officer or director of a public company, and, in the most egregious cases, referral to the local U.S. Attorney for possible criminal prosecution. So, whether an offering involves a “security” is a very important initial determination.
However, when Bank of America got a sense of the vision for its AI-enabled “digital assistant,” called erica, it didn’t take the bank long to gather the resources necessary to make her real.However, when Bank of America got a sense of the vision for its AI-enabled “digital assistant,” called erica, it didn’t take the bank long to gather the resources necessary to make her real.
The bot is now in the beta testing phase.
Paypal is the world leader in processing payment apps today. The app for Android and iOS devices provides the same functionality as the online Paypal.com service.
A good choice for small businesses Due.com lets users benefit from a convenient digital wallet, invoicing service and fast operations handled at low transaction rates.
iZettle also efficiently serves small businesses. What this fintech app does perfectly is that it allows small business owners accept cash and credit card payments from a smartphone or tablet. With additional cash drawers and receipt printers from iZettle one can also provide customers with printed or online receipts.
Another interesting example of a successful fintech app is Mobikwik. Now with the base of 50 million users Mobikwik offers a user-friendly digital wallet, which has become a real substitute of a physical purse for its users worldwide.
In regards to the ways of making personal loans an easier experience for users, LendUp offers just one of them. It’s a web application (also available for mobile) that lets users from selected US states apply for a short-term loan 24/7.
Citi Mobile is one of the leading mobile apps for iOS and Android mobile devices introduced by Citibank. According to Business Insider, the app has significantly grown in popularity mainly due to addition of FICO scorefeature.
By tech start-up standards, robo-advisors are already approaching middle age. Betterment, the pioneering robo-advisor and still the largest of the independent firms, turned seven in May. It now has $9.1 billion in assets under management.
Rep. Emanuel Cleaver II (D-Mo.) has reportedly sent letters to five alternative SMB lending companies with questions regarding borrower protections, anti-discrimination efforts, transparency and other factors.
Cleaver is reportedly seeking details of the companies’ business models and products offered to small businesses, how those products are originated, information on fees and rates and whether these businesses offer borrowers a repayment plan based on future credit card receivables, reports said.
The lawmaker is also seeking information on how these lenders handle transparency and whether they make disclosures to SMBs the same way they do to consumers as required under the Truth in Lending Act. He is also asking about whether these firms pull a consumer credit report for small business lending.
But unless your plan was to make a quick billion in ICOs in time to ring in 2018 with Payments deal activity is en fuego.
For many business owners, it makes sense to borrow funds to create a liquid cash cushion to operate their business to the best of their ability. Before you decide to borrow, you need to understand what your working capital needs are and to make sure numbers make sense for you and your business.
The finance industry is one of the most data-driven trades, and by visualizing and analyzing data in VR, early adopters can get a leg up on the competition. Not only can VR improve the way data is viewed, but it can also improve the level of communication through the use of a shared virtual office (SVO). This is immensely important because, in the high stakes world of finance, a mistake or lapse in communication could cost millions of dollars.
Typical of hot real estate markets, there’s a cycle. Home prices rise, people catch on and want in, and then they decide to sell. Soon, even more people jump in the market and serious sellers make their sale, causing inventory to thin. Buyers get wise to the overheated marketplace and decide to wait until the prices come down. The sellers who are eager to make a buck overprice their houses and when they don’t sell, they become income properties. As a result, the rental markets fill up with income properties, and the inventory continues to thin out.
We are at historic lows for mortgage rates, and they are not going to spike that drastically in the next year that it would preclude you from getting a solid thirty-year fixed rate loan. The important thing is that you do NOT overpay for a home.
After 16 years at General Electric, Chris Capozzi was still a young man. That was because he’d joined the company upon graduating from Boston College, where he earned a degree in finance and management information systems.
Eventually, one of the alumni introduced Capozzi to Stone Point Capital, which had just become a major investor in Freedom Financial Network, a privately held financial services firm. Everything clicked with the company’s co-founders and co-CEOs, Bradford Stroh and Andrew Housser, so Capozzi moved across the country to start work as Freedom’s CFO at the beginning of this year.
What kinds of opportunities are you focused on?
Secondly, we’re in the process of developing a securitization platform to complement our existing sources of capital and further expand our investor base, which will enable the growth on the marketplace lending side. Initially the plan is to securitize unsecured consumer loans, very similar to what other marketplace lenders, like SoFi and Avant, have done.
Peer-to-peer lender RateSetter announced on Monday that it has passed £2 billion in loans over its platform, with more than £1 billion of the total made since the beginning of 2016.
About £1.3 billion of the total lent has gone to individuals, with £700 million going to businesses. The company now has 423,000 customers, the majority of whom are borrowers, more than any other UK peer-to-peer lender.
Onerous banking regulations will continue to hamper growth in regulatory capital‐intensive lending asset classes, according to the investment managers of the £821m P2P Global Investments trust.
The fund is moving away from a pure P2P play, instead transitioning more into direct lending and other Alternative Credit niches. Its manager MW Eaglewood is also merging with Pollen Street Capital, which while still on-going, is expected to close later this year subject to regulatory approval. Pollen Street is also the manager of £359m Honeycomb investment trust which invests in direct lending assets.
CUMULATIVE lending among the Peer-to-Peer Finance Association (P2PFA) members in the second quarter of 2017 fell slightly to £8.39bn, due to LendInvest’s departure from the trade body.
However, new lending among the members has still grown significantly year on year, the P2PFA said on Friday.
The number of investors in P2PFA member-platforms has now hit 185,652, the trade body said, while the number of current borrowers has risen to 435,267.
Alternative property lender and investment platform LendInvest has launched a five-year bond paying 5.25 per cent a year for investors with a minimum of £2,000.
In an era of one per cent savings rates and where yields ranging beyond 5 per cent are hard to come by in the equity markets, this deal is sure to whet the appetite of many investors – particularly as it comes with twice-yearly payouts.
According to Christian Faes, CEO and co-founder of LendInvest, the retail bond serves a number of purposes – it allows the business to diversify its funding and expand its capacity to lend to property professionals, but also creates a new entry point into property for investors.
[The retail bond] is launching at a critical time when demand in the UK’s residential property market continues to outstrip supply. There’s a serious lack of capital available to professional property investors who buy, build, refurbish and renovate homes for UK streets. Our model allows us – and by extension our investors – to support these people and small businesses.
Faes says that it is difficult to pin down what a typical LendInvest investor looks like; the investor base ranges from those looking to build a portfolio of property loans on the firm’s online investment platform all the way up to pension funds, infrastructure funds and banks.
Manchester fintech company DueCourse has called in administrators.
This comes less than a year after the cloud-based invoice financing service for SMEs was boosted by a £6.25m investment, the largest seen outside of London for a fintech firm.
Bosses said the money will be used to expand and grow its software with plans to raise a further £10-15m to grow its services worldwide.
Abundance Investment, a UK based peer to peer lending platform in the renewable energy sector, has just topped £50 million in investment, according to a company report. Management said the “huge” popularity of its IFISA and three highly popular renewable projects from tidal, geothermal and energy efficiency technologies helped to fuel the recent growth. Abundance says three projects have attracted more than £10 million of new investment in less than 2 months.
Investors looking for ethical options now have more choices when it comes to peer-to-peer lending.
Lending platform Downing Crowd has launched two regular access crowd bonds, with one for a renewable energy generation and storage company.
With inflation on the rise but interest rates at an all-time low in the UK – and some high-street banks even raising the prospect of charging commercial customers to keep deposits – companies’ savings may actually be losing value in real terms.
If you can’t beat ’em, join ’em
Over the past few years a new way to potentially beat the banks has emerged – one that plays them at their own game. Called property-backed peer-to-peer lending, it gives companies the opportunity to be the lending bank themselves.
One of the fastest-growing products of this type is Choice, offered by Octopus Investments, an experienced investment company that manages more than £6bn of assets.
Working with a growing roster of challenger banks, Octopus can offer a savings product that currently provides an interest rate of more than one per cent.
Banks have been out of favour for the last ten years after they almost brought the global financial system to its knees.
So why would anybody invest in them? Oddly, one reason is “the failure by politicians to enforce a key promise” – that no bank would ever become “too big to fail” again. “In every developed country”, says Jonathan, the big banks have just got bigger. The “never again” promises have been replaced with “complex rules to strengthen bank capital, thus reducing the chances of collapse”. Another reason is that “banking has changed for the better” – governance has improved and customer satisfaction has shot up.
It remains to be seen if any bank can ever do what the music industry is in the process of doing – taking back “their” industry by becoming the pre-eminent innovators. Such a thought might be laughable right now. But a word of caution on laughing too soon – if they do realise how to leverage their enormous power, accept that legacy systems must be overhauled and replaced wth the truly innovate, and execute such a strategy well, would you bet against them retaining and entrenching their dominance?
For now and the foreseeable future, most banks prefer to sit back and avoid risk. Really the risk lies in doing nothing and inviting a slow death by a thousand cuts. OK, yes, you can talk about record bank investment in fintech, cooperation between banks and fintechs – again, this is only helping fintechs move in on bank stomping ground.
China’s pending regulatory crackdown on the $120bn peer-to-peer lending industry has claimed its first scalp before it has even begun, with one of the biggest players saying it will wind up its business in an industry full of bad loans and no profits.
P2P lending, in which borrowers are matched with investors via online platforms, has mushroomed in the past five years, with China boasting more than 2,100 such platforms, but so too have scandals. Last year was marked by multibillion-dollar scams in China and a governance scandal that rocked New York-listed LendingClub.
Please use the sharing tools found via the email icon at the top of articles. Copying articles to share with others is a breach of FT.com T&Cs and Copyright Policy. Email email@example.com to buy additional rights. Subscribers may share up to 10 or 20 articles per month using the gift article service. More information can be found here. Beijing this month said it would delay regulations that will bar online lenders from guaranteeing principal or interest on loans they facilitate, cap the size of loans at Rmb1m for individuals and Rmb5m for companies, and force lenders to use custodian banks — a requirement only a fraction of the industry has met so far.
Beijing this month said it would delay regulations that will bar online lenders from guaranteeing principal or interest on loans they facilitate, cap the size of loans at Rmb1m for individuals and Rmb5m for companies, and force lenders to use custodian banks — a requirement only a fraction of the industry has met so far.
The new trio are Yinzhou Bank and Bank of Ningbo in eastern China’s Zhejiang province; and the Bank of Jiangsu, in the eastern Jiangsu province (and just south of Zhejiang).
A few days ago, UnionPay cloud flash together with Apple Pay launched promotional activities; early June, CUP also joined nearly 10 million businesses to create “62 CUP cloud flash to the whole people Sheng Hui.” Looks, CUP is imitating Alipay, WeChat to pay the subsidy routine.
Can you imagine using your Jingdong or US group (the new US big) account, you can pay through the UnionPay POS machine? Do not scan, do not have to swipe, do not open the APP, just need to close the POS machine and verify the fingerprint can be completed to pay.
The point is that you do not need to use the bank card account directly, but through the Jingdong or US group to pay the account, you can use the phone in the UnionPay POS machine to complete the payment.
In Banco BNI Europa (“BNI Europa”), Creditshelf has succeeded in acquiring another strategic partner to help it provide financing to small and medium-sized undertakings (SMEs).
The online marketplace that specialises in SME financing, and the Bank, which operates throughout Europe, have agreed that Banco BNI Europa will invest up to 15 million Euro in the credit platform over the coming months.
Aida is the perfect employee: always courteous, always learning and, as she says, “always at work, 24/7, 365 days a year.”
Aida, of course, is not a person but a virtual customer-service representative that SEB AB, one of Sweden’s biggest banks, is rolling out. The goal is to give the actual humans more time to engage in more complex tasks.
Besides Aida at SEB, there’s Nova, which is a chatbot Nordea Bank AB is introducing at its life and pensions unit in Norway. Swedbank AB is adding to the skills of its virtual assistant, Nina. All three are designed to sound like women, based on research suggesting customers feel more comfortable with female voices.
Visa (NYSE: V) and Marqeta, a payment card issuing platform that can provide consumers with immediate loans, has announced a global partnership to propel innovations in commercial and consumer payments in lending. Visa has also made a strategic investment in Marqeta and led a $25 million funding round that included the participation of previous Marqeta investors including Commerce Ventures, 83 North, Granite Ventures, IA Capital, and CommerzVentures GmbH, as well as new investor CreditEase in China, one of the world’s largest alternative lender.
Digital online lender Prospa has secured a $20m debt facility from the Australian arm of a US-based commercial finance provider, Partners for Growth (PFG).
Millennials are likely to fall into three categories:
• Inheritors: With wealthy parents, they are major consumers while they wait to inherit.
• Strivers: Coming from a more modest background, they are studying, saving and working hard with ambitions for promotion. They will borrow to support their lifestyle, not unlike inheritors.
• Given-ups: They are more likely earning a low salary but continue to consume as much as the other two categories. Buying a house is not on the agenda, so they do not see the point in saving.
And 71 per cent of millennials, according to Viacom’s Millennial Disruption Index, would rather go to the dentist than to the bank.
i2ifunding.com, a peer-to-peer (P2P) lending platform, today said it aims to break even by the second half of 2019-20, given its robust growth in the last two years and promising outlook in the next two years.
It has a vision to scale up this disbursement up to Rs 200 crore over the next two years, i2ifunding.com said in a statement.
Finomena, a startup which provided small ticket loans to students and young professionals, has shut down after failing to raise pre-Series A funding round.
The company is now no longer accepting new users on its website.
After working in a bank for many years, Brahma Mahesh and his friend decided to do something in the burgeoning FinTech space. They zeroed in on lending, as only 5-6% of the population is covered by banks and NBFCs. Mahesh, along with four other co-founders, started FinMomenta last year, and launched its first product ‘Tachyloans’, a peer-to-peer lending platform in May this year.
In the next five years, almost 50% of the world’s financial services are planning to acquire fintech startups, according to a report by PricewaterhouseCoopers LLP. Collaborations, too, are expected to increase, with eight out of 10 companies waiting to partner with these new players, the report added.
Some 67% of senior Indian financial sector executives believe their business is at risk following the rise of fintech firms, and 95% of them were willing to explore partnership with them, a separate report by PwC released this April revealed.
On July 27, Axis Bank, the country’s third-largest private sector lender, acquired FreeCharge, a payments application and mobile-wallet company, for Rs385 crore ($60 million). This is the first such deal in the sector, potentially setting off more such transactions in the future, believe experts.
Five-month-old fintech startup Cashcow, which provides banking services and products to a customer at his doorstep, has expanded its operations to seven cities including Delhi, Kolkata, Pune, Ahmedabad, Hyderabad and Chennai.
Joining fintech company Rubique as a chief product officer in 2016 introduced him to Manish Aggarwal, his future co-founder, who was leaving the startup at that point.
According to the founders, Cashcow is a platform providing banking services and products to a customer at his doorstep.
The Indian financial services sector is undergoing major changes today. With more than 600 startups in the space of lending, payments, insurance and trading space, Fintech startups are not only spearheading innovation, but are also prompting traditional banks and financial institutions to explore new technologies and investing heavily in digital service delivery channels.
However, fintech startups unlike others face additional challenges of operating in a heavily regulated industry and have stiff competition as their key competitors are well established banking players. To overcome this challenge, experts believe, adopting a “Regulatory Sandbox” based approach where the regulator works closely with emerging Fintech firms make better sense.
FINCA Microfinance Bank, one of the fastest growing microfinance banks in Pakistan, has announced a movement to make digital commerce and payments free in the country.
SimSim, a mobile payment platform, was introduced in partnership with Finja – an internationally funded FinTech startup – at a launch event Thursday night at Mohatta Palace, Karachi. The event was attended by major industry stakeholders, government officials, artists, tech enthusiasts and media figures.
SimSim will give people access to frictionless payment options directed towards a diverse pool of merchants.
Over 25 FinTech companies attended the recent inaugural meeting of FTAN – FinTech Association of Nigeria – which principal objective is to serves as a platform for the development of the financial technology industry in Nigeria and to be a forum for the exchange of ideas and dissemination of information by and between various stakeholders in the industry.
Even the shadiest bitcoin operators understand the system is predicated on trust.
Continue reading: Why there is no such thing as a trustless financial system
Even the shadiest bitcoin operators understand the system is predicated on trust.Continue reading: Why there is no such thing as a trustless financial system
Our daily markets chat will resume on August 14
Continue reading: Seasonal Markets Live hiatus
Our daily markets chat will resume on August 14Continue reading: Seasonal Markets Live hiatus
Alphachat is available on Acast, iTunes and Stitcher. In this two part-part episode, we speak with Michael Pettis, finance professor at Peking University and the first-ever guest on Alphachat way back in 2011.Continue reading: Podcast: Michael Pettis o…
In this two part-part episode, we speak with Michael Pettis, finance professor at Peking University and the first-ever guest on Alphachat way back in 2011.Continue reading: Podcast: Michael Pettis on the mechanics of trade and the Chinese economy
Please stop talking about the Vix so much; Krugman on the Heritage health care plan of 1989; the Democratic Party’s deep state; Uber’s CEO search continues; the year of the goat; other stuff.
Continue reading: Further reading
Please stop talking about the Vix so much; Krugman on the Heritage health care plan of 1989; the Democratic Party's deep state; Uber's CEO search continues; the year of the goat; other stuff.Continue reading: Further reading
Heaven on earth indeed.
Continue reading: Thought for the weekend
Heaven on earth indeed.Continue reading: Thought for the weekend
His “disruptive boutique investment and management business” is being wound up.
Continue reading: Another blow for the former boss of Ve Interactive
His "disruptive boutique investment and management business" is being wound up.Continue reading: Another blow for the former boss of Ve Interactive
Companies House documents suggest the startup has an equity valuation much lower than $1bn.
Continue reading: Is Blippar really a unicorn?
Companies House documents suggest the startup has an equity valuation much lower than $1bn.Continue reading: Is Blippar really a unicorn?