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...Many remain unclear how money shifted around its corporate web — a tangle of more than 1,000 companies and trusts — as the business scrambled for funds....
...However, Weinstein is considering several tactics, including share buybacks or pushing for fund liquidations in extreme cases. Saba Capital declined to comment....
...One Hong Kong-based fund manager with a Chinese financial group said it was “quite surprising” that Zhongzhi had gone “straight into liquidation”, noting that other Chinese companies with missed payments...
...It was low enough, in fact, that some API shareholders were pushing for the fund’s liquidation over a sale. Other deals are in the offing....
...“I put my trust in my financial adviser,” Booth said. “They didn’t register any issues with Hartley at the time.” However, a year later things took a worrying turn for Hartley Sipp customers....
...(GBTC), the world largest crypto fund, into an ETF....
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...But the damage to client trust had been done....
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...Lawyers for Camshaft said the fund “vigorously denies the statements made” in the legal filings by Glas Trust, without elaborating....
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...bills or money market funds, held by Paxos Trust Co....
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...If it fails, the fund risks a massive restructuring or even liquidation....
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...The discount to the net asset value of the $18.9bn Grayscale Bitcoin Trust (GBTC), the world’s largest crypto fund, has narrowed sharply to a nine-month low of 31.3 per cent....
...Charles Schwab started polling retail investors in three funds last year, Vanguard ran a pilot project involving three funds this spring and State Street launched a larger programme in April....
...Unfortunately he included Scottish Mortgage Investment Trust in his portfolio. Investment trusts, along with other kinds of fund, are firmly against the rules of the competition. Bad luck, Louis....
...Behind JPMorgan, the strongest sellers were Dimensional Fund Advisors, with $2bn in new cash, followed by Invesco, with $1.8bn; Charles Schwab, $1.7bn; and ProShares, $800mn....
...HongShan told the Financial Times it had a “strong foundation of trust” with PeakXV and there would be opportunities for both teams to collaborate....
...Moreover, 90 per cent said they would trust a traditional financial group to act as custodian of their crypto tokens....
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...The Blackstone-owned fund is also the most likely buyer of the assets in liquidation, of course, and has set just set a low valuation benchmark....
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