Category: Fund
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Bill Ackman’s own hedge fund is asking investors to ignore what he says
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It’s not every day that a company asks shareholders to disavow any comment made by its parent company’s largest shareholder and its chief executive. But that’s exactly what Pershing Square USA Ltd. did on Thursday when it blamed Wall Street speculator Bill Ackman. In a letter marketing his new closed-end…
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New Investment Fund Offers EU Citizenship Pathway
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By combining cryptocurrency and immigration policy, Bitcoin holders will be able to purchase EU citizenship through a new investment option. Backed by the Unbound Fund, the initiative uses Bitcoin as a key Open Portuguese citizenship through the country’s Golden Visa program. It also outlines a pioneering approach towards a huge…
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New Investment Fund Offers EU Citizenship Pathway
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By combining cryptocurrency and immigration policy, Bitcoin holders will be able to purchase EU citizenship through a new investment option. Backed by the Unbound Fund, the initiative uses Bitcoin as a key Open Portuguese citizenship through the country’s Golden Visa program. It also outlines a pioneering approach towards a huge…
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Faulu Microfinance Bank launches money market fund
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Faulo Microfinance Bank has launched the Money Market Fund (MMF), with the aim of expanding investment options for its clients. A money market fund (MMF) is a type of mutual fund that invests in high-quality, short-term debt instruments, cash, and cash equivalents. Although not quite as safe as cash, money…
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Grayscale Launches New Fund Targeting Decentralized AI Protocols
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The prominent crypto asset manager announced the launch of Grayscale Decentralized AI Fund LLC on July 17, which aims to give investors exposure to protocols in the rapidly evolving artificial intelligence sector within the crypto ecosystem. The fund will be rebalanced quarterly and currently includes a basket of AI-powered decentralized…
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Grayscale Launches New Fund Targeting Decentralized AI Protocols
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The prominent crypto asset manager announced the launch of Grayscale Decentralized AI Fund LLC on July 17, which aims to give investors exposure to protocols in the rapidly evolving artificial intelligence sector within the crypto ecosystem. The fund will be rebalanced quarterly and currently includes a basket of AI-powered decentralized…
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Classic Hedge Fund Trade Is a Winner in China’s Two-Speed Market
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Breadcrumbs Path Links PMN Business Chinese stocks have been among the world’s worst performers over the past year, but they’re outperforming their major peers based on one hedge fund strategy. Article author: Bloomberg News Henry Ren and Charlotte Young Published on July 16, 2024 • Read for 4 minutes You…
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This Hedge Fund Plans to Raise $500M for AI and Blockchain Investments
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North Carolina-based hedge fund manager Morgan Creek Digital plans to raise nearly $500 million for a new fund focused on investing in artificial intelligence, blockchain, chips and data opportunities. according to press releaseMorgan Creek’s new fund will invest in early-stage companies that combine the power of artificial intelligence, blockchain technology…
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Crypto ETFs to form 5% of hedge fund by 2025
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Exchange-traded funds (ETFs) are expected to make up 5% of hedge fund and pension fund portfolios by 2025, according to Fiorenzo Manganiello, a leading blockchain expert. Manganiello, co-founder and managing partner of LIAN Group, made the prediction after reports that BlackRock’s Bitcoin exchange-traded fund has raised $16.7 billion in assets…
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US Court Orders Hedge Fund Owner To Pay $84 Million
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In the crypto world, a federal judge in Chicago has ordered Oregon resident Sam Ecorti and his related companies to pay more than $120 million to victims of what the Commodity Futures Trading Commission (CFTC) described as a “Classic Ponzi scheme.” The ruling, issued by Judge Mary Rowland on July…
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Blockchain can combat illicit fund transfers, Nigeria’s top finance investigator says
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Blockchain technology and artificial intelligence can be used to combat illicit activities, said Olanipekun Olukoyede, Chairman of the Nigerian Economic and Financial Crimes Commission. The stakes are high for Africa, with the continent losing $88.6 billion annually to illicit money flows. According to the Guardian, Olukwede expressed concern that the…
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Timora Fund appoints Yossi Mautner as VP business development
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Temora Real Estate Fund has appointed Yossi Mautner to the position of Vice President of Business Development as it continues to expand its activities and strengthen its management team. Mautner, whose most recent positions (2018-2022) were CEO and Business Development Director of the Selena Hotel chain in Israel, will lead…
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Investment fund reforms come into effect July 1
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The big winners in long-term savings in Israel are those who directed their money into passive funds that track the S&P 500 and Nasdaq. The two leading US indexes returned 24% and 43% respectively in 2023, and so far this year they are up another 16% and 21%, leaving the…
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Ripple’s Strategic XRPL Fund Fuels Blockchain Innovation In Japan And Korea
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Ripple, a prominent blockchain payments company, It has taken an important step to accelerate the growth and adoption of the XRP Ledger (XRPL) in the Asia-Pacific region. With the launch of the XRPL Fund in Japan and Korea, Ripple is poised to drive innovation and utility within the XRPL ecosystem,…
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Norway wealth fund to vote against Musk’s $56 billion Tesla pay package By Reuters
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Written by Louise Rasmussen and Gwladys Foch OSLO (Reuters) – Norway’s $1.7 trillion sovereign wealth fund said on Saturday it would vote against ratifying Tesla Inc CEO Elon Musk’s $56 billion pay package, which will be put to a shareholder vote next week, after… A Delaware judge struck it down…
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OPEC+ plan turns hedge fund bullish bets on crude oil to 10-year lows (NYSEARCA:USO)
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Slavko Sereda/iStock via Getty Images Crude oil futures fell for a third straight week, which began with a sell-off sparked by OPEC+’s decision to reduce 2.2 million barrels per day in voluntary production cuts later this year, gradually leading to some barrels returning to the market later this year. In…
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Rachel Reeves Faces Pressure to Raise Capital Gains Tax to Fund Public Services
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Rachel Reeves, Labour’s shadow chancellor, is under mounting pressure from colleagues to consider increasing capital gains tax (CGT) as part of an ambitious Autumn Budget designed to fund public services. With income tax, National Insurance and VAT increasing, Reeves is exploring alternative measures to raise revenue. Business insiders reveal that…
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Bitcoin Partnership: University Of Austin And Unchained Unite For New $5M Endowment Fund
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The University of Austin (UATX), which is set to welcome its inaugural class this fall, has embarked on a new project through a collaboration with cryptocurrency platform Unchained. Their common goal is to raise $5 million in Bitcoin (BTC) to contribute to the UATX Long-Term Fund. According to Bloomberg a…
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Best Long-Term Bitcoin Buy Signal Flashes: Hedge Fund CEO
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In his latest message, Charles Edwards, CEO of digital asset and bitcoin hedge fund Capriol, said Putting a mark It is an important indicator for the market in the latest edition of the company’s newsletter, Update No. 51. Edwards points to the activation of the “Hash Ribbons” buy signal, a…