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, …
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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 …
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 …
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 …
Hedge fund Citadel to move headquarters to Miami from Chicago
By Svea Herbst-Bayliss BOSTON – Citadel, the $51 billion hedge fund founded by billionaire investor Ken Griffin, is moving its global headquarters to Miami from …
Colombia’s government, Ecopetrol will shore up fuel price fund
BOGOTA – Shareholders of Colombia’s majority state-owned oil company Ecopetrol on Friday approved a plan to shore up the country’s fuel-price stabilization fund (FEPC), as …
Global equity fund outflows rise on fears of inflationary risks
(Reuters) – Global investors withdrew big money out of equity and bond funds in the week ended June 15, on elevated concerns over rising inflation …
ARK’s Cathie Wood keeps focus on deflation as fund slump continues
By David Randall NEW YORK – Slowing global economic growth will soon make deflation – rather than inflation – the greatest driver in financial markets, …
The Joint Chiropractic Wins Big: Zor Award Names Brand 2022 Best Buy; 2022 TOP$CORE FUND™ Honors Commitment to Franchise Financing
SCOTTSDALE, Ariz., June 9, 2022 — The Joint Corp. (NASDAQ: JYNT), the nation’s largest provider of chiropractic care through The Joint Chiropractic® network, has been named …
World Bank to fund $900 million development projects in east Congo
KINSHASA -The World Bank and Congo have signed two funding conventions of$900 million to boost female entrepreneurship and access to water and electricity in the …
H&M, Lululemon back $250 million Fashion Climate Fund to decarbonise supply chain
By Simon Jessop LONDON – Lululemon Athletica Inc and H&M Group are among backers of a $250 million fund aiming to speed up efforts to …
Toshiba director defends board nominees from hedge fund shareholders
By Makiko Yamazaki and Yuki Nitta TOKYO – A Toshiba Corp external director on Tuesday rejected criticism that having two shareholder representatives would skew the …
U.S. Treasury approves first state projects from $10 billion COVID broadband fund
By David Lawder and David Shepardson WASHINGTON – The U.S. Treasury on Tuesday announced the first state awards from a $10 billion COVID-19 aid program …
NEW YORK COMMUNITY BANK TO ELIMINATE NON-SUFFICIENT FUND FEES; TO ROLL OUT EARLY PAY PRODUCT DURING THIRD QUARTER
HICKSVILLE, N.Y., June 6, 2022 — New York Community Bancorp, Inc. (NYSE: NYCB) (the “Company”) the parent holding company of New York Community Bank (the …
‘A Failure’: UN-Supported ‘Climate Fund’ Is On The Brink Of Collapse After Just 7 Months
‘A Failure’: UN-Supported ‘Climate Fund’ Is On The Brink Of Collapse After Just 7 Months Thomas Catenacci on June 1, 2022 A proposed $100 million …
Binance’s venture capital arm raises $500 million fund to invest in Web3, blockchain
(Reuters) – Binance Labs, the venture capital arm of cryptocurrency exchange Binance, said on Wednesday it had raised $500 million for its investment fund focused …
Macquarie Asset Management raises $4.2 billion for Asia-Pacific fund
(Reuters) – Macquarie Asset Management, a part of Australia’s Macquarie Group Ltd, said on Tuesday it had raised $4.2 billion for its third fund dedicated …
Germany to change constitution to enable $110 billion defense fund
BERLIN – Germany has agreed to change its constitution to allow for a credit-based special defense fund of 100 billion euros ($107.35 billion) proposed after …
M&T Bank Expands Community Investment with New $25 Million ‘Amplify Fund’
First significant philanthropic effort by M&T Bank across the former People’s United footprint BUFFALO, N.Y., May 18, 2022 — Following the completion of its merger …
Al Gore’s Generation Investment launches $1.7 billion fund
(Reuters) – An investment group chaired by former U.S. Vice President Al Gore on Wednesday launched a $1.7 billion fund to take minority stakes in …
Biden Wants Taxpayers To Fund Massive Mining Projects — Just Not In The US
Biden Wants Taxpayers To Fund Massive Mining Projects — Just Not In The US Thomas Catenacci on May 16, 2022 The Biden administration asked lawmakers …
Shasta County-Based “Joined Inc.” CEO Pleads Guilty in Retirement Fund Embezzlement Scheme
SACRAMENTO, Calif. — Maurice “Buddy” Shoe, 59, formerly of Palo Cedro, pleaded guilty today to one count of embezzlement from his employees’ retirement funds, U.S. …
CEO Of Private Equity Fund Sentenced To 97 Months For $133 Million Bank And Securities Fraud Scheme
Damian Williams, the United States Attorney for the Southern District of New York, announced that defendant ELLIOT SMERLING was sentenced to 97 months in prison …
Pentagon asks Congress to fund mining projects in Australia, U.K
By Ernest Scheyder (Reuters) – The U.S. Department of Defense has asked Congress to let it fund facilities in the United Kingdom and Australia that …
Tumble in Coinbase pushes Wood’s ARK fund closer to pandemic low
By David Randall NEW YORK – A collapse in cryptocurrency company Coinbase Global Inc pushed star stock picker Cathie Wood’s ARK Innovation ETF down nearly …
BlackRock says it has more than $800 million for new impact fund
By Ross Kerber (Reuters) – Top asset manager BlackRock Inc said on Wednesday it has more than $800 million in commitments for a new impact …
AXA, Unilever to join new 1 billion euro regenerative agriculture fund
ZURICH – Insurer Axa and consumer goods group Unilever plan to invest 100 million euros each into a new 1 billion euro ($1.06 billion) regenerative …
Conservatives Form Anti-Woke Fund To Take On The ‘Ideological Cartel’ Dominating Wall Street
Conservatives Form Anti-Woke Fund To Take On The ‘Ideological Cartel’ Dominating Wall Street Harold Hutchison on May 10, 2022 A group of prominent investors has …
SoftBank seen posting bruising Vision Fund loss on tech sell-off
By Sam Nussey TOKYO – Japan’s SoftBank Group Corp is set to report a bruising loss at its Vision Fund investment unit on Thursday, analysts …
ARK Innovation Fund drops nearly 9% during market selloff
NEW YORK – Star stock picker Cathie Wood’s ARK Innovation fund dropped nearly 9% on Thursday as concerns about rising inflation and slowing growth sent …
Allianz CEO wants to resolve fund debacle soon
FRANKFURT – Allianz wants to resolve investigations into its Structured Alpha investment funds soon, Chief Executive Oliver Baete told shareholders on Wednesday. The demise of …
Norway wealth fund unable to sell Russian stocks now, CEO says
OSLO – Norway’s sovereign wealth fund is currently unable to sell its portfolio of Russian stocks as the market for such assets is not functioning …
Hedge fund Citadel posts gains in April as markets fell
By Svea Herbst-Bayliss BOSTON – Hedge fund Citadel avoided April’s stock market drop and posted gains in its most prominent strategies, easily besting the average …
U.S. pension fund sues Credit Suisse board over losses in Archegos collapse
By Jody Godoy (Reuters) – A Rhode Island pension fund has sued Credit Suisse Group AG former Chairman Urs Rohner and 19 other directors and …
Founders Of Fake “Hedge Fund” Plead Guilty To Federal Charges For Orchestrating A $4 Million Ponzi Scheme
CHARLOTTE, N.C. – The founders of a fake “hedge fund” appeared in court today and pleaded guilty to federal charges for orchestrating a $4 million …
Russia to cover budget deficit with rainy-day fund in 2022, Finance Minister says
(Reuters) – Russia’s National Wealth Fund (NWF), a rainy-day cushion containing oil revenues, will be the main source of financing for a budget deficit seen …
TPG raises $7.3 billion for climate fund in sustainability push
(Reuters) – TPG Inc said on Wednesday it had raised $7.3 billion for its climate fund, as the private equity giant expands its investments in …
Suburban Propane and Historic Tours of America Join Forces to Fund Father Joe’s Villages Therapeutic Childcare Program
On April 25th, representatives from Suburban Propane, Historic Tours of America and Father Joe’s Villages held a donation presentation event at Shelter Island in the …
KKR raises $19 billion for flagship North America private equity fund
By Chibuike Oguh (Reuters) – Buyout firm KKR & Co Inc said on Monday it has raised $19 billion from investors for its latest flagship …
Russia may spend $1.3 billion from wealth fund to recapitalise Aeroflot – Ifax
(Reuters) – Russia is considering spending around 107 billion roubles ($1.34 billion) from its National Wealth Fund (NWF) to recapitalise flagship airline Aeroflot, the Interfax …
Fund Manager Reade Griffith buys stake in Mediaset Espana amid takeover
MADRID – Fund manager Reade Griffith bought a minority stake in Spanish broadcaster Mediaset Espana after its parent company MediaForEurope launched a public takeover offer, …
UBS names new manager for embattled Asia fund
By Xie Yu HONG KONG – UBS Group AG has appointed a new manager to oversee a $2 billion Asian high yield fund, the Swiss …
Indonesia’s wealth fund signs $2.7 billion toll road investment
By Stefanno Sulaiman and Gayatri Suroyo JAKARTA – Indonesia’s sovereign wealth fund on Thursday signed two agreements to invest in toll roads on the islands …
IMF sets up administered account to allow donors to fund Ukraine
WASHINGTON – Ukraine’s finance ministry on Monday welcomed the creation of a special new account set up by the International Monetary Fund to give bilateral …
Colorado CEO and Fund Manager Admits to $11 Million Securities Fraud Scheme
NEWARK, N.J. – A Denver, Colorado, CEO today admitted conducting a securities scheme to fraudulently obtain $11 million from investors through various misrepresentations about fund …
Kinecta Joins the Worldwide Foundation for Credit Unions’ Ukrainian Credit Union Displacement Fund Campaign and Commits up to $50,000
For every $1 Donated, Kinecta will Match $2 up to $50,000. Donations to Address Immediate Humanitarian Needs MANHATTAN BEACH, Calif., April 5, 2022 — Kinecta …
Calabasas Man Allegedly Scammed Investors out of at Least $28 Million They Thought Would Fund Cannabis Vaping Businesses
LOS ANGELES – A former UCLA decathlete who also competed with the Philippines national team was arrested this morning on a federal criminal complaint …
Argentina wants China to fully fund $8.3 billion nuclear plant amid cash shortfall
By Eliana Raszewski LIMA, Argentina – Argentina is pushing China to fully finance a new $8.3 billion nuclear power plant in the country, as the …
Spain’s banking bailout fund FROB surpasses 50% stake in bad bank Sareb
MADRID – Spain’s state rescue fund FROB has increased its stake in the country’s “bad bank” Sareb to more than 50%, in line with a …
Former School Principal Pleads Guilty to Embezzling $175,000 from Fund for Student Activities and Services
WASHINGTON – A former school principal pleaded guilty today to stealing at least $175,000 from an association that raises …