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…
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 war in Ukraine, German Finance Minister Christian…
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 in Russian companies following Russia’s invasion of…
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 Friday. Slyngstad was chief executive officer of…
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 to a dominant place in finance for…
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, today announced that HSBC Bank USA has…
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 the British company to explore a sale.…
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 intelligently. New Jersey based private equity fund,…
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 wrought by the Russian invasion, a draft…
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 in Spanish road freight operator Primafrio, the…
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 needs, European Council President Charles Michel said…
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 at the border, Public Safety Minister Marco…
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 from activist investor Sachem Head Capital Management,…
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 was betting that extreme price moves in…
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 him, the Wall Street Journal reported 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 RIA news agency reported on Wednesday. Putin…
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 the U.S. government through Sept. 30. (Reporting…
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 Japanese companies struggle to find female directors…
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 towards humanitarian aid to Ukraine, the company…
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 and CIA operative who needed funds to…
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, according to a statement and a spokesperson,…
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 the German insurer’s funds arm, according to…
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 for a fund focused on early-stage projects…
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 sanctions and said it would spend up…
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, as investors placed bets on what the…
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 Brad Lander, his office said. The fund…
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