The China Banking and Insurance Regulatory Commission’s asked lenders in China to cease selling investment products linked to commodities futures to retail investors. Many of these commodity products have exposed retail investors to greater investment losses due to volatile commodity prices. For example, in 2020, Bank of China sold crude-oil linked investment products to retail […]
Activist hedge fund firm Engine No. 1 GP LLC (Engine No. 1 LLC) showcased four independent director candidates for the board of Exxon Mobil Corporation. The California Public Employees’ Retirement System (CalPERS), California State Teachers’ Retirement System (CalSTRS), and New York State Common Retirement Fund backed the Engine No. 1 candidates. Exxon Mobil shareholders voted […]
Sentieo is a San Francisco-based financial and corporate research platform provider. The company raised US$ 20 million in Series B funding. Ten Coves Capital led the round and was joined by investors including exisiting investors Centana Growth Partners and Studio Management. Ned May, a founder and Managing Partner at Ten Coves Capital, will join Sentieo’s […]
The U.S. Department of Justice (DOJ) is getting their hands around the players and actions before and after the March meltdown of Bill Hwang’s Archegos Capital Management. U.S. federal prosecutors in Manhattan sent information requests to some of the banks that dealt with Archegos Capital Management. Credit Suisse Group AG, UBS Group AG, Goldman Sachs […]
Russian Prime Minister Mikhail Mishustin inked a decree validating the possibility of investing the funds of the National Wealth Fund (NWF) in gold, according to a statement released on the website of the government. “It will be possible to place the funds of the National Wealth Fund (NWF) on bank accounts with the Bank of […]