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Fund of funds

Worldfloat Logo

Worldfloat to expand using games

Worldfloat saw its customer base increase due to unique game.

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Prison time

Former fund manager in New York pleads guilty of US$2.9 million Ponzi scheme

Jason Konior pleaded guilty of stealing US$2.9 million from investors as part of the 2011-2012 Ponzi scheme.

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Riverside Co Logo

Riverside acquires enough shares to control Simcro Ltd

Simcro sells Riverside Co enough shares for the American company to control it.

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Biomet Logo

Biomet Inc. improves its performance this quarter

Biomet improved financial performance this quarter, CEO tries to prove skeptics wrong.

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Health Care

Houston private-equity company complete US$30 million health care fund

CAZ Investments has raised around US$30 million ready to be invested in health care across the next three years.

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US Money

Fort Washington Capital Launches Two new Products

Cincinnati-based Fort Washington Capital has launched two new funds.

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UK real estate

Legal & General gains control over UK real estate

The UK NEST gave Legal and General Investment Management mandate over real estate asset allocation.

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Teralys Capital Logo

Teralys Captial to Invest $50 Million in Cleantech

Teralys Captial announced its plan to invest $50 million through Cycle Capital and EnerTech.

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Coffee Beans

China demand fears hurt rubber; Asia's coffee premiums robust

The decrease in demands for China was accounted for its slowing economic growth as Asian's coffee premiums remain at multi-month highs.

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Asian stocks

Asian stocks wary while ECB, U.S. job reports loom

Asian stock became cautious while the European Central Bank held a summit and US payrolls report loomed.

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IRS

IRS suggests reform to US$2.6 trillion money market fund industry

The IRS proposed reform for the money market fund industry is set to tackle tax matters.

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US Treasury

ICI: bond mutual funds recorded US$28.1 billion outflow

The Investment Company Institute recorded US$28.1 billion withdrawals from bond reserves.

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Hedge Funds

US$2.25 trillion hedge fund industry hurt by June sell-off

The US$2.25 trillion hedge fund industry continued to be hit by June sell-off because of Fed Chairman's remarks.

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Bovespa

Brazil stocks gain 2% as investors snap up Vale, OGX

Brazil's benchmark Bovespa stock index increased by 2% after investors picked up Vale and OGX.

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Pakistan Rupees

IMF lends US$5.3 Billion to Pakistan to Boost Rupee

The International Monetary Fund approved Pakistan's US$5.3 billion loan to help the nation stabilize its struggling economy.

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