Column-Hedge funds go long dollars, curve steepeners before Fed lift-off: McGeever
By Jamie McGeever ORLANDO, Fla. – Hedge funds went into the Fed’s interest rate lift-off wagering on a stronger dollar and steeper U.S. yield curve, …
Funds
Ocean County Mayor Arrested for Misconduct, Theft of Municipal Funds
OCEAN GATE, NJ – Ocean Gate Mayor Paul Kennedy, 66, has been arrested and charged by the Ocean County Prosecutor’s Office after being caught diverting …
U.S. bond funds see money outflows for 10th straight week
– U.S. bond funds posted big outflows in the week to March 16 as another strong reading on U.S. inflation last week locked in expectations …
Global bond funds see outflows for tenth successive week
– Global bond funds saw money outflows for the tenth consecutive week in the week to March 16, as higher U.S. inflation levels evoked expectations …
Bank Teller Sentenced for Embezzling Customer Funds
NEW ORLEANS, LA – U.S. Attorney Duane A. Evans announced that DEMETRIA MYERS SILVIO, age 32, of New Orleans, Louisiana, was sentenced on March 15, …
Former City of Chicago Alderman Sentenced to More Than a Year in Federal Prison for Using Political Funds To Pay Personal Expenses
CHICAGO — Former City of Chicago Alderman RICARDO MUNOZ was sentenced today to 13 months in federal prison for using money from a political fund …
‘Sustainable’ funds are no more green than traditional products, study finds
LONDON – Investment funds that market themselves as sustainable under European rules get similar levels of “green revenues” through the companies they invest in as …
Demand for sustainable funds wanes as Ukraine war puts focus on oil and gas
By Patturaja Murugaboopathy and Simon Jessop LONDON – Demand for sustainable stock funds waned in February as Russia’s invasion of Ukraine hit investor sentiment and …
Former Syracuse Social Security Administration Employee Sentenced for Aggravated Identity Theft and Theft of Funds
SYRACUSE, NEW YORK – Sean Okrzesik, age 34, of Syracuse, was sentenced today to serve 25-months in federal prison on charges of aggravated identity theft and …
Metairie Woman Indicted for Theft of More Than $76,000 In Social Security Funds
NEW ORLEANS, LOUISIANA – U.S. Attorney Duane A. Evans announced that RACHEL COONEY, age 37, of Metairie, Louisiana was indicted on March 11, 2022 for …
Individual Indicted and Arrested for Laundering More Than $360,000 of Unemployment Benefits and Pandemic Unemployment Assistance Funds
SAN JUAN, P.R. – On March 10, 2022, the Federal Grand Jury in the District of Puerto Rico returned an indictment charging Martín Scamaroni-Cintrón with …
Carbon County Woman Charged With Theft Of Government Funds
SCRANTON- The United States Attorney’s Office for the Middle District of Pennsylvania announced that a former Postal contractor, Rachele Ostrowe, age 39, of Jim Thorpe, …
Additional COVID relief funds will not be in U.S. government funding bill -Pelosi
WASHINGTON – The U.S. Congress has stripped additional coronavirus relief funds from its government funding bill, after opposition from some Republican and Democratic lawmakers, House …
Global funds with exposure to Russia faced big outflows in Feb
– Global mutual funds and exchange-traded funds with significant exposure to Russian equities and bonds have seen massive outflows and an erosion in their net …
More than half of U.S. Treasury rent relief funds deployed through January -Adeyemo
By David Lawder WASHINGTON – More than $25 billion from the U.S. Treasury Department’s Emergency Rental Assistance program has been spent or obligated over the …
Georgia man who used COVID relief funds to buy Pokemon card sentenced to prison
DUBLIN, GA: A Laurens County, Georgia man has been sentenced to federal prison after admitting he lied to obtain a COVID-19 disaster relief loan, then …
Amtrak Employee Charged with Cares Act Fraud and Theft of Government Funds
NEW ORLEANS – U.S. Attorney Duane A. Evans announced that STACEY V. SANTEMORE, SR., age 46, formerly of New Orleans but now a resident of …
U.S. money market funds see big inflows as Ukraine conflict intensifies
– U.S. investors were rushing to invest in money market funds as the conflict between Russia and Ukraine intensified, fuelling worries about inflation and economic …
Global equity funds see biggest weekly outflow since mid-Dec
– Global equity funds saw massive outflows in the week to March 2 as investors sought safer havens for their assets amid Russia’s invasion of …
Factbox-The funds that have large Russia exposure
By Davide Barbuscia NEW YORK – Overseas investors in Russia have tens of billions invested in the country’s stocks and bonds, according to Morningstar data. …
Brockton Woman Sentenced for Stealing Veterans Affairs Funds
BOSTON – A Brockton woman was sentenced today in federal court in Boston for stealing veteran affairs benefits. Robin Calef, 62, was sentenced by U.S. …
Fidelity Investments says more than 92% of its funds have no Russian securities
BOSTON – Fidelity Investments on Tuesday said more than 92% of its mutual funds do not have any investment in Russian securities, as of the …
Carlisle Woman Sentenced For Illegal Monetary Transactions Involving Covid-19 Relief Funds
HARRISBURG- The United States Attorney’s Office for the Middle District of Pennsylvania announced that on February 28, 2022, Christina McConnell, age 43, of Carlisle, Pennsylvania, …
Asset managers freeze $3 billion in Russia funds in market turmoil
By Carolyn Cohn and Simon Jessop LONDON -Asset managers including France’s Amundi and BNP Paribas, Britain’s HSBC and Switzerland’s Pictet have frozen Russia-focused equity funds …
Inflation-protected funds see big outflows after feverish 2021
By Patturaja Murugaboopathy – Global inflation-protected bond ETFs have seen huge outflows this year, despite rising inflation levels, as investors prepare for price pressures to …
Exclusive-Connecticut treasurer orders pension funds to divest Russian assets
By Ross Kerber Connecticut Treasurer Shawn Wooden on Tuesday will direct state pension funds to sell Russian assets, one of the most direct steps by …
Red Cross seeks funds for Ukraine aid, access to detainees
GENEVA – Red Cross agencies appealed on Tuesday for 250 million Swiss francs ($273 million) to provide food, water and shelter to millions of people …
California pension leaders differ on Russia divestment
By Ross Kerber BOSTON -Top California pension leaders on Monday offered different takes on whether the state’s big retirement funds should divest from Russian assets …
Multiple investors file to end Allianz lawsuits over funds collapse
FRANKFURT -A number of big investors on Monday filed to end their lawsuits against Allianz after a settlement was reached over their losses in a …
Bristol Woman Arraigned on Federal Fraud, ID Theft, Theft of Federal Funds Charges
PROVIDENCE, R.I. – A Bristol woman was arraigned in federal court today, having been charged by indictment with allegedly perpetrating a scheme to fraudulently collected …
Baltimore To Spend $90 Million In Federal Funds On Hotels For Homeless And Other Homeless Programs
Baltimore plans to spend $90.4 million of federal funds to buy hotels to replace existing homeless shelters and support other homelessness programs, The Baltimore Sun …
World Bank may be able to disburse Ukraine aid funds in days – Malpass
By David Lawder WASHINGTON – World Bank President David Malpass said on Sunday the bank may be able to provide Ukraine with more financial resources …
Waverly Man Convicted for Theft of Government Funds
United States Attorney Jan Sharp announced that James Nieman, 45, of Waverly, Nebraska, was sentenced today in Lincoln by United States District Judge John M. …
Russian cenbank says client funds in sanctioned banks are secure
MOSCOW – Clients’ funds held by Russian banks that were hit with new Western sanctions are secure and are not affected by the sanctions, Deputy …
U.S. investors flee to money market funds amid Ukraine crisis
– U.S. investors purchased money market funds and withdrew cash from higher risk equity funds in the week to Feb. 23, as a rush for …
Investors rush to money market funds in days before Russia’s Ukraine invasion
– Investors rushed for the safety of global money market funds while ditching equities for a second week in the seven days to Feb. 23 …
Factbox-Exposure of international funds to Russian bonds
NEW YORK/LONDON – Russia’s access to global capital markets was likely to be limited by further international sanctions after the country’s forces invaded Ukraine on …
Russian budget has extra $53 billion in free funds, pledges financial stability
MOSCOW – Russian government has over 4.5 trillion roubles ($53 billion) of freely available budget funds and has enough resources to secure macroeconomic stability and …
Federal Special Agent Pleads Guilty To Gambling With Government Funds
LAS VEGAS – An FBI Special Agent pleaded guilty yesterday to misusing government money to gamble at a Las Vegas casino. Scott F. Carpenter (40), …
Fundraising by Chinese private funds dives, slowing economy takes toll
SHANGHAI – Money raised by newly-launched private funds in China plunged 44% in January from a month earlier, latest official data showed, adding to evidence …
Evans City Fiduciary Indicted for Misappropriating Funds from a Disabled Veteran’s Account
PITTSBURGH, PA – A resident of Evans City, Pennsylvania, has been indicted by a federal grand jury in Pittsburgh on a charge of misappropriation by …
Covington Woman Pleads Guilty to Theft of Social Security Funds
NEW ORLEANS – United States Attorney Duane A. Evans announced that HAYDEE ARMAS SANTANA (“SANTANA”), age 58, of Covington, Louisiana, pled guilty on February 17, …
Funds win again with U.S. curve flatteners: McGeever
By Jamie McGeever ORLANDO, Fla. -Another week, another big win for hedge funds betting on a flatter U.S. yield curve. Futures market data for the …
Indictment Charges Former State Rep, 3 Others, with Stealing West Haven’s COVID Relief Funds
Leonard C Boyle, United States Attorney for the District of Connecticut, David Sundberg, Special Agent in Charge of the New Haven Division of the Federal …
Exclusive-Voting delays risk starving Somalia of budget funds, says IMF
By Duncan Miriri NAIROBI – A key IMF-supported programme funding military wages and other essential services in Somalia could expire in May if there are …
Florida woman used COVID-19 relief funds to hire hitman to kill ex-boyfriend
MIAMI, FL – A Miami woman used COVID-19 relief funds from the Paycheck Protection Program to hire a hitman who murdered her ex-boyfriend and injured …
Grosse Pointe Park Man Sentenced for Scheme to Defraud and Steal Funds from Religious Charity
DETROIT – A Grosse Pointe Park resident was sentenced today to one year in prison and six months at a halfway house on wire fraud …
Chicago Attorney Convicted on False Statement and Tax Offenses in Connection With Funds Received From Failed Bank
CHICAGO — A federal jury today convicted a Chicago attorney on false statement and tax offenses in connection with funds he received from the failed …
Regulators probe block trading at Wall Street banks, hedge funds- WSJ
– Federal investigators have launched a probe into block trading at Wall Street hedge funds and banks including Morgan Stanley and Goldman Sachs Group Inc, …
Taliban call on Biden to reverse move to halve frozen Afghan funds
KABUL – The Taliban on Monday warned that it would reconsider its policy towards the United States if President Joe Biden did not reverse his …