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…
NZ Funds says uranium bet returns over 300% profit
By Nell Mackenzie LONDON (Reuters) – Asset manager NZ funds has made a 300% return on its bet that the price of uranium would benefit from supply shortages arising from growing geopolitical…
Hedge funds ghost tech stocks and sell consumer staples – Goldman Sachs
By Nell Mackenzie LONDON (Reuters) – Global hedge funds ditched technology stocks by selling long positions and exiting short bets at the fastest weekly pace in seven months, Goldman Sachs said on…
Phil Murphy Under Fire For Using Taxpayer Funds for Personal Gain, Again
TRENTON, NJ – Not happy with making New Jersey residents pay for his own bills for a Taylor Swift concert, NFL football games, and soccer matches, New Jersey Governor Phil Murphy is…
Former West Baton Rouge Parish Sheriff’s Employee Sentenced to 10 Months in Federal Prison for Theft of Over $150,000 in Official Funds
BATON ROUGE, LA – United States Attorney Ronald C. Gathe, Jr. announced that U.S. Chief Judge Shelly D. Dick sentenced Mandy Nicole Miller, age 44, of Baton Rouge,…
Factbox-Special funds: how Germany gets round the debt brake
(Reuters) – Germany sees itself as the European defender of solid finances with its debt brake restricting the public deficit to 0.35% of GDP but the euro zone’s largest economy relies on…
Hedge Funds Betting Against Flailing Wind Energy Sector, Bad News for Governor Murphy
TRENTON, NJ – The Orsted wind energy debacle in New Jersey is bad for green energy Governor Phil Murphy, but hedge fund operators are making money on the industry’s failures. A report…
US equity funds draw heavy inflows on expectations for Fed pause
(Reuters) – U.S. investors were big buyers of equity funds in the seven days through Nov. 15, spurred by expectations that the Federal Reserve may pause its interest rate hikes in light…
Global equity funds see surge in inflows on Fed pause hopes
(Reuters) – Global equity funds saw significant inflows in the week ending Nov. 15, buoyed by investor hopes that cooler-than-expected U.S. inflation would prompt the Federal Reserve to pause interest rate hikes.…
Women who led troubled Tacoma bakery pleads guilty to wire fraud in connection with COVID-19 loan funds
Tacoma – A woman who was part owner and CEO of Tacoma Baking Co. pleaded guilty today in U.S. District Court in Tacoma to wire fraud in connection with nearly $350,000 in…
Systematic hedge funds pummeled in post-U.S. CPI stocks rally – Goldman Sachs
By Nell Mackenzie LONDON (Reuters) – Global hedge funds that use algorithms to trade suffered their second worst single day this year on Tuesday, as softer than expected U.S. inflation numbers sparked…
Global watchdog FSB to tackle funds’ liquidity mismatch – Knot
FRANKFURT (Reuters) – The Financial Stability Board, a global risk watchdog, plans to issue new liquidity recommendations for some investments funds after bouts of stress in recent years risked spreading over to…
Investment funds stocking up on US farmland in safe-haven bet
By Leah Douglas (Reuters) – Investment funds have become voracious buyers of U.S. farmland, amassing over a million acres as they seek a hedge against inflation and aim to benefit from the…
Blackstone to raise $400 million to boost credit fund’s lending power – FT
(Reuters) – Blackstone is in the final stages of raising about $400 million for its Blackstone Private Credit Fund (BCRED) to secure additional investment advantage, the Financial Times reported on Thursday. The…
Investors in thematic funds hurt returns by trading too frequently: Morningstar
By Bansari Mayur Kamdar (Reuters) – Investors in thematic funds cut their returns by nearly two-thirds through badly-timed trades, a report by Morningstar Manager Research showed. Funds that tend to focus on…
Hedge funds help fill bond-buying void left by central banks
(Reuters) – Hedge funds are helping to fill a bond-buying gap in European government bond markets left by central banks and playing an important role in boosting liquidity, debt agency chiefs from…
Attorney General Merrick B. Garland Statement on U.S. Funds to International Centre for the Prosecution of the Crime of Aggression Against Ukraine
The Justice Department issued the following statement from Attorney General Merrick B. Garland following today’s announcement by the U.S. Department of State that the United States will provide $1 million to the International Centre…
Hedge funds short US financial stocks at near record levels -Goldman Sachs
By Carolina Mandl NEW YORK (Reuters) – Global hedge funds built bearish positions this week to the highest level in nearly five years, Goldman Sachs said on Friday, without citing the underlying…
Cash funds continuing to attract inflows, set for record year – BofA
LONDON (Reuters) – Global investors continued to pour money into cash funds in the week to Wednesday, as higher yields on short-dated debt put cash funds course for record inflows this year,…
US bond funds rack up biggest weekly inflow in three months
(Reuters) – U.S. investors poured a massive sum into bond funds in the seven days leading to Nov. 8 on hopes of a turnaround in Treasury bond prices following the Federal Reserve’s…
Global equity funds draw massive inflows as rate worries ease
(Reuters) – Global equity funds saw a significant uptick in demand in the week through Nov. 8 as investor sentiment improved following the decision of major central banks to keep policy rates…
Hedge funds pile into US stock rally at fastest pace in 2 years – Goldman Sachs
By Nell Mackenzie LONDON (Reuters) – Hedge funds last week “aggressively” bought U.S. stocks at the fastest pace in two years, said a Goldman Sachs note, with traders jumping into a stock…
Hedge funds caught in crowded trades suffered in Thursday’s stock rally -Goldman Sachs
By Nell Mackenzie LONDON (Reuters) – Global hedge funds using algorithms to trade stocks endured one of their worst days of the year on Thursday, a Goldman Sachs note on Friday showed,…
Investors on track to pour $1.3 trillion into cash funds in 2023 – BofA
By Harry Robertson LONDON (Reuters) – Investors are on track to have put $1.3 trillion into cash funds in 2023, according to Bank of America and data provider EPFR. BoFA’s weekly Flow…
US money market funds draw biggest weekly inflow in seven months
(Reuters) – U.S. money market funds received a big influx of capital in the seven days to Nov. 1, driven by investor caution ahead of the Federal Reserve’s policy decision and the…
Global money market funds attract robust inflows on central bank policy caution
(Reuters) – Investors channelled substantial sums into global money market funds in the week leading to Nov. 1, seeking the safety of these assets ahead of pivotal policy decisions from the world’s…
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