Nadeem's Macro Hedge Fund Grows to $1 Billion After 21% Gain
Deem Global, a macro hedge fund firm started by former Brevan Howard Asset Management money manager Asfandyar Nadeem, has grown its assets to about $1 billion, helped by double-digit returns since its launch less than three years ago.
His London-based firm raised fresh capital this year to bolster assets, with the flagship Deem Global Macro hedge fund gaining 21.3% in the five months through May, according to an investor letter seen by Bloomberg News.
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‘We don't want to be a niche brand': Seaweed is taking plastic out of stadiums and sandwich boxes
If you're lucky enough to be seeing Beyoncé at Tottenham Hotspur stadium in London this month, chances are your concert snacks will come in a container made out of seaweed. Notpla, the company which makes seaweed-based packaging to replace single-use plastics, has gone from strength to strength since winning the Earthshot Prize in 2022, bagging a prize of €1 million in the global environmental award created by the UK's Prince William. The venture started with its two French and Spanish founders, Pierre Paslier and Rodrigo Garcia Gonzalez, experimenting in their student kitchen while at Imperial College London. Now, Notpla has replaced more than 21 million items of single-use plastic across Europe, and is aiming to displace 1 billion units by 2030. In order to make a real dent in the insidious issue of plastic pollution, the 'disappearing packaging' solution is being rolled out in new venues and fashioned into new shapes and sizes. We caught up with chief revenue officer Lise Honsinger, Notpla's first employee in 2017, to find out more. Related Nappies, smartphone glass, and cigarette butts are piling up in Europe. How can we recycle them? Notpla's prototype was an edible water capsule called Ooho. It garnered viral interest in 2017, which Honsinger partly attributes to a 'zeitgeist' of plastic pollution awareness. The start-up partnered with Lucozade to replace 36,000 plastic bottles at the London Marathon in 2019. Then COVID hit, events stopped, and the company pivoted to focus on seaweed coatings for food packaging which make takeaway boxes compostable like fruit peel. In partnership with Just Eat, Notpla's packaging was used at the UEFA Women's Final at Wembley Stadium, London in 2022. From seven types of folded carton board boxes that year, it has grown into a catalogue of over 50 different designs. 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Council approves flats at former Go Outdoors site
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Union warns airport strikes could hit summer holidays
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