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…
Louisiana to remove $794 million from BlackRock funds over ESG drive
(Reuters) – Louisiana will pull $794 million out of BlackRock Inc’s funds, state Treasurer John Schroder said on Wednesday, citing the asset management giant’s push to embrace environmental, social and governance (ESG)…
Global bond funds see biggest outflows in two decades
By Patturaja Murugaboopathy and Gaurav Dogra (Reuters) – Global bond funds saw the biggest outflows in two decades in the first three quarters of this year as hefty interest rate increases by…
UK investors pull record $2.7 billion from equity funds in September
By Elizabeth Howcroft LONDON (Reuters) – UK-based investors pulled a record 2.4 billion pounds ($2.74 billion) from equity funds in September, funds network Calastone said on Wednesday. The net outflows make September…
Some UK property funds defer investor withdrawals
By Carolyn Cohn and Elizabeth Howcroft LONDON (Reuters) – Some of Britain’s top open-ended property funds are rolling out new measures to manage investor exit requests, as challenges in meeting redemptions continue…
‘Always check the label’: ESG funds not as green as they seem – study
By Juliette Portala (Reuters) – One in seven funds branded as sustainable has a carbon emissions intensity higher than the average across all investment funds, and no climate-labelled fund has a portfolio…
Hungary passes anti-graft law to avoid loss of EU funds
By Krisztina Than and Gabriela Baczynska BUDAPEST/BRUSSELS (Reuters) -Hungary’s parliament passed the first of a series of anti-corruption bills on Monday as Budapest seeks to avoid a loss of European Union funds…
U.S. bond funds post biggest weekly outflow in three months
(Reuters) – U.S. bond funds witnessed massive outflows in the week to Sept. 28 as investors girded for further rates hikes from the Federal Reserve to control stubborn inflation. Investors withdrew a…
Saudi wealth fund’s Savvy Games Group to invest $37.8 billion
(Reuters) -Saudi Arabia’s Savvy Games Group, owned by sovereign wealth fund PIF, will invest 142 billion riyals ($37.8 billion) in initiatives aimed at making the kingdom a global hub for gaming, state…
Biden OKs disaster funds for Florida amid Hurricane Ian
WASHINGTON (Reuters) – U.S. President Joe Biden approved federal disaster funds for nine Florida counties in the wake of Hurricane Ian, the White House said on Thursday, adding that more areas could…
Former IRS Employee Pleads Guilty to Fraudulently Obtaining $62,300 In CARES Act Funds
CONCORD – Charles Clark, 64, of Merrimack, New Hampshire, pleaded guilty in federal court to making false statements, United States Attorney Jane E. Young announced today.…
Hedge funds mounted bearish UK bets as Truss became PM
By Nell Mackenzie LONDON (Reuters) – In the first half of September bets against sterling posted the biggest two-week rise since 2013, a sign that hedge funds may have ramped up short…
Column – Funds’ pivot hopes get smoked as Fed doubles down: McGeever
By Jamie McGeever ORLANDO, Fla. (Reuters) – Hedge funds went into the Fed’s Sept. 20-21 policy meeting betting on a sign that a dovish pivot is looming onto the horizon. They got…
Hungary submits new anti-graft bills to avoid loss of EU funds
By Krisztina Than BUDAPEST (Reuters) – Hungary’s government submitted a second batch of anti-corruption bills to the country’s parliament on Friday as Budapest ramps up efforts to avoid a loss of vital…
U.S. bond funds see biggest weekly outflow in four weeks
(Reuters) – U.S. bond funds witnessed huge outflows in the week to Sept. 21 as caution over the pace and length of U.S. interest rate increases crept in ahead of the Federal…
Investors dump global bond and equity funds in the week ended Sep.21
(Reuters) – Investors withdrew money from global bond and equity funds in the week ended September 21, with caution creeping in ahead of the U.S. Federal Reserve meeting in which further rate…
Funds flock to Southeast Asian startups as China loses sheen
By Anshuman Daga and Yantoultra Ngui SINGAPORE (Reuters) – Southeast Asian startups are enjoying a boom in fundraising exercises by venture and buyout funds that are chasing bigger returns and turning away…
German minister call for more funds for companies as debt debate intensifies
By Riham Alkousaa and Klaus Lauer BERLIN (Reuters) – The German economy minister on Thursday called for more government funds to support companies as a debate intensifies on whether Berlin should suspend…
U.S. growth funds squeezed by rate hike worries
By Patturaja Murugaboopathy and Gaurav Dogra (Reuters) – U.S. growth funds are experiencing massive outflows this year due to rising interest rates, with the Federal Reserve’s resolve to keep hiking to tame…
Arcadia Man Charged with Securities Fraud for Stealing Client Funds and Concealing His Investment Firm’s Massive Financial Losses
LOS ANGELES – A former San Gabriel Valley resident who ran Los Angeles County-based investment companies and was a frequent guest on financial television news programs was charged today in a…
Moses Lake Resident Pleads Guilty to Fraudulently Obtaining $50,000 in COVID-19 Relief Funds
Spokane, Washington – Vanessa R. Waldref, the United States Attorney for the Eastern District of Washington, announced today that Dondre Charles Jackson, age 29, of Moses Lake, Washington, pled guilty to fraudulently…
Slidell Woman Pleads Guilty to Theft of Government Funds
NEW ORLEANS – United States Attorney Duane A. Evans announced that LINDA REED HILL (“HILL”), age 75, of Slidell, Louisiana, pled guilty today to Theft of Government Funds in violation of Title…
New Orleans Woman Sentenced for Theft of More Than $61,000 In Social Security Funds
NEW ORLEANS, LA – U.S. Attorney Duane A. Evans announced that CATHERINE CAMPBELL WILLIAMS, age 69, of New Orleans, Louisiana, was sentenced after previously pleading guilty to Theft of Government Funds, in…
Bryan man sent to prison for receiving PPP funds while under indictment
HOUSTON – A 46-year-old Texan has been ordered to prison following his conviction of wire fraud, announced U.S. Attorney Jennifer B. Lowery. Keith Anton Johnson pleaded guilty March 10. Today, U.S. District…
Hungary government submits first anti-graft bill to avoid losing EU funds
By Krisztina Than BUDAPEST (Reuters) -Hungary’s government has submitted the first of several anti-corruption bills to parliament on Monday as Budapest scrambles to avoid losing billions of euros in European Union funding.…
U.S. equity funds suffer outflows for a fourth week
(Reuters) – U.S. equity funds recorded net outflows for a fourth straight week in the week to Sept. 14 as a higher-than-expected reading of U.S. inflation raised bets the Federal Reserve will…
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