TEL AVIV, Israel, Jan. 25, 2021 /PRNewswire/ — Vintage Investment Partners announced today that it has become a signatory and partner to the PRI. The PRI is an international global network of investors, asset managers, owners, and service providers, working together to put responsible investing into practice. The principles, which are voluntary, aim to provide a framework into the investment decision making process and ownership practices.
Vintage Investment Partners believes in the importance of responsible investing in creating positive business growth. By becoming a signatory, Vintage is publicly demonstrating its commitment to responsible investment, incorporating environmental, social and governance (ESG) factors in its investment decisions. Vintage’s objective is to help shape a more sustainable global tech system when building its portfolio by encouraging the fund and companies to use business best practices in all aspects of their activities.
Vintage Investment Partners will implement the voluntary PRI principals in its practices and decision-making process and will work on developing investing guidelines, which will describe Vintage general approach to ESG matters, with consideration of how these will be integrated.
“Vintage is honored to join the UN PRI initiative. Since our founding, ESG factors have been extremely important to how we at Vintage make our investment decisions,” says Alan Feld, Co-Founder and Managing Partner of Vintage. “We have always taken a values-based approach to the management of our firm, the behavior we expect of our venture capital fund managers with their due diligence processes and capital allocation decisions and the conduct and activities of our direct portfolio companies.”
Vintage Investment Partners has been known for standing up for its values and leading by example. Vintage is the founder and the principal funder of the Power in Diversity Israel Initiative (www.powerindiversityisrael.com). The initiative, comprised today of over 130 startups and over 35 venture funds, promotes, and facilitates the participation of more women and more minorities in the startup ecosystem. In addition, Vintage led the effort to reduce the likelihood that female entrepreneurs will face sexual harassment by potential VC investors. Over 50 Israeli venture funds signed on to the policies and a retired female expert judge was appointed to address claims by entrepreneurs of harassment by venture investors.
“We are delighted to welcome Vintage Investment Partners on board as a signatory,” commented Fiona Reynolds, CEO of the PRI. “It is great to see their commitment to incorporating ESG and responsible investment practices, and we look forward to working together in future.”
ABOUT VINTAGE:
Vintage Investment Partners is a global integrated venture platform combining Secondary Funds, Direct Co-Investment Funds, and Fund-of-Funds. With over $2.1 Billion under management across 12 funds in Israel, Europe and the U.S., the firm is invested in several of the world’s leading venture funds and late-stage startups, has exposure directly and indirectly to over 2,200 technology companies. Vintage leverages its unique position in the ecosystem, unmatched network and a database of over 8,500 companies to provide the Value-Added Services, a free of charge service, connecting thousands of venture-backed technology startups across the world to hundreds of corporations seeking support in their digital journeys, helping drive an innovation ecosystem. The Value-Added Services also offer funds and startups with access to exclusive data and market insights.
Vintage media contact person: Danielle Bash, Head of Marketing [email protected]
TORONTO – Canada’s main stock index was down more than 200 points in late-morning trading, weighed down by losses in the technology, base metal and energy sectors, while U.S. stock markets also fell.
The S&P/TSX composite index was down 239.24 points at 22,749.04.
In New York, the Dow Jones industrial average was down 312.36 points at 40,443.39. The S&P 500 index was down 80.94 points at 5,422.47, while the Nasdaq composite was down 380.17 points at 16,747.49.
The Canadian dollar traded for 73.80 cents US compared with 74.00 cents US on Thursday.
The October crude oil contract was down US$1.07 at US$68.08 per barrel and the October natural gas contract was up less than a penny at US$2.26 per mmBTU.
The December gold contract was down US$2.10 at US$2,541.00 an ounce and the December copper contract was down four cents at US$4.10 a pound.
This report by The Canadian Press was first published Sept. 6, 2024.
TORONTO – Canada’s main stock index was up more than 150 points in late-morning trading, helped by strength in technology, financial and energy stocks, while U.S. stock markets also pushed higher.
The S&P/TSX composite index was up 171.41 points at 23,298.39.
In New York, the Dow Jones industrial average was up 278.37 points at 41,369.79. The S&P 500 index was up 38.17 points at 5,630.35, while the Nasdaq composite was up 177.15 points at 17,733.18.
The Canadian dollar traded for 74.19 cents US compared with 74.23 cents US on Wednesday.
The October crude oil contract was up US$1.75 at US$76.27 per barrel and the October natural gas contract was up less than a penny at US$2.10 per mmBTU.
The December gold contract was up US$18.70 at US$2,556.50 an ounce and the December copper contract was down less than a penny at US$4.22 a pound.
This report by The Canadian Press was first published Aug. 29, 2024.
The crypto market has recently experienced a significant downturn, mirroring broader risk asset sell-offs. Over the past week, Bitcoin’s price dropped by 24%, reaching $53,000, while Ethereum plummeted nearly a third to $2,340. Major altcoins also suffered, with Cardano down 27.7%, Solana 36.2%, Dogecoin 34.6%, XRP 23.1%, Shiba Inu 30.1%, and BNB 25.7%.
The severe downturn in the crypto market appears to be part of a broader flight to safety, triggered by disappointing economic data. A worse-than-expected unemployment report on Friday marked the beginning of a technical recession, as defined by the Sahm Rule. This rule identifies a recession when the three-month average unemployment rate rises by at least half a percentage point from its lowest point in the past year.
Friday’s figures met this threshold, signaling an abrupt economic downshift. Consequently, investors sought safer assets, leading to declines in major stock indices: the S&P 500 dropped 2%, the Nasdaq 2.5%, and the Dow 1.5%. This trend continued into Monday with further sell-offs overseas.
The crypto market’s rapid decline raises questions about its role as either a speculative asset or a hedge against inflation and recession. Despite hopes that crypto could act as a risk hedge, the recent crash suggests it remains a speculative investment.
Since the downturn, the crypto market has seen its largest three-day sell-off in nearly a year, losing over $500 billion in market value. According to CoinGlass data, this bloodbath wiped out more than $1 billion in leveraged positions within the last 24 hours, including $365 million in Bitcoin and $348 million in Ether.
Khushboo Khullar of Lightning Ventures, speaking to Bloomberg, argued that the crypto sell-off is part of a broader liquidity panic as traders rush to cover margin calls. Khullar views this as a temporary sell-off, presenting a potential buying opportunity.
Josh Gilbert, an eToro market analyst, supports Khullar’s perspective, suggesting that the expected Federal Reserve rate cuts could benefit crypto assets. “Crypto assets have sold off, but many investors will see an opportunity. We see Federal Reserve rate cuts, which are now likely to come sharper than expected, as hugely positive for crypto assets,” Gilbert told Coindesk.
Despite the recent volatility, crypto continues to make strides toward mainstream acceptance. Notably, Morgan Stanley will allow its advisors to offer Bitcoin ETFs starting Wednesday. This follows more than half a year after the introduction of the first Bitcoin ETF. The investment bank will enable over 15,000 of its financial advisors to sell BlackRock’s IBIT and Fidelity’s FBTC. This move is seen as a significant step toward the “mainstreamization” of crypto, given the lengthy regulatory and company processes in major investment banks.
The recent crypto market downturn highlights its volatility and the broader economic concerns affecting all risk assets. While some analysts see the current situation as a temporary sell-off and a buying opportunity, others caution against the speculative nature of crypto. As the market evolves, its role as a mainstream alternative asset continues to grow, marked by increasing institutional acceptance and new investment opportunities.
