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…
Hedge funds have lowest exposure to financials since March 2020 -Goldman
By Nell Mackenzie LONDON (Reuters) – Global hedge funds sold financial stocks for a 10th week running in the week ending Dec. 8 and now have the lowest exposure to the sector…
Investors pile into cash, Japan equity funds see outflows – BofA
LONDON (Reuters) – Cash funds saw a mammoth $93.2 billion of inflows in the week to Wednesday, Bank of America Global Research strategists said in a report, the largest inflow since March…
US equity funds see outflows as investors eye economic data
(Reuters) – U.S. equity funds witnessed outflows for a second straight week in the seven days to Dec. 6 on some investor caution ahead of economic data which could provide more insights…
Global bond funds draw biggest weekly inflow in eight months
(Reuters) – Global bond funds saw significant inflows in the seven days to Dec. 6, amid growing expectations of interest rate cuts in the U.S. and Europe and signs of inflation waning.…
Federal Jury Convicts Former IBEW Local 98 Business Manager John Dougherty and Former Local 98 President Brian Burrows of Conspiracy, Embezzlement of Union Funds, and Tax Fraud
PHILADELPHIA – United States Attorney Jacqueline C. Romero announced that John Dougherty, 63, of Philadelphia, PA and Brian Burrows, 63, of Mount Laurel, NJ, were convicted today by a federal jury of…
Southern Oregon Woman Sentenced for Using Deceased Husband’s Identity to Obtain Federal Student Aid Funds
MEDFORD, Ore.—A Southern Oregon woman was sentenced in federal court Monday for using her deceased husband’s identity to unlawfully obtain more than $36,000 in federal student aid. Cynthia Pickering, 56, of Central…
Hedge funds sold stocks last week, led by financials and staples
NEW YORK (Reuters) – Global hedge funds sold more than bought equities for a third consecutive week last week, dumping shares mainly in consumer staples and financials, a BofA Securities note about…
World Food Programme pauses distribution in north Yemen as funds limited
RIYADH (Reuters) – The World Food Programme (WFP) said on Tuesday it had paused general food distribution in north Yemen due to limited funding and disagreement with local authorities over how to…
Trend hedge funds start holiday season by buying stocks, JPMorgan says
By Nell Mackenzie LONDON (Reuters) – Trend-following hedge funds began December in bullish mood, buying U.S., European and Japan stocks, a prime brokerage note from JPMorgan said. The S&P 500 and Japan’s…
Biden Treasury Unveils Effort To Crack Down On Illicit Funds From ‘Deadly Fentanyl’
Biden Treasury Unveils Effort To Crack Down On Illicit Funds From ‘Deadly Fentanyl’ Harold Hutchison on December 4, 2023 The Treasury Department announced Monday it was forming a “strike force” to combat…
Goldman: Hedge and mutual funds favour banking and healthcare over tech
By Naomi Rovnick and Nell Mackenzie LONDON (Reuters) – Leading hedge funds and mutual funds are betting on gains outside the tech sector in coming months, Goldman Sachs research shows. The ten…
Global hedge funds further offloaded Chinese stocks in Nov
By Summer Zhen HONG KONG (Reuters) – China and broader emerging Asia market stocks were among the most net sold regions by global hedge funds in November, Goldman Sachs said, as fund…
US equity funds see weekly outflows amid profit-taking, economic report caution
(Reuters) – U.S. equity funds witnessed outflows in the week to Nov. 29, as investors booked profits after a strong rally and were cautious ahead of some key economic reports and earnings…
Column-Global pension funds now balking at China: Mike Dolan
By Mike Dolan LONDON (Reuters) – Even allowing for China’s messy cyclical ebb and flow and global political tensions of the day, the exit of long-term foreign capital from the world’s second-biggest…
How hedge funds view the fate of king dollar
By Nell Mackenzie and Carolina Mandl LONDON/NEW YORK (Reuters) – After making hay when a summer bond rout propelled the U.S. dollar to 10-month highs, hedge funds are now pondering what lies…
Hedge funds suffer net $7.6 billion outflows in October – eVestment
By Nell Mackenzie LONDON (Reuters) – Investors pulled a net $7.6 billion from the hedge fund industry in October, particularly from low performing stock pickers as many of these funds failed to…
Hedge funds dump healthcare stocks, buy small caps – BofA
By Carolina Mandl NEW YORK (Reuters) – Hedge funds cut their exposure in equities, mainly in healthcare, while adding a bit of small-cap stocks to their portfolios last week, according to a…
Investors exit clean energy funds as higher interest rates bite
By Bansari Mayur Kamdar (Reuters) – The biggest U.S. ETF tracking clean energy shares was on track for record annual outflows as a rapid rise in interest rates, surging raw materials costs…
Russia’s SPB Exchange clients to get a third of FX funds back after US sanctions
MOSCOW (Reuters) – Russia’s SPB Exchange, which specialises in trading foreign shares, said on Tuesday it would transfer almost a third of clients’ funds held in foreign currency to them in roubles,…
Exclusive-Climate Investment Funds appoints Tariye Gbadegesin as CEO
By Simon Jessop and Valerie Volcovici WASHINGTON (Reuters) – The $11 billion multilateral lender Climate Investment Funds, which works with the World Bank and others to accelerate investment in the developing world,…
Jackson Assemblyman Introduces Bill to Allow Privet Consortiums to Manage Public School Bus Funds
NEW JERSEY — A newly introduced bill aims to establish a nonpublic school consortium transportation program, offering a novel approach to managing transportation for nonpublic school students. The program, designed to be…
China regulator probing private funds over disclosure
SHANGHAI (Reuters) – Chinese private funds including Hangzhou Yuyao and Shenzhen Huisheng are being investigated over suspected false information disclosure, the China Securities Regulatory Commission (CSRC) said on Friday. The CSRC said…
US equity funds see third weekly inflow on rate optimism
(Reuters) – U.S. equity funds continued to accumulate inflows in the week to Nov. 22 as investor sentiment was buoyed by expectations of a pause in U.S. interest rate hikes, with a…
Global equity funds attract inflows on hopes for end to Fed rate rises
(Reuters) – Global equity funds attracted robust inflows in the seven days leading to Nov. 22, spurred by growing expectations that the U.S. Federal Reserve will stop raising interest rates amid signs…
British investment managers get green light for tokenised funds
LONDON (Reuters) – British investment managers have got the go-ahead to develop tokenised funds, in which assets are split into smaller tokens backed by blockchain technology, the industry’s trade body said on…
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