U.S. markets closed

Hamilton Lane Announces New Leadership Roles within EMEA

Jim Strang and Richard Hope to Assume Roles of Chairman and Head of EMEA, Respectively

LONDON, Jan. 23, 2020 (GLOBE NEWSWIRE) -- Hamilton Lane (HLNE), a leading private markets asset management firm, today announced new leadership roles in its Europe, Middle East and Africa (EMEA) investment business.

Jim Strang, a Managing Director who currently leads EMEA and oversees the firm’s London office, will assume the newly-created role of Chairman EMEA. In addition, Richard Hope, who is a Managing Director on the firm’s secondary and co-investment teams, will succeed Strang in both positions. The appointments take effect immediately.

“Both Jim and Richard have been with Hamilton Lane for more than eight years, and in that time have demonstrated an ongoing commitment to our organization, to our mission and values, and to broadening our global reach,” said Hamilton Lane CEO Mario Giannini.  “We are confident that their combined leadership and expertise will help to continue our firm’s growth efforts throughout the EMEA region.”

In his new role, Strang will continue to focus mainly on Hamilton Lane’s investment activities across the EMEA region with a focus on primary funds, where the firm oversees approximately $66 billion in discretionary and advisory assets, as of September 30, 2019. He will also continue to support business development and client relationship management efforts, while continuing to serve on the firm’s investment committees.

Before joining Hamilton Lane, Strang was a partner at Dunedin LLP, a UK-based general partner, and prior to that served as a founding team member and head of European Buyouts at Gartmore Private Equity (now Hermes GPE). He currently also serves as a non-executive director at Hg Capital Trust Plc, a publicly-listed investment trust company and member of the FTSE 250 Index, and is a senior advisor to the private equity group at Bain & Co. He is also a teaching fellow in Private Equity at the London Business School.

As the new Head of EMEA, Hope will assume leadership of Hamilton Lane’s London office and will be responsible for driving and executing the firm’s strategy throughout the region. He will combine these new responsibilities with leading the secondary and co-invest presence in EMEA and sitting on Hamilton Lane’s investment committees.

Hope, who joined Hamilton Lane as a member of the Fund Investment Team, was promoted to managing director focused on secondaries and co-investments in 2016. He previously worked as a director at Alliance Trust Equity Partners Ltd., an Edinburgh-based private equity firm.

In addition to these appointments, the firm has recently made a number of other hires to support its growth in the EMEA region, including on the secondary investment team in London and on the business development team in Frankfurt.

About Hamilton Lane
Hamilton Lane (HLNE) is a leading alternative investment management firm providing innovative private markets solutions to sophisticated investors around the world. Dedicated to private markets investing for 28 years, the firm currently employs approximately 390 professionals operating in offices throughout North America, Europe, Asia-Pacific, Latin America and the Middle East. Hamilton Lane has approximately $481 billion in assets under management and supervision, composed of approximately $66 billion in discretionary assets and more than $415 billion in advisory assets, as of September 30, 2019. Hamilton Lane offers a full range of investment products and services that enable clients to participate in the private markets asset class on a global and customized basis. For more information, please visit www.hamiltonlane.com or follow Hamilton Lane on Twitter: @hamilton_lane.

Forward-Looking Statements
Some of the statements in this release may constitute “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, Section 21E of the Securities Exchange Act of 1934 and the Private Securities Litigation Reform Act of 1995. Words such as “will,” “expect,” “believe,” “estimate,” “continue,” “anticipate,” “intend,” “plan” and similar expressions are intended to identify these forward-looking statements. Forward-looking statements discuss management’s current expectations and projections relating to our financial position, results of operations, plans, objectives, future performance and business. All forward-looking statements are subject to known and unknown risks, uncertainties and other important factors that may cause actual results to be materially different. You should evaluate all forward-looking statements in the context of the risks and uncertainties disclosed in Part I, Item 1A of our Annual Report on Form 10-K for the fiscal year ended March 31, 2019 under the heading “Risk Factors” and in our subsequent reports filed from time to time with the Securities and Exchange Commission. The forward-looking statements included in this release are made only as of the date hereof. We undertake no obligation to update or revise any forward-looking statement as a result of new information or future events, except as otherwise required by law.

Media Contact 
Kate McGann
kmcgann@hamiltonlane.com
+1 212 752 7853

Investor Contact 
John Oh
joh@hamiltonlane.com 
+1 610 617 6026

  • Dow Jones Futures Jump; Why This Stock Market Rally Is More Dangerous Than The Coronavirus Market Crash
    Business
    Investor's Business Daily

    Dow Jones Futures Jump; Why This Stock Market Rally Is More Dangerous Than The Coronavirus Market Crash

    Dow Jones futures rose solidly Sunday night, along with S&P 500 futures and Nasdaq futures as new coronavirus cases slowed in the U.S., Europe and worldwide. Technically, it's a coronavirus stock market rally, but Thursday's follow-through day and Friday's retreat didn't offer much confidence. Microsoft, Amazon.com, Nvidia and Advanced Micro Devices have been turned back from their 50-day moving averages.

  • ‘Rich Dad, Poor Dad’ Robert Kiyosaki: Don’t save your money! Spend it on the ‘best buy for future security’
    Business
    MarketWatch

    ‘Rich Dad, Poor Dad’ Robert Kiyosaki: Don’t save your money! Spend it on the ‘best buy for future security’

    Robert Kiyosaki, the best-selling author of “Rich Dad, Poor Dad,” offered this bit of advice to his 1.3 million followers on Twitter (TWTR)for when that cash finally arrives: Yes, instead of stashing away your check, Kiyosaki says load up on bitcoin (BTCUSD) , gold (GC00)and silver (SI00)in the face of the dying dollar (DXY) . Depends on how much you make This has been a theme on Kiyosaki's social channels for awhile and has taken on an added urgency as the coronavirus pandemic continues to weigh heavily on the stock market: And here's a recent episode on his YouTube channel that's racked up more than half a million views: Gold's been a relatively great place to be over the past three months...

  • Bill Ackman Is 'Beginning To Get Optimistic'
    Business
    Benzinga

    Bill Ackman Is 'Beginning To Get Optimistic'

    Less than a month after a polarizing CNBC interview, hedge fund billionaire Bill Ackman is starting to feel differently about the near-term future of the market and the coronavirus (COVID-19) pandemic. "I am beginning to get optimistic," Ackman began in a series of tweet Sunday afternoon. Cases appear to be peaking in NY.

  • Stocks Climb as Deaths Slow; Yen, Treasuries Fall: Markets Wrap
    World
    Bloomberg

    Stocks Climb as Deaths Slow; Yen, Treasuries Fall: Markets Wrap

    Asian stocks advanced with U.S. and European equity futures after the daily reported death tolls in some of the world's coronavirus epicenters dropped on Sunday. Contracts on the S&P 500 Index climbed more than 3% at one point, and Japan's benchmarks were up about 2%, snapping a five-day losing streak even as the country approaches a potential emergency declaration. Shares in Hong Kong were also higher, though to a lesser degree.

  • Ready to buy back into this market? If so, forget about Apple and grab these stocks instead, strategist says
    Business
    MarketWatch

    Ready to buy back into this market? If so, forget about Apple and grab these stocks instead, strategist says

    The market is utterly underestimating how much of a shock the coronavirus is going to be to the economy. And I think for the next 12 months, the U.S. consumer is only going to spend his money or her money on [nondiscretionary] goods. So, within that basket, I think you have to let Apple go.

  • Business
    Barrons.com

    Here Is a List of Companies That Have Suspended Dividends or Stopped Stock Buybacks in April

    After dozens of companies suspended or cut their dividends in recent weeks amid the coronavirus-driven business slowdown, some analysts believe dozens more are vulnerable across a variety of sectors. Take banks: After suspending stock buybacks in mid-March, eight big U.S. financial firms, including (BAC) (ticker: BAC) and (JPM) (JPM), appeared as though they could emerge from the coronavirus crisis with their dividends intact. After European and U.K. banks suspended their dividends on regulators' urging, however, investors began sell U.S. bank shares amid concerns that a similar request could be made by federal regulators.

  • Justin Trudeau Says Canada Won't Retaliate Against U.S. for Banning Exports of N95 Masks
    Politics
    Meredith Videos

    Justin Trudeau Says Canada Won't Retaliate Against U.S. for Banning Exports of N95 Masks

    Prime Minister Justin Trudeau said Saturday that Canada won't bring retaliatory or punitive measures against the United States after the Trump administration announced it would prevent the export of N95 protective masks.

  • 20 technology stocks with low debt to consider owning in a down market
    Business
    MarketWatch

    20 technology stocks with low debt to consider owning in a down market

    a href="https://www.marketwatch.com/investing/stock/ftnt" (FTNT) 2.2% -16% -6% 52% 12/31/2019 Computer Communications IPG Photonics Corp.

  • New changes in law will help those near retirement and others weather coronavirus's financial storm
    Business
    USA TODAY

    New changes in law will help those near retirement and others weather coronavirus's financial storm

    The new coronavirus outbreak and economic measures to contain it could have a significantly negative impact on retirement preparations for millions of Americans. Account balances have been depleted by the stock market collapse. The government has introduced several temporary changes that could help people shore up their finances and manage their retirement accounts more effectively.

  • He nailed the March coronavirus selloff — now he says there’s another 30% to go before the stock market hits bottom
    Business
    MarketWatch

    He nailed the March coronavirus selloff — now he says there’s another 30% to go before the stock market hits bottom

    Hedge-fund manager Dan Niles, in a note cited by Yahoo Finance this week, warned his clients way back in February that he was getting “increasingly worried” investors weren't ready for the impact the spread of the coronavirus could have on the U.S. economy. While the Dow Jones Industrial Average (DJIA)posted its worst first quarter ever, his Satori Fund closed in positive territory.

  • Precious Metals Are About To Reset Like In 2008 – Gold Bugs, Buckle Up!
    Business
    FX Empire

    Precious Metals Are About To Reset Like In 2008 – Gold Bugs, Buckle Up!

    For years, many Gold Bugs (investors who've been advocating buying Gold and Silver at low prices as a hedge against future global economic risks) were shunned as conspiracy theorists and nuts. How could these people believe Gold and Silver were solid investments when the Global equities markets were rallying 5% a year consistently – what could go wrong? Over the past two weeks, I have personally received multiple phone calls and emails from friends and associates asking how these people can suddenly “buy physical metals”.

  • Business
    Financial Times

    Luckin Coffee apologises for alleged fraud

    Luckin Coffee on Sunday apologised and pledged to strengthen controls after an internal investigation found hundreds of millions of dollars of alleged fake sales last year, wiping about 75 per cent off the company's market value. Lu Zhengyao, the company's chairman, said on social media that he was “ashamed” and “accepted all questions and criticisms”, while promising to do his best to recover the losses. Mr Lu backed the start-up in 2017 as it aimed to take on Starbucks in China and remains one of its largest shareholders.

  • Volatility Eases in U.S. Stock Futures, Bouncing After Down Week
    Business
    Bloomberg

    Volatility Eases in U.S. Stock Futures, Bouncing After Down Week

    Using Friday's close and applying its average valuation over the last 50 years of 16.8 times, the S&P 500 is pricing in 2020 profits of about $148 a share, roughly 9% below the level of the previous year, data compiled by Bloomberg show. Complicating the calculus is the extreme dispersion of estimates for individual stocks, nearly the widest ever. Wall Street has almost never disagreed this much about what companies will earn, with many forecasts going stale as researchers refused to hazard guesses.

  • Huawei's founder on US sanctions, 5G leadership and building trust in Europe
    Business
    South China Morning Post

    Huawei's founder on US sanctions, 5G leadership and building trust in Europe

    In a recent interview with the South China Morning Post, the founder Chinese telecoms giant Huawei said he was inspired by the political system and business governance he saw in the United States when he started the company. Ren Zhengfei also spoke about how the world's largest telecommunications equipment supplier, and China's biggest smartphone maker, is dealing with US sanctions.

  • Coronavirus pandemic leading to 'unprecedented' financial pain for U.S. households, survey shows
    Business
    Yahoo Finance

    Coronavirus pandemic leading to 'unprecedented' financial pain for U.S. households, survey shows

    Financial pain for U.S. households triggered by the coronavirus pandemic is starting to show, according to a new survey. The survey, by Freedom Debt Relief, looked at how 2,335 Americans between the ages of 18 and 74 were dealing with their finances between March 25 to 27, which was after the national emergency was declared. “Overall, Americans are reporting rapid and unprecedented levels of change in their financial situations since the COVID-19 pandemic arose in the United States,” Freedom Debt Relief President Sean Fox told Yahoo Finance.

  • Oil skids on oversupply fears, stocks jump on virus slowdown
    World
    Reuters

    Oil skids on oversupply fears, stocks jump on virus slowdown

    Oil prices skidded on Monday after Saudi-Russian negotiations to cut output were delayed, keeping oversupply concerns alive, while stocks jumped as investors were encouraged by a slowdown in coronavirus-related deaths and new cases. In currency markets, sterling fell after British Prime Minister was admitted to hospital following persistent coronavirus symptoms as the pandemic rapidly spreads. Brent crude fell as much as $3 in early Asian trading after Saudi Arabia and Russia postponed a meeting over a potential pact to cut production to Thursday.

  • Boeing reverses course, extends shutdown at its factories 'until further notice'
    Business
    American City Business Journals

    Boeing reverses course, extends shutdown at its factories 'until further notice'

    Within a span of 48 hours, Boeing reversed course on a plan to reopen its factories, saying Sunday it will extend the production halt in the Puget Sound-area and Moses Lake "until further notice." Last week, Washington Gov. Jay Inslee extended the state's stay-at-home order for nonessential workers until May 4, and Sound Transit also halted light rail extension construction work until May 4, as well. The number of COVID-19 cases inside Boeing jumped quickly from one worker on March 9 to more than 100 last week, though it's not clear whether workers were infected at work or through transmission in the larger community.

  • 3 Coronavirus Stocks That Could Lead the Market to Recovery
    Business
    TipRanks

    3 Coronavirus Stocks That Could Lead the Market to Recovery

    Based on a new report from the Labor Department, the U.S. economy saw 701,000 jobs erased in March, much more than economists originally expected as the figure doesn't even include the 10 million unemployment filings that occurred after March 14. In addition, New York Governor Andrew Cuomo announced on Friday that the state had experienced the biggest jump in COVID-19-related deaths the day before, sending the market plummeting even further. According to some Wall Street pros, these new technologies represent a possible inflection point in the war against COVID-19, and could even help drive the stock market's recovery.

  • Business
    Oilprice.com

    The Oil Giant Drowning In Debt

    ExxonMobil saw its credit rating downgraded by Moody's on Thursday from Aaa to Aa1, with a Negative outlook. The oil major's struggles are growing, but they predate the pandemic and the collapse of oil prices. It seems like years ago, but Exxon gave a bullish presentation to investors in early March as part of its annual Investor Day.

  • U.S Mortgage Rates Slide Again, with Purchase Applications also on the Slide
    Business
    FX Empire

    U.S Mortgage Rates Slide Again, with Purchase Applications also on the Slide

    Mortgage rates fell for a 2nd consecutive week in the week ending 2nd April, with the downside attributed to lenders lowering rates as application backlogs slid. Mortgage rates had been on the rise in mid-March due to a surge in demand stemming from a COVID-19 driven slide in mortgage rates. Lenders had had to increase rates to deter applications as backlogs continued to rise and capacity issues hitting processing times.

  • ‘Quiet’ Warren Buffett has three ways to win in this market
    Business
    MarketWatch

    ‘Quiet’ Warren Buffett has three ways to win in this market

    At times like this it must be a relief to have some of your retirement portfolio managed by Warren Buffett. Granted, Buffett and Berkshire Hathaway Vice Chairman Charlie Munger aren't the spring chickens they were during the dot-com crash or the global financial crisis, when they were spry youngsters in their 70s and early 80s. The company press office says Buffett is not planning to speak in public before May.

  • He talked to Trump last week — now this billionaire investor is warning about taking ‘undue risk’ in the market
    Business
    MarketWatch

    He talked to Trump last week — now this billionaire investor is warning about taking ‘undue risk’ in the market

    Cohen also said his $16 billion firm has effectively managed risk so far this year with performance that is “essentially flat” despite the gutting market downturn. The note follows a conference call with President Trump last week that, according to Reuters, focused on the U.S. economy and the Federal Reserve. Dan Loeb of Third Point LLC, Stephen Schwarzman of Blackstone Group, Robert Smith of Vista Equity Partners, Paul Tudor Jones of Tudor Investment Corp and Ken Griffin of Citadel were also reportedly on the call.

  • Co-founder of George Soros’s legendary Quantum Fund warns of the ‘worst bear market of my lifetime’
    Business
    MarketWatch

    Co-founder of George Soros’s legendary Quantum Fund warns of the ‘worst bear market of my lifetime’

    Jim Rogers has been sounding the bear alarm for a while, and now that the market finally seems to be cooperating, the Rogers Holdings chairman is turning up the volume. I expect in the next couple of years we're going to have the worst bear market in my lifetime,” he told Bloomberg in the wake of the worst first-quarter loss in the Dow's history. Why so glum?

  • Oil skids on oversupply fears, stocks jump on virus slowdown
    World
    Reuters

    Oil skids on oversupply fears, stocks jump on virus slowdown

    Oil prices skidded on Monday after Saudi-Russian negotiations to cut output were delayed, keeping oversupply concerns alive, while stocks jumped as investors were encouraged by a slowdown in coronavirus-related deaths and new cases. In currency markets, sterling fell after British Prime Minister was admitted to hospital following persistent coronavirus symptoms as the pandemic rapidly spreads. Brent crude fell as much as $3 in early Asian trading after Saudi Arabia and Russia postponed a meeting over a potential pact to cut production to Thursday.

  • Is NIO Inc. (NIO) A Good Stock To Buy?
    Business
    Insider Monkey

    Is NIO Inc. (NIO) A Good Stock To Buy?

    Citadel Investment Group had $13.8 million invested in the company at the end of the quarter. Donald Sussman's Paloma Partners also initiated a $3.6 million position during the quarter. The other funds with brand new NIO positions are Ryan Tolkin (CIO)'s Schonfeld Strategic Advisors, Matthew Tewksbury's Stevens Capital Management, and Ben Levine, Andrew Manuel and Stefan Renold's LMR Partners.