European funds reach €20tn net assets for the first time ever

European funds reach €20tn net assets for the first time ever

Assets held in UCITS and AIFs have surpassed €20 trillion for the first time ever, according to the latest data from European Fund and Asset Management Association (EFAMA). Net assets increased by 0.8 per cent to €20.04 trillion in May, driven by strong sales of...
AI tech firm DataRobot valued at $6.3bn after $300m PE-investment

AI tech firm DataRobot valued at $6.3bn after $300m PE-investment

Artificial intelligence technology company DataRobot said on Tuesday it has raised $300m in a funding round led by Altimeter Capital and Tiger Global, more than doubling its valuation to $6.3bn. New investors including Counterpoint Global, the investment arm of Morgan...