HYDERABAD: Two people died and three others were injured after members of two rival groups of a community clashed in a village of Adilabad district, police said on Thursday. The incident happened in Gundala village on Wednesday ahead of a festival rally, they said adding the situation is now normal. “Two groups of the same community clashed by attacking each other by pelting stones and hitting with sticks. Two persons died on the spot and three others, who were injured during the clash were admitted to a hospital,” a senior police official said. The clash broke out after a group objected to the use of a sound system by members of another group ahead of a religious procession resulting in hurling of stones, the official said. After getting information about the incident, police rushed to the village but they ran away into the fields and again the members of both the groups hit each other with sticks resulting in spot death of two people, he said. Additional police forces were rushed to the village and pickets were set up and the situation was brought under control and some people have been taken into custody.
Intel ‘Alder Lake’ 12th Gen Core i9, Core i7, and Core i5 CPUs for gaming, workstation and enthusiast desktop PCs have been launched, following several months of teasers and architecture-level disclosures. Six new models have been launched, all of which are unlocked and overclockable. These new CPUs are the first of the ‘Alder Lake’ family, and introduce a mix of heterogenous Performance and Efficiency cores for the first time in consumer X86 PCs. This also marks the advent of DDR5 RAM and the PCIe 5.0 interconnect standard. Intel has not yet announced the availability of 12th Gen CPUs for other segments such as laptops, however the company has said that additional desktop CPU models will follow in early 2022.
New 12th Gen ‘Alder Lake‘ CPUs will have a mix of two different core types, which Intel is calling ‘Performance Hybrid Architecture’. This works in much the same way that ARM-based smartphone processors have been developed for several years now. This single architecture will serve all Intel’s consumer CPU categories, with different mixes of cores types. All 12th Gen Core CPUs will be manufactured on the newly renamed 10m ‘Intel 7’ process.
Prices in the US range from $589 (approximately Rs. 43,380 before taxes) for the top-end Core i9-12900K to $264 (approximately Rs. 19,445 before taxes) for the Core i5-12600KF. Models without graphics capabilities are priced slightly lower than their counterparts with integrated GPUs. These are prices per 1000 units, and might not reflect retail prices. Intel has said it expects robust retail availability despite the global semiconductor shortage, and multiple PC OEMs are also on board to ship pre-built desktops. Official prices in India are yet to be confirmed but some retail listings without prices appeared online as early as last week.
The new ‘Golden Cove’ Performance (P) cores succeed the ‘Willow Cove’ cores in the current ‘Tiger Lake’ architecture, while the ‘Gracemont’ Efficiency (E) core architecture can be considered a descendant of the erstwhile Intel Atom CPU range. Intel’s first hybrid CPU, codenamed ‘Lakefield‘, was launched in 2020 but has been seen in very few actual shipping devices. The 12th Gen desktop Core i9 CPUs announced so far feature 16 cores (8 P + 8 E), while Core i7 models get 12 cores (8 P + 4 E) and Core i5 models have 10 cores (6 P + 4 E).
While P cores are intended to handle high-impact lightly threaded workloads, background tasks and more multi-threaded tasks can be delegated to E cores. Also, P cores continue to benefit from Hyper-Threading, allowing two threads to run simultaneously, but E cores do not, so 12th Gen Core CPUs will have non-linear core/thread counts. To balance workloads and ensure that the optimal tasks are assigned to each type of core, Intel has developed a new dynamic scheduler that it calls Thread Director. This requires Windows 11, and Intel says that performance will not be as optimised on Windows 10 or other operating systems. Thread Director will first favour the P cores, then the E cores, and only once those are saturated will threads be assigned to the Hyper-Threading capacity of the P cores.
Each P core has its own L2 cache, while clusters of four E cores share their L2 caches. These feed in to a common L3 cache, allowing for quick transfers of data and low latency in workloads optimal for each core type. CPUs without the -F suffix will also feature integrated Intel UHD 770 graphics, based on the Xe LP architecture.
The new Z690 platform controller has been introduced, and 12th Gen Core desktop CPUs use a new, larger LGA1700 socket. Platform-level features for this generation include the first use of DDR5 RAM, with official support going up to 128GB (dual-channel) at 4800MT/s wit h XMP 3.0 profiles. DDR4-3200 RAM is also supported, and motherboard manufacturers will decide which standard to go with on each model. Alder Lake CPUs support up to 16 lanes of PCIe 5.0, doubling the bandwidth of PCIe 4.0. New CPU and RAM overclocking controls have also been introduced.
The Core i9-1200K is described as “the world’s best gaming processor” and Intel says it delivers significant gains in gaming as well as content creation workloads compared to the octa-core Core i9-11900K. It can run at up to 5.2GHz. The two different core types run at different Base and Turbo speeds: 2.4-3.9GHz for the E cores and 3.2-5.1GHz for the P cores. Base and peak power ratings are 125W and 241W respectively.
Intel claims 19 percent gen-on-gen performance improvements for the P cores. The Core i9-12900K is said to deliver 50 percent higher multi-threaded performance than the Core i9-11900K at a slightly lower 241W peak power consumption compared to 250W. At the rated 125W stock TDP, performance is up to 30 percent better, while the same level of performance can be achieved within a 65W power limit. When gaming and streaming simultaneously, Intel claims up to 84 percent better frame rates. When exporting edited video while processing RAW images, that figure is said to be 47 percent. Even running these tasks sequentially rather than simultaneously is said to be faster.
The rest of the lineup includes the Core i9-12900KF with nearly identical specifications; as well as the Core i7-12700K, Core i7-12700KF, Core i5-12600K, and Core i5-12600KF. The -F suffix indicates a lack of integrated graphics capabilities, while the -K suffix indicates that these are all unlocked and overclockable models. Lower-end versions of these CPUs should be launched in Q1 next year, potentially as early as CES 2022.
Investments in private companies are saving the year for stock-picking hedge funds.
Prominent managers that invest in both public and private companies in the same funds have seen their portfolio of public investments flail, weighed down by losses from January’s meme-stock rally and a retreat by fast-growing technology stocks. But soaring valuations of private companies and a hot U.S. IPO market have boosted their private wagers. That has helped mask their poor performance in public markets and driven up their overall returns.
Dan Sundheim’s $25 billion D1 Capital Partners, for example, is down 4% in its public bets for the year through September—but up 71% before fees in its private investments, said people familiar with the firm. The S&P 500 had a total return of 15.9% for the period.
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D1 clients opt into share classes that offer varying levels of exposure to private investments. Clients in the share class that can invest up to 15% in private companies have seen gains of about 4.5%, after fees, for the period. The gains stand at 14% and 21% for clients in share classes that can invest up to 35% and 50% in private companies.
Meanwhile, Boston-based Whale Rock Capital Management was down 11.2% for its public investments in a hedge fund that can invest up to a quarter of its clients’ money in private companies, said people familiar with the fund. The performance of the fund’s private wagers shrank the fund’s losses to 3.3% for the year through September.
Hedge funds without private companies in their portfolios have had a rougher time. Palo Alto, Calif.-based Light Street Capital Management, which manages late-stage growth and other funds along with a hedge fund that only invests in public companies, is down 18.6% for the year through September in its hedge fund, said people familiar with the firm. That has brought the fund’s size down to about $1.7 billion. Its growth funds have fared much better, the people said, with Light Street’s first such fund, whose investments include the restaurant-software provider
expected to have an internal rate of return of more than 100%.
The rush into private investing by public-market investors has helped fuel surging valuations for private companies. And as hedge funds, along with mutual funds and sovereign-wealth funds, deploy billions of dollars, they often crowd out venture and growth funds.
Hedge funds made up 27% of the money raised in private rounds this year through June, despite participating in just 4% of the deals, according to a recent report by Goldman Sachs Group Inc.
“These tech companies are growing exponentially, and managers want to capture that huge exponential growth for their clients,” said Susan Webb, founder and investment chief at the New York-based outsourced-investment firm Appomattox Advisory.
The higher-return potential is stark. Private-equity and venture strategies gained an average 14.2% a year in the decade ended in 2020, Goldman said, while hedge funds overall averaged half those annual returns over the period—and were subject to the stresses of regular redemption cycles.
Hybrid funds can offer distinct benefits, said Udi Grofman, global co-head of the private-funds group at Paul, Weiss, Rifkind, Wharton & Garrison LLP. “The beauty of the structure is that it allows the capital of the investors, in between being invested in private investments, to be exposed to public markets,” Mr. Grofman said. Clients typically sit on cash to fund capital calls by venture and private-equity funds.
to extraordinary heights, dealt losses to myriad hedge funds. Whale Rock gained 71% last year, while the D1 share class investing up to 15% of clients’ money in private companies climbed 60%; in January they lost about 11% and 30%, respectively, in just their public investments.
While D1 has almost recouped those losses, Whale Rock and other growth-oriented stock pickers have struggled. Fund managers say sector rotations that have alternately favored growth or value have made it difficult to navigate markets. Long out-of-favor sectors such as energy and financials have been on a tear.
Meanwhile, private markets have continued to be supportive. The U.S. IPO market is flourishing, and companies are continuing to raise more money in private markets than in the past. Hedge funds are contributing to the brisk pace of fundraising. D1 and Tiger Global Management, which manages a series of private-equity funds in addition to a hybrid hedge fund, have participated in private funding rounds this year through September at a pace of more than a deal a week for D1 and more than two deals every three days for Tiger, according to PitchBook Data Inc.
The 44-year-old Mr. Sundheim, who started D1 after several years as chief investment officer at Viking Global Investors, said at a recent capital-introduction conference that he hadn’t expected to get as big in private companies as he has. D1 is invested in 90 private companies, he said.
He said judgment was the only competitive advantage in public markets as private markets offered the additional benefit of firms’ reputations playing a role in gaining access to deals. He said D1 in its earliest investments acted as a resource to management teams so they would be strong references for D1. Mr. Sundheim also said he was confident in his portfolio of public investments over the next three to five years.
India is forming a group bringing together state and private refiners to seek better crude import deals
Private oil refiners are willing to work with state-run peers to bargain collectively for better oil import deals, oil minister Hardeep Singh Puri said on Friday, as the nation looks to cut its import bill.
India is forming a group bringing together state and private refiners to seek better crude import deals, Reuters reported on Monday.
“The outcome of the meeting between private and state-run (refiners on a joint oil procurement plan) was very encouraging,” Puri said in a news conference at the India Energy Forum industry event.
He said the private companies are “enthused” by the plan.
India is the world’s third-largest oil importer and consumer, reliant on imports for about 85 per cent of its crude and buying most of that from Middle East producers.
Private companies including Reliance Industries, operator of the world’s biggest refining complex, and Nayara Energy, partly owned by Russian oil major Rosneft, control about 40 per cent of India’s 5 million barrel per day (bpd) refining capacity.
With local gasoline and gasoil prices rising to record highs in India’s worst power crisis for years, the nation wants to redouble efforts to buy wisely.
The country’s trade deficit last month surged to a record $22.6 billion, its highest in at least 14 years, driven by expensive imports.
India has repeatedly asked the Organization of the Petroleum Exporting Countries (OPEC) and its allies, together known as OPEC+, to boost output to bring down global oil prices.
“Cost of energy should not be allowed to outstrip paying capacity of consumers and this imperative needs to be configured by the consuming countries in planning their production profile for the future,” Puri said.
Up to eight people can play Human: Fall Flat together online, and only two can play it locally, but it’s better to play it locally anyway. The intentionally kludgy controls for the Schmoo-like main dude, and the constant obstacles he faces, create slapstick humor better enjoyed with a friend. Also: You might need a second brain to solve the harder puzzles.
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