May 3, 2024
Funds

CI Global Asset Management Appoints Portfolio Manager for Two U.S. Small-Cap Funds

TORONTO, April 29, 2024–(BUSINESS WIRE)–CI Global Asset Management (“CI GAM”) today announced the appointment of CI Segall Bryant & Hamill Asset Management (“SBH”) as sub-advisor to US Equity Small Cap Pool and US Equity Small Cap Corporate Class, effective immediately. US Equity Small Cap Pool and US Equity Small Cap Corporate Class (the “Funds”) are

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Funds

Karak says its $7m post-Terra funds aren’t a ‘scam or rug-pull.’ Others aren’t so sure – DL News

The Terra Classic community has accused Karak of appropriating $7 million. Karak says it took the funds, and doesn’t recognise the Terra Classic community. Code changes, a deleted governance proposal, and spam transactions during the time the funds were taken raise questions. DeFi protocol Karak, the latest entrant to crypto’s buzzy restaking sector, is already

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Funds

Paul Singer’s activist hedge fund Elliott Management follows Warren Buffett to Japan with a big stake in trading house Sumitomo

The size of the activist group’s investment is around “several tens of billions of yen,” the person said, asking not to be identified because the transaction hasn’t been publicly disclosed. Every ¥10 billion ($64 million) investment is equivalent to a 0.2% stake in Sumitomo, based on Friday’s closing share price of ¥3,909. Japanese markets were

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Funds

Should I Get Into the Fixed-Term Bond Fund Craze?

Lukas Strobl: Since we’ve exited the zero rate era, bonds are back in demand. One problem with bonds is that their high minimum subscription all but excludes smaller and retail investors. Bond funds are one popular way around that, and specifically fixed-term bond funds have seen massive inflows in the past year. I’m here with

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Funds

Net asset value of the EfTEN United Property Fund as of 31.03.2024

EFTEN UNITED PROPERTY FUND The net asset value (NAV) of EfTEN United Property Fund unit was 10.62 euros at the end of March, decreasing by 0.1% over the month. The decrease in NAV was related to the investment in the shares of the listed fund EfTEN Real Estate Fund AS, which closed by 1,3% down

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Funds

Fragile support for sustainable funds in Asia

Excluding China, Asia ex-Japan recorded net inflows of roughly $622m in the first quarter of 2024, down from $1.7bn registered in the fourth quarter of 2023, according to report by Morningstar. However, China-domiciled sustainable funds experienced their third consecutive quarter of outflows, totalling $367m. As in the previous quarter, the withdrawals were dominated mostly by

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Funds

Local high school hosts a walk-a-thon to raise funds for Cystic Fibrosis

CHILLICOTHE, Ill. (WMBD) — More than 100 people came out to Illinois Valley Central High School to walk and donate to the Cystic Fibrosis Foundation. This is the first time that the school has hosted the walk, although the school has raised funds for Cystic Fibrosis for a long time according to event organizer Sherri

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Funds

Tech Tycoon’s Family Office Bets on AI to Prop $10 Billion Fund

(Bloomberg) — PremjiInvest, the largest Indian family office that manages over $10 billion for software tycoon Azim Premji, will invest more money into artificial intelligence companies while fine-tuning its proprietary AI investment tools, a senior executive at the firm said. The company, among the first large Indian asset managers to use AI tools in the

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Funds

Navigating the Web3 startup landscape with limited funds

The following is a guest post by Nischal Shetty, co-founder and President at Shardeum. The bull market has shown signs of its arrival as the ecosystem looks forward to a market revival, which has been awaited for two years. In Web3, bear markets are generally considered the best time to build so that the products

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Funds

Lake County commissioners approve CDBG funds for Willowick

(Submitted) The Lake County commissioners have unanimously adopted a resolution approving the use of Community Development Block Grant funds for the installation of a generator for the Willowick Senior Center and ADA curb ramp replacements for the Vine Street Corridor. The CDBG program provides federal funding to aid local communities address priority projects and lay the groundwork

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