Category: funds
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Fenix Charity Fund’s Impactful Year of Support for children
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2024 was an important and wonderful year for Fenix Charity Fund, a Lithuanian charitable organization dedicated to improving the lives of children. Over the past year, Fenix Charitable Fund has been involved in various projects across Lithuania and Latvia. These efforts have already improved access to health care and other…
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Israeli institutions to launch Bitcoin tracking funds
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Last year, Bitcoin once again became the focus of the financial world, with its price rising by 113% to currently reach $94,200. Now, for the first time, the Israeli public will be able to invest with shekels in a product that tracks Bitcoin. Four mutual fund managers (IBI-Kessem, Meitav, More,…
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Crypto Hacks Stolen Funds Surge 21% In 2024
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This year, cryptocurrency hacks have increased in terms of total value stolen and number of attacks compared to last year. According to a recent report, the industry has lost more than $2 billion in the past 12 months, with more than half of the money allegedly stolen by North Korean…
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FT Portfolios Canada Co. Announces Distribution For Its Exchange Traded Funds
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This section is Partnership content provided The content in this section is provided by GlobeNewswire for the purposes of press release distribution on behalf of its clients. Postmedia has not reviewed the content. by Globe Newswire Breadcrumb links Globe Newswire Article writer: Posted on December 20, 2024 • 2 min…
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Hedge funds sell El Al stock amid profit-taking
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The ceasefire in the north, which took effect last week, saw a change in sentiment towards El Al shares. After rising 240% in the past 13 months, the Israeli airline’s share price changed direction last week, losing 21%, with its market capitalization falling by NIS 575 million to NIS 3…
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Hedge Funds Make MicroStrategy Wall Street’s Hottest Trade
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(Bloomberg) — To satiate his rampant, multibillion-dollar appetite for bitcoin, Michael Saylor tapped into demand from retail investors stunned by MicroStrategy Inc.’s rise. By more than 500% this year. It has also benefited from hedge funds that don’t care much where stocks trade. Most read from Bloomberg Eli Bars, co-head…
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Hedge Funds Make MicroStrategy Wall Street’s Hottest Trade
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(Bloomberg) — To satiate his rampant, multibillion-dollar appetite for bitcoin, Michael Saylor tapped into demand from retail investors stunned by MicroStrategy Inc.’s rise. By more than 500% this year. It has also benefited from hedge funds that don’t care much where stocks trade. Most read from Bloomberg Eli Bars, co-head…
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Crypto-Friendly Hong Kong Offers Tax Exemptions to Attract Hedge Funds and Family Offices
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Hong Kong recently announced a bold move to strengthen its position as a global financial centre, especially in the cryptocurrency sector. Recently an offerHong Kong’s Financial Services and Treasury Office has proposed a “waiver of capital gains tax” on investments in cryptocurrencies and other alternative assets by hedge funds, private…
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UK Funds Risk Tax Hit for Underinvesting at Home, Official Warns
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Breadcrumb links BMN Business The UK could claw back pension tax breaks from asset managers who fail to invest adequately domestically, the head of the British Business Bank said in a warning about the risks the industry faces as the government seeks to implement a major growth initiative. Article writer:…
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French AI startup backed by Arnault plans to raise more funds
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H, a French AI startup founded by experts at Google’s DeepMind AI lab and backed by billionaires including LVMH CEO Bernard Arnault, is gearing up for another funding round after announcing its first product. The Paris-based AI company is operating on less money than its competitors and will need to…
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Hedge Funds Shorting Tesla Just Lost More Than $5 Billion
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Breadcrumb links BMN Business Since Donald Trump won the election, hedge funds holding bets against Tesla have lost billions of dollars, as they feel the repercussions of the special relationship between the president-elect and Elon Musk. Article writer: Bloomberg News Ishika Mukherjee Posted on November 10, 2024 • 3 minute…
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Crypto Funds Hit All-Time High Inflows of $29 Billion—Can This Growth Be Sustained?
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This year saw a significant rise in inflows of cryptocurrency investment products, reaching an annual record of $29.2 billion, a recent study revealed. a report From Queen Shares. Net weekly flows last week alone amounted to $2.18 billion, driven by various market factors and greatly influenced by the political climate…
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A courtroom of relief: Feds recover funds for victims of scammed banker
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Breadcrumb links PMN BMN Business Article writer: Associated Press Martha Mendoza Published on November 04, 2024 • 4 minutes read You can save this article by registering for free here. Or log in if you have an account. Article content WICHITA, Kan. (AP) — Sighs of relief erupted in a…
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From Russia With Fraud: ‘Crypto Queen’ Diverts Funds To Ukrainian Army
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A detained social media influencer could be headed to a Russian prison and remain there for nearly 10 years serving her sentence for committing cryptocurrency fraud. Valeria Fedyakina, dubbed the “Queen of Cryptocurrencies,” is at the center of multiple accusations of widespread fraudulent activities which have reportedly included… Financing the…
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Investors rush to withdraw pension funds amid fears of tax hikes in upcoming budget
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Investors are withdrawing money from their pension funds in increasing numbers, fearing potential tax increases in the next budget. AJ Bell, one of the UK’s largest manual wealth managers, has reported a spike in pension withdrawals, as clients move to secure tax-free lump sums ahead of potential changes by the…
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Crypto Exposure In Nearly Half Of Traditional Hedge Funds, Survey Reveals – What’s Driving Adoption?
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According to Bloomberg a reporta recent study found that nearly half of traditional hedge funds have some exposure to cryptocurrencies, with the degree of exposure expected to increase by the end of the year. Traditional hedge funds are venturing into crypto A survey conducted by the Alternative Investment Management Association…
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Tokenized Funds: BlackRock & Franklin Templeton
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The world of finance is changing dramatically because more people are using blockchain things and there are more tokenized things to buy. Big players like BlackRock and Franklin Templeton are all participating in this change by creating these brand new token funds. As these amazing products grow in popularity, they…
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Gemini Exchange To Shut Down Canadian Accounts, Users Given 90-Day To Withdraw Funds
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Photo: econotimes.com The cryptocurrency scene in Canada has seen its ups and downs, as major players like Gemini, OKX, dYdX, Paxos, Bybit, and Binance bid farewell to the market. These companies are leaving because the Canadian Securities Administrators (CSA) have tightened the rules for cryptocurrency trading platforms making it difficult…
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Gemini Exchange To Shut Down Canadian Accounts, Users Given 90-Day To Withdraw Funds
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Photo: econotimes.com The cryptocurrency scene in Canada has seen its ups and downs, as major players like Gemini, OKX, dYdX, Paxos, Bybit, and Binance bid farewell to the market. These companies are leaving because the Canadian Securities Administrators (CSA) have tightened the rules for cryptocurrency trading platforms making it difficult…
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Crypto Inflows Hit New Heights As Ethereum Funds Break Losing Streak—Bull Run Here?
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Global cryptocurrency investment products rose, recording net inflows of $1.2 billion over the past week. This represents the third consecutive week of positive flows and a notable shift in market sentiment, as highlighted in the latest report a report From CoinShares, a leading digital asset investment company. Coinshares revealed that…