Attractions In Private Equity
Interest in PE is generally driven by its enhanced risk-adjusted return potential alongside concerns of low yield and high current public valuations.
Some of the biggest traction in private equity is diversification: the access to private companies that are otherwise hard to gain exposure to via other asset classes . PE investments have a low correlation with the traditional stock markets. As a result, intrinsic value is not necessarily impacted by factors that typically affect listed companies PE results in a differentvalue creationmodel from public equity markets, as investors have a meaningful stake in the company they are investing in. PE managers take part in the result and are much more invested in the firm performance than in public equity firms. The said managers will usually implement longer-term strategies without short term public investor pressure as the companies being invested will usually have an experienced management team, leading to organizational growth and tend to be more successful, leading to higher investor returns.
PE provides an investment opportunity for investors willing to lock-up their capital, allowing managers to follow strategies otherwise unavailable. This is the major compensation for Illiquidity.
Likely Legal Vaccine Passports Emerge As The Next Coronavirus Divide
Businesses and universities want fast, easy ways to see if students and customers are vaccinated, but conservative politicians have turned vaccine passports into a cultural flash point.
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By Sheryl Gay Stolberg and Adam Liptak
WASHINGTON Cathay Pacific airlines, convinced that digital proof of coronavirus vaccination will bring about the return of safe international travel, asked its pilots and crew to try out a new mobile app that showed their vaccination status on a recent flight from Hong Kong to Los Angeles.
New York has rolled out Excelsior Pass, billed by the state as a free, fast and secure way to present digital proof of Covid-19 vaccination in case reopening sports and entertainment venues require proof of attendees status.
And Walmart, the nations largest private employer, is offering electronic verification apps to patients vaccinated in its stores so they can easily access their vaccine status as needed, the company says.
Around the country, businesses, schools and politicians are considering vaccine passports digital proof of vaccination against the coronavirus as a path to reviving the economy and getting Americans back to work and play. Businesses especially fear that too many customers will stay away unless they can be assured that the other patrons have been inoculated.
On the face of things, requiring proof of vaccination seems a lot like, No shoes, no shirt, no service, said Mark Tushnet, a law professor at Harvard.
The Origins Of Private Equities
The origins of the modern private equity industry can be traced back to one of the major periods in the history of private equity and venture capital. One of the first known figures in private equity is JP Morgan an American financier and banker who dominated corporate finance and industrial consolidation in the United States of America in the late 19th and early 20th centuries and who would in his early carrier finance railroads and other industrial companies throughout the United States. JP Morgans 1901 acquisition of the Carnegie Steel Company for $480 million represents the first true major buyout as they are thought of today. This was the first time in history where an individual has bought out a company and established a monopoly over the entire American steel market.
In the year 2000, a mix of changes in regulatory, decreasing interest rates and loosening lending standards publicly traded companies would set the stage for the largest boom private equity had seen with buyouts that could once again obtain significant high yield debt financing and larger transactions could be completed. Over the next ten years, other major buyouts were becoming more common, including the acquisitions of mega-corporate such as Toys R Us, Metro-Goldwyn-Mayer and SunGard.
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Bridging The Gap Between Traditional Capital Markets And Digital Securities
Stellerro is the first Technological Underwriter of its kind, spearheading a disruptive umbrella for the emerging Digital Securities Offerings industry, ensuring companies meet the right compliance conditions of numerous regulated jurisdictions. Some of our expertise in navigating this innovate market successfully include:
Technology & A.I.: Integrated with existing data and business systems, backed by advanced AI developed in house, we help firms to innovate and differentiate themselves based on big data. Our database improves efficiency and productivity, eventually delivering cost savings and better revenues.
Opportunity comes knocking: Stellerro has a vast chain of partners, assisting us in finding and connecting with potential opportunities, market trends, eventually helping PE firms remain competitive.
Financial & Investments Expertise: Stellerro has much industry experience, with a team of professionals who spent many years in top tier investment houses, VCs and various financial ventures and have been involved in multiple Alternative Investment projects across all alternative asset classes, including private equity. On the other hand, Stellerro is aligned with top global financial institutions and investment funds as a dedicated partner in enhancing the integration of both ecosystems.
For media inquiries: Oded@stellerro.com
Deep Dive Into Ef Core Hasdata Seeding
By | August 2018 | Get the Code
The ability to seed data when migrations are run is a feature that disappeared in the transition from Entity Framework 6 to Entity Framework Core . With the latest version of EF Core, 2.1, seeding has made a comeback, yet in a very different form. In this article, youâll learn how the new seeding feature works, as well as scenarios where you may or may not want to use it. Overall, the new mechanism of seeding is a really handy feature for models that arenât overly complex and for seed data that remains mostly static once itâs been created.
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A New York Privacy Act
In the 2021 State of the State address, Governor Cuomoemphasized how he wants to ensure significant protections for NewYorkers’ personal data, and the NYPA in its current formreflects that goal. The NYPA is more stringent than the CCPA inmany respects. The proposed NYPA would apply to any legal entitythat conducts business in New York or “produce products orservices that are intentionally targeted to residents of New York. Like the Virginia CDPA, the proposed NYPAadopts the EU’s General Data Protection Regulation definition of “controller” and”processor”, instead of the “business” and”service provider” regime of CCPA.
However, the NYPA defines and protects “personaldata”2 more similarly to “personalinformation” under the CCPA than the CDPA. The NYPA’s”personal data” also covers information categorized byexisting data privacy laws as “sensitivecategories of personal data,” such as historical or real-timegeolocation data, medical and health information, race, religion,sex, or disability information, but does not contain a separate”sensitive” category of personal data. Like the GDPR andCCPA, the NYPA’s definition of “personal data” isextremely broad and will encompass a significant amount ofinformation as personal data, including any consumer”profiling” if an inference about the consumer can bedrawn from it. Also like the CCPA, the NYPA exempts from thedefinition of personal data any data that is governed by otherprivacy regimes, such as HIPAA or the Gramm-Leach-Bliley-Act.
History Of The New York Stock Exchange
The New York Stock Exchange dates back to May 17, 1792. On that day, 24 stockbrokers from New York City signed the Buttonwood Agreement at 68 Wall Street. The New York Stock Exchange kicked off with five securities, which included three government bonds and two bank stocks.
Thanks to the NYSE’s head start as the major U.S. stock exchange, many of the oldest publicly traded companies are on the exchange. Consolidated Edison is the longest listed NYSE stock, joining in 1824 as New York Gas Light Company. Along with American stocks, foreign-based corporations can also list their shares on the NYSE if they adhere to certain listing standards.
A series of mergers has given the New York Stock Exchange its massive size and global presence. The company started as NYSE before merging with the Euronext and adding the American Stock Exchange. NYSE Euronext was purchased in an $11 billion deal by the Intercontinental Exchange in 2013. The following year, Euronext emerged from ICE via an initial public offering , but ICE retained ownership of the NYSE.
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Carlos Slim Loan And Investment
On January 20, 2009, The New York Times reported that its parent company, The New York Times Company, had reached an agreement to borrow $250 million from Carlos Slim, a Mexican billionaire “to help the newspaper company finance its businesses”. The New York Times Company later repaid that loan ahead of schedule. Since then, Slim has bought large quantities of the company’s Class A shares, which are available for purchase by the public and offer less control over the company than Class B shares, which are privately held. Slim’s investments in the company included large purchases of Class A shares in 2011, when he increased his stake in the company to 8.1% of Class A shares, and again in 2015, when he exercised stock optionsacquired as part of a repayment plan on the 2009 loanto purchase 15.9 million Class A shares, making him the largest shareholder. As of March 7, 2016, Slim owned 17.4% of the company’s Class A shares, according to annual filings submitted by the company. While Slim is the largest shareholder in the company, his investment only allows him to vote for Class A directors, a third of the company’s board. Slim continues to influence the paper’s direction.
Our Executive Leadership Team
Roger Lynch
Chief Executive Officer
Roger Lynch was appointed CEO of Condé Nast in April 2019. Prior to that, Lynch served as President and CEO of Pandora, the U.S.s largest music streaming service. Previously, he was the founding CEO of Sling TV, the No. 1 U.S. over-the-top television service. He also served in Europe as Chairman and CEO of Video Networks International, Ltd., an IPTV technology company, and as President and CEO of Chello Broadband N.V. Lynch currently serves on the Board of Directors of Condé Nast, Mattel, Inc., Quibi, LLC and the Partnership for New York City. He is also a member of the Board of Overseers of the Tuck School at Dartmouth College and the Board of Councilors of the Dornsife College of Letters, Arts and Sciences at the University of Southern California. He received his Master of Business Administration with the highest distinction from the Tuck School of Business at Dartmouth College and his Bachelor of Science in Physics from the University of Southern California.
Sanjay Bhakta
Chief Product and Technology Officer
Danielle Carrig
Chief Communications Officer
Agnes Chu
President, Condé Nast Entertainment
Pamela Drucker Mann
Global Chief Revenue Officer & President, U.S. Revenue
Stan Duncan
Chief People Officer
Deirdre Findlay
Chief Marketing Officer
Jackie Marks
Chief Financial Officer
Elizabeth Minshaw
Chief of Staff
Dame Anna Wintour
Chief Content Officer and Global Editorial Director of Vogue
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The Public On The Private
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Last week, when Anthony Weiners congressional colleagues succeeded in getting him to resign, his constituents were not in the same hurry to show him the door. Surely they were embarrassed for himit was difficult not to bebut a majority of the voters in his Brooklyn and Queens district wanted him to stay in office. It wasnt practical: the distraction had become too distracting. We might have had to endure a future of press conferences dogged by the very loud heckler who, throughout the press conference in which the Congressman announced his resignation, shouted stuff like Are you more than seven inches? On the Republican side, Representative Christopher Lee, of New York, had resigned from the House in February immediately after news broke of his Internet self-exposurehe had sent a photograph of himself bare-chested to a woman he contacted through Craigslistand the Democratic leaders apparently felt that they could demand no less when their guy sent around much raunchier self-portraits. Still, its interesting to contemplate that it is often the political classes, more than the voters, who want to rid themselves of trouble like Weiner.
Patience And Fortitude For All New Yorkers
Since its founding in 1895, The New York Public Library has unwaveringly served New York City, no matter the circumstances. The COVID-19 pandemic brought forth unprecedented challenges for our city and our patrons. But as it has always done, the Library quickly adapted to ensure communities could still access the information and resources they needed. While constantly monitoring the rapidly changing circumstances, the Library increased its core digital servicesfrom e-book access to online learning support for students, remote research services, online programs, and virtual one-on-one job support. And as soon as it could, the Library reopened all available branch locations across the Bronx, Manhattan, and Staten Island in phases to ensure that New Yorkers could access the services and resources they rely on.
The Library was founded on the ideals of free and open access to knowledge and opportunity for everyone. The challenges of 2020 and 2021 did not deter, but rather reaffirmed NYPLs central objective to serve New Yorkers through even the most turbulent timesa testament to the enduring legacy of the Library as one of the citys most essential civic institutions.
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View Of The World Cover
Saul Steinberg created 85 covers and 642 internal drawings and illustrations for the magazine. His most famous work is probably its March 29, 1976, cover, an illustration most often referred to as “View of the World from 9th Avenue“, sometimes referred to as “A Parochial New Yorker’s View of the World” or “A New Yorker’s View of the World”, which depicts a map of the world as seen by self-absorbed New Yorkers.
The illustration is split in two, with the bottom half of the image showing Manhattan‘s 9th Avenue, 10th Avenue, and the Hudson River , and the top half depicting the rest of the world. The rest of the United States is the size of the three New York City blocks and is drawn as a square, with a thin brown strip along the Hudson representing “Jersey”, the names of five cities and three states scattered among a few rocks for the United States beyond New Jersey. The Pacific Ocean, perhaps half again as wide as the Hudson, separates the United States from three flattened land masses labeled China, Japan and Russia.
The illustrationhumorously depicting New Yorkers’ self-image of their place in the world, or perhaps outsiders’ view of New Yorkers’ self-imageinspired many similar works, including the poster for the 1984 filmMoscow on the Hudson that movie poster led to a lawsuit, Steinberg v. Columbia Pictures Industries, Inc., 663 F. Supp. 706 , which held that Columbia Pictures violated the copyright that Steinberg held on his work.
About: The New Yorker
The New Yorker is an American weekly magazine featuring journalism, commentary, criticism, essays, fiction, satire, cartoons, and poetry. Started as a weekly in 1925, the magazine is now published 47 times annually, with five of these issues covering two-week spans. Although its reviews and events listings often focus on the cultural life of New York City, The New Yorker has a wide audience outside New York and is read internationally. It is well known for its illustrated and often topical covers, its commentaries on popular culture and eccentric Americana, its attention to modern fiction by the inclusion of short stories and literary reviews, its rigorous fact checking and copy editing, its journalism on politics and social issues, and its single-panel cartoons sprinkled throughout each i
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What About Private Setters
The limitation posed by the required primary key stands out because Magazine uses an integer as a key property. Iâve written many solutions, however, that use Guids for keys and my domain logic ensures that a Guid value is created when I instantiate an entity. With this setup, I can protect any properties by using private setters, yet still get the key property populated without exposing it. But thereâs a problem for HasData. First, letâs see the effect and then explore the problem.
As an example, Iâve transformed Magazine in Figure 1 so that MagazineId is a Guid, the setters are private and the only way to set their values is through the one and only constructor.
Figure 1 The Magazine Type with a Guid Key, Private Setters and a Parameter Constructor
public class Magazine public Guid MagazineId public string Name public string Publisher public List< Article> Articles }
Now Iâm assured that when I create a new Magazine object a MagazineId value will be created, as well:
modelBuilder.Entity< Magazine> .HasData
The migration generates the following InsertData method for Magazine, using the Guid created in the constructor:
migrationBuilder.InsertData
var mag1=new modelBuilder.Entity< Magazine> .HasData
Keep in mind that explicitly creating Guids in advance could get cumbersome with many rows.
A Variety Of Use Cases But Not All Of Them
Even though youâve seen some of the limitations of using HasData in a few more-complex scenarios, itâs definitely a nice improvement over the workflow that existed in earlier versions of EF. I really appreciate that I now have more control over the data flow by tying the insert, update and delete statements to individual migrations, rather than having to worry about upserts on every migration. The syntax is much cleaner, as well. Most important is the dual nature of this feature that not only allows you to get the seed data into your development database, but also means that by calling EnsureCreated, you can seed the InMemory data to provide a consistent base of seed data that will be relevant for each test.
If you want to stay informed on how HasData will evolve, or even on issues that users are discovering, keep an eye on the GitHub repository at bit.ly/2l8VrEy and just filter on HasData.
is a Microsoft Regional Director, Microsoft MVP, software team coach and consultant who lives in the hills of Vermont. You can find her presenting on data access and other topics at user groups and conferences around the world. She blogs at the thedatafarm.com/blog and is the author of âProgramming Entity Framework,â as well as a Code First and a DbContext edition, all from OâReilly Media. Follow her on Twitter: and see her Pluralsight courses at bit.ly/PS-Julie.
Thanks to the following Microsoft technical expert for reviewing this article: Andriy Svyryd
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