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Funds

Oroho Calls for Murphy Administration to Dedicate Pandemic Relief Funds to Prevent $1 Billion Payroll Tax Increase

April 28, 2023
Sen. Steven Oroho called for the Murphy administration to dedicate pandemic relief funds to the Unemployment Insurance Fund to prevent $1 billion of cumulative payroll tax increases on New Jersey employers.

Mo Hill using taxpayer funds to boost political campaign, Toms River councilman claims

April 27, 2023
Mo hill using taxpayer funds to boost political campaign, toms river councilman claims - photo licensed by shore news network.

TOMS RIVER, NJ – When it comes to public relations, there’s no denying that Toms River Mayor Maurice Hill has the biggest annual PR budget …

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Venture capital firm Greycroft raises nearly $1 billion across two funds

April 26, 2023

(Reuters) -Venture capital firm Greycroft has raised over $980 million across two funds to invest in early- and growth-stage companies, the venture capital firm said …

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California DA Opens Investigation Into School District’s Use Of COVID-19 Relief Funds

April 25, 2023
California da opens investigation into school district’s use of covid-19 relief funds - photo licensed by shore news network.

California DA Opens Investigation Into School District’s Use Of COVID-19 Relief Funds Reagan Reese on April 25, 2023 A California district attorney launched an investigation …

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Banks Launch Fewest ‘Green’ Funds In Three Years

April 25, 2023
Banks launch fewest ‘green’ funds in three years - photo licensed by shore news network.

Banks Launch Fewest ‘Green’ Funds In Three Years John Hugh DeMastri on April 25, 2023 Launches of new funds focused on environmental, social and corporate …

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Lake Success Attorney Arraigned for Allegedly Stealing Client’s Insurance Settlement Funds

April 23, 2023
Handcuffs used during police arrest.

MINEOLA, NY – Sean O’Leary, 64, a Lake Success attorney, was arraigned Wednesday before Judge Norman Sammut on one count of Grand Larceny in the …

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Swing State Dems Approve $175 Million In Taxpayer Funds To Chinese-Owned Company, And Residents Aren’t Happy

April 21, 2023April 21, 2023
Swing state dems approve $175 million in taxpayer funds to chinese-owned company, and residents aren’t happy - photo licensed by shore news network.

Swing State Dems Approve $175 Million In Taxpayer Funds To Chinese-Owned Company, And Residents Aren’t Happy Jason Cohen on April 21, 2023 Michigan Democratic lawmakers …

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Recession-wary investors pour $9.1 billion into hedge funds in first quarter

April 21, 2023
Recession-wary investors pour $9. 1 billion into hedge funds in first quarter - photo licensed by shore news network.

By Svea Herbst-Bayliss BOSTON (Reuters) – Hedge funds pulled in $9.1 billion in new money during the first three months of 2023, data showed on …

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Rate hike worries drive US bond funds first outflow in three weeks

April 21, 2023
Rate hike worries drive us bond funds first outflow in three weeks - photo licensed by shore news network.

(Reuters) – U.S. bond funds suffered big outflows in the week to April 19 on expectations that the Federal Reserve would continue to hike interest …

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Investors turn net sellers of global equity funds on recession fears

April 21, 2023
Investors turn net sellers of global equity funds on recession fears - photo licensed by shore news network.

(Reuters) – Rising concerns of a recession following weaker economic data and expectations the Fed will keep hiking rates to tame inflation led to outflows …

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China sees more state-sector funds launched after policy drive

April 21, 2023
China sees more state-sector funds launched after policy drive - photo licensed by shore news network.

By Jason Xue and Summer Zhen SHANGHAI/HONG KONG (Reuters) – Chinese asset managers are rushing to launch funds to woo investors into state-owned firms, whose …

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China funds flock to Hong Kong to sate mainland investors

April 20, 2023
China funds flock to hong kong to sate mainland investors - photo licensed by shore news network.

By Summer Zhen HONG KONG (Reuters) – Large China-based fund managers are setting up shop in Hong Kong for the first time, seeking to fill …

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New York City congresswoman concealed thousands in campaign funds, complaint alledges

April 18, 2023
New york city congresswoman concealed thousands in campaign funds, complaint alledges - photo licensed by shore news network.

NEW YORK, NY – Democratic New York Rep. Alexandria Ocasio-Cortez concealed thousands of dollars in campaign funds, an ethics complaint exclusively obtained by the Daily …

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Phil Murphy pushes 2035 gas car ban with $35 million in public funds to help New Jersey switch now

April 18, 2023
Phil murphy pushes 2035 gas car ban with $35 million in public funds to help new jersey switch now - photo licensed by shore news network.

TRENTON, NJ – New Jersey Governor Phil Murphy is pushing hard to meet the goals set for his 2035 gasoline-powered car ban by pushing for …

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Children’s Hospital reportedly spent $176k in taxpayer funds to train staff on gender training

April 16, 2023
Children's hospital reportedly spent $176k in taxpayer funds to train staff on gender training - photo licensed by shore news network.

Reagan Reese and Megan Brock PHILADELPHIA, PA – A Pennsylvania gender clinic that gives puberty blockers to kids as young as 8 years old used …

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U.S. money market funds draw inflows for fifth straight week

April 14, 2023
U. S. Money market funds draw inflows for fifth straight week - photo licensed by shore news network.

(Reuters) – U.S. money market funds received inflows for a fifth straight week after recent data pointed to a still-strong labor market, bolstering bets for …

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Investors put $538 billion into cash funds over eight weeks – BofA

April 14, 2023
Investors put $538 billion into cash funds over eight weeks - bofa - photo licensed by shore news network.

By Harry Robertson LONDON (Reuters) – Investors have moved $538 billion into cash funds over the past eight weeks as they pulled money out of …

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Global money market funds see huge demand for a seventh straight week

April 14, 2023
Global money market funds see huge demand for a seventh straight week - photo licensed by shore news network.

(Reuters) – Global investors were big buyers in money market funds for a seventh straight period in the week to April 12 after a strong …

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China’s PBOC set to inject fresh funds via medium-term policy loans -survey

April 14, 2023
China's pboc set to inject fresh funds via medium-term policy loans -survey - photo licensed by shore news network.

SHANGHAI (Reuters) – China’s central bank is expected to inject more liquidity when rolling over maturing medium-term policy loans for a fifth straight month on …

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Oroho & O’Scanlon Respond to State Auditor Report Showing Murphy Administration’s Failure to Use Billions in Federal Pandemic Relief Funds

April 14, 2023
Sen. Steven Oroho and Sen. Declan O’Scanlon responded to a State Auditor report that shows that more than $5 billion in pandemic relief funds remains unspent by the Murphy administration nearly two years after it was received.

Hedge funds bought financial stocks amid banking turmoil, says S&P

April 13, 2023
Hedge funds bought financial stocks amid banking turmoil, says s&p - photo licensed by shore news network.

By Carolina Mandl NEW YORK (Reuters) – Hedge funds increased their exposure to stocks in the financial sector amid the banking turmoil in March, as …

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Exclusive-Kenya expects $1.2 billion Q2 financing boost, seeks fresh IMF funds

April 12, 2023
Exclusive-kenya expects $1. 2 billion q2 financing boost, seeks fresh imf funds - photo licensed by shore news network.

By Jorgelina do Rosario and Joe Bavier WASHINGTON (Reuters) – Kenya expects at least $1.2 billion in financing inflows between April and May and is …

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Governor Murphy launches transgender website using part of $40 million American Rescue Plan funding

April 12, 2023April 12, 2023
Governor murphy launches transgender website using part of $40 million american rescue plan funding - photo licensed by shore news network.

TOMS RIVER, NJ – Ocean County lawmakers are upset after Governor Phil Murphy continues to cut funding to schoolchildren but allocated a large amount of …

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Explainer-Why European money market funds inflows are lagging behind the U.S. torrent?

April 11, 2023
Explainer-why european money market funds inflows are lagging behind the u. S. Torrent? - photo licensed by shore news network.

By Harry Robertson LONDON (Reuters) – Investors poured $367 billion into U.S. money market funds in March, according to data provider EPFR, as the collapse …

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Global money market funds witness inflows for sixth straight week

April 10, 2023
Global money market funds witness inflows for sixth straight week - photo licensed by shore news network.

(Reuters) – Global money market funds continued to attract strong inflows in cautious trade in the week ended April 5 as a raft of economic …

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US dividend funds see biggest quarterly outflows in 2-1/2 years

April 6, 2023
Us dividend funds see biggest quarterly outflows in 2-1/2 years - photo licensed by shore news network.

By Patturaja Murugaboopathy and Chuck Mikolajczak (Reuters) – U.S. dividend funds have faced steep outflows this year after strong inflows last year as investors rush …

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Georgia Woman Charged with Theft for Taking Funds from Point Pleasant Law Office

April 6, 2023
Handcuffs used during police arrest.

TOMS RIVER, NJ – Ocean County Prosecutor Bradley D. Billhimer and Point Pleasant Borough Police Chief Adam Picca announced that last Thursday, Donna Frustieri, 55, …

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Banking turmoil dampens shine of ESG funds at end of strong Q1

April 6, 2023
Banking turmoil dampens shine of esg funds at end of strong q1 - photo licensed by shore news network.

By Tommy Wilkes and Patturaja Murugaboopathy LONDON (Reuters) – Investment funds with environmental, social and governance (ESG) goals appear to be back in vogue in …

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Roller coaster March puts macro hedge funds in red, others post small gains

April 5, 2023
Roller coaster march puts macro hedge funds in red, others post small gains - photo licensed by shore news network.

By Carolina Mandl and Svea Herbst-Bayliss NEW YORK (Reuters) -Big market swings in March sparked by a banking crisis hurt some hedge fund returns with …

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Ocean County Legislators Blast Murphy’s Funding of Transgender Website with Pandemic Relief Funds

April 5, 2023
Ocean County lawmakers questioned Gov. Phil Murphy’s use of pandemic relief funds to develop a ‘Transgender Information Hub’ website while other critical needs that could have been funded have been ignored.

West African countries struggle to raise funds from regional debt market

April 5, 2023
West african countries struggle to raise funds from regional debt market - photo licensed by shore news network.

By Loucoumane Coulibaly ABIDJAN (Reuters) – West African countries of the eight-nation economic and monetary union are struggling to raise funds on the regional capital …

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Hedge funds retrench after getting pummeled during wild March

March 31, 2023
Hedge funds retrench after getting pummeled during wild march - photo licensed by shore news network.

By Nell Mackenzie, Carolina Mandl and Summer Zhen LONDON/NEW YORK/HONG KONG (Reuters) – March’s market turmoil has forced many macro and trend-following hedge funds to …

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Investors rack up U.S. money market funds for a third straight week

March 31, 2023
Investors rack up u. S. Money market funds for a third straight week - photo licensed by shore news network.

(Reuters) – Money continued to flow into safer U.S. money market funds for a third consecutive week as investors remained unsettled about the banking sector …

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Global money market funds see strong demand for fifth week in a row

March 31, 2023
Global money market funds see strong demand for fifth week in a row - photo licensed by shore news network.

(Reuters) – Global money market funds continued to attract big inflows in the week ended March 29, as investors chased safer assets amid lingering worries …

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Maryland Man Admits to Illegally Obtaining Over $2 Million in COVID-19 Relief Funds

March 30, 2023

NEWARK, N.J. – Mohamed Kamara, a 42-year-old man from Greenbelt, Maryland, has pleaded guilty yesterday to wire fraud and conspiracy to commit wire fraud. He …

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Column-Shadow bank boxing as money funds drain deposits :Mike Dolan

March 29, 2023
Column-shadow bank boxing as money funds drain deposits :mike dolan - photo licensed by shore news network.

By Mike Dolan LONDON (Reuters) – Cash-like money funds could increasingly suck deposits from smaller U.S. banks until lagging bank savings rates are finally forced …

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Pakistan PM says IMF wants external financing commitments met before it releases funds

March 28, 2023
Pakistan pm says imf wants external financing commitments met before it releases funds - photo licensed by shore news network.

By Asif Shahzad ISLAMABAD (Reuters) – The International Monetary Fund (IMF) wants external financing commitments fulfilled from friendly countries before it releases bailout funds, Pakistan’s …

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New York-based Mass Ave Global liquidates China-focused funds -documents

March 28, 2023

By Xie Yu and Summer Zhen HONG KONG (Reuters) – Mass Ave Global, a New York-based hedge fund with $1.1 billion of assets under management, …

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Hedge funds flee banks, lending-related stocks

March 27, 2023
Hedge funds flee banks, lending-related stocks - photo licensed by shore news network.

By Carolina Mandl NEW YORK (Reuters) – Global hedge funds cut their exposure to U.S. banking stocks to a near 10-year record low and fled …

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Global money market funds’ weekly inflows hit 3-year high

March 24, 2023
Global money market funds' weekly inflows hit 3-year high - photo licensed by shore news network.

(Reuters) – Global money market and government bond funds received massive inflows in the seven days to March 22 as investors scrambled for safety amid …

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Colombia pension reform would impact capital markets, private funds say

March 23, 2023
Colombia pension reform would impact capital markets, private funds say - photo licensed by shore news network.

By Nelson Bocanegra BOGOTA (Reuters) – Colombia’s private pension funds association said on Thursday a reform proposed by the leftist government of President Gustavo Petro …

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Celebrity-Backed Bail Funds Freed People Who Allegedly Went On To Kill: REPORT

March 24, 2023March 22, 2023
Celebrity-backed bail funds freed people who allegedly went on to kill: report - photo licensed by shore news network.

Celebrity-Backed Bail Funds Freed People Who Allegedly Went On To Kill: REPORT Trevor Schakohl on March 22, 2023 Bail assistance groups including the Northwest Community …

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Hedge funds whiplashed in wild March markets

March 17, 2023
Hedge funds whiplashed in wild march markets - photo licensed by shore news network.

By Summer Zhen, Nell Mackenzie and Yoruk Bahceli LONDON/HONG KONG (Reuters) – Trend-following and macro hedge funds have been badly wrong-footed in a week of …

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Five trades from hedge funds to navigate US-China tensions

March 17, 2023
Five trades from hedge funds to navigate us-china tensions - photo licensed by shore news network.

By Nell Mackenzie, Carolina Mandl and Summer Zhen LONDON (Reuters) – Hedge funds are watching growing U.S.-Chinese geopolitical tensions and have spotted ways to trade …

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Global money market funds draw massive inflows in week to March 15

March 17, 2023
Global money market funds draw massive inflows in week to march 15 - photo licensed by shore news network.

(Reuters) – Global money market and government bond funds obtained massive weekly inflows as investors rushed to safer assets on fears of contagion from the …

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UK drops plan to tax sovereign wealth funds

March 17, 2023
Uk drops plan to tax sovereign wealth funds - photo licensed by shore news network.

LONDON (Reuters) – British finance minister Jeremy Hunt has dropped a plan to tax sovereign wealth funds investing in Britain, according to a government document. …

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Nigeria tops list of countries withholding airline funds, IATA says

March 16, 2023
Nigeria tops list of countries withholding airline funds, iata says - photo licensed by shore news network.

LAGOS (Reuters) – Nigeria is withholding $743 million in revenue earned by international carriers operating in the country, the highest amount owed by any nation, …

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Venezuelan opposition impatient over U.S. process to move frozen funds – sources

March 15, 2023
Venezuelan opposition impatient over u. S. Process to move frozen funds - sources - photo licensed by shore news network.

By Vivian Sequera and Mayela Armas CARACAS (Reuters) – Members of Venezuela’s opposition are anxiously awaiting decisions by the United States to again allow the …

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Australia’s biggest pension funds not doing enough on climate, activist investor says

March 15, 2023
Australia's biggest pension funds not doing enough on climate, activist investor says - photo licensed by shore news network.

SYDNEY (Reuters) – Australia’s five largest pension funds were not doing enough to push fossil fuel companies toward decarbonisation, activist investor group Market Forces said …

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China central bank set to inject fresh funds through medium-term policy loan

March 14, 2023
China central bank set to inject fresh funds through medium-term policy loan - photo licensed by shore news network.

SHANGHAI (Reuters) – China’s central bank is set to inject more liquidity when rolling over maturing medium-term policy loans for a fourth straight month on …

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