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 significant inflows amid investor caution
(Reuters) – Global money market funds drew significant inflows in the week ended Aug. 30, as investors sought safety amid increasing perception that major central banks would maintain elevated interest rates for…
Japan has no plans to boost funds to ease reputation damage from Fukushima water release
TOKYO (Reuters) – Japan’s industry minister said on Wednesday the government had no plan to substantially boost funds aimed at helping the fishing industry hit by reputation damage from the release of…
Analysis-Chinese investors rush to offshore funds to offset domestic risks
By Summer Zhen and Samuel Shen HONG KONG/SHANGHAI (Reuters) -Disillusioned with a weak stock market at home, geopolitical risks and a falling currency, Chinese investors are pouring money into investment products with…
Brazil to tax closed-end, offshore funds
(Reuters) – Brazilian President Luiz Inacio Lula da Silva on Monday will sign an executive measure to tax closed-end funds and a bill to tax offshore funds, according to a statement from…
China approves 37 retail funds to help revive market
SHANGHAI (Reuters) – China’s securities regulator approved the launch of 37 retail funds over the weekend, part of government efforts to revive a stock market struggling for lift-off in an ailing economy.…
US equity funds see biggest weekly outflow in two months
(Reuters) – Investors withdrew huge money out of U.S. equity funds in the seven days to Aug. 13 on worries about the prospects of interest rates staying higher for longer. A surge…
Wall Street funds explore potential bankruptcy plan for WeWork – WSJ
(Reuters) – A group of wall street funds which lent cash to WeWork is exploring the possibility of a bankruptcy filing, the Wall Street Journal reported on Thursday citing people familiar with…
Blackstone China unit gets nod to raise funds for overseas investments
By Roxanne Liu and Selena Li (Reuters) – Blackstone’s newly established China unit has received regulatory approval to raise funds that will be invested overseas, joining other global asset managers in seeking…
How hedge funds are positioning themselves for a soft landing
By Nell Mackenzie, Carolina Mandl and Summer Zhen LONDON (Reuters) – Bond, stock and currency market bears with portfolios designed to gain from a recession have been fleeing losing trades as big…
SoftBank buys Vision Fund’s stake in Arm at valuation of $64 billion-sources
By Anirban Sen NEW YORK (Reuters) – SoftBank Group Corp has acquired the 25% stake in Arm Ltd it does not directly own from its Vision Fund unit in a deal that…
Hedge funds slow value exodus as AI hype drives up growth stocks
NEW YORK/LONDON (Reuters) – Hedge funds have slowed their exit from value stocks and small-cap stocks over the past month, as enthusiasm for artificial intelligence has driven up valuations for growth stocks,…
Asian hedge funds see waning demand in the first half -data
By Summer Zhen HONG KONG (Reuters) – Money continued to flow out of Asian hedge funds in the first half of 2023 as a disappointing China recovery and resilient stock markets outside…
EXCLUSIVE: Reps. Chip Roy, Andy Biggs Question Mayorkas On Taxpayer Funds Going To Migrant Camps Outside US
EXCLUSIVE: Reps. Chip Roy, Andy Biggs Question Mayorkas On Taxpayer Funds Going To Migrant Camps Outside US Jennie Taer on August 16, 2023 Reps. Chip Roy of Texas and Andy Biggs of…
Hedge funds land bonuses despite returns below bank savings rates -Goldman
By Nell Mackenzie LONDON (Reuters) – Most investors still award bonuses to hedge funds even if their investments do not earn as much as a bank savings account would, Goldman Sachs said…
Tudor, Adage Capital among hedge funds making bets on NYC office space
By David Randall NEW YORK (Reuters) – Basswood Capital, Adage Capital Partners and Paul Tudor Jones’ Tudor Investment Corp were among the hedge funds that took new positions in real estate investment…
In the Market: Funds fret over the fallout of Biden’s China order
By Paritosh Bansal (Reuters) – Fund managers are worried the Biden administration’s move to restrict some outbound U.S. investment to China will further fuel anti-Beijing sentiment in Washington and prompt more limitations.…
Woman Arrested for Misappropriating Jersey City Housing Authority Funds
HUDSON COUNTY, NJ – On Thursday, Tyest Bryant, 53, of Jersey City, was arrested by the Hudson County Prosecutor’s Office Special Investigations Unit. The arrest followed an inquiry into funds reported missing…
White House: There will be restrictions on any unfrozen Iranian funds
By Andrea Shalal and Matt Spetalnick WASHINGTON (Reuters) – The White House stressed on Friday that there would be restrictions on what Iran could do with any funds unfrozen under an emerging…
US equity funds record biggest weekly outflow in seven weeks
(Reuters) – U.S. equity funds saw heavy outflows in the seven days to Aug. 9 amid investor caution ahead of the U.S. inflation data and concerns over credit rating downgrades in the…
Global money market funds draw biggest weekly inflow in 4-1/2 months
(Reuters) – Global money market funds attracted robust inflows in the week to Aug. 9, reflecting investor caution ahead of U.S. inflation readings and as Chinese economic data remained weak. Investors ploughed…
Exclusive-Canadian pension funds explore $6 billion sale of renewables firm Cubico -sources
By Isla Binnie and Andres Gonzalez NEW YORK (Reuters) – Two of Canada’s biggest pension funds are exploring options including a sale of Cubico Sustainable Investments that could value the renewable energy…
Novo Banco yet to decide on frozen Venezuelan funds after ruling
LISBON (Reuters) – Portugal’s Novo Banco said its lawyers were studying a ruling by a Lisbon court that Venezuela claims unblocks around $1.5 billion in Venezuelan state assets being held by the…
New Jersey Reallocates $59.4 Million in Superstorm Sandy Relief Funds
The New Jersey Department of Community Affairs (DCA) has made public a proposed amendment to the Superstorm Sandy Action Plan for public comment. This amendment aims to reallocate $59.44 million in Superstorm…
Analysis-Oil hedge funds place their bets on heat-fueled hurricane season
By Nell Mackenzie LONDON (Reuters) – Bullish gasoline positions have hit their highest since the day Russia invaded Ukraine and will almost certainly rise further if record Atlantic Ocean heat draws a…
Hedge funds turn bearish again as yields spike
By Carolina Mandl NEW YORK (Reuters) – Global hedge funds increased their bets that stocks will fall in a week when bonds yields rose after the United States’ credit rating was downgraded,…
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