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...stock market regulator came under pressure to act on opaque foreign portfolio investors after the release of an explosive short seller report on the Adani Group last year that wiped billions of dollars off...
...She also urged the government to extend the Recovery Loan Scheme that has offered small and medium-sized businesses a lifeline since the Covid-19 pandemic and is due to expire in June....
...Either way, JPMorgan warns today that the world needs a “reality check” on the move away from fossil fuels....
...In order to get around the problem, the government said it would ensure the rate of checks was initially “set to zero for all commodity groups” — essentially switching off large parts of the risk management...
...But “the real surprise” is that the bank’s survey of 150 of the largest US funds shows “nearly every US fund manager is underweight these stocks collectively” due to restrictions for some types of funds...
...Despite the combined nearly $35bn write-off of supposed shareholder value, these “down round” IPOs are not being met with derision in Silicon Valley....
...“As a result, some investment managers have held off registering their new ETF ranges for sale in the UK pending the introduction of the overseas funds regime,” Carson said....
...Unfortunately for current CVC employees, they won’t be selling down any time soon due to lock-up restrictions....
...As a newsletter subscriber, claim 15% off your pass today using promo code NewslettersxFestival....
...The combination would also take the stress off Mondi’s fine-paper business, which because of WFH hasn’t been doing great....
...Smart reads Unlikely backer Retired hedge fund billionaire Leon Cooperman and a “predatory” cash-advance company had no reason to cross paths, Bloomberg reports. Then came a private credit fund....
...Now, all SEC-registered funds will have to conduct basic due diligence checks on clients, including on the sources of their wealth....
...Some regulators watching from outside fear that the review goes too far in changes, it could undermine a key part of the checks and balances in Ireland’s financial system....
...For the uninitiated, SPIVA stands for the S&P Indices Versus Active, and is the benchmark provider’s regular check-up on how many active mutual fund managers underperform the market....
...off a takeover by corporate raider Vincent Bolloré....
...Evergreen funds, which do not need to return money to investors within the decade or so of the traditional closed-end fund, are taking off....
...In terms of other campaign funds, Trump could tap Save America, the so-called leadership Pac he controls. It had only $4.1mn on hand at the end of February. Could Trump declare bankruptcy?...
...Things haven’t got off to a good start....
...It was forced to freeze its funds a year later under regulatory scrutiny. Then, one year ago, Crastes was struck off from managing funds for half a decade by the French regulator....
...The probe demonstrated adequate checks were in place to ensure the “proper implementation” of the funds and “recover illegally obtained” EU money, Italian police said....
...Can Blackstone’s property fund sustain juicy payouts?...
...Investors, understandably, are pissed off....
...News-powered hedge fund drops its first report The news industry has been bleak recently with rounds of lay-offs that have hit journalists hard across the US....
...That’s more than double the amount over the same period last year, although admittedly that is off a low base....
...Iberdrola will fund €36bn of the €41bn plan, the rest being provided by investors including Norway’s sovereign wealth fund and Masdar, the UAE’s renewable energy company....
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