Bobby Jain’s new hedge fund is falling short of its original $8bn-$10bn fundraising target, thwarting his ambition for the industry’s largest-ever debut. The Credit Suisse veteran and former co-chief investment officer of Millennium Management has told potential clients he is now aiming to launch Jain Global in July with $5bn-$6bn of assets, according to investors.
New Delhi, India – Immediately after becoming the prime minister in 2014, Narendra Modi held backdoor negotiations with the Finance Commission of India to significantly cut funds allocated to the country’s states. However, the head of the commission, an independent constitutional body deciding states’ shares from central taxes, resisted, and Modi had to back off,
Topline The Florida Board of Education announced Wednesday it passed a rule to permanently bar the state’s public universities from using public funds on diversity, equity and inclusion (DEI) programs—the latest instance of increasing pushback against such programs, which have raised the ire of prominent figures like Tesla CEO Elon Musk, hedge fund billionaire Bill
Florida’s Board of Education announced a new rule on Wednesday that bars public colleges from using state and federal funds for diversity, equity and inclusion programs, activities and policies. The rule, which applies to the 28 schools within the Florida College System, “will ensure that taxpayer funds can no longer be used to promote DEI
The Nova music festival organizers announced their plans to return to Israel later this year, N12 reported on Wednesday. The festival was held in the southern kibbutz of Re’im on October 7, when Hamas infiltrated the borders of Israel and massacred over 300 civilians at the event. As per the report, Nova festival production
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Caxton Associates, one of the oldest and best-known global macro hedge fund managers, lost money in its two main funds in 2023, say two people who have seen the numbers, in a turbulent year for
SALINAS — California Attorney General Rob Bonta filed a lawsuit last week against the developer of Salinas’ troubled Step Up Project Homekey motel conversions, and the City of Salinas is named as a defendant. The projects at the 45-unit former Sanborn Inn at 180 S. Sanborn Road, the 59-unit former Salinas Inn at 1030 Fairview
Image Credits: Viaframe / Getty Images Despite the mixed recent news on inflation, capital’s still flowing healthily into Silicon Valley. Case in point, Top Tier Capital, the San Francisco-based VC and private equity firm, today announced that it raised $1.05 billion more to invest with global venture funds and tech companies. Speaking to TechCrunch via
Investing in mutual funds for retirement is never too late. And the Zacks Mutual Fund Rank can be an excellent tool for investors looking to invest in the best funds. The best way to shortlist great mutual funds is to ensure solid performance, diversification, and low fees. Some are better than others, but utilizing the
Council on Chemical Abuse Awards Opioid Settlement Funds for Three Projects in Berks County – BCTV Skip to Content / Articles / Community / by Council on Chemical Abuse Jan 17, 2024 The Council on Chemical Abuse (COCA) Board of Directors recently approved contract allocations totaling $213,554 for three projects that focus on prevention and