Nude beachgoers in New Jersey raise funds for body positivity causes
SANDY HOOK, NJ – Under clear skies and summer heat, visitors to Gunnison Beach shed more than just their clothes on July 12, joining International Skinny Dip Day to raise money for…
‘I didn’t steal funds,’ Sam Bankman-Fried says in unusual post-arrest blog post
By Luc Cohen NEW YORK (Reuters) – Sam Bankman-Fried said he did not steal money and blamed the collapse of his now-bankrupt FTX exchange on a broad crash in cryptocurrency markets, in…
Analysis-Gated UK property funds are open to further risk
By Carolyn Cohn and Elizabeth Howcroft LONDON (Reuters) – UK property funds face further exit requests, asset fire sales and reduced demand from pension schemes after payout restrictions prompted investors to reassess…
Ghana says debt exchange talks with local pension funds continuing
ACCRA (Reuters) – Ghana’s finance ministry on Wednesday said negotiations on the terms of a domestic debt exchange agreement with local pension funds were continuing and that they would be made public…
Coventry Man Charged with Fraudulently Obtaining COVID-19 Relief Funds
Vanessa Roberts Avery, United States Attorney for the District of Connecticut, Jean Pierre Njock, Acting Special Agent in Charge of the New Haven Division of the Federal Bureau of Investigation, and Joleen…
Former Portland Attorney Sentenced to More Than Eight Years in Federal Prison for Embezzling Client Funds
PORTLAND, Ore.—A former Portland attorney was sentenced to federal prison today for defrauding more than one hundred clients out of millions of dollars in insurance proceeds and using the stolen money to…
Hedge funds in 2022 post worst performance since 2018, dragged down by equities -HFR data
By Carolina Mandl NEW YORK (Reuters) – Hedge funds last year posted their worst performance since 2018, mainly dragged down by equities as portfolio managers struggled to place their bets amid market…
Metairie Woman Sentenced for Theft of Social Security Funds and Cares Act Funds
NEW ORLEANS, LOUISIANA – U.S. Attorney Duane A. Evans announced that defendant, RACHEL COONEY, of Metairie, Louisiana, was sentenced on January 5, 2023 for Theft of Government Funds, in violation of Title…
U.S. equity funds record seventh week of outflows
(Reuters) – U.S. equity funds recorded a seventh straight week of outflows in the seven days to Jan. 4 on concerns that the Federal Reserve might continue to hike rates to tame…
Global equity funds post outflows for ninth week in a row
(Reuters) – Global equity funds witnessed net outflows for a ninth straight week in the seven days to Jan. 4 as investors remained cautious ahead of the release of the Federal Reserve’s…
Biggest hedge funds will keep lion’s share of customers in 2023, data shows
By Nell Mackenzie (Reuters) – The top 5% of the world’s hedge fund managers are set to take 80-90% of investor inflows in 2023, according to new research from Agecroft Partners which…
UK equity funds saw record $10 billion outflows in 2022-Calastone
LONDON (Reuters) – Investors sold a record 8.38 billion pounds ($10 billion) worth of UK-focused equity funds last year, shunning Britain as the country braces for the worst recession among major economies,…
Former Wayne County Employee Pleads Guilty To Stealing Over $1.7 Million In County Funds
DETROIT – A former Wayne County Roads Division employee pleaded guilty today to conspiring to steal over $1.7 million in county funds, United States Attorney Dawn N. Ison and Wayne County Prosecutor…
IIFL Finance to raise funds via public issue
MUMBAI (Reuters) – India’s IIFL Finance plans to raise at least 1 billion rupees ($12.10 million) through public issue of non-convertible debentures, according to a product note. The issue, which also has…
Edelweiss Financial Services to raise funds via public issue
MUMBAI (Reuters) – Edelweiss Financial Services plans to raise at least 2 billion rupees ($24.19 million) through the public issue of non-convertible debentures, according to a term sheet. The company’s public issue…
Global equity funds see outflows for an eighth straight week
(Reuters) – Global equity funds posted net outflows for an eighth straight week in the seven days to Dec. 28 as a stronger than expected U.S. GDP reading raised worries that U.S.…
China funds with energy bets stand out in a bleak year
SHANGHAI (Reuters) – Chinese fund managers who made big bets on energy companies are celebrating a year that was brutal for many of their peers. Huang Hai, who manages three funds for…
Hedge funds set to mark worst returns in 14 years
By Patturaja Murugaboopathy and Summer Zhen (Reuters) – Global hedge funds are set to register their worst returns in 14 years in 2022 after aggressive U.S. interest rate rises hit asset prices…
Global equity funds see biggest weekly outflows since March 2020 -Lipper
(Reuters) – Global equity funds have recorded their biggest weekly outflows since March 2020, hit by recession fears as central banks vow to keep interest rates higher to tame inflation. Data from…
Equity funds record largest ever weekly outflows -BofA
By Lucy Raitano LONDON (Reuters) – Investors shed stocks at the highest weekly rate ever in the week to Wednesday, selling a net $41.9 billion of equities, according to a report from…
Analysis-Russian gold removed from some Western funds after Ukraine
By Peter Hobson LONDON (Reuters) – Hidden inside high-security bank vaults in London, Zurich and New York, billions of dollars’ worth of gold of Russian origin has quietly changed hands in recent…
‘F*cking Insanity’: Massive Congressional Spending Bill Says Border Patrol Can’t Spend Funds On Border Security
‘F*cking Insanity’: Massive Congressional Spending Bill Says Border Patrol Can’t Spend Funds On Border Security Jennie Taer on December 20, 2022 The massive congressional spending bill released Tuesday would bar Customs and…
Ukrainian groups to get new UN funds as winter looms
KYIV (Reuters) – Ukrainians shivering under bombs, frost and power outages will soon get more help from a fund that funnels money to volunteers, community groups and civil society organizations, a United…
Two Chinese property developers to raise funds via discounted share sales
HONG KONG (Reuters) – CIFI Holdings on Tuesday became the latest Chinese property developer to raise funds by selling new shares at discounted prices, while Agile Group announced its second such capital…
Former Portland Area Non-Profit Director Pleads Guilty to Stealing Covid Relief Funds
PORTLAND, Ore.—A former Portland area non-profit director pleaded guilty today for stealing more than $320,000 in federal funds intended to help small businesses during the COVID-19 pandemic. Theodore Johnson, 62, a Portland…
ESG funds set for first annual outflows in a decade after bruising year
By Tommy Wilkes and Patturaja Murugaboopathy LONDON (Reuters) – Investors pulled more money from funds marketed as “sustainable” than they added for the first time in more than a decade in 2022,…
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