Georgia environmental manager sentenced to prison for $1.2 million fraud scheme targeting employer
GAINESVILLE, Ga. — Michael Mayfield, a former environmental manager at the Mars Wrigley factory in Flowery Branch, Georgia, has been sentenced to three years in federal prison for defrauding his employer of…
German economy, auto sector face risks from exposure to China, fund manager says
By Christoph Steitz FRANKFURT (Reuters) – Germany’s heavy economic exposure to China carries significant risks for Europe’s top economy, the country’s second-largest fund manager said, singling out the market for electric vehicles…
Middle East asset manager Investcorp eyes up to $550 million in first China yuan fund
By Roxanne Liu and Kane Wu BEIJING (Reuters) – Bahrain-based alternative asset manager Investcorp is aiming to raise 2 billion to 4 billion yuan ($274 million-$548 million) for its first private equity…
Asset manager GMO’s first ETF will focus on ‘quality’ companies
By Suzanne McGee (Reuters) – GMO LLC, the asset management firm co-founded by veteran investor Jeremy Grantham, will launch its first exchange-traded fund (ETF) on Wednesday. The firm said it is rolling…
Ex-Odey portfolio manager Hanbury aims short bet on private equity – letter
By Nell Mackenzie LONDON (Reuters) – Former Odey Asset Management (OAM) portfolio manager James Hanbury has taken short positions against private equity, which will likely struggle to finance and refinance deals as…
Former Navy IT Manager Sentenced to over 5 Years in Prison for Hacking a Computer Database, Stealing over 9,000 People’s Identities, and Selling the Information for $160,000 in Bitcoin
FRESNO, Calif. — Former Navy IT Manager Marquis Hooper, 32, of Selma, California, was sentenced today to five years and five months in prison for hacking a computer database that contained personally…
Former plant manager at Seattle barrel cleaning company sentenced to prison and home confinement
Seattle – The former plant manager of a barrel cleaning and reconditioning company, Seattle Barrel and Cooperage Company, was sentenced today in U.S. District Court in Seattle to 30 days in prison…
Former bank manager pleads guilty to bank fraud and aggravated identity theft
Tacoma –A 44-year-old former bank manager from Battle Ground, Washington, pleaded guilty today in U.S. District Court in Tacoma to Bank Fraud and Aggravated Identify Theft, announced Acting U.S. Attorney Tessa M.…
Exclusive-Star Chinese fund manager Wang detained and under investigation -sources
(Reuters) -Wang Yawei, a star fund manager in China, has been detained by authorities since August and is under investigation, according to three sources with knowledge of the matter. The 52-year-old founder…
Pharmaceutical production manager sentenced in counterfeit drug trafficking conspiracy
BEAUMONT, Texas – A Houston man who served as a production manager in a counterfeit drug trafficking scheme has been sentenced to federal prison for drug trafficking and money laundering violations in…
Former Key West Hotel Manager Sentenced for Tax and Immigration Conspiracy
MIAMI, FL – Nataliya Vasylivna Kasyanenko, a former housekeeping manager at a large Key West hotel, was sentenced to eight months in prison for conspiring to defraud the United States and conspiring…
China state asset manager plans $14 billion emerging industry fund -report
SHANGHAI (Reuters) – China Reform Holdings Corp, a Chinese manager of state assets, plans to raise at least 100 billion yuan ($13.70 billion) for a fund that will invest in emerging industries,…
Hedge fund manager Bill Ackman sees U.S. long-term rates rising
(Reuters) – Billionaire investor Bill Ackman said he believed 30-year interest rates would rise further, while his Pershing Square Capital Management hedge fund remains short on bonds, as he sees inflation remaining…
UK asset manager St. James’s Place appoints FitzPatrick as CEO-designate
(Reuters) – British asset manager St. James’s Place on Wednesday appointed former Prudential executive Mark FitzPatrick to succeed Andrew Croft, who is stepping down in early December. FitzPatrick will join as the…
Fund manager Ashmore sees 6% profit drop on outflows
LONDON (Reuters) -Emerging markets-focused fund manager Ashmore reported a 6% fall in annual profit on Wednesday and assets under management slumped by almost a quarter, as investors sought to curb risk amid…
EXCLUSIVE: Major Donor-Advised Fund Manager Allegedly Blocked Anonymous Gifts To Conservative Orgs, Complaint Says
EXCLUSIVE: Major Donor-Advised Fund Manager Allegedly Blocked Anonymous Gifts To Conservative Orgs, Complaint Says Katelynn Richardson on August 18, 2023 Fidelity Charitable (FC), a major donor-advised fund, allegedly blocked an account holder…
Maui Crisis Manager Whose Agency Opted Against Sounding Sirens Resigns
Maui Crisis Manager Whose Agency Opted Against Sounding Sirens Resigns Nick Pope on August 17, 2023 Herman Andaya, the administrator of Maui’s Emergency Management Agency (EMA), resigned Thursday after drawing immense criticism…
Bank of China starts nationwide move to reduce salary gap among employees, manager levels -sources
BEIJING (Reuters) – Bank of China Ltd, China’s fourth-largest lender by assets, has launched a countrywide exercise to reduce the salary gaps among its employees and mid- and high-level managers in response…
ION seals acquisition of Italy’s Prelios from Davidson Kempner in estimated $1.5 billion deal
By Valentina Za and Pablo Mayo Cerqueiro LONDON (Reuters) -U.S. hedge fund Davidson Kempner Capital Management (DK) said on Friday it had agreed to sell Prelios to fintech firm ION Group, in…
US asset manager Thornburg loses outbound investment licence in China
By Summer Zhen HONG KONG (Reuters) – U.S.-based Thornburg Investment Management lost its business licence in China to raise funds for outbound investment only one year after it was granted, according to…
Lawsuit Filed Against Property Manager for Unsafe Housing Conditions in Philadelphia
PHILADELPHIA, PA – Attorney General Michelle Henry recently announced the filing of a lawsuit against Philadelphia area property management company, SBG Management Services, Inc., and its owner and principal, Philip Pulley. Accusations…
Generali buys U.S. asset manager Conning under deal with Cathay Life
MILAN (Reuters) – Generali has agreed to buy Connecticut-based asset manager Conning Holdings as part of a partnership with Cathay Life, a unit of Taiwan’s Cathay Financial Holding, the Italian insurer said…
Longshot Democratic Presidential Candidate Hires Third Campaign Manager
Longshot Democratic Presidential Candidate Hires Third Campaign Manager Mary Lou Masters on June 30, 2023 Longshot Democratic presidential candidate and self-help author Marianne Williamson hired her third campaign manager since her March…
Ex-Camden Housing Authority Manager Pleads Guilty Over Section 8 Fraud
CAMDEN, NJ – Traci Willis, a 55-year-old ex-manager with the City of Camden Housing Authority, pleaded guilty to third-degree conspiracy to tamper with public records on Wednesday. The guilty plea was made…
Longshot Democratic Presidential Candidate Loses Another Campaign Manager
Longshot Democratic Presidential Candidate Loses Another Campaign Manager Mary Lou Masters on June 20, 2023 Longshot Democratic presidential candidate and self-help author Marianne Williamson lost another campaign manager, adding to a series…
Ex-Harvard morgue manager indicted for trafficking body parts -US prosecutors
By Brad Brooks (Reuters) – The former morgue manager at Harvard Medical School was among five people indicted by a grand jury on Wednesday over allegations they stole and sold body parts…
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