Yola, formally known as synthasite announced $20 million in series B funding from Reinet fund. Yola apparently (according to a moneyweb post) has a big deal with hewlett-packard. This was announced on the 23 December 2010 when apparently no one was around to comment. Am i the only one who is suprised that no information regarding this investment is made on the website or SENS? or is this one of those 'Other' investments listed on their financials?
A better question is : "does anyone have a view on what the overall strategy is regarding exposure to different industries sectors etc?" I can discern no obvious directions - it all seems opportunitistic.
Small change compared to the $150 mil odd that management will pay themselves in peformance fees this year basically on the back of a rising BAT price. After 3 years of operation stll rely on one investment for 80% of their income.For a growth fund, that is rather snail paced stuff. Suggest putting the shares in an envelope and leave for the grand kids.
Oh! and I forgot. In Luxembourg, rules for a growth fund are that no more than 40% (suc) may be held in any one investment. REI have till 2013 to sort this out. Somebody will have to put on some spikes.