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How investing in tech-savvy millennials can pay off Toggle share menu
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How investing in tech-savvy millennials can pay off Tech-savvy millennials have become the largest and most educated population in the world. As consumers, they are reshaping the way businesses create products and services. Money Mind reports.
(Photo: Unsplash/Helena Lopes)
19 Apr 2021 09:44AM) Share this content
SINGAPORE: Over the past year, German audio firm Sennheiser has gone big on digital marketing.
Be it advertisements on social media or engaging influencers to talk about its gadgets, online campaigns have become a staple in reaching a key market - the millennials.
Goldman Sachs leads $23M in funding for Brazilian e-commerce startup Olist
Olist, a Brazilian e-commerce marketplace integrator, has raised $23 million in a Series D round extension led by new investor Goldman Sachs Asset Management that brings its total Series D financing to $80 million.
Existing backer Redpoint eventures, which first put money in Olist in 2015, also participated in the latest round. With this latest infusion, Olist has now raised over $126 million since its 2015 inception. This round is reportedly its last before the company plans to go public, according to Bloomberg.
SoftBank led the first tranch of Olist’s Series D in November as well as the company’s $46 million Series C in 2019. Valor Capital, Velt Partners, FJ Labs, Península and angel Kevin Efrusy had previously invested in the first tranche of the Series D.
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Osman Ali, co-head of Goldman Sachs Asset Management’s active quant equity group, wants just enough data.
If there’s too much data think large-cap U.S. stocks his team can’t make money because the market is too efficient. Too little data, and GSAM’s $60 billion Equity Alpha Strategies group could be data mining finding patterns that look attractive but which could have fleeting or negative value because they aren’t based on logical economics.
The Equity Alpha strategies are designed to outperform the market, with GSAM using information such as environmental, social, and governance data to help its models deliver excess returns.
Model Portfolios Can Help Financial Advisors Enhance Their Businesses April 14, 2021
Financial advisors seeking to enhance their business practices can consider outsourcing components of asset management through model portfolios.
In the recent webcast,
Decision Made: Why to Outsource Your Asset Management, Gracie Hynes, Vice President, Goldman Sachs Asset Management, argued that financial advisors can more efficiently manage their time and business practices through third party model portfolio strategies. Advisors are already spending nearly 1,000 hours per year on asset management activities while juggling many other roles and responsibilities.
However, when investors were asked why they choose to work with an advisor, 3% indicated that investment performance was the main reason, which was much less important than factors like service, reputation, and relationships.