A new spin-off from Tom Purcell's Alua Capital joins the Tiger Cub family tree
Karlan declined to comment.
The new fund will invest in stocks across different sectors, with a focus on companies undergoing technological disruption, the person said. It will be based in Stamford, the Connecticut town that is also the headquarters for Steve Cohen's Point72 and Paul Tudor Jones' long-running investment manager.
So far, the firm has hired Dan Beckham as chief operating officer. Beckham, according to his LinkedIn profile, has worked in various executive roles in asset management for decades, most recently as the head of investor relations and business development at private equity firm Saturn V Capital.
Karlan started as an analyst at Andreas Halvorsen's Viking Global before going to Stanford Business School. He joined Purcell's firm in 2015 and worked there until the start of 2024, when he began trading his own capital using the strategy he plans to deploy at Otter Rock.
He's the latest addition to the extended Tiger Management family tree, which includes big-name managers known as Tiger Cubs, such as Tiger Global, Coatue, Lone Pine, and the aforementioned Viking, as well as funds started by former employees of these managers. Alua, for example, is run by Purcell, a former executive at Viking, and Marco Tablada, a onetime Lone Pine investor.
Despite Julian Robertson, the billionaire founder of the legendary firm, passing away in 2022, his firm is still active and continues his legacy of backing external managers. The Tiger Cubs, started by former analysts of Robertson's, have spawned the next generation of stockpicking hedge funds, led by Viking in particular.
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Chicago Tribune
an hour ago
- Chicago Tribune
Gainfront replaces guesswork with data-driven supplier discovery for risk-averse corporations
Global procurement executives must lie awake at night contemplating this troubling business scenario: Their companies spend billions on sophisticated enterprise systems that track every dollar once it's committed yet rely on what amounts to educated guesswork when selecting the suppliers who receive those dollars. The most critical decision in the procurement life cycle — which vendors to trust with components, materials and services essential to operations — remains startlingly primitive at most Fortune 1000 companies. However, this scenario is starting to be a tale of the past with the rise of the AI/ML supplier life cycle management platform Gainfront. Here's how Gainfront's proprietary EfficiencyAI tool changes the game in supplier selection and identification. This scenario plays out daily across corporate America: Procurement teams tasked with finding and vetting new suppliers rely on a mix of Google searches, LinkedIn browsing, industry directories and word-of-mouth recommendations. It's a surprisingly analog approach in a world where artificial intelligence has transformed nearly every other aspect of business operations. The cost of getting it wrong can be daunting. A supplier that fails to deliver, violates compliance requirements or faces financial instability can trigger a cascade of disruptions that ripple through global supply chains. In the most severe cases, these disruptions can halt production lines, compromise product quality, damage brand reputation and even lead to regulatory penalties. 'There's literally nothing more important in a CEO's mind right now than managing their supplier life cycles and supply chain and making sure that they are positioned well, to kind of compete in a market that is fluctuating very, very rapidly,' explains Srikant Sharma from Gainfront. The traditional approach to supplier discovery isn't just inefficient — it's fundamentally broken. Legacy systems, which dominate the procurement software market, were designed for a different era. They excel at transactional processes but offer limited capabilities for the complex task of identifying and evaluating new suppliers. 'They are built on an existing solution structure that is platform-based,' Sharma argues. 'That structure is very inflexible and requires massive amounts of services, professional services and contractor work to configure it.' What makes Gainfront's approach a game changer is the recognition that supplier discovery isn't just a search problem, it's an intelligence problem. The company's proprietary EfficiencyAI suite leverages domain-trained large language models to transform how corporations identify potential suppliers. Rather than simply matching keywords, its sophisticated AI systems analyze supplier information the way an experienced procurement professional would. They evaluate websites, marketing materials and other documents across multiple languages, extracting meaningful insights from unstructured data that would take human analysts weeks to process. Gainfront can identify 'hidden gem' suppliers who might be overlooked due to language barriers or formatting limitations. Through its AI-powered supplier discovery database, businesses have access to new, qualified suppliers across 16,000-plus categories. This capability is particularly valuable for global corporations changing their business model or expanding into new markets. Gainfront's use of AI addresses a fundamental challenge in supplier discovery: the information asymmetry between buyers and potential vendors. In Gainfront, suppliers present themselves in the best possible light, with profile visibility by 95%, highlighting strengths while obscuring weaknesses. Without this ability to verify claims and identify risks, procurement teams are left making decisions based on incomplete or misleading information. Sharma explains, 'The system doesn't just find suppliers — it evaluates them, flagging potential risks related to financial stability, compliance history and operational capabilities. This innovative technology and data-driven insights ensure you can trust your choices.' For business operations that heavily rely on dependable supply chain management, Gainfront's approach can compress what traditionally takes months into minutes. Instead of assigning junior staff to compile lists of potential suppliers through manual searches, the AI-powered platform can scan millions of supplier profiles, evaluating them against specific criteria and generating concise reports for decision-makers. The company maintains a massive database of global suppliers — both diverse and nondiverse, traditional and green — that procurement teams can tap into immediately. This database isn't static; it's continuously updated and enhanced with new information, ensuring that recommendations reflect current market realities. 'It's really important to build something that's modular, that is an end-to-end solution in something that is super critical, which is managing the supply chain and managing supplier life cycles across the operations,' Sharma explains. The modular nature of Gainfront's platform allows companies to implement just the supplier discovery component if that's their most pressing need or deploy it as part of a comprehensive supplier lifecycle management solution. This flexibility has proven attractive to Fortune 1000 companies looking to modernize their procurement operations without disrupting existing systems. Data-driven supplier discovery may be just a small portion of the whole business operation, but its impact extends beyond efficiency gains. By applying AI to the evaluation process, companies can identify suppliers that not only meet basic requirements but also align with broader strategic objectives. For organizations with diversity spending targets, the platform can highlight qualified minority-owned or women-owned businesses. For those focusing on sustainability, it can identify suppliers with strong environmental credentials. And for companies concerned about geopolitical risks, it can flag potential vulnerabilities in global supply networks. For instance, one manufacturing company discovered that 43% of their tier-two suppliers — the suppliers to their direct suppliers — were concentrated in a single region with escalating political tensions. This hidden risk exposure might have gone undetected without AI-powered analysis of supplier networks. Hetal Mehta, CEO of Gainfront, shares, 'In today's complex global market, business leaders can no longer afford the luxury of uncertainty. The stakes are simply too high to make critical supplier decisions based on incomplete information or intuition alone. At Gainfront, we're committed to transforming procurement from a guesswork into a science of data-driven certainty, providing our partners with the intelligence they need to navigate increasingly unpredictable business scenarios.'
Yahoo
4 hours ago
- Yahoo
Ramit Sethi's 5 financial red flags for couples
Moneywise and Yahoo Finance LLC may earn commission or revenue through links in the content below. Ramit Sethi shared his 'five financial red flags' for couples on LinkedIn. He even put Robert Kiyosaki and Grant Cardone fans on blast, saying that if your partner follows either of the financial gurus, it's a bad sign. Don't miss Thanks to Jeff Bezos, you can now become a landlord for as little as $100 — and no, you don't have to deal with tenants or fix freezers. Here's how I'm 49 years old and have nothing saved for retirement — what should I do? Don't panic. Here are 5 of the easiest ways you can catch up (and fast) Want an extra $1,300,000 when you retire? Dave Ramsey says this 7-step plan 'works every single time' to kill debt, get rich in America — and that 'anyone' can do it Kiyosaki is the author of Rich Dad Poor Dad and a big advocate for investing in non-traditional assets, like gold and cryptocurrencies. Cardone, on the other hand, is all about property — claiming in a 2022 interview for Jetset magazine, 'In real estate, it's not if you make money; the question is when.' Sethi has a different take. He often emphasizes simple, consistent, and disciplined financial habits rather than risky investments. And that's the ethos behind Sethi's list of warnings he says he's identified through working with couples. He claims these habits could indicate money troubles ahead for those who don't address the issues head on. Red flag 1: They follow Robert Kiyosaki or Grant Cardone Sethi believes in regular, boring, and disciplined action to make money. That's not exactly Kiyosaki nor Cardone's advice of choice. However, not all of Kiyosaki and Cardone's advice is based on 'get rich quick' schemes. For instance, in March 2024, Kiyosaki raved on X, 'I love gold and silver.' It underscores his preference for alternative assets during times of economic uncertainty. One way to invest in gold that also provides significant tax advantages is to open a gold IRA with the help of Priority Gold. Gold IRAs allow investors to hold physical gold or gold-related assets within a retirement account, which combines the tax advantages of an IRA with the protective benefits of investing in gold, making it an attractive option for those looking to potentially hedge their retirement funds against economic uncertainties. To learn more, you can get a free information guide that includes details on how to get up to $10,000 in free silver on qualifying purchases. With the price of gold hitting all-time-highs in 2024, Goldman Sachs suggests the trend won't falter in 2025. In contrast, Kiyosaki also champions cryptocurrencies, like bitcoin, which is a significantly riskier asset. This dual strategy reflects Kiyosaki's broader philosophy of diversifying investments across both conservative and speculative asset classes to navigate uncertain economic conditions. If you're interested in accepting that level of risk, Gemini is a full-reserve and regulated cryptocurrency exchange and custodian, which allows users to buy, sell and store bitcoin and 70 other cryptocurrencies. You can place instant, recurring and limit buys on their growing and vetted list of available cryptos. But if you're not ready to buy just yet, you can still invest in crypto with their Gemini credit card. Red flag 2: They 'have a money guy' During a recent Diary of a CEO episode, Sethi clarified that having a financial advisor isn't inherently bad. In fact, a 2022 Vanguard study showed that financial advisors can add up to 3% in annual returns. But, Sethi flags that advisors who charge a percentage of assets under management (AUM) for fees might be an issue. A seemingly small 1% annual fee can compound into significant losses over time, draining your overall returns. To avoid those growing fees, Sethi suggests choosing advisors who charge a flat fee instead. With you can find the best advisor for your needs — both in terms of what they can offer your finances, and what they'll charge to work for you. is a free service that helps you find a financial advisor who can co-create a plan to reach your financial goals. By matching you with a curated list of the best options for you from their database of thousands, you get a pre-screened financial advisor you can trust. You can then set up a free, no obligation consultation to see if they're the right fit for you. Read more: BlackRock CEO Larry Fink has an important message for the next wave of American retirees — Red flag 3: They're cheap Sethi also believes that excessive frugality is a red flag. On Diary of a CEO, he said it 'sucks the life out of every room.' He believes that fixating on price, at all costs, means you'll end up hoarding money instead of using it. In a recent interview with Moneywise, Sethi said couples make the mistake of focusing on restrictions when it comes to money. 'No, you can't buy coffee. No, you can't buy jeans. No, you can't go on vacation. Save your money until you're 96 years old and then maybe you can take a trip in economy seats.' 'The point of money is to use it to live your rich life…everybody teaches you how to save, but very few people teach you how to spend money meaningfully,' he shared. There are also tools out there to balance spending with saving, meaning you can avoid falling into a scarcity mindset. Sethi is a proponent of automatic investing. 'It's easier to invest than it is to brush my teeth everyday because it's totally automated,' he said. With Acorns, you can save and invest while you spend on the things you need. Acorns automatically rounds up the price to the nearest dollar and places the excess into a smart investment portfolio. This way, even the smallest spending translates to money saved for the future. Sign up now and you can get a $20 bonus investment. Red flag 4: They think that renting is throwing money away Many see it as a waste of money, but Sethi and Cardone would actually agree that it can be a wiser choice. Sethi explained on his blog that renting is beneficial because you get the value and convenience of having a landlord manage the property and all of the associated maintenance. Cardone agrees, posting on X that homeowners insurance and property taxes are 'exploding' for homeowners, making renting a more attractive decision for some. However, they both frame renting primarily as a lifestyle choice rather than an investment, because the home you want to live in might not be the best investment opportunity. But that's not to say there aren't properties worth investing in. And with Arrived, you can add rental properties into your investment portfolio without needing to do any of the heavy lifting or legwork. Homeshares allows accredited investors to gain direct exposure to hundreds of owner-occupied homes in top U.S. cities through their U.S. Home Equity Fund — without the headaches of buying, owning, or managing property. The fund focuses on homes with substantial equity, utilizing Home Equity Agreements (HEAs) to help homeowners access liquidity without incurring debt or additional interest payments. This approach provides an effective, hands-off way to invest in high-quality residential properties, along with the added advantage of diversification across various regional markets – all with a minimum investment of $25,000. With risk-adjusted internal returns ranging from 12% to 18%, the U.S. Home Equity Fund offers accredited investors a low-maintenance alternative to traditional property ownership. Similarly, First National Realty Partners (FNRP) allows accredited individual investors to access necessity-based commercial real estate investments — without having to manage tenants. FNRP has relationships with some of America's biggest names, from Walmart to Whole Foods. They provide insights into the best properties both on- and off-market, and you can engage with FNRP's experts while exploring deals and making investments in their personalized portal. Red flag 5: They refuse to talk about money Lastly, Sethi believes that financial honesty is integral to a healthy relationship. He says couples need a clear understanding of their combined household income and shared goals to make smart financial decisions. 'The biggest red flag with money and couples is if one person is not willing to talk about money. We can work with somebody who has debt. We can work with somebody who has a spending problem,' Sethi told Moneywise in a recent interview. 'We can even work with somebody who sees money differently. But if one person will not talk about money, that's a dead end.' But just because your partner isn't open to discussing finances doesn't mean you need to close yourself off, too. For instance, platforms like Moby provide actionable investment insights that help you improve your financial literacy. With research from former hedge fund analysts and financial experts, Moby simplifies complex financial data into easy-to-understand recommendations. Their strategies have historically outperformed the S&P 500 by nearly 12%, making it a valuable resource for novice and seasoned investors alike. – with files from Victoria Vesovski What to read next Robert Kiyosaki warns of a 'Greater Depression' coming to the US — with millions of Americans going poor. But he says these 2 'easy-money' assets will bring in 'great wealth'. How to get in now Here are 5 simple ways to grow rich with real estate if you don't want to play landlord. And you can even start with as little as $10 Rich, young Americans are ditching the stormy stock market — here are the alternative assets they're banking on instead Here are 5 'must have' items that Americans (almost) always overpay for — and very quickly regret. How many are hurting you? Stay in the know. Join 200,000+ readers and get the best of Moneywise sent straight to your inbox every week for free. This article provides information only and should not be construed as advice. It is provided without warranty of any kind. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
7 hours ago
- Yahoo
Eric and Donald Trump Jr. to Own Millions of Shares in New U.S. Manufacturing SPAC
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