Latest news with #panEuropean
Yahoo
02-06-2025
- Business
- Yahoo
Hedge funds buy stocks at quickest pace since Nov 2024, Goldman Sachs says
By Nell Mackenzie LONDON (Reuters) -Hedge funds bought global equities last week at the quickest pace since November 2024, Goldman Sachs said in a note, just as stock markets ended the month with their most positive May performance in decades. The S&P 500 advanced just over 6% in May, its biggest monthly rise since November 2023 and its best gains for the month of May since 1990. The Nasdaq rallied about 9.6%, which was also its biggest monthly gain since November 2023 and its best May performance since 1997. Hedge funds ended the week bullish in every global region, led by North America and Europe, the Goldman Sachs report said. Technology companies attracted the highest interest, with hedge funds accumulating the largest weekly number of net long positions in the sector in over five years. Buying centered on firms integral to the artificial intelligence industry, including semiconductor manufacturers, technology hardware producers and electrical equipment companies, the report said. North American tech companies were favoured by hedge fund trades, followed by European counterparts, Goldman Sachs said. The pan European stock index returned more than 5% in May. Hedge funds bought European stocks for the third straight week and at the fastest pace in three months, the Goldman note said. Companies in Spain, France, Finland, Germany, Sweden and Denmark were the most net bought markets this week, while Ireland, the Netherlands and Switzerland were the most net sold, said the Goldman report. European stock sectors bought by global hedge funds last week included consumer discretionary, financial, health care and communications companies, the data showed. Hedge funds mostly bought single stocks but also made some long trades in stock indexes too, said Goldman Sachs. A long position expects an asset price to rise. 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
Reuters
02-06-2025
- Business
- Reuters
HEDGE FLOW Hedge funds buy stocks at quickest pace since Nov 2024, Goldman Sachs says
LONDON, June 2 (Reuters) - Hedge funds bought global equities last week at the quickest pace since November 2024, Goldman Sachs said in a note, just as stock markets ended the month with their most positive May performance in decades. The S&P 500 (.SPX), opens new tab advanced just over 6% in May, its biggest monthly rise since November 2023 and its best gains for the month of May since 1990. The Nasdaq (.IXIC), opens new tab rallied about 9.6%, which was also its biggest monthly gain since November 2023 and its best May performance since 1997. Hedge funds ended the week bullish in every global region, led by North America and Europe, the Goldman Sachs (GS.N), opens new tab report said. Technology companies attracted the highest interest, with hedge funds accumulating the largest weekly number of net long positions in the sector in over five years. Buying centered on firms integral to the artificial intelligence industry, including semiconductor manufacturers, technology hardware producers and electrical equipment companies, the report said. North American tech companies were favoured by hedge fund trades, followed by European counterparts, Goldman Sachs said. The pan European stock index (.STOXX), opens new tab returned more than 5% in May. Hedge funds bought European stocks for the third straight week and at the fastest pace in three months, the Goldman note said. Companies in Spain, France, Finland, Germany, Sweden and Denmark were the most net bought markets this week, while Ireland, the Netherlands and Switzerland were the most net sold, said the Goldman report. European stock sectors bought by global hedge funds last week included consumer discretionary, financial, health care and communications companies, the data showed. Hedge funds mostly bought single stocks but also made some long trades in stock indexes too, said Goldman Sachs. A long position expects an asset price to rise.
Yahoo
02-06-2025
- Business
- Yahoo
Hedge funds buy stocks at quickest pace since Nov 2024, Goldman Sachs says
By Nell Mackenzie LONDON (Reuters) -Hedge funds bought global equities last week at the quickest pace since November 2024, Goldman Sachs said in a note, just as stock markets ended the month with their most positive May performance in decades. The S&P 500 advanced just over 6% in May, its biggest monthly rise since November 2023 and its best gains for the month of May since 1990. The Nasdaq rallied about 9.6%, which was also its biggest monthly gain since November 2023 and its best May performance since 1997. Hedge funds ended the week bullish in every global region, led by North America and Europe, the Goldman Sachs report said. Technology companies attracted the highest interest, with hedge funds accumulating the largest weekly number of net long positions in the sector in over five years. Buying centered on firms integral to the artificial intelligence industry, including semiconductor manufacturers, technology hardware producers and electrical equipment companies, the report said. North American tech companies were favoured by hedge fund trades, followed by European counterparts, Goldman Sachs said. The pan European stock index returned more than 5% in May. Hedge funds bought European stocks for the third straight week and at the fastest pace in three months, the Goldman note said. Companies in Spain, France, Finland, Germany, Sweden and Denmark were the most net bought markets this week, while Ireland, the Netherlands and Switzerland were the most net sold, said the Goldman report. European stock sectors bought by global hedge funds last week included consumer discretionary, financial, health care and communications companies, the data showed. Hedge funds mostly bought single stocks but also made some long trades in stock indexes too, said Goldman Sachs. A long position expects an asset price to rise.
Tahawul Tech
16-05-2025
- Business
- Tahawul Tech
Proofpoint signs agreement to acquire HornetSecurity
Proofpoint, Inc., a leading cybersecurity and compliance company, recently announced it has entered into a definitive agreement to acquire Hornetsecurity Group, a leading pan-European provider of AI-powered Microsoft 365 (M365) security, data protection, compliance, and security awareness services. The acquisition significantly enhances Proofpoint's ability to provide human-centric security to small and mid-sized businesses (SMBs) globally through managed service providers (MSPs), further enabling all organisations to protect their people and defend their data. By combining Proofpoint's global leadership with Hornetsecurity's deep expertise in the MSP ecosystem, the two companies will advance their shared mission to protect organisations of all sizes and the people behind them. Hornetsecurity brings a high-performing business into the Proofpoint portfolio with over $160 million in annual recurring revenue (ARR), more than 20 percent year-over-year growth, and performance above the Rule of 60 – an indicator of healthy market demand and exceptional business operations at scale. Hornetsecurity and Proofpoint deliver world-class solutions servicing distinct segments of the market; Hornetsecurity provides solutions to over 12,000 channel partners and MSPs and more than 125,000 SMBs across Europe, while Proofpoint has established itself as a global leader in enterprise-grade security, trusted by 85 percent of the Fortune 100 and over half of the Fortune 1000. Together, the companies will deliver complementary, purpose-built platforms fuelled by shared threat intelligence to serve every customer across the globe with a powerful new standard in human-centric security. 'As attackers grow more sophisticated and people remain the primary target, organisations need security that protects them wherever they work—across email, cloud applications, and every digital channel', said Sumit Dhawan, CEO of Proofpoint. 'With the addition of Hornetsecurity, we're excited to extend our industry-leading, human-centric security platform to better serve the unique needs of MSPs and SMBs. We look forward to deepening our investment in the European markets as part of our global growth strategy'. 'Hornetsecurity's AI-powered security platform enables thousands of MSPs to deliver enterprise-grade protection to their SMB customers across Europe', said Daniel Hofmann, founder and CEO of Hornetsecurity. 'With the breadth of human-centric risks only growing, joining Proofpoint is a natural next step in our journey to build the strongest global offering of M365 security services. By coming together, we can better serve our partners and customers and extend that protection globally to help MSPs everywhere safeguard their customers' people, data, and operations'. With M365 at the centre of how many businesses operate, it has also become a top target for attackers. Proofpoint's recently expanded partnership with Microsoft supports scalable innovation and delivers human-centric security to help mutual customers proactively detect and mitigate threats targeting people and the data they work with. Hornetsecurity's flagship product, 365 Total Protection, is the most comprehensive cloud security solution for M365, giving MSPs a multi-tenant, unified platform to deliver integrated services including advanced email security, backup, security awareness, access and permission control, and domain fraud protection. The Hornetsecurity team will continue to drive innovation across their Total Protection product platform to deliver additional innovative solutions to their partners and customers. Through the combination of shared threat intelligence and AI models, both Proofpoint and Hornetsecurity customers and partners will benefit from improved efficacy of their leading detection ensembles against threat actors. Upon closing, Proofpoint intends to leverage its global reach to make the power of the Hornetsecurity platform available for MSPs and their customers worldwide – advancing the shared mission of protecting every organisation's people, data and operations. Hornetsecurity will serve as the central hub for all MSP and SMB customers within the group—ensuring a unified approach, enhanced service delivery, and accelerated innovation tailored to the needs of these key customer segments. Hornetsecurity's CEO Daniel Hofmann will remain at the helm of the company, continuing to drive its strategic growth and vision. The management team will remain on board, championing the company's vision and proven product strategy—while accelerating innovation to deliver the next generation of cybersecurity solutions. The acquisition is expected to close in the second half of 2025, subject to customary closing conditions. Terms of the deal are confidential. Image Credit: Proofpoint
Yahoo
13-05-2025
- Business
- Yahoo
Inovalis Real Estate Investment Trust Announces Voting Results at 2025 Annual General Meeting
TORONTO, May 13, 2025--(BUSINESS WIRE)--Inovalis Real Estate Investment Trust (the "REIT") (TSX: today announced that each of the five individuals nominated for election as a trustee of the REIT at the REIT's Annual General Meeting of Unitholders held on May 13, 2025 was elected. Voting results for the individual trustees of the REIT are as follows: NOMINEES FOR % WITHHELD % Michael Bonneveld 4,380,531 78.7% 1,182,556 21.3% Jean-Daniel Cohen 5,156,782 92.7% 406,305 7.3% Marc Manasterski 4,373,613 78.6% 1,189,474 21.4% Laetitia Pacaud 5,152,876 92.6% 410,211 7.4% Robert Waxman 4,379,964 78.7% 1,183,123 21.3% The resolution to appoint Ernst & Young (France) as auditors of the REIT for the ensuing year and authorizing the trustees to fix the remuneration to be paid to the auditors was approved by 83.2% of the votes. The resolution ratifying and approving the REIT's amended and restated Deferred Unit Plan was approved by 94.7% of the votes. The resolution to confirm the rights plan of the REIT was approved by 94.1% of the votes. About Inovalis REIT Inovalis REIT is a real estate investment trust listed on the Toronto Stock Exchange in Canada. It was founded in 2013 by Inovalis and invests in office properties in primary markets of France, Germany and Spain. It holds 12 assets. Inovalis REIT acquires (indirectly) real estate properties via CanCorpEurope, authorized Alternative Investment Fund (AIF) by the CSSF in Luxemburg, and managed by Inovalis S.A. About Inovalis Group Inovalis S.A. is a French Alternative Investment fund manager, authorized by the French Securities and Markets Authority (AMF) under AIFM laws. Inovalis S.A. and its subsidiaries (Advenis S.A., Advenis REIM) invest in and manage Real Estate Investment Trusts such as Inovalis REIT, open ended funds (SCPI) with stable real estate focus such as Eurovalys (for Germany) and Elialys (Southern Europe), Private Thematic Funds raised with Inovalis partners to invest in defined real estate strategies and direct Co-investments on specific assets. Inovalis Group ( founded in 1998 by Inovalis SA, is an established pan European real estate investment player with EUR 7 billion of AuM and with offices in all the world's major financial and economic centers in Paris, Luxembourg, Madrid, Frankfurt, Toronto and Dubai. The group is comprised of 300 professionals, providing Advisory, Fund, Asset and Property Management services in Real Estate as well as Wealth Management services. View source version on Contacts For further information, please contact:Stephane Amine, President and Chief Executive Officer Inovalis Real Estate Investment TrustTel: +33 1 5643 Khalil Hankach, Chief Financial Officer Inovalis Real Estate Investment TrustTel:+33 1 5643 Sign in to access your portfolio
