Investcorp, Tages merge absolute return businesses

Rishi Kapoor, co-chief executive officer of Investcorp
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Updated 07 May 2020

Investcorp, Tages merge absolute return businesses

Investcorp, a global provider and manager of alternative investment products, and Tages Group, an European alternative asset management firm, have created a 50/50 joint venture through merging Investcorp’s absolute return investments (Investcorp ARI) business and Tages Capital LLP, the absolute return subsidiary of Tages.

The joint venture, called Investcorp-Tages Limited, leverages Tages Capital’s and Investcorp ARI’s investment expertise and complementary footprints in seeking to create a global absolute return platform with more than $6 billion in revenue-generating assets. Rishi Kapoor, co-chief executive officer of Investcorp, said: “We believe that the joint venture with Tages will be optimally positioned for accelerated growth serving the evolving needs of investors for absolute return investments in the post-COVID landscape, with an expanded geographic footprint, deeper bench of talent and enhanced scale.”

Panfilo Tarantelli, CEO and founding partner of Tages, said: “Tages and Investcorp are ideal partners with long histories of performance generation and cultures of excellence. We are confident that our combined strengths will accelerate our objectives to drive growth.”

Investcorp-Tages Limited will be co-led by existing management, including Lionel Erdely, head and CIO of Investcorp’s ARI business, and Salvatore Cordaro, founding partner and CIO of Tages Capital. 

Erdely said: “Our joint venture will deliver meaningful benefits for our clients. Together, we will be able to offer a broader array of absolute return investment solutions across strategies and markets. As we bring the best of our organizations together, we will remain focused on maintaining the nimble, entrepreneurial approach that has driven our success.”

 


MBRSC opens registration for space science camp

Updated 09 August 2020

MBRSC opens registration for space science camp

The Mohammed Bin Rashid Space Centre (MBRSC) has announced the opening of registration for the Deep Learning Camp for university students, which will be held virtually from Aug. 18 to 20. The Deep Learning Camp is part of the initiatives of the MBRSC to support the UAE’s strategic directions in the science and technology fields, promoting the building of a generation capable of adopting advanced technologies to tackle future challenges.

Through the camp, MBRSC aims to provide the youth with a unique experience to explore space science through theoretical and practical lessons, activities conducted by experts and specialists in the field from the center. The camp is a great opportunity for students interested in the field of space sciences to acquire new skills about remote sensing and satellite analysis.

Yousuf Hamad Al-Shaibani, director general, MBRSC, said: “The Mohammed Bin Rashid Space Centre is keen to make effective contributions that support the UAE’s strategic directions in the science and technology field. Young people can explore the important aspect of space science and modern technologies that are the basis for advanced science in all fields through this camp. The UAE’s ambition to strengthen its leadership in the space sector is clear, as the country is taking prominent initiatives in space technology and enhancing its role in this field. This has acted as a catalyst for younger generations to study such scientific disciplines.”

Saeed Al-Mansoori, head of application development and analysis section, MBRSC, said: “Through these initiatives, we are working to prepare the youth and develop their skills to keep pace with the future of deep learning and artificial intelligence technologies. To keep pace with the developments in the field of space sciences and technology in the region and globally, it has become necessary to possess such important skills and knowledge.”

“This camp is a great opportunity for students interested in space science. The camp includes theoretical and practical activities, including sessions on satellite image analysis, remote sensing and artificial intelligence, and other topics related to enriching young people’s knowledge and attracting them to this field,” added Al-Mansoori.

The Deep Learning Camp is divided into theoretical and practical sessions. The theoretical sessions deal with the definition of the principles of deep learning, its applications and the techniques used therein, with focus on satellite image analysis. The practical sessions will involve learning the applied aspects of deep learning through specialized machine learning applications, including Python programming with Google Colab. The practical session will also engage the participants in a technological challenge through a hackathon, with great prizes awaiting the winners.

During the three-day camp, participants will learn 3 key elements: Principles of deep learning and artificial intelligence, how to use satellite imagery, and the ability to analyze and classify satellite images from a set of satellite image data.