Artificial Intelligence

Ping An Launches its First UCITS Umbrella Fund

Published

4 years ago

September 21, 2020

Ping An Insurance (Group) Company of China, Ltd. (hereafter “Ping An” or the “Group”, HKEX: 2318; SSE: 601318) is pleased to announce that its offshore investment platform, Ping An of China Asset Management (Hong Kong) Co., Ltd. (“PAAMC HK” or the “Company”), has launched its first UCITS (Undertakings for Collective Investment in Transferable Securities) umbrella fund.

Ping An of China Asset Management Fund (the “Fund”)^[1], together with its four key Sub-Funds, are domiciled in Luxembourg. It plans to apply for mutual recognition by Securities and Futures Commission for public offering in Hong Kong.

The Fund’s investment strategy builds on Ping An’s 20+-year track record of successful investment in China equity and fixed income markets. The Fund uses PAAMC HK’s systematic, quantitative and scientific investment methodologies to offer global investors a wide range of investment opportunities in China with flexibility and efficiency.

Each of the four Sub-Funds managed by PAAMC HK has a unique investment objective and strategy:

China A-Shares AI Multi-Factor Fund

This Sub-Fund employs multi-factor models to construct a well-diversified equity portfolio. It uses advanced artificial intelligence (AI) techniques for stock selection and portfolio optimization. It aims to achieve stable excess returns above the benchmark China Securities Index (CSI) 300 Total Return Index. In addition to applying common factors in the market, Ping An’s AI quantitative researchers have developed proprietary factors to enhance its performance and to reduce correlations with other quantitative funds.

China Green Bond Fund

This Sub-Fund mainly invests in China and emerging markets green bonds that are aligned with international standards to promote green financing and to advance environmentally friendly investments and social awareness in China and other emerging countries. Bolstered by strong domestic economic recovery and policy support, China green bonds not only help investors capture China’s green opportunities, but also mitigate risk due to its low correlations to other major asset classes.

China High-Yield Private Strategy Bond Fund

This Sub-Fund aims to achieve absolute return from investment income and long-term capital appreciation, primarily investing in high-yield corporate bonds and debt securities. It may also invest in debt securities issued by sovereign, government agencies and/or companies having main operations in mainland China.

Emerging Market Income Fund

This Sub-Fund is designed to achieve absolute return from income and long-term capital appreciation by investing at least 60% of its net assets in debt securities issued by sovereign, government agencies and/or companies having main operations in emerging market countries.

Hoi Tung, Ping An Group Investment Committee Member and Chairman & CEO of Ping An Overseas Holdings, said, “Leveraging the strength of Ping An’s investment expertise in China, this new UCITS vehicle provides global investors the opportunity to invest in China’s equity and fixed income markets. We look forward to launching more products and services that meet global investor demands.”

Chi Kit Chai, Head of Capital Markets and Chief Investment Officer, Ping An of China Asset Management (Hong Kong), said, “Capitalizing on the geographic advantage of Hong Kong, PAAMC HK connects mainland China with the rest of the world. We are committed to help our onshore Chinese clients to invest globally and our global clients to invest in China. Currently, we are seeing strong growth in demand for Chinese assets, as China can provide both pickup in yields and portfolio diversification. We are very excited to broaden our offering to include our first UCITS fund, which provides our global clients access to opportunities to invest in China.”

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Wladimir P.

Wladimir P. is a Content Editor at European Gaming Media and at PICANTE Media and covers a large variety of industries.

Artificial Intelligence

StarCompliance Strengthens Commitment to Innovation With Appointment of New Chief Product Officer

Published

2 hours ago

October 21, 2024

CISION (PR Newswire)

Kelvin Dickenson joins Star as Chief Product Officer, driving product leadership forward
ROCKVILLE, Md., Oct. 21, 2024 /PRNewswire/ — StarCompliance (Star), a leading provider of employee compliance technology solutions, announced today that industry veteran Kelvin Dickenson will join the company as Chief Product Officer. This strategic hire underscores Star’s commitment to continued innovation and transformation in the employee compliance space. Dickenson will spearhead the company’s product strategy and road map, delivering value for customers and advancing the next generation of the Star Platform.

“We are thrilled to welcome Kelvin Dickenson to Star, especially with his long history of sparking innovative growth throughout his career,” Star CEO Jennifer Sun said. “His arrival is particularly significant as we accelerate the evolution of our products. His extensive background in both software and data will enable us to deliver better reporting and analytics through the Star platform.”
Dickenson joins Star as a highly accomplished senior executive, recognized for his decisive leadership and focus on driving value through revenue growth, EBITDA expansion, business transformation, and product innovation. Most recently, Dickenson was SVP/General Manager at SAI360. Prior to that, he served as CEO of Opus, Managing Director of Global Compliance Solutions at Dun & Bradstreet, and Director of Commercial Risk Management at MBNA. His expertise spans financial services SaaS platforms, GRC, regulatory compliance, and counterparty risk.
About StarCompliance
StarCompliance is the world’s leading provider of employee compliance technology solutions. Trusted for over 25 years by millions of users in 114 countries, Star’s next-generation platform and user-friendly interface delivers the data, technology, and actionable insights needed to proactively mitigate risk, monitor conflicts globally, and support complex whistleblowing regulations. Visit www.starcompliance.com to discover the comprehensive security and unparalleled assurance you need to build a culture of compliance today.
Media Contact: Greg TarminEmail: [email protected] Phone: 917-868-7791

View original content:https://www.prnewswire.co.uk/news-releases/starcompliance-strengthens-commitment-to-innovation-with-appointment-of-new-chief-product-officer-302282048.html

Artificial Intelligence

Brandwatch Announces Key Leadership Changes to Accelerate Growth and Innovation

Published

4 hours ago

October 21, 2024

CISION (PR Newswire)

CHICAGO, Oct. 21, 2024 /PRNewswire/ — Brandwatch, the global leader in social media intelligence, today announced several strategic leadership changes to drive continued growth and innovation.

Channing Ferrer has been promoted to Global President of Brandwatch. In this expanded role, Ferrer will lead overall global business strategy and growth initiatives. He brings a wealth of experience in building and scaling successful go-to-market strategies for SaaS companies. Before joining Brandwatch, he held leadership positions at Semrush (SEMR), HubSpot (HUBS), and Acquia (Acq. Vista Equity). “I am honored to take on this new role at Brandwatch,” said Ferrer. “With our innovative product offerings and talented team, we are well-positioned to continue our growth trajectory and deliver exceptional value to our customers.”
In addition to Ferrer’s promotion, Brandwatch has strengthened its leadership team with the following new appointments:
Matt Tippets has been appointed Chief Product and Technology Officer. Tippets, who previously held senior roles at Drift, Total Expert, and Salesforce (CRM) brings extensive experience in product innovation and scaling cloud-based software solutions. Henry Spitzer has joined the team as Senior Vice President, Americas Sales. Spitzer brings proven ability in scaling teams and revenues globally, having previously held leadership roles at CarGurus (CARG) and Lusha. His ability to build and lead high-performance sales teams will be invaluable as Brandwatch continues to expand its market reach. Beth Brown has come on board as Senior Vice President, Global Agency and Business Solutions. Beth is a forward-thinking leader in digital media marketing and product development, with proven expertise in driving innovation at industry-leading companies such as EssenceMediacom, Media Futures Group, and R/GA. Jordan Gorosh has been brought in as Enterprise Sales Leader. Gorosh, an experienced leader with a background at companies like Sprinklr (CXM), Google (GOOG), and Yelp (YELP), will leverage his skills in building and leading high-performance go-to-market teams. “We are thrilled to welcome these exceptional leaders to Brandwatch,” said Ferrer. “Their combined expertise and experience will be instrumental in driving our continued growth and innovation.”
These leadership appointments further strengthen Cision’s expanding team of seasoned executives. Earlier this year, Matt Brown was appointed President of PR Newswire and Elgar Welch became President of CisionOne. Together, their collective expertise will play a pivotal role in driving Cision’s continued success.
About BrandwatchBrandwatch is a Cision Company. Cision is the global leader in consumer and media intelligence, engagement, and communication solutions. We equip PR and corporate communications, marketing, and social media professionals with the tools they need to excel in today’s data-driven world. Our deep expertise, exclusive data partnerships, and award-winning products, including CisionOne, Brandwatch, and PR Newswire, enable over 75,000 companies and organizations, including 84% of the Fortune 500, to see and be seen, understand and be understood by the audiences that matter most to them.
For media inquiries, please contact: Cision Public Relations at [email protected]
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View original content:https://www.prnewswire.co.uk/news-releases/brandwatch-announces-key-leadership-changes-to-accelerate-growth-and-innovation-302281705.html

Artificial Intelligence

Obligo Raises $35M to Expand Its Security Deposit Solutions Across Millions of U.S. Homes

Published

6 hours ago

October 21, 2024

CISION (PR Newswire)

Co-led by 83North and True Global Ventures, the funding will accelerate the expansion of strategic partnerships and the launch of additional products.
NEW YORK, Oct. 21, 2024 /PRNewswire/ — Obligo, the fintech company that builds trust between renters and landlords through its suite of flexible security deposit solutions, announced today that it has secured $35M in new funding. The investment comes as Obligo experiences a period of rapid growth, driven by recently announced partnerships with property management software companies AppFolio, Buildium, and Yardi.

The funding round, co-led by True Global Ventures and 83North, will fuel the company’s continued product innovation, IP development, and expansion of strategic partnerships as it moves closer to achieving profitability. Additional equity and debt investors participating in the round include 10D, Entrée Capital, HighSage Ventures, MUFG Innovation Partners, and Viola Credit.
“This investment is a testament to the market’s confidence in our machine learning technology, API-first distribution strategy and our vision for the future of renting,” said Roey Dor, CEO and Co-Founder of Obligo. “The value is clear: a recent survey showed that 55% of renters cited Obligo as a key factor in selecting their current home. With these additional resources and our recently announced property management software partnerships, we are uniquely positioned to become the top deposit solution for millions of U.S. homes.”
As part of this funding round, Obligo proudly welcomes Lilia Shirman, Partner at True Global Ventures, to its Board of Directors. “Obligo is a game-changer for leveraging machine learning and AI in real estate. The company’s growth and strategic channel partnerships are evidence of the tremendous value they deliver to renters and property managers alike.” said Shirman. “We are excited to partner with Obligo to catalyze its vision for creating unprecedented trust and flexibility in the residential rental market.”
For more information, visit myobligo.com.
About Obligo
Obligo harnesses financial technology to build trust between renters and landlords, making the move-in and move-out process as simple as checking in and out of a hotel. As the first security deposit alternative utilizing bank-issued Letters of Credit supported by Wells Fargo, Obligo uses Open Banking and AI to determine renters’ eligibility to rent deposit-free.
Founded in 2018 by brothers Roey Dor and Omri Dor, Obligo is bringing its industry-changing rental solutions to millions of homes across the United States.
About 83North
83North is a global venture capital firm. The firm invests across all stages, in exceptional entrepreneurs focusing on building global category leading companies. For more information visit www.83north.com and follow @83NorthVC on Twitter.
About True Global Ventures
True Global Ventures is a global venture capital firm with two actively deploying funds: TGV 4 Plus Fund (early stage) and TGV Opportunity Fund (late stage). The firm focuses on partnering closely with fast-growing, technology-driven businesses driving transformative change in business efficiency, financial services, sustainability, and other emerging sectors, and has a strong track record in enterprise AI and blockchain investments. For more information, visit www.tgvplus.com.
Media ContactKeegan St. [email protected]
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View original content:https://www.prnewswire.com/news-releases/obligo-raises-35m-to-expand-its-security-deposit-solutions-across-millions-of-us-homes-302281279.html