First Principles Partners is an equity research analyst specializing in technology, innovation, and sustainability investment. My unique approach, "First Principles," involves breaking down complex problems to their most basic elements in terms of financial and technology, enabling me to uncover overlooked investment opportunities.With a strong background in investment, private equity and venture capital, I have a proven track record of delivering strong returns for readers. Articles on Seeking Alpha focus ...

Core Insights - Rocket Lab Corporation (NASDAQ: RKLB) has experienced a stock price increase of over 31% since a bullish article was published, outperforming the S&P 500's 5.55% gain [1] Group 1: Company Performance - The stock's significant rise is attributed to Rocket Lab's rapid launch cadence and strategic acquisitions [1] Group 2: Analyst Background - The analyst specializes in technology, innovation, and sustainability investment, employing a "First Principles" approach to identify overlooked investment opportunities [1] - The analyst has a strong background in investment, private equity, and venture capital, with a proven track record of delivering strong returns [1]

Core Insights - First Principles Partners specializes in equity research focused on technology, innovation, and sustainability investment, utilizing a unique approach that breaks down complex problems to their basic elements [1] Group 1: Company Overview - The company has a strong background in investment, private equity, and venture capital, demonstrating a proven track record of delivering strong returns [1] - Articles produced by the company emphasize emerging technologies, sustainable investing, and the intersection of innovation and finance [1] Group 2: Investment Philosophy - The "First Principles" approach allows the company to uncover overlooked investment opportunities by simplifying complex financial and technological issues [1] - The company is committed to sharing insights with a wider audience and learning from fellow investors to drive positive change [1]

Sustainable Finance Focus - Fidelity 的可持续投资策略主管 Gabriel Wilson-Otto 将在 SustainableBizSummit Singapore 上探讨亚洲是否能在全球可持续金融竞赛中胜出 [1] Event Details - 该会议将于新加坡时间上午 10:25 举行 [1]

Core Insights - First Principles Partners specializes in equity research focused on technology, innovation, and sustainability investment, utilizing a unique approach that breaks down complex problems to their basic elements [1] Group 1: Company Overview - First Principles Partners has a strong background in investment, private equity, and venture capital, demonstrating a proven track record of delivering strong returns [1] - The company emphasizes emerging technologies and sustainable investing, highlighting the intersection of innovation and finance [1] Group 2: Investment Philosophy - The "First Principles" approach allows the company to uncover overlooked investment opportunities by simplifying complex financial and technological issues [1] - The company is committed to sharing insights with a wider audience and learning from fellow investors to drive positive change [1]

Investment Rating - The report indicates a positive outlook for asset owners in the Asia Pacific region regarding sustainability investments, suggesting a favorable investment rating for the sector. Core Insights - Asset owners in Asia are continuing to allocate significant funds towards sustainability, with at least US $5.4 billion announced since 2024 [2][14]. - The report highlights that Asia's role in global sustainability investments is underappreciated, estimating that only 10% of global assets are allocated to Asia sustainability, which is considered conservative [3][21]. - A survey reveals that 80% of asset owners in the Asia Pacific expect assets under management (AUM) in sustainable funds to grow over the next two years, indicating strong confidence in the sector [4][34]. Summary by Sections Asset Allocations - Several asset owners in Asia have publicly announced sustainability mandates, focusing on climate change and incorporating ESG factors into their investment processes [14][15]. - Notable asset owners like the Government Pension Investment Fund (GPIF) of Japan and the Hong Kong Monetary Authority (HKMA) have updated their policies to promote ESG integration [15][18]. Market Positioning - The report argues that the current allocation of 10% to Asia sustainability is too conservative when compared to Asia's share of global GDP (47%), population (56%), and GHG emissions (60%) [24][25][28]. - The report cites that APAC sustainability funds represent only 3% of global sustainability funds, contrasting with the broader definition used by the Global Sustainable Investment Alliance (GSIA), which reports 18% [26][29]. Growth Expectations - The Morgan Stanley Institute for Sustainable Investing survey indicates that 82% of APAC institutional investors expect AUM in sustainable funds to increase, with growth opportunities being the primary driver [34][36]. - Concerns regarding data availability and unrealistic expectations about sustainability outcomes are noted, with 67% of APAC institutional investors having net-zero targets [37][38]. Focus List Performance - The Asia Sustainability Focus List has shown a total return of 24.5% since inception, outperforming the MSCI AC Asia Pacific Index [61]. - The report includes specific companies and their performance metrics, indicating a strong interest in sectors related to energy transition and circular economy [60][62].

Group 1 - The article discusses the investment strategy of a boutique family office fund led by Amrita, focusing on sustainable, growth-driven companies that aim to maximize shareholder equity [1] - Amrita has a background in high-growth supply-chain start-ups and has experience working with venture capital firms, which has contributed to her ability to maximize returns for clients [1] - The newsletter "The Pragmatic Optimist," co-founded by Amrita, emphasizes democratizing financial literacy and simplifying complex macroeconomic concepts for better understanding [1] Group 2 - The article mentions a previous "hold" rating on e.l.f. Beauty (ELF), indicating that the management faces several challenges in the short term [1]

Core Viewpoint - IREN Limited is expected to see improved efficiency in bitcoin mining, with a decrease in energy consumption from 16 J/TH in Q3 2024 to 15 J/TH in Q3 2025, which is viewed as a significant positive development for the company [1]. Group 1 - The company is positioned favorably due to advancements in mining efficiency, which could enhance profitability and competitiveness in the market [1]. - The analyst emphasizes a unique investment approach called "First Principles," focusing on breaking down complex financial and technological problems to identify overlooked investment opportunities [1]. - The analyst has a strong background in investment, private equity, and venture capital, indicating a solid foundation for delivering insights and potential returns [1].

Group 1 - The company is projected to achieve a growth outlook of between $450 billion and $455 billion for FY2025, indicating a strong performance despite anticipated federal Medicaid budget cuts [1] - The diversified model of the company is a key driver for its bullish outlook [1] Group 2 - The analyst emphasizes a unique approach called "First Principles," which focuses on breaking down complex problems to uncover overlooked investment opportunities [1] - The analyst has a strong background in investment, private equity, and venture capital, contributing to a proven track record of delivering strong returns [1]

BlackRock's Strategic Ambition - BlackRock aims to double its operating income from $8 billion to approximately $15 billion and market capitalization from approximately $140 billion to $280 billion by 2030[21] - The company targets organic base fee growth of ≥5% and an operating margin, as adjusted, of ≥45% through the cycle[17, 21] - BlackRock targets $400 billion of cumulative fundraising in private markets from 2025 to 2030[29, 30, 31] iShares Growth and ETF Market - The ETF industry is projected to grow to $27 trillion by 2030[132, 133] - iShares achieved $431 billion in LTM (Last Twelve Months) net new business in 1Q25, representing 11% organic asset growth[129] - iShares' ETF AUM (Assets Under Management) stands at $43 trillion[129] Liquid Active Strategies - BlackRock's liquid active strategies have $36 trillion in AUM[207] - Liquid active strategies generated $215 billion in LTM net new business in 1Q25, reflecting 7% organic asset growth[208] Systematic Investing - BlackRock Systematic has $317 billion in AUM across equities, fixed income, and alternatives[245, 247] - The Systematic strategies generated $115 billion in alpha from January 2020 to March 2025[245] Fixed Income - BlackRock's fixed income AUM is $30 trillion, including $931 billion in cash management and $206 billion in private credit client assets[265] - Fixed income strategies achieved $160 billion in LTM net new business in 1Q25, with 6% organic asset growth[265] International Platform - BlackRock's non-US AUM is $44 trillion[405] - The international platform generated $331 billion in LTM net new business in 1Q25, representing 8% organic asset growth[405]