Blackstone closes PE secondary funds at record $25 billion
(Reuters) – Blackstone Inc raised a record $25 billion for two funds that dabble in secondaries and co-investments, the asset manager said on Wednesday. Strategic …
Funds
Founder and Majority Owner of Cryptocurrency Exchange Charged with Processing Over $700 Million of Illicit Funds
The founder and majority owner of a cryptocurrency exchange, Bitzlato Ltd. (Bitzlato), was arrested last night in Miami for his alleged operation of a money …
BlackRock, Vanguard stand apart as U.S. funds suffer first annual outflows
(Reuters) – Passive products from BlackRock Inc, Vanguard Group and others were rare cash recipients last year as U.S. mutual and exchange-traded funds suffered $370 …
Crypto hedge funds ended 2022 down almost 50% – BarclayHedge data
By Nell Mackenzie LONDON (Reuters) – Hedge funds trading crypto currencies tracked by index provider BarclayHedge ended 2022 down almost 50%, the research firm said …
‘I didn’t steal funds,’ Sam Bankman-Fried says in unusual post-arrest blog post
By Luc Cohen NEW YORK (Reuters) – Sam Bankman-Fried said he did not steal money and blamed the collapse of his now-bankrupt FTX exchange on …
Analysis-Gated UK property funds are open to further risk
By Carolyn Cohn and Elizabeth Howcroft LONDON (Reuters) – UK property funds face further exit requests, asset fire sales and reduced demand from pension schemes …
Ghana says debt exchange talks with local pension funds continuing
ACCRA (Reuters) – Ghana’s finance ministry on Wednesday said negotiations on the terms of a domestic debt exchange agreement with local pension funds were continuing …
Coventry Man Charged with Fraudulently Obtaining COVID-19 Relief Funds
Vanessa Roberts Avery, United States Attorney for the District of Connecticut, Jean Pierre Njock, Acting Special Agent in Charge of the New Haven Division of …
Former Portland Attorney Sentenced to More Than Eight Years in Federal Prison for Embezzling Client Funds
PORTLAND, Ore.—A former Portland attorney was sentenced to federal prison today for defrauding more than one hundred clients out of millions of dollars in insurance …
Hedge funds in 2022 post worst performance since 2018, dragged down by equities -HFR data
By Carolina Mandl NEW YORK (Reuters) – Hedge funds last year posted their worst performance since 2018, mainly dragged down by equities as portfolio managers …
Metairie Woman Sentenced for Theft of Social Security Funds and Cares Act Funds
NEW ORLEANS, LOUISIANA – U.S. Attorney Duane A. Evans announced that defendant, RACHEL COONEY, of Metairie, Louisiana, was sentenced on January 5, 2023 for Theft …
U.S. equity funds record seventh week of outflows
(Reuters) – U.S. equity funds recorded a seventh straight week of outflows in the seven days to Jan. 4 on concerns that the Federal Reserve …
Global equity funds post outflows for ninth week in a row
(Reuters) – Global equity funds witnessed net outflows for a ninth straight week in the seven days to Jan. 4 as investors remained cautious ahead …
Biggest hedge funds will keep lion’s share of customers in 2023, data shows
By Nell Mackenzie (Reuters) – The top 5% of the world’s hedge fund managers are set to take 80-90% of investor inflows in 2023, according …
UK equity funds saw record $10 billion outflows in 2022-Calastone
LONDON (Reuters) – Investors sold a record 8.38 billion pounds ($10 billion) worth of UK-focused equity funds last year, shunning Britain as the country braces …
Former Wayne County Employee Pleads Guilty To Stealing Over $1.7 Million In County Funds
DETROIT – A former Wayne County Roads Division employee pleaded guilty today to conspiring to steal over $1.7 million in county funds, United States Attorney …
IIFL Finance to raise funds via public issue
MUMBAI (Reuters) – India’s IIFL Finance plans to raise at least 1 billion rupees ($12.10 million) through public issue of non-convertible debentures, according to a …
Edelweiss Financial Services to raise funds via public issue
MUMBAI (Reuters) – Edelweiss Financial Services plans to raise at least 2 billion rupees ($24.19 million) through the public issue of non-convertible debentures, according to …
Global equity funds see outflows for an eighth straight week
(Reuters) – Global equity funds posted net outflows for an eighth straight week in the seven days to Dec. 28 as a stronger than expected …
China funds with energy bets stand out in a bleak year
SHANGHAI (Reuters) – Chinese fund managers who made big bets on energy companies are celebrating a year that was brutal for many of their peers. …
Hedge funds set to mark worst returns in 14 years
By Patturaja Murugaboopathy and Summer Zhen (Reuters) – Global hedge funds are set to register their worst returns in 14 years in 2022 after aggressive …
Global equity funds see biggest weekly outflows since March 2020 -Lipper
(Reuters) – Global equity funds have recorded their biggest weekly outflows since March 2020, hit by recession fears as central banks vow to keep interest …
Equity funds record largest ever weekly outflows -BofA
By Lucy Raitano LONDON (Reuters) – Investors shed stocks at the highest weekly rate ever in the week to Wednesday, selling a net $41.9 billion …
Analysis-Russian gold removed from some Western funds after Ukraine
By Peter Hobson LONDON (Reuters) – Hidden inside high-security bank vaults in London, Zurich and New York, billions of dollars’ worth of gold of Russian …
‘F*cking Insanity’: Massive Congressional Spending Bill Says Border Patrol Can’t Spend Funds On Border Security
‘F*cking Insanity’: Massive Congressional Spending Bill Says Border Patrol Can’t Spend Funds On Border Security Jennie Taer on December 20, 2022 The massive congressional spending …
Ukrainian groups to get new UN funds as winter looms
KYIV (Reuters) – Ukrainians shivering under bombs, frost and power outages will soon get more help from a fund that funnels money to volunteers, community …
Two Chinese property developers to raise funds via discounted share sales
HONG KONG (Reuters) – CIFI Holdings on Tuesday became the latest Chinese property developer to raise funds by selling new shares at discounted prices, while …
Former Portland Area Non-Profit Director Pleads Guilty to Stealing Covid Relief Funds
PORTLAND, Ore.—A former Portland area non-profit director pleaded guilty today for stealing more than $320,000 in federal funds intended to help small businesses during the …
ESG funds set for first annual outflows in a decade after bruising year
By Tommy Wilkes and Patturaja Murugaboopathy LONDON (Reuters) – Investors pulled more money from funds marketed as “sustainable” than they added for the first time …
Asia’s stockpickers struggle in vintage year for big picture hedge funds
By Summer Zhen and Xie Yu HONG KONG (Reuters) – Asia’s hedge funds are heading for their worst showing in a dozen years, with long-short …
Turnover surges as funds rush to exit private equity stakes
By Rae Wee SINGAPORE (Reuters) – Private equity holdings are being sold at a record clip in an opaque secondary market, investors say, as asset …
U.S. equity funds gain first weekly inflow in four weeks
(Reuters) – U.S. equity funds saw net purchases in the week ended Dec. 14, as slowing inflation rates raised expectations that the Federal Reserve would …
Faraday Future slides on signaling need for funds to start production
(Reuters) – Shares of Faraday Future Intelligent Electric tumbled 21% premarket on Friday after the company unveiled production plans for its much-delayed luxury electric car …
Global equity funds draw first weekly inflow after five weeks
(Reuters) – Global equity funds attracted their first inflow in six weeks in the week ended Dec. 14, with investors optimistic that easing inflation levels …
Canadian Father And Son Indicted For Fraudulently Obtaining Over $8 Million In COVID-19 Relief Funds
Orlando, Florida – United States Attorney Roger B. Handberg announces the unsealing of a six-count indictment charging Evan Edwards (64, New Smyrna Beach) and Joshua …
Portland Man Sentenced to Federal Prison for Stealing Covid Relief Funds While on Post-Prison Supervision
PORTLAND, Ore.—A Portland man was sentenced to federal prison today for fraudulently applying for and receiving Covid relief program funds for a fictitious business entity …
Funds load up on exposure Down Under as China boost awaits
By Tom Westbrook SINGAPORE (Reuters) – Australia’s stockmarket is pulling in a growing slice of global investors’ funds, as the prospect of big dividends, relatively …
Hungary’s reforms not enough to unlock EU funds, European Commission says
BRUSSELS (Reuters) – Hungary has not implemented enough reforms to improve anti-corruption safeguards to grant Budapest billions of euros worth of EU funds, the European …
Ocala Man Indicted For Fraud Relating To COVID-19 Relief Funds
Ocala, Florida – United States Attorney Roger B. Handberg announces the return of an indictment charging Henry Troy Wade (45, Ocala) with six counts of …
U.S. equity funds register biggest weekly outflow in about 1-1/2 years
(Reuters) – U.S. equity funds posted enormous outflows in the week to December 7 as investors fretted over the Federal Reserve’s rate hikes, with data …
Global equity funds record biggest weekly outflows in three months
(Reuters) – Outflows from global equity funds in the week ended Dec. 7 hit a three-month high on fears that interest rates could stay higher …
Nine Indicted On Charges Involving Embezzlement Of Hundreds Of Thousands Of Financial Aid Funds From A Higher Education Institution
Tampa, Florida – United States Attorney Roger B. Handberg announces the unsealing of an indictment charging Andrea Mitchell (53, Tampa), Lester Best (54, Tampa), Gloria …
Venezuela opposition seeks to protect billions in humanitarian funds from creditors -sources
By Vivian Sequera and Mayela Armas CARACAS (Reuters) – Venezuelan opposition parties are seeking to protect billions of dollars in UN administered humanitarian funds from …
China-Linked Hackers Stole Millions In COVID-19 Relief Funds, Secret Service Says
China-Linked Hackers Stole Millions In COVID-19 Relief Funds, Secret Service Says Bronson Winslow on December 5, 2022 Foreign hackers linked to the Chinese government allegedly …
West Haven Man Guilty of Role in Scheme to Steal City’s COVID-19 Relief Funds
Vanessa Roberts Avery, United States Attorney for the District of Connecticut, today announced that a jury in Hartford federal court has found JOHN TRASACCO, 50, …
U.S. equity funds register biggest weekly outflow in over five weeks
(Reuters) – U.S. equity funds logged big outflows in the week to November 30 as investors booked profit after concerns over economic growth resurfaced due …
Global equity funds post biggest weekly outflow in six weeks
(Reuters) – Global equity funds recorded enormous outflows in the week ended on Nov. 30 as investors booked profits – after a rally in the …
Portland Woman Sentenced to Federal Prison for Stealing Covid Relief Funds While on Supervised Release
PORTLAND, Ore.—A Portland woman was sentenced to federal prison today for violating the terms of her post-prison supervised release by submitting two fraudulent applications for …
Former Officers of Non-Profit Dedicated to Helping Children Plead Guilty to Using Organization’s Funds for Personal Gain
WASHINGTON – The former Executive Director and the former Director of Operations and Finance of the now-defunct non-profit organization …
Las Vegas Man Sentenced To Prison For Fraud Scheme Targeting Church Funds
LAS VEGAS — A Las Vegas man was sentenced today by U.S. District Judge Gloria M. Navarro to 45 months in prison followed by three …