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…
Global money market funds see big demand as rate cut euphoria fades
(Reuters) – Investors moved hefty amounts into global money market funds in the seven days leading to Jan. 3 as caution set in ahead of key U.S. employment reports which may influence…
AQR ends 2023 with double digit returns thanks to stocks, gas and iron ore – source
By Nell Mackenzie LONDON (Reuters) -Billionaire investor Cliff Asness’s AQR Capital Management finished 2023 with double digit returns in several of its funds, buoyed by stock selection, bonds, European natural gas and…
Opportune time to up duration risk in Indian bonds, says DSP Mutual Fund’s Yadav
By Dharamraj Dhutia MUMBAI (Reuters) – India’s benchmark 10-year bond yield could fall around 50 basis points in 2024, and it is an “opportune” time to increase duration risk, Sandeep Yadav, head…
Investors withdraw $4 billion from hedge funds in November – Nasdaq eVestment
By Nell Mackenzie LONDON (Reuters) – Hedge fund withdrawals slowed in November as customer interest rose to the highest in 2023, data firm Nasdaq eVestment said on Wednesday. Investors removed an estimated…
Foreign funds accelerated China equity sell-off in December -Morgan Stanley
By Summer Zhen HONG KONG (Reuters) – Global long-only funds offloaded China equities at the fastest pace of 2023 in December as they rushed to meet redemption requests and to diversify away…
China money managers rush to create funds tracking new A50 index
SHANGHAI (Reuters) – Chinese money managers are rushing to create funds tracking the newly-launched CSI A50 Index, which analysts say is a better reflection of China’s economic landscape and government priorities than…
US equity funds see big inflows as rate cut bets rise
(Reuters) – U.S. equity funds attracted massive inflows in the week up to Dec. 27, bolstered by expectations of early rate cuts by the Federal Reserve as data showed that inflation cooled…
Global equity funds draw robust inflows on rate cut hopes
(Reuters) – Global equity funds attracted substantial inflows in the week through Dec. 27 as data showed U.S. inflation cooled further in November, cementing expectations that the Federal Reserve would cut interest…
EXCLUSIVE: University With Gender Clinic Funds Study To See If Puberty Blockers Causes ‘Lasting’ Brain Changes For Kids
EXCLUSIVE: University With Gender Clinic Funds Study To See If Puberty Blockers Causes ‘Lasting’ Brain Changes For Kids Megan Brock and Kate Anderson on December 24, 2023 University of Wisconsin-Madison (UW) researchers…
US equity funds see big outflows on profit-taking ahead of inflation report
(Reuters) – U.S. equity funds saw significant outflows in the week ended Dec. 20, as investors took profits ahead of a key U.S. inflation report and as enthusiasm over potential rate cuts…
Global equity funds see significant outflows as investors book year-end profits
(Reuters) – Global equity funds saw significant withdrawals in the week up to Dec. 20 as investor enthusiasm over potential rate cuts waned and profit-taking set in ahead of the year-end holidays.…
Hedge funds seek double-digit returns in 2024 after year of outflows
By Carolina Mandl, Nell Mackenzie and Summer Zhen NEW YORK/LONDON/HONG KONG (Reuters) – A blistering rally in stocks and elevated bond yields are pressuring global hedge funds to boost returns as they…
Hedge funds in hindsight: four graphs that tell the story of 2023
By Nell Mackenzie LONDON (Reuters) – Wild market swings this year caught out many global hedge funds and those trading on macro economic events felt the pain of an unexpected rebound in…
ESG funds suffer weaker demand despite help from tech-sector performance
By Ross Kerber, Tommy Wilkes and Isla Binnie BOSTON/LONDON/NEW YORK (Reuters) – Sustainable funds faced a sharp slowdown in demand globally in 2023 amid political controversy and concerns about “greenwashing,” even as…
Tinton Falls Woman Accused of Stealing Funds from Online Fundraiser
FREEHOLD, NJ – Monmouth County Prosecutor Raymond S. Santiago announced charges against a Tinton Falls woman for allegedly stealing over $15,000 from an online fundraiser. Nicole C. Weidelman, 46, faces a third-degree…
US Securities and Exchange Commission responds to challenge to new rules by private funds
By Chris Prentice (Reuters) – The U.S. Securities and Exchange Commission (SEC) on Friday defended its overhaul of rules for private funds, responding in a court filing to a lawsuit from six…
US equity funds rebound with net inflows amid market rally
(Reuters) – U.S. equity funds attracted net inflows in the week through Dec. 13 amid a rally on Wall Street despite caution ahead of the Federal Reserve’s upcoming monetary policy announcement. Investors…
Investors retreated from global bond funds on caution ahead of Fed decision
(Reuters) – Investors pulled back sharply from global bond funds in the seven days through Dec. 13, amid caution ahead of the U.S. Federal Reserve’s monetary policy decision and uncertainty over the…
Former Idaho Resident Indicted as a “Money Mule” for Laundering Funds from Wire Fraud and Bank Fraud Schemes
BOISE – Andrew Samargis, 69, a former Idaho resident was charged yesterday for conspiring to commit money laundering and operating an unlicensed money transmitting business by collecting money from various wire and…
Maryland Man Sentenced to 41 Months in Prison for Fraudulently Obtaining More Than $2 Million in COVID-19 Relief Funds
NEWARK, N.J. – A Maryland man was sentenced today to 41 months in prison for illegally obtaining more than $2 million in COVID-19 relief funds, U.S. Attorney Philip R. Sellinger announced today. …
Bronx Woman Convicted At Trial For Laundering Over $2 Million In Funds From Victims Of Romance Fraud Schemes
Damian Williams, the United States Attorney for the Southern District of New York, announced today that a jury returned a guilty verdict against NADINE JAZIMNE WADE on all four counts in the…
Crypto, insurance-linked and trend hedge funds most popular – Preqin
By Nell Mackenzie LONDON (Reuters) – Trend-following and niche hedge funds that trade crypto currencies and insurance-linked assets attracted most new investor money in the first three quarters of 2023, according to…
China venture capital, private equity funds rattled by proposed changes
By Samuel Shen and Kane Wu SHANGHAI/HONG KONG (Reuters) -China’s proposal to drastically raise the bar for investing in private equity (PE) and venture capital (VC) funds is facing backlash from industry…
Buyout funds Bain, Cinven mull buying Indra’s Minsait, El Confidencial says
MADRID (Reuters) – Private equity funds Bain Capital and Cinven are considering making an offer for Spanish defence company Indra’s tech unit Minsait, news website El Confidencial reported on Tuesday, citing unidentified…
Hedge funds went on stock-buying spree ahead of job data -Morgan Stanley
By Carolina Mandl NEW YORK (Reuters) – Global hedge funds went on a stock-buying spree just ahead of a U.S. jobs report that drove the S&P 500 and Nasdaq to their highest…
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