New York-based investment adviser Insight Venture Management LLC has agreed to pay a $1.5 million penalty and and $864,958 in disgorgement and prejudgment interest, to settle Securities and Exchange Commission charges that it charged excess management fees and failed to disclose a conflict of interest to investors relating to its fee calculations.
A class-action law-suit filed on behalf of investors in Sam Bankman-Fried’s failed cryptocurrency exchange FTX, has accused a number of venture capital and private equity firms, including Sequoia Capital, Thoma Bravo and Paradigm, of hyping the “legitimacy” of the business, according to a report by Bloomberg.
The Alternative Investment Management Association (AIMA), a global representative for the alternative investment industry, and its private credit affiliate, the Alternative Credit Council (ACC), has welcomed the political agreement on the European Long-Term Investment Funds (ELTIF) Regulation confirmed earlier this week.
The Competition and Markets Authority (CMA) prohibited three merger & acquisition deals in 2021/22, the highest on record in a single year. The number of blocked deals in 2021/22 equates to 5.5% of all deals reviewed by the CMA that year, says Thomson Reuters. In the previous decade, the CMA only prohibited an average of one transaction a year, around 1.5% of M&A deals reviewed.