Latest news with #LCM
Business Wire
5 days ago
- Business
- Business Wire
Levitt Capital Management Named Runner-Up for Best Investment Advisory in France
NICE, France--(BUSINESS WIRE)-- Levitt Capital Management (LCM), a boutique investment advisory specializing in serving Americans in Europe, is excited to announce two major recognitions and updates to its staff and office location. Recognition includes LCM being named the runner-up for Best Advisory Firm in France for its size category at the prestigious Sommet du Patrimoine & de la Performance Awards after a presentation by firm founder Robert Levitt and Chief Growth Officer Yana Kossinskaya. Also being announced is Levitt's appointment to the Board of Trustees of the American Library in Paris (American Library) for the 2025-2026 term. The firm is adding two new staff members and renovating its office space. 'The judges appreciated and understood the challenges that we have overcome and voted their confidence in the future.' Share RECOGNITION AT SOMMET DU PATRIMOINE & DE LA PERFORMANCE AWARDS For the 2025 gala, the Sommet du Patrimoine & de la Performance recognized LCM's unique niche and impressive growth, celebrating its pioneering focus on American expatriates in the French investment landscape. Among scores of nominees, LCM's innovation and commitment propelled the firm into the finals, an honor marked by a dynamic presentation delivered by Levitt and Kossinskaya, following an outstanding initial submission drafted by Pierre Laget. 'Being named as the second best investment advisory firm in France feels like a tremendous accomplishment and recognition for what we have done over the past three years,' said Levitt. 'To be honored with a French firm, but one focused on U.S. citizen clients, seems like a huge hill to climb, but the judges appreciated and understood the challenges that we have overcome and voted their confidence in the future.' Full results can be found on the Sommet du Patrimoine & de la Performance website. ROBERT LEVITT JOINS AMERICAN LIBRARY IN PARIS BOARD OF TRUSTEES In parallel with this achievement, Levitt has joined the Board of Trustees of the American Library in Paris, serving for the 2025-2026 term. The American Library, over a century old, is an enduring pillar for the anglophone community in France. Reflecting on the appointment, Levitt said, 'The American Library is a 100-year-old institution in Paris and has been a principal part of the American community in France since its inception. I am pleased to be able to use my skills in endowment management, charitable giving, and fundraising to help the organization continue on its growth path.' In line with its Articles of Incorporation, the Library's Board of Trustees sets policy and provides strategic direction for the institution. Trustees meet several times a year, and dedicated committees in finance, library affairs, and development, convene separately to channel their expertise and advance priority initiatives. . Levitt Capital Management is strengthening its team with the addition of two new staff members, Diana Potejeva, as Operations Manager and Evelyne Dai as a Client Experience Associate. Their expertise will support the firm's continued growth and ability to serve clients across Europe. In response to increased demand, LCM is also expanding to a newly renovated office space at 1 Rue Longchamp 06000 Nice, designed to accommodate long-term team expansion and enhance client services. Founded by Robert Levitt and based in Nice, France, Levitt Capital Management is a wealth management firm specializing in providing tailored financial solutions for Americans residing in Europe. With a focus on personalized service and in-depth knowledge of international financial landscapes, Levitt Capital Management assists clients in achieving their financial goals while ensuring compliance with both U.S. and local regulations. Mr. Levitt has over 40 years in portfolio and hedge fund management and has been profiled in Forbes, RIABiz, InvestmentNews, Financial Planning, International Adviser, Leaderonomics, Democrats Abroad, The American in Paris, and more. His extensive nonprofit experience includes overseeing endowed assets and leading investment committees for cultural institutions such as the Boca Raton Museum of Art Foundation and Jewish Federation of Palm Beach. A dedicated medieval historian with a strong academic network in France, he holds master's degrees from Université de Lyon II and is pursuing doctoral studies at Université de Perpignan. He co-founded Via Nissa to preserve and promote Côte d'Azur heritage, and serves as Deputy Chair of Democrats Abroad Global's Taxation Task Force. For more information about Levitt Capital Management and their services, please visit
Korea Herald
14-07-2025
- Automotive
- Korea Herald
SolidVue and Lumotive Collaborate to Advance Next-Generation LiDAR Systems
SEOUL, South Korea, July 14, 2025 /PRNewswire/ -- SolidVue, a leader in SPAD sensor IC technology, announced a strategic collaboration with Lumotive, a US-based pioneer in programmable optical semiconductors, to develop next-generation LiDAR systems. The partnership brings together industry-leading technologies from both companies, aimed at transforming the future of 3D sensing. This collaboration will focus on developing a reference design that integrates SolidVue's high-performance dTOF SPAD array receiver with Lumotive's breakthrough Light Control Metasurface (LCM™) beamforming chip. The resulting system is expected to deliver high performance in resolution, precision, and efficiency for LiDAR module and system developers across a wide range of industries. The partnership underscores a shared vision for enabling high-performance, compact, and cost-effective LiDAR solutions that accelerate adoption in key markets such as autonomous vehicles, industrial automation, and smart devices. "By combining our advanced SPAD receiver technology with Lumotive's cutting-edge beam steering chips, we aim to push the boundaries of what LiDAR systems can achieve," said Jung-Hoon Chun, Co-CEO of SolidVue. "This collaboration is an important step toward realizing our mission of delivering high-resolution, reliable LiDAR sensor ICs to the global market." Dr. Sam Heidari, CEO of Lumotive, added, "By combining SolidVue's sensor innovation with our LCM technology, we're redefining what's possible in LiDAR performance and paving the way for next-generation applications. The collaboration between our two companies highlights the synergy of our visions and technologies, and we are excited about the potential impact across multiple industries." With complementary strengths and aligned goals, SolidVue and Lumotive are committed to enabling a new class of LiDAR systems that offer superior performance, scalability, and design flexibility for next-generation applications. About SolidVue SolidVue, headquartered in South Korea, specializes in the development of advanced LiDAR sensor ICs. The company has pioneered the integration of CMOS SPAD (Single Photon Avalanche Diode) technology, enabling high-resolution 3D imaging with enhanced precision and depth accuracy. Its LiDAR sensor solutions are designed for applications in autonomous driving, AR/VR, and smart devices, offering compact form factors and cost efficiency.
New Straits Times
02-07-2025
- Automotive
- New Straits Times
Rare earth magnet users jolted into paying premium prices for ex-China supply
FOR years, Rahim Suleman had reached out repeatedly to carmakers and other potential clients to market the rare earth magnets from the plant his company was building in Estonia, one of just a handful outside dominant producer China. But after April 4, when Beijing imposed new restrictions on the super-strong magnets used in electric vehicles (EVs) and wind turbines, Suleman retired his sales pitch. He didn't need it any more. Ever since China's export controls tightened some rare earth exports to a trickle in the midst of a trade war with the United States, causing chaos in supply chains and some auto plant shutdowns, "the phone is ringing off the hook", said Suleman. Companies starting new plants in Europe, the US and Asia had previously reported difficult talks on deals that embedded the higher costs to make magnets outside China, which benefits from cheaper labour costs and economies of scale as well as government support via tax refunds. But the crisis has led many customers to soften or drop objections about paying those premiums as they scramble to hammer out deals, according to a dozen industry participants, including carmakers, magnet makers, rare earth producers, consultants and government officials interviewed by Reuters. While rare earths magnets from China are flowing again, customers remain on edge about the threat of future shortages. Suleman's company, Neo Performance Materials, launched output of permanent magnets at its Estonia plant in May. Now, he said, "everybody wants to talk about how (they can) satisfy their demand out of our facility". He said he had no worries about lining up enough customers who would pay a premium — US$10 to US$30 per kg, with EVs typically holding 2kg to 4kg of magnets per vehicle — over the price they usually pay for Chinese magnets. Output at Neo's factory in Estonia is starting small, providing samples to its first customer, which Suleman declined to identify. German auto parts supplier Schaeffler said it was a customer of the plant, but declined to comment on how much it is paying. In South Korea, customers of NovaTech, which produced magnets in China, were prepared to pay 15 to 20 per cent more for magnets made in Vietnam, said a company source, adding that there was "a growing sense of crisis among customers". The company, which sells China-made magnets used in Samsung's phones and tablets, is investing at least 10 billion won in a plant in Vietnam launching early next year to make magnets using locally processed rare earths from a partner, said the person and another company official. Britain's Less Common Metals (LCM), one of the few firms outside China involved in a key step of rare earths processing — making rare earth metals and alloys — says it is battling to cope with new enquiries. "Now, post-April 4, it's like someone stuck a cattle prod into the whole industry," said Grant Smith, its chairman. He said LCM had held discussions with numerous companies that used magnets as they sought alternative supply sources, though he declined to name them. Despite the new willingness to pay a premium, it would take many years or even decades to build up production outside of China, which accounted for 90 per cent of global permanent magnet supply, said industry participants. And the question of how much more should be paid for rare earths and magnets outside of China is a tricky one. Too high a premium for mined rare earths could see consumers cutting down their use, while premiums that are too low would not be enough to allow construction of ex-China projects, say analysts and consultants. Carmakers are willing to pay more to guarantee ex-China supplies, but they are also in the midst of an EV price war that has left them with thin margins. One executive at a rare earths company said the firm had held discussions with carmakers that were prepared to pay US$80 per kg for neodymium-praseodymium oxide, a rare earth needed for magnets used in motors and generators — a figure Reuters has not independently verified. That is already a significant — near 30 per cent — premium over the Chinese price of US$62 based on data from price reporting agency Fastmarkets.
News18
26-06-2025
- Business
- News18
BSE Shares Down Over 1% As Sebi Slaps Rs 25 Lakh Penalty For Flouting Regulatory Norms
Last Updated: Shares of BSE declined over 1 per cent on Thursday morning after markets regulator Sebi slapped a Rs 25 lakh penalty on the stock exchange. BSE Share Price Shares of BSE declined over 1 per cent on Thursday morning after markets regulator Sebi slapped a Rs 25 lakh penalty on the stock exchange for failing to provide equal access to corporate disclosures to all stakeholders and take action against brokers with frequent modifications during trades. After a flat beginning to the trade, the stock later dropped by 1.47 per cent to Rs 2,748 on the NSE. The market regulator passed the order after an inspection conducted between February 2021 and September 2022. In a 45-page order on Wednesday, Sebi found that BSE's system architecture allowed its paid clients and internal listing compliance monitoring (LCM) team to access corporate announcements before the same were made public through its website, resulting in a breach of norms. The regulator also observed that the data dissemination process lacked safeguards to ensure simultaneous and equal access to all stakeholders, which is critical to maintaining market integrity and preventing unfair information advantage. Accordingly, Sebi concluded that BSE failed to comply with Regulation 39(3) of the Securities Contracts (Regulation) SECC (Stock Exchange and Clearing Corporations) Regulations, 2018, which mandates stock exchanges to ensure fair and transparent access to all users. It also noted that BSE did not establish a really simple syndication feed, which could have mitigated the risk of unequal access to corporate disclosures. Although the exchange later created a time gap to address the issue, Sebi held that such corrective action was taken only after the inspection highlighted lapses. Sebi also flagged serious shortcomings in BSE's monitoring of client code modifications, which are permitted only in case of genuine errors. BSE failed to initiate disciplinary action against brokers with frequent modifications and did not adequately monitor 'error accounts', raising concerns over the possibility of misuse and lack of due diligence in trades between unrelated institutional clients.
The Hindu
26-06-2025
- Business
- The Hindu
BSE shares down over 1% as Sebi slaps ₹25 lakh penalty for flouting regulatory norms
Shares of BSE declined over 1% on Thursday (June 26, 2025) morning after markets regulator Sebi slapped a ₹25 lakh penalty on the stock exchange for failing to provide equal access to corporate disclosures to all stakeholders and take action against brokers with frequent modifications during trades. After a flat beginning to the trade, the stock later dropped by 1.47% to ₹2,748 on the NSE. The market regulator passed the order after an inspection conducted between February 2021 and September 2022. In a 45-page order on Wednesday, Sebi found that BSE's system architecture allowed its paid clients and internal listing compliance monitoring (LCM) team to access corporate announcements before the same were made public through its website, resulting in a breach of norms. The regulator also observed that the data dissemination process lacked safeguards to ensure simultaneous and equal access to all stakeholders, which is critical to maintaining market integrity and preventing unfair information advantage. Accordingly, Sebi concluded that BSE failed to comply with Regulation 39(3) of the Securities Contracts (Regulation) SECC (Stock Exchange and Clearing Corporations) Regulations, 2018, which mandates stock exchanges to ensure fair and transparent access to all users. It also noted that BSE did not establish a really simple syndication feed, which could have mitigated the risk of unequal access to corporate disclosures. Although the exchange later created a time gap to address the issue, Sebi held that such corrective action was taken only after the inspection highlighted lapses. Sebi also flagged serious shortcomings in BSE's monitoring of client code modifications, which are permitted only in case of genuine errors. BSE failed to initiate disciplinary action against brokers with frequent modifications and did not adequately monitor 'error accounts', raising concerns over the possibility of misuse and lack of due diligence in trades between unrelated institutional clients.
