Carrefour launches fund to invest in digital retail startups
PARIS – Carrefour, Europe’s largest food retailer, is joining forces with venture capital firm Daphni to invest in digital retail startups as part of a …
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Exclusive-Ukraine mulls international bonds to fund war defence effort
By Karin Strohecker and Jorgelina do Rosario LONDON – Ukraine, hoping to tap fresh sources of money to fund its defence efforts, is looking at …
Steven Mnuchin’s fund buys major stake in security startup Zimperium for $525 million
By Krystal Hu (Reuters) – Liberty Strategic Capital, a Washington D.C.-based private equity fund founded by former U.S. Treasury Secretary Steven Mnuchin, has acquired a …
Fidelity closes Emerging EMEA fund to new investors after Russia plunge
LONDON – Fidelity International will temporarily close its Emerging Europe, Middle East and Africa Fund to new investors after Russia’s invasion of Ukraine caused Russian …
EU recovery fund could be repurposed over Ukraine – German Finance Minister
BERLIN – The European Union recovery fund set up to help the bloc recover from the COVID-19 pandemic could be repurposed in light of the …
New York state pension fund to divest Russia holdings
By Jonathan Stempel NEW YORK – New York’s public pension fund, one of the largest pension funds in the United States, will divest its holdings …
Deutsche Bank nominates former Norway wealth fund head to supervisory board
FRANKFURT – Deutsche Bank has nominated Yngve Slyngstad, the former head of Norway’s sovereign wealth fund, to its supervisory board, Germany’s largest lender said on …
Fidelity’s Edward C ‘Ned’ Johnson 3d, who built fund giant, dies at 91
By Ross Kerber BOSTON -Edward C. “Ned” Johnson 3d, an American billionaire investor and philanthropist who as chairman of Fidelity Investments propelled the family business …
HSBC and Overhaul Announce Venture Debt Financing to Fund Future Growth and Expansion Globally
AUSTIN, Texas, March 24, 2022 — Overhaul, the industry’s first and only software-based, supply-chain visibility, integrity, and security solution for leading enterprises shipping freight globally, …
Broker TP ICAP shares jump 11% after U.S. hedge fund urges sale
– Shares of the world’s largest inter-dealer broker TP ICAP jumped as much as 11% on Wednesday after U.S. hedge fund Phase 2 Partners asked …
NNG Capital Fund Launches New Impact Opportunity Fund
CLIFTON, N.J., March 23, 2022 — NNG Capital Fund has announced the opening of their new Impact Opportunity Fund to help investors get ahead of inflation …
EU to set up Ukraine post-war reconstruction fund, draft statement says
BRUSSELS – European Union leaders are set to agree this week on an international fund to help finance the reconstruction of Ukraine from the destruction …
Apollo Infrastructure fund buys 49% stake in Spain’s Primafrio
By Andres Gonzalez and Isla Binnie MADRID – Apollo Infrastructure, a unit of investment firm Apollo Global Management Inc, has agreed to buy a stake …
EU proposes to create solidarity fund for Ukraine’s basic needs
AMSTERDAM – The European Union is considering creating a solidarity fund for Ukraine to help provide basic services in the country and meet citizens’ immediate …
Canada launches $190 million fund to tackle gun violence
By Alex Schummer TORONTO – Canada launched a C$250 million ($191 million) fund to curb gun violence, earmarking a significant amount to stop gun smuggling …
Exclusive-US Foods, pressured by hedge fund, eyes board shakeup -sources
By Svea Herbst-Bayliss – US Foods Holding Corp is interviewing potential candidates for its board as the food distributor tries to fend off a challenge …
Barclays’ VXX price jump drives double-digit gains for volatility arbitrage fund
By Saqib Iqbal Ahmed NEW YORK – Days before Thanksgiving, Kris Sidial, a co-founder at volatility arbitrage fund The Ambrus Group, told investors the firm …
Abramovich’s U.S. hedge fund investments frozen- WSJ
– Some U.S. hedge-fund firms that have investments from Russian oligarch Roman Abramovich have been told to freeze his assets after Britain imposed sanctions on …
Putin signs law on using rainy-day fund to buy OFZ bonds, stocks – RIA
– Russia’s President Vladimir Putin has signed a law on using the country’s rainy-day National Wealth Fund to buy OFZ government bonds and stocks, the …
Hoyer says aims to pass bill to fund U.S. govt through Sept. 30 on Wednesday
– U.S. House of Representatives Majority Leader Steny Hoyer said on Tuesday that lawmakers aim to debate and pass on Wednesday the bill to fund …
Activist fund Oasis to sponsor female director training in Japan
TOKYO – Activist fund Oasis Management Co unveiled a month-long initiative on Tuesday to sponsor board-director training courses in Japan for qualified women, as many …
Shell to put profits from Russian oil trade into Ukraine aid fund
By Ron Bousso LONDON – Oil major Royal Dutch Shell will put profits from any Russian oil it purchases into a fund that will go …
Whitefish man sentenced to six years in prison for defrauding Montana investor of $2.3 million in scheme to fund fake CIA rescue missions
MISSOULA — A Whitefish man who admitted to defrauding a Montana investor of $2.3 million by falsely claiming to be a former Force Recon Marine …
Goldman Sachs GQG fund cuts Russian exposure to $222 million
By Davide Barbuscia NEW YORK – Goldman Sachs Asset Management has reduced the Russian exposure in its GQG international equity fund to about $222 million, …
Arkansas teachers settle with Allianz over fund debacle
FRANKFURT – A pension fund for teachers in Arkansas has settled with Allianz and dropped its lawsuit over losses in a multibillion-dollar trading debacle at …
Terraformation targets $100 million for early stage forestry fund
By Simon Jessop LONDON – Terraformation, a forest restoration start-up founded by the former boss of technology company Reddit, is looking to raise $100 million …
Factbox-Is Russia’s National Wealth Fund deep enough to counteract sanctions?
MOSCOW – Russia plans to tap its National Wealth Fund (NWF), a rainy day cushion, after it scrapped its borrowing plan this year amid Western …
Tiny imploding Russia fund draws rush of options bets
By Saqib Iqbal Ahmed NEW YORK – Options on a small, soon-to-be defunct exchange-traded fund tracking Russian stocks drew a rush of trading on Tuesday, …
New York City police fund votes to divest Russian securities
– Trustees of the New York City police pension fund voted on Tuesday to divest Russian company securities, supporting a resolution brought by city Comptroller …
Serena Williams’ new venture fund raises $111 million
– Tennis great Serena Williams raised $111 million for her new early stage venture capital firm Serena Ventures, according to the fund’s blog post on …
Porsche SE weighs selling Volkswagen shares to help fund Porsche IPO-sources
FRANKFURT – Porsche SE is considering cutting its stake in Volkswagen to just above 50% of ordinary shares as one way to generate cash to …
Russia to spend up to $10 billion from rainy-day fund on buying Russian shares, source says
– The Russian government has ordered the finance ministry to channel up to 1 trillion roubles ($10.3 billion) from the National Wealth Fund to buy …
Russia to tap rainy-day fund as sanctions hit borrowing abilities
By Darya Korsunskaya and Andrey Ostroukh MOSCOW – Russia will use money from its rainy-day fund this year to replace shortfalls caused by a forced …
Insight Partners raises $20 billion for twelfth flagship fund
– Insight Partners said on Thursday it has raised $20 billion for its twelfth flagship fund as the New York-based private equity and venture capital …
Trucker PAC Launches Fund To Support Protests Against US COVID-19 Restrictions
A political action committee is funding a series of trucker protests against COVD-19 restrictions in the U.S., mirroring efforts by Canadian truckers to lift the …
Apple supplier Luxshare plans share issue to fund new production lines
BEIJING – Luxshare Precision Industry Co Ltd, an Apple Inc supplier, said on Monday it aims to raise up to 13.5 billion yuan ($2.13 billion) …
U.S. judge rules for Saba Capital in closed-end fund voting litigation
By Svea Herbst-Bayliss BOSTON -A U.S. federal judge ruled that Nuveen and trustees of its closed-end funds violated the Investment Company Act by stripping hedge …
Brookfield to target $25 billion for largest infrastructure fund – Bloomberg News
– Canada’s Brookfield Asset Management Inc is looking to raise $25 billion for its fifth flagship infrastructure fund, Bloomberg News reported on Friday. Brookfield has …
Fund managers predict volatile first half for risk assets
By Divya Chowdhury MUMBAI – Uncertainty over the pace of monetary policy will mean a volatile first half for risk assets followed by an upward …
New Jersey releasing $10 million in American Rescue Plans fund to assist residents facing foreclosure
TRENTON, NJ – The nearly year-long business shutdown in New Jersey in 2020 is starting to create long-term problems, especially with those struggling to catch …
Accused Louisville Attempted Shooter Released From Jail With Help Of BLM Bail Fund
A local chapter of Black Lives Matter posted bail Wednesday for a left-wing activist accused of attempting to shoot a mayoral candidate, according to multiple …
WHO calls for strengthened role as U.S. proposes new pandemic fund
By Kate Lamb and Stanley Widianto JAKARTA – Efforts to strengthen global health security will only succeed if the role of the World Health Organization …
Bel Air Homebuyer Claims $100K Prize to Fund House Renovation with scratch-off
BEL AIR, MARYLAND – Moving into a new house can reveal the need for repairs and renovations, which is just what a Bel Air scratch-off …
Saudi Arabia transfers Aramco shares worth $80 billion to state fund
By Hadeel Al Sayegh and Moataz Mohamed DUBAI -Saudi Arabia’s Crown Prince Mohammed bin Salman has transferred 4% of Saudi Aramco shares worth $80 billion …
U.S. unveils $5 billion plan to fund EV charging network
By David Shepardson WASHINGTON -The Biden administration on Thursday unveiled its plan to award nearly $5 billion over five years to build thousands of electric …
GAM returns full value of Greensill-linked fund to clients – memo
ZURICH – Swiss asset manager GAM Holding has returned the full value and more of a fund linked to shuttered supply chain finance firm Greensill, …
Melvin Capital’s Plotkin eyes new cash after year of double-digit losses
By Svea Herbst-Bayliss -Melvin Capital, the hedge fund that lost nearly $7 billion early last year by betting stocks like GameStop would tumble, wants to …
NextEnergy Capital raises record $896 million for solar infrastructure fund
By Simon Jessop LONDON – NextEnergy Capital said on Monday it had raised a record $896 million for its NextPower III ESG fund, focused on …
Virginia Man Sentenced for Conspiring to Defraud CARES Act Unemployment Fund
ABINGDON, Va. – A Pound, Virginia man, who admitted to conspiring with others to defraud the government of nearly $500,000 in pandemic-related unemployment benefits, was …
Tom Kean, Jr. named Congressional Leadership Fund “Trailblazer” to help Republicans retake Congress in 2022 midterms
WASHINGTON — Congressional Leadership Fund announced the first slate of candidates to earn the endorsement of its Trailblazers Fund. Trailblazers, the recently formed hard dollar arm …