New Jersey Assembly Advances “Mass Violence Care Fund” Bill
TRENTON, NJ – The New Jersey Assembly Appropriations Committee has reported favorably on Assembly Bill No. 4409, with significant amendments. The bill, dated June 24, 2024, proposes the creation of the “Mass…
DOJ grants fund mental health crisis response teams, and sexual assault awareness training in schools
Seattle – Three locations in Western Washington will receive funding from the U.S. Department of Justice for alternative policing methods and sexual assault education, announced U.S. Attorney Nick Brown. Bellevue, Longview, and…
DOJ grants fund mental health crisis response teams, and sexual assault awareness training in schools
Seattle – Three locations in Western Washington will receive funding from the U.S. Department of Justice for alternative policing methods and sexual assault education, announced U.S. Attorney Nick Brown. Bellevue, Longview, and…
Dem’s New Spending Bill Imposes Methane Tax To Fund ‘Environmental Justice’ Programs
Dem’s New Spending Bill Imposes Methane Tax To Fund ‘Environmental Justice’ Programs Jack McEvoy on July 28, 2022 Senate Democrats agreed Wednesday to the biggest climate spending package in U.S. history, including…
Sustainable fund flows drop sharply, but stay positive in Q2
By Cole Horton (Reuters) – Global sustainable funds saw net new deposits plummet last quarter as concerns about a looming recession weighed on investors, but they held up better than their traditional…
Exclusive-UBS plans to expand China footprint with new mutual fund unit – sources
By Selena Li and Samuel Shen HONG KONG/SHANGHAI – UBS Group AG plans to set up a wholly owned mutual fund business in China, two people with direct knowledge of the matter…
Exclusive-Fifth Wall climate fund aims to decarbonize property industry
By Herbert Lash NEW YORK – Fifth Wall, a Los Angeles-based venture capital firm focused on real estate technology, said on Thursday it has raised $500 million for a climate fund to…
Blackstone draws over $24 billion commitments for latest real estate fund
(Reuters) – Buyout giant Blackstone Inc has secured commitments worth $24.1 billion for its latest real estate fund, according to a regulatory filing on Wednesday. The size of the new fund, called…
Boeing, AE Industrial Partners to launch second venture fund
By David Shepardson and Tim Hepher FARNBOROUGH, England – Boeing Co said on Wednesday it had agreed to invest $50 million in AEI HorizonX, expanding a partnership established with private equity firm…
Russian government OKs investing 50% of rainy-day fund in OFZ bonds
MOSCOW – The Russian government approved investing up to a half of its rainy-day National Wealth Fund (NWF) in Russian state bonds, a decree showed on Friday, months after foreign investors stopped…
Hedge fund Elliott, Jane Street invoke Human Rights in LME nickel lawsuit
By Kirstin Ridley and Pratima Desai LONDON – U.S. hedge fund Elliott Associates and Jane Street Global Trading are invoking the Human Rights Act as they seek to sue the London Metal…
Hedge fund Ides ask Monro to pressure shareholder preventing company sale
By Angelique Chen (Reuters) – Hedge fund Ides Capital on Thursday asked U.S. car service and tire center operator Monro Inc to pressure its controlling shareholder to drop a veto to a…
Emerging market fund Ashmore shares hit 13-yr low as investors pull out cash
LONDON -Shares in emerging markets investment firm Ashmore fell to a 13-year low on Thursday after it reported a much heavier-than-expected $6.6 billion exodus from its funds after a torrid few months…
Investors Will Have Option For Fund Focused On Profits, Not Activism
Investors Will Have Option For Fund Focused On Profits, Not Activism Max Keating on July 13, 2022 Investors might soon have the option to put their money in a new exchange-traded-fund (ETF)…
Baton Rouge Man Sentenced to 41 Months Imprisonment for Embezzling Funds from the New Orleans Firefighters Pension and Relief Fund
NEW ORLEANS, LA – On July 12, 2022, United States District Court Judge Greg Guidry sentenced WAYNE TRICHE, 72, of Baton Rouge, Louisiana, to forty-one (41) months imprisonment, announced U.S. Attorney Duane…
Republicans Demand DOJ Cancel ‘Slush Fund’ Rule That Funneled Cash To Left-Wing Activists
Republicans Demand DOJ Cancel ‘Slush Fund’ Rule That Funneled Cash To Left-Wing Activists Gabe Kaminsky on July 12, 2022 Republican members of Congress are demanding President Joe Biden’s Department of Justice (DOJ)…
KKR’s first asset-based finance fund raises $2.1 billion
(Reuters) – Global Investment firm KKR & Co Inc on Wednesday closed its first asset-backed finance fund with about $2.1 billion from investors who are increasingly turning to collateral-based cash flows with…
Crypto hedge fund Three Arrows’ liquidators get OK to claim U.S. assets
By Dietrich Knauth (Reuters) – Liquidators for crypto hedge fund Three Arrows Capital (3AC) obtained U.S. court permission on Tuesday to issue subpoenas and lay claim to the bankrupt Singapore-based company’s assets,…
THE COLONY GROUP ANNOUNCES PARTNERSHIP WITH THURGOOD MARSHALL COLLEGE FUND SUMMER INTERNSHIP PROGRAM
BOSTON, July 11, 2022 — The Colony Group, an independent, national wealth and business management firm with approximately $19 billion in assets under management, is pleased to announce its partnership with the Thurgood…
Euro zone finance ministers fail again to name new bailout fund head
BRUSSELS – After several months of attempts, euro zone finance ministers failed again on Monday to choose a new head of the bloc’s bailout fund, EU officials said. Ministers need to agree…
Vanguard to pay millions to mutual fund investors hit with big tax bills
By Jonathan Stempel NEW YORK – Vanguard Group, the largest mutual fund company, on Wednesday reached a $6.25 million settlement to resolve regulatory charges it failed to warn many fund investors that…
Taiwan’s largest pension fund hiring managers for $3 billion bond mandate
HONG KONG – Taiwan’s largest pension fund is seeking to hire global asset managers to run a bond portfolio totalling $3 billion. The Bureau of Labour Funds, administering $5.8 trillion ($190 billion)…
China agrees to invest $3 billion in Indonesia sovereign wealth fund
JAKARTA – China’s Silk Road Fund (SRF) has signed an agreement to invest up to 20 billion yuan ($2.99 billion) in Indonesia’s sovereign wealth fund, the funds said on Monday, a deal…
Manulife bids for full control of China fund JV, lured by $3.8 trln mkt -sources
By Selena Li and Samuel Shen HONG KONG/SHANGHAI -Canada’s Manulife Financial Corp moved closer toward taking full control of its funds joint venture in China after regulators there accepted an application for…
Majority Black-owned MaC Venture Capital raises $203 million in second fund
(Reuters) – MaC Venture Capital said on Monday it had raised $203 million in its second fund, nearly doubling the capital the majority Black-owned venture firm raised for its inaugural fund last…
Taiwan pension fund awards $2.3 billion ESG mandate to HSBC, Morgan Stanley, 3 others
By Selena Li HONG KONG – The fund management arms of HSBC and Morgan Stanley were among three others to win a mandate from Taiwan’s largest pension manager to run Asia’s first…
Breaking News
