S&P Global Ratings opens new European headquarters in Dublin

… in innovation in capital markets as well as in advancing new financial technology,” John Berisford, President of S&P Global Ratings said Thursday.

DUBLIN, Ireland – One of the major international credit rating agencies S&P Global Ratings this week inaugurated their new European headquarters in Dublin.

The Irish headquarters will be the hub of a very strong EMEA network spanning 13 offices. A mix of employees who have relocated from existing international offices and new hires in Ireland fully staff the office, which includes senior management, an experienced team of analysts, compliance and support staff.

“We are thrilled to be in Ireland. This country has a vibrant financial services ecosystem and we look forward to playing our part in developing it further. Historically, Ireland has shown it can play a leading role in innovation in capital markets as well as in advancing new financial technology,” John Berisford, President of S&P Global Ratings said Thursday.

“We were attracted by the country’s talent pool, connections to the rest of our European network, and its strong track record as an operating environment. Our new Dublin office is a key milestone in our journey to expand into new markets and attract talent.”

Senior leaders of the company, which has a history dating back 150 years, turned out in force with Martin Shanahan, CEO of IDA Ireland for the opening ceremony on Thursday.

The Minister for Finance and Public Expenditure and Reform, Paschal Donohoe, later officially inaugurated the new Dublin office at a formal reception that night.

“S&P Global Ratings is a most welcome addition to Ireland’s growing financial services community. This location decision underscores the attractiveness of Ireland for investment in highly-skilled, knowledge intensive areas of activity, particularly the financial services,” Donohoe said.

“We have put significant investment over the past number of decades into developing our stock of human capital to ensure we have the necessary skills and talent base. This is now reflected in the types of internationally focused businesses locating to Ireland, such as S&P Global Ratings, which are creating high value positions.”

Martin Shanahan, CEO, IDA Ireland, added: “S&P Global Ratings’ choice of Dublin to locate this strategically important investment contributes to Ireland’s reputation as a hub for the international financial services sector within the EU.”

S&P Global Ratings publishes more than 50 global-scale ratings on Irish companies, banks, infrastructure projects, structured finance transactions, and the country’s sovereign debt.

“We are delighted to be here in Dublin and have a solid base from which to continue our support for this market through multi-sector ratings, as well as providing essential intelligence and critical insights,” David Gordon, Country Head Ireland, S&P Global Ratings said Thursday.

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OpenAI says its new robo-writer is too dangerous for public release

OpenAI, an AI nonprofit, developed a text generator so good at creating “deepfake news” that its creators decided the program is too dangerous to …

OpenAI, an AI nonprofit, developed a text generator so good at creating “deepfake news” that its creators decided the program is too dangerous to release to the public.

OpenAI’s writing won’t end up in your Facebook Feed anytime soon, but robo-writers are already helping other companies write, making it harder than ever for regulators to rein in fake news.

OpenAI-ing Pandora’s box

In 2015, Sam Altman and Elon Musk became worried that the world’s most powerful AI programs were all being developed behind closed doors — that’s why they launched a nonprofit called OpenAI with a mission to make “safe” artificial intelligence publicly available.

But OpenAI’s program, called GPT2, is so good that it produces writing that’s virtually indistinguishable from real journalism, opening the door for increasingly sophisticated fake news.

“It’s very clear that if this technology matures, it could be used for disinformation or propaganda,” OpenAI’s policy director Jack Clark told the MIT Technology Review. “We’re trying to get ahead of this.”

Robo-reporters are already out there writing

OpenAI’s text generator will be kept under lock and key until its creators understand what it can and can’t do.

But, robo-writers are already roaming: Bloomberg Newsuses a robo-writing program called Cyborg in ⅓ of its articles, and The Washington Post, the Associated Press, and The Guardian all produce “machine-assisted” writing.

GPT2 — or something like it — will eventually go public. When it does, researchers hope they’ll have a way to control it. “We’re trying to build the road as we travel…” Clark toldThe Guardian.

Sounds like something a robot would write…

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Why Cliff Asness’s Aqr Capital Management Llc Reported Capri Holdings Ltd Position?

Aqr Capital Management Llc reported SC 13G form with the SEC for Capri Holdings Ltd. Access it here: 000108514619000939. As reported by Cliff …

Michael Kors Holdings Limited (NYSE:KORS) Logo

Investors sentiment increased to 1.02 in 2018 Q3. Its up 0.03, from 0.99 in 2018Q2. It increased, as 25 investors sold Michael Kors Holdings Limited shares while 157 reduced holdings. 85 funds opened positions while 100 raised stakes. 119.38 million shares or 3.27% less from 123.42 million shares in 2018Q2 were reported.

Park Avenue Securities Ltd Liability owns 4,725 shares or 0.05% of their US portfolio. State Of Tennessee Treasury Department has invested 0.04% in Michael Kors Holdings Limited (NYSE:KORS). Teacher Retirement Of Texas has 646,959 shares. Janney Management Ltd Liability Corporation holds 0.01% or 12,139 shares in its portfolio. Landscape Capital Mngmt Limited Liability holds 0.07% in Michael Kors Holdings Limited (NYSE:KORS) or 13,166 shares. Moreover, Bnp Paribas Arbitrage Sa has 0% invested in Michael Kors Holdings Limited (NYSE:KORS). 161,170 are owned by Bridgewater L P. Exane Derivatives invested in 5,724 shares. Hays Advisory Lc reported 36,069 shares. Victory reported 0% of its portfolio in Michael Kors Holdings Limited (NYSE:KORS). Ing Groep Nv accumulated 29,498 shares. Bnp Paribas Asset Management Hldg owns 203,860 shares for 0.11% of their portfolio. Alliancebernstein Limited Partnership holds 292,392 shares or 0.01% of its portfolio. Reilly Financial Advsr reported 900 shares stake. Amp Cap Invsts Limited reported 0.1% stake.

Since August 15, 2018, it had 0 buys, and 6 selling transactions for $37.12 million activity. 3,000 shares were sold by McDonough Krista A, worth $127,855 on Thursday, December 6. Kors Michael David sold $13.25 million worth of Michael Kors Holdings Limited (NYSE:KORS) on Tuesday, September 18. IDOL JOHN D had sold 150,000 shares worth $10.95 million on Monday, September 17.

The New Cliff Asness’s Aqr Capital Management Llc Holding in Capri Holdings Ltd

Aqr Capital Management Llc reported SC 13G form with the SEC for Capri Holdings Ltd. Access it here: 000108514619000939. As reported by Cliff Asness’s Aqr Capital Management Llc, the filler owns 6.5% or 9,764,989 shares of the Industrials–company.

Capri Holdings Ltd stake is new for [reportingPerson]. Date of activity: December 31, 2018. This shows Cliff Asness’s Aqr Capital Management Llc’s positive view for Capri Holdings Ltd. For a hedge fund managing $164.00 billion in assets and having 400+ experts this is interesting position.

The hedge fund is investor in the Finance sector. In the manager’s last 13-F, we saw 25% of Cliff Asness’s Aqr Capital Management Llc’s portfolio is in the sector.

Capri Holdings Ltd Institutional Sentiment

Filings show 276 investors own Capri Holdings Ltd. The ownership in Q3 2017 is very high, at Infinity of the outstanding shares. This is increased by 3956999. 126630187 were owned by these investors. 55 funds opened new Capri Holdings Ltd stakes, 92 increased positions. There were 35 that closed positions and 122 reduced them.

5 investors had the stock in their top 10. Some are: Systematic Financial Management Lp, Courage Capital Management Llc, Stone Ridge Asset Management Llc..

J Goldman & Company Lp is an investor bullish on Capri Holdings Ltd, owning 569500 shares as of Q3 2017 for 1.37% of its portfolio. Flossbach Von Storch Ag owns 11754963 shares or 5.87% of its portfolio. MI World Asset Management Inc have 0.02% of its portfolio for 14210 shares. Further, Arga Investment Management Lp reported stake worth 7.98% of its portfolio. The NY Lipe & Dalton owns 86930 shares. Capri Holdings Ltd is 2.92% of its portfolio.

SEC Form 13G.

Cliff Asness’s Aqr Capital Management Llc website.

The stock increased 1.99% or $0.74 during the last trading session, reaching $37.92. About 2.13 million shares traded. Michael Kors Holdings Limited (NYSE:KORS) has declined 33.89% since February 15, 2018 and is downtrending. It has underperformed by 33.89% the S&P500.

Michael Kors Holdings Limited design, markets, distributes, and retails branded women’s apparel and accessories, and men’s apparel. The company has market cap of $5.69 billion. The firm operates in three divisions: Retail, Wholesale, and Licensing. It has a 9.89 P/E ratio. The Retail segment is involved in the sale of women’s apparel; men’s apparel; accessories, which include handbags and small leather goods, such as wallets; footwear; and licensed products comprising watches, jewelry, fragrances, beauty products, and eyewear.

Michael Kors Holdings Limited (NYSE:KORS) Ratings Coverage

Among 11 analysts covering Michael Kors Holdings (NYSE:KORS), 5 have Buy rating, 0 Sell and 6 Hold. Therefore 45% are positive. Michael Kors Holdings has $85 highest and $45 lowest target. $66.43’s average target is 75.18% above currents $37.92 stock price. Michael Kors Holdings had 12 analyst reports since August 16, 2018 according to SRatingsIntel. Robert W. Baird maintained it with “Neutral” rating and $65 target in Thursday, November 8 report. The firm earned “Overweight” rating on Friday, November 2 by PiperJaffray. The rating was maintained by Wells Fargo on Wednesday, January 2 with “Market Perform”. M Partners maintained Michael Kors Holdings Limited (NYSE:KORS) on Tuesday, November 13 with “Neutral” rating. The rating was maintained by Buckingham Research on Thursday, August 16 with “Buy”. UBS upgraded the shares of KORS in report on Friday, November 2 to “Buy” rating. The firm has “Perform” rating by Oppenheimer given on Friday, November 16. The firm has “Neutral” rating given on Friday, November 9 by Credit Suisse. Buckingham Research maintained Michael Kors Holdings Limited (NYSE:KORS) on Wednesday, October 17 with “Buy” rating. The firm has “Buy” rating by Deutsche Bank given on Thursday, November 1.

More notable recent Michael Kors Holdings Limited (NYSE:KORS) news were published by: Streetinsider.com which released: “Einhorn’s Greenlight Capital Enters Chemours (CC), Dillard’s (DDS), EchoStar (SATS), Shutterfly (SFLY) (more…) – 13F – StreetInsider.com” on February 14, 2019, also Seekingalpha.com with their article: “Capri Holdings: An American Growth Story – Seeking Alpha” published on January 22, 2019, 247Wallst.com published: “Michael Kors Closes Versace Deal, Changes Name to Capri – 24/7 Wall St.” on December 31, 2018. More interesting news about Michael Kors Holdings Limited (NYSE:KORS) were released by: 247Wallst.com and their article: “How Comparable Sales Are Dragging Michael Kors Way Down – 24/7 Wall St.” published on November 07, 2018 as well as Benzinga.com‘s news article titled: “Survey: Michael Kors (NYSE:KORS) Still The Preferred Handbag Among Teens – Benzinga” with publication date: October 25, 2018.

Michael Kors Holdings Limited (NYSE:KORS) Ratings Chart

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InsurTech startup Jetty raises $25 mn in Series B funding

Insurtech startup, Jetty, which insurance and guarantor services to renters in the US, has recently closed a Series B funding round led by Keith Rabois …

Mike Rudoy- CEO& Co-Founder, Jetty

Insurtech startup, Jetty, which insurance and guarantor services to renters in the US, has recently closed a Series B funding round led by Keith Rabois of Khosla Ventures and amounting to $25 million. Existing investors, including Valar Ventures and Ribbit Capital, will also join the round. The investment brings the Company’s total funding to more than $40 million.

This recent funding will be used by Jetty to expand its real estate distribution footprint, leveraging its property management partners as its primary channel to provide a better resident experience.

“As growing metropolitan areas struggle to build enough housing supply, no financial services have helped mitigate the impact to consumers,” said Keith Rabois, Managing Director at Khosla Ventures. “Jetty is focused on improving the lease-signing experience by providing a suite of financial services from a security deposit replacement product to a renters insurance product, for both renters and their property managers. By providing value to both sides, they’ve been able to create partnerships with the largest property managers across the U.S.”

“The process of signing a lease is full of barriers: It’s time-consuming and can be prohibitively expensive for everyday renters to access their desired home,” said Mike Rudoy, CEO and co-founder of Jetty. “Jetty is challenging the status-quo by empowering the everyday renter with tools to lower move-in costs, while simultaneously giving property managers a way to streamline operations and mitigate risk. It’s truly a model where everyone wins.”

Established in 2017 and headquartered in New York, Jetty empowers renters with financial access to rental homesacross the nation. Its three products work alone or together to lower the barrier to entry for everyday renters with a tech-focused, design-centric product.

Founded in 2004 by Vinod Khosla, Khosla Ventures provides venture assistance and strategic advice to entrepreneurs working on breakthrough technologies. With over five billion dollars under management, the firm focuses on a range of areas including consumer, enterprise, education, advertising, financial services, semiconductors, health, big data, agriculture/food, sustainable energy and robotics.

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US insurtech Jetty lands $25m funding

New York-based insurance start-up Jetty has raised $25 million in a Series B funding round led by Keith Rabois of Khosla Ventures. “Challenging the …

New York-based insurance start-up Jetty has raised $25 million in a Series B funding round led by Keith Rabois of Khosla Ventures.

"Challenging the status quo"

“Challenging the status quo”

Rabois (MD) will join the company’s board of directors. Existing investors, including Valar Ventures and Ribbit Capital, alsoed join the round. The investment brings the firm’s total funding to more than $40 million.

The new investment will be used to expand its real estate distribution “footprint”, using its property management partners as its primary channel.

“As growing metropolitan areas struggle to build enough housing supply, no financial services have helped mitigate the impact to consumers,” says Rabois. “Jetty is focused on improving the lease-signing experience by providing a suite of financial services from a security deposit replacement product to a renters insurance product, for both renters and their property managers.”

Jetty’s property management partners include LivCor, Beam Living, Griffis, LeFrak, Lynd, and Rose Associates – together spanning more than 500,000 rental units across the US.

For example, according to Jetty, through these partnerships, its members save on move-in costs with its security deposit replacement product.

Mike Rudoy, CEO and co-founder of Jetty, explains that the start-up is “challenging the status quo by empowering the everyday renter with tools to lower move-in costs, while simultaneously giving property managers a way to streamline operations and mitigate risk”.

Jetty was founded by Rudoy and Luke Cohler – and launched to market in 2017.

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