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Foresight News reported, citing Bloomberg, that Christopher Wood, Global Head of Equity Strategy at Jefferies, has removed the entire 10% bitcoin allocation from his model portfolio. Wood believes that the rapid development of quantum computing poses a potential threat to bitcoin’s cryptographic security and its status as a long-term store of value, especially for pension investors seeking long-term stability. The removed 10% allocation has been redistributed to the gold sector, with 5% allocated to physical gold and another 5% to gold mining stocks. Wood pointed out that since its initial allocation in December 2020, bitcoin has risen by 325%, far outpacing gold’s 145% increase over the same period. However, against a backdrop of rising geopolitical risks and emerging technological threats, gold’s long-standing appeal as a historically proven safe haven is increasing.

Jinse Finance reported that Investcorp has invested $20 million in Unifyr through the Investcorp Technology Partners Fund V. Unifyr is a company based in Cary, North Carolina, focused on providing an AI-driven partner ecosystem platform. Unifyr plans to use the funds to accelerate international expansion and advance platform development.

BlockBeats News, January 16: The U.S. authorities have proposed a major reform that may require sovereign wealth funds to pay taxes on their investments in the United States, impacting some of the largest investors in the U.S. private equity industry. The IRS proposed a amendment to the Internal Revenue Code in December last year, intending to revise the relevant provisions for sovereign wealth funds and some public pension funds applying for U.S. tax exemptions. This is the latest move in a series of policy changes under the Trump administration, which have already led sovereign wealth funds to diversify their investment exposure in the United States. In this proposal, the IRS will expand the definition of "business activities" to include some activities that were previously considered as investments. These changes will affect situations where sovereign wealth funds provide loans to companies and make direct equity investments in private companies. Under the new proposal, activities that may result in tax obligations for sovereign wealth funds include making direct loans to companies and playing a role in bond default restructurings. These changes may also impact the so-called "blockers," special purpose vehicles (SPVs) that sovereign wealth funds and pension funds commonly use in joint investment structures to directly invest in portfolio companies alongside private equity firms. (Jinse Finance)