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…
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 Tuesday. The company has invested in fintechs…
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 buy into a potential stock market listing…
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 shares in Russian companies, a source close…
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 reduction in state borrowing, which has grown…
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 firm looks to ramp up investments in…
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 country’s vaccine mandates and rules. The Great…
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) to fund six projects, including building a…
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 fund Saba Capital of its full voting…
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 already started marketing the fund and may…
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 path for equities in the second half…
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 up on their home mortgage payments. The…
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 local reports. Quintez Brown faces multiple charges,…
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 (WHO) is enhanced, the agency’s head said…
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 player plans to do with his $100,000…
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 to the kingdom’s sovereign wealth fund, the…
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 vehicle charging stations. Congress approved the funding…
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, it told employees in an internal memo…
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 raise money for a new portfolio, according…
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 solar infrastructure investments in OECD countries –…
Activist hedge fund Elliott reveals stake in U.S. utility NiSource
– Activist investor Elliott Management disclosed its stake in NiSource on Friday and said it supported the company’s decision to name a new chief executive officer, sending shares in the utility to…
Norway wealth fund earns second-highest return in 2021
By Victoria Klesty OSLO -Norway’s sovereign wealth fund, the world’s largest, earned a return on investment of 1.58 trillion Norwegian crowns ($177 billion) last year, the second highest on record, with the…
Mass. Secretary of State launches sweep of target-date fund offerings
By Ross Kerber BOSTON -Massachusetts Secretary of State William Galvin on Tuesday said his office will investigate broker-dealers offering target-date funds, concerned about changes that created large tax bills for small-dollar investors.…
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 sentenced today to 102 months in federal…
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 of Congressional Leadership Fund, endorses and provides…
Taylor Energy Company to Pay Over $43 Million and Transfer $432 Million Decommissioning Trust Fund to the United States for Gulf of Mexico Oil Spill
Taylor Energy Company LLC (Taylor Energy), a Louisiana oil and gas company, has agreed to turn over all its remaining assets to the United States upon liquidation to resolve its liability for…
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